Globalization
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When one can circle the globe in less than the time of incubation of most infectious pathogens, it is clear every country relies to some extent on the health systems of other countries to prevent and protect their citizens from global health threats. Therefore, creating and maintaining a good health system in one country requires attention to interregional and international cooperation. Domestic and international spheres of public health policies are becoming more intertwined and inseparable.

PUBLISHED: Qiong Zhang, Karen Eggleston (翁笙和), and Michele Barry, 2009. “Pandemic Influenza and the Globalization of Public Health” (流感大流行与公共卫生全球化), Comparative Studies 比较 (42):  (Beijing: China CITIC Press): 47-52.

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Asia Health Policy Program working paper #11
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Karen Eggleston
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Karen Eggleston
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In December 2009, the Asia Health Policy Program celebrates the first anniversary of the launch of the AHPP working paper series on health and demographic change in the Asia-Pacific. The series showcases research by AHPP’s own affiliated faculty, postdoctoral fellows, and visiting scholars, as well as selected works by other scholars from the region.

To date AHPP has released eleven research papers in the series, by authors from China, South Korea, Thailand, Taiwan, Pakistan, and the US, with more on the way from Japan and Vietnam. Topics range from “The Effect of Informal Caregiving on Labor Market Outcomes in South Korea” and “Comparing Public and Private Hospitals in China,” to “Pandemic Influenza and the Globalization of Public Health.”  The working papers are available at the Asia Health Policy website.

AHPP considers quality research papers from leading research universities and think tanks across the Asia-Pacific region for inclusion in the working paper series. If interested, please contact Karen Eggleston.

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Few topics provoke more heated debate than globalization. Globalization is considered essential for companies that want to survive in today's economy, but it is also blamed for job losses and the economic decline of the United States. Executives say they hire from abroad because of deficiencies in the U.S. workforce and skills shortages, while worker advocacy groups say it is all about cheap labor.

Wadhwa will discuss how the contentious public debates on globalization and outsourcing commonly use data that isn't grounded in reality. He will show why globalization and outsourcing are the new reality and how this trend will continue to build even more momentum. Finally, Wadhwa will provide concrete advice and ideas on how the United States can regain its edge in the global economy by understanding the new reality and focusing on its strengths such as entrepreneurship and innovation. By effectively harnessing its highly educated and skilled workforce, and balancing immigrant intellectual capital, the United States can continue to be the winner rather than the victim of globalization.

Vivek Wadhwa, currently a visiting scholar at UC-Berkeley, is a senior research associate with the Labor and Worklife Program at Harvard Law School and an executive in residence/adjunct professor at the Pratt School of Engineering at Duke University. He helps students prepare for the real world, lectures in class and leads groundbreaking research projects. He advises several start-up companies, writes a column for BusinessWeek.com and contributes to several international publications. Since joining Duke in 2005, he has researched globalization, its impact on the engineering profession and the sources of the United States' competitive advantage. Mr. Wadhwa holds an MBA from New York University and a BA in Computing Studies from the Canberra University in Australia.

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Vivek Wadhwa Senior Research Associate Speaker Labor and Worklife Program, Harvard Law School
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Karen Eggleston
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How do countries in the vast and diverse Asia-Pacific region differ in “prescribing cultures”? How do health systems in the region balance access to pharmaceuticals with incentives for innovation? How do the forces of globalization shape, and in turn are shaped by, cultural legacies about health and health care? These are the key questions addressed by the new Asia Health Policy Program book, Prescribing Cultures and Pharmaceutical Policy in the Asia Pacific.

AHPP held a book launch event September 23rd with three authors of the book detailing how pharmaceutical policies are interlinked globally and at the same time deeply rooted in local culture. 

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Asia's generally dismal record up to 1990 as a provider of brand-name services, despite efforts by Japan and Korea in banking, retail and software, turned around in the 1990s with the rise of China and India. India, particularly, has made its name providing IT-enabled services. While the exports were initially confined to software programming and later call-centers, after 2000 the range and depth of work changed dramatically.

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One prominent feature of Japanese automobile manufacturing in the postwar period was a system of sourcing parts from closely affiliated smaller firms in long-term, stable relations.
Changes in the global automobile industry have made that system too expensive. Increasing competitive pressures resulting from global excess capacity in the early 2000s and have forced a transformation in the business model of the automotive industry. Modulization and a switch to "global best sourcing" for standard parts have turned the previous logic of  Japanese subcontracting on its head, as first-tier suppliers become even closer partners of large assemblers, while small firms become replaceable. Mergers and joint ventures have changed the structure of Japan's auto part industry, resulting in larger firms that compete globally. Undergoing a transformation toward cost-cutting and increased technological capabilities in the late 1990s and early 2000s has afforded these firms a fortuitous head start in preparing for the global auto crisis of 2008/09, which is threatening to wipe out smaller parts markers around the globe.

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International Journal of Automotive Technology and Management
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This presentation will compare the more mature venture capital markets of the United States, Europe, and Israel with the larger emerging venture capital markets of China and India.

Most analyses being presented are as recent as the second and third quarters of 2009 and will include:

  1. Venture capital investment by number of deals and dollar amounts by stage and industry
  2. Valuation benchmarks by industry and geography
  3. Exit benchmarks by industry sector and exchange 
  4. Comparing specific differences of startups through their life cycles
  5. Venture capital firms investing in other geographies
  6. Cleantech deals and their latest performances

The methodology used in the analysis differs from the traditional Western model (comparison by round), since the investment patterns in emerging markets are very different.

About the speaker:

Dr. Martin Haemmig's venture capital research covers 13 countries in Asia, Europe, Israel, and USA. He lectures and/or performs research at numerous universities across the U.S., Europe, China and India. He has authored books on the Globalization of Venture Capital. He is Senior Advisor on Venture Capital at SPRIE and advises on venture capital for China's Zhongguancun Science Park. Martin Haemmig earned his electronics degree in Switzerland and his MBA and doctorate in California, and worked for almost 20 years in global high-tech companies in Asia, Europe and the U.S. before returning to his academic career. He became Swiss national champion in marketing in 1994.

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Martin Haemmig Speaker
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Formal venture capital investing in Silicon Valley has been underway for more than 50 years. It was in the Valley that the limited partnership format was first used for venture capital. Whereas, originally Silicon Valley VCs were mostly from a finance background, very early on individuals with operating experience formed or joined partnerships.

Perhaps most important was the tight linkages between the venture capitalists and the nearly continuous evolution of information technologies. The enormous returns from information technologies enabled Silicon Valley VCs to make very early investments in other technologies ranging from biotechnology to nanotechnology. These returns also encouraged high levels of risk-taking.

Through the use of a historical perspective, the concluding remarks will reflect upon the current dire straits for venture capital.

Martin Kenney is a Professor at the University of California, Davis, a Senior Project Director at the Berkeley Roundtable on the International Economy, as well as a fellow at the Center for Entrepreneurship at UC Davis. He has authored or edited five books and over 120 scholarly articles on the globalization of services, the history of venture capital, university-industry relations, and the development of Silicon Valley. His two recent edited books Understanding Silicon Valley and Locating Global Advantage (with Richard Florida) were published by Stanford University Press where he is the editor of a book series in innovation and globalization. Currently, he is preparing a book on the history and globalization of the venture capital industry.

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Martin Kenney Professor Speaker University of California, Davis
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