Trade
-

This seminar is part 1 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

For a long time, researchers have asked whether the success of Silicon Valley can be replicated elsewhere. There have been various levels of attempts and various levels of success outside the United States.

Depending on how success is measured, one can draw different conclusions. How do we evaluate Hsinchu Science Park? Have they created innovative products? Have they produced entrepreneurs? How do they stack up to Silicon Valley? What is their competitive edge? As China joins the WTO, what should its strategy be?

On a long-term basis, what are the factors that will drive and deliver sustainable competitive advantages? With changes in global economic conditions, how does one re-evaluate the Silicon Valley model? As China joins the WTO, what should its strategy be? And as China becomes the manufacturer of the world, what is its impact on Taiwan and Silicon Valley?

This talk offers an analysis of experiences in Silicon Valley and Asia in the past twenty years. It also offers some reflections on the model and strategy for Greater China.

Since November 1998, Sha has been a managing partner at Spring Creek Venture, which specializes in early-stage venture investment and business consultation with Internet and infrastructure companies. Sha is currently serving on the board of directors of several start-up companies, including Appstream, Acela, Aduva, E21, LiveABC, Optoplex, Mediostream, and Tom.com.

Sha has extensive experience as a leader of high technology companies. He served as CEO for Sina.com and senior vice president of Commerce Solutions at Netscape Communications. While at Netscape, he served concurrently as president and CEO of Actra Business Systems, a joint venture formed by Netscape and GE Information Services. A company Sha built from scratch, Actra was the first company to focus on business-to-business e-commerce and e-procurement application systems. Prior to Actra, Mr. Sha served as vice president and general manager of business-to-consumer integrated application business at Netscape Communications and vice president of the UNIX Product Division at Oracle Corporation.

In his community service, Sha served as chairman of the Monte Jade West Coast association from 2000-2001. Sha currently is serving as chairman of the Monte Jade Global Association, the premier technology entrepreneur association with twelve chapters in the United States, Canada, Singapore, and Taiwan.

Mr. Sha holds an MS in EECS from the University of California at Berkeley, an MBA from Santa Clara University, and a BS in EE from Taiwan University.

Philippines Conference Room

James C. Sha Managing Partner Spring Creek Venture
Seminars
-

Vinod Aggarwal is professor in the Department of Political Science, affiliated professor of Business and Public Policy in the Haas School of Business, and director of the Berkeley Asia Pacific Economic Cooperation Study Center (BASC) at the University of California at Berkeley. He has been at Berkeley since 1980, and from 1991-1994 was chairman of the Political Economy of Industrial Societies Program.He is also the founder and editor-in-chief of the journal Business and Politics. Dr. Aggarwal consults regularly with multinational corporations on strategic planning, trade policy, and international negotiations. In the public sector, he has been a consultant to the Mexican Government, the U.S. Department of Commerce, OECD, the Group of Thirty, IFAD, and the World Bank. In 1990, he was special adviser on Trade Negotiations to the United Nations Conference on Trade and Development (UNCTAD) in connection with the GATT Uruguay Round negotiations and has also served as an adviser to Dr. Fred Bergsten, chairman of the APEC Eminent Persons Group. In 1997, he won the Cheit Outstanding Teaching Award at the Haas School of Business. Professor Aggarwal's authored books include Liberal Protectionism, International Debt Threat, and Debt Games, and his edited volumes include Asia-Pacific Crossroads. He is currently completing a volume on American corporate market and nonmarket strategies in Asia. He received his Ph.D. from Stanford University. This seminar is part of the Shorenstein Forum's ongoing series, "The California-Asia Connection." Lunch will be served to those who RSVP to Debbie Warren at dawarren@stanford.edu or 650-723-2408 by Friday, January 31, 2003.

Daniel and Nancy Okimoto Conference Room

Vinod Aggarwal Director, APEC Study Center Speaker Professor, Political Science, University of California, Berkeley
Workshops

APARC
Stanford University
Encina Hall, Room E301
Stanford, CA 94305-6055

(650) 723-9741 (650) 723-6530

Won-soo Kim graduated from the College of Law of the Seoul National University (bachelor of law) in Korea, and received his M.A. from the Paul H. Nitze School of Advanced International Studies at the Johns Hopkins University. He pursued graduate legal study as a doctoral (JSD) candidate at Stanford Law School. At Stanford, he also worked as a visiting fellow at CISAC between 1994 and 1995, and at APARC between 1995 and 1996.

Kim has pursued a foreign service career since joining the Korean Foreign Ministry in 1978. He has worked as the second secretary in the Korean Embassy in Washington, DC, and as the deputy director of the North America Division in the Foreign Ministry. He subsequently served as the political counselor in the Korean Embassy in New Delhi, and as the director of the Treaties Division in the Foreign Ministry.

In 1996-97, Kim served as the alternate representative of the Republic of Korea to the United Nations Security Council. During that period, Korea was a nonpermanent member of the Security Council for the first time, and sought to contribute substantively to international peace and security. Kim also worked as the political counselor of the Korean Mission to the UN until 1999.

Most recently, Kim worked at the Office of the President of the Republic of Korea as the secretary to the president for foreign affairs and trade (2002-03), as well as international security affairs (2000-02). During that period, he was in charge of overall coordination of Korea-s foreign policy on major issues, including the North Korean nuclear problem and management of the Korea-US alliance. Since September 2003, he has been in residence as a visiting scholar at APARC.

Visiting Scholar
-

As Secretary of the Technology, Trade, and Commerce Agency, Lon Hatamiya advises the governor and the legislature on all matters related to international business, serving as the voice of California's private sector in the State Cabinet. Appointed by Governor Gray Davis in 1999 and confirmed unanimously by the State Senate, Secretary Hatamiya is the first Asian-American to hold a cabinet-level position in California history. As the state's primary promoter of economic development, he directs numerous programs stimulating economic activity for international trade and investment, and under his leadership the Agency added the Division of Science, Technology, and Innovation, focusing on R&D and the commercialization of new technologies. Prior to his appointment as secretary, Mr. Hatamiya served as administrator for the Foreign Agricultural Service in the United States Department of Agriculture (USDA). He holds a degree in economics from Harvard University, and JD and MBA degrees from the University of California, Los Angeles.

The Oksenberg Room, Third Floor, Encina Hall, South Wing

Lon Hatamiya Secretary Speaker California Technology,Trade and Commerce Agency
Workshops
Paragraphs

(Excerpt) China is becoming the workplace of the world, so we are increasingly told. Jeffrey Garten, dean of the Yale School of Management, writes, "Will China's importance to global manufacturing soon resemble Saudi Arabia's position in world oil markets?" And the world economy might "soon become dangerously vulnerable to a major supply disruption [in China] caused by war, terrorism, social unrest, or a natural disaster" (Business Week, June 17, 2002).

Its growth in manufacturing is impressive. Manufactured goods exports rose during the 1990s at a 15 percent annual rate to about $220 billion in 2000. On one estimate, China now makes 50 percent of the world's telephones, 17 percent of refrigerators, 41 percent of video monitors, 23 percent of washing machines, 30 percent of air conditioners, and 30 percent of color TVs. Many companies in the United States, Japan, Taiwan and elsewhere are moving operations there. Jobs are shrinking in Mexico's factories as work shifts to China. The building space of foreign contract manufacturers grew from 1.6 million square feet in June 1999 to 5 million square feet two years later.

The causes are China's opening to the world; its abundant supply of cheap, competent labor (with wage rates 5 percent of those in the United States or Japan and one-third of Mexico's--and no trade unions); a high savings/capital formation rate; and an influx of direct investment that brings technology with it. Moreover, there are still around 300 million workers in low-income, primary producing sectors, largely agricultural, that is a reserve pool of labor for industry. ...

All Publications button
1
Publication Type
Journal Articles
Publication Date
Journal Publisher
International Economy
Authors
Henry S. Rowen
-

Dr. Jin Hyun Kim is the former chairman of Munwha Ilbo, one of Korea's major daily newspapers, and former Minister of Science and Technology in South Korea. A longtime journalist, Dr. Kim currently serves as senior research advisor to the Korea International Trade Association (KITA).

Philippines Conference Room

Dr. Jin Hyun Kim Senior Research Advisor Speaker Korea International Trade Association
Seminars
-

12:00 p.m. Katsuyuki Tsukada, Nihon Unisys Company (JR) "Development of the New Business Model of Digital Contents Trade" 12:20 p.m. Tetsu Fukuoka, Sumitomo Corporation of America (HR) "Current Activity of Venture Capitals in Silicon Valley" 12:40 p.m. Takayuki Niikura, Ministry of Economy, Trade and Industry (RH) "Japan and Regional Choices" 1:00 p.m. Kotaro Inuzuka, Toyobo Company, Ltd. (FC) "Application of Smart Structure Technologies at TOYOBO" 1:20 p.m. Takeshi Myoi, Tokyo Electric Power Company (RD) "Strategies and Management of R&D at Tokyo Electric Power Company" 1:40 p.m. Takihiko Ashiya, Kansai Electric Power Company (RH) "Proposal of Strategic Viewpoints in Diversification Based on Analysis of Failures in the U.S. Telecommunication Industry"

Philippines Conference Room, Encina Hall East, Third Floor

A/PARC Visiting Fellows Listed Below:
Paragraphs

In a series of papers (Fung & Lau, 1996, 1998, 2001), we have argued that neither the U.S. nor the Chinese bilateral trade balance data are accurate. In this paper, we utilize the most up-to-date information and provide more accurate estimates. The adjustments include f.a.s.-f.o.b. and f.o.b.-c.i.f. conversion, re-exports via Hong Kong, re-export markups of Hong Kong middlemen and trade in services. With these adjustments, the best estimate of the U.S.-China bilateral trade balance in goods and services in 2002 is US$ 74.3 billion. This is a large figure, but is more than 25% smaller than the official estimate of the U.S. government.

All Publications button
1
Publication Type
Journal Articles
Publication Date
Journal Publisher
Journal of Asian Economics
Authors
Subscribe to Trade