Economic Affairs
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Cover of the book "Walking Out," showing a group of Asian flags, with the American flag set apart from them.

About the Book

From tariff wars to torn-up trade agreements, Michael Beeman explores America's recent and dramatic turn away from support for freer, rules-based trade to instead go its own new way. Focusing on America's trade engagements in the Asia-Pacific, he contrasts the trade policy choices made by America's leaders over several generations with those of today–decisions that are now undermining the trading system America created and triggering new tensions between America and its trading partners, allies and adversaries alike.

With keen insight as a former senior U.S. trade official, Beeman argues that America's exceptionally deep political divisions are driving its policy reversals, giving rise to a new trade policy characterized by zero-sum beliefs about the kind of trade America wants with the world and about new rules for trade that it wants for itself. With enormous implications for the future of regional and global trade, this timely analysis unravels the implications of America's seismic shift in approach for the future of the rules-based trading order and America's role in it.

Walking Out is essential reading for anyone interested in the domestic and international political economy of trade, international relations, and the future of America's role in the global economy.

See also New Book Unravels the Shift in America's Trade Policy and Its Global Consequences 
APARC website, October 1, 2024

About the Author

Michael L. Beeman is a visiting scholar at the Walter H. Shorenstein Asia-Pacific Research Center and has taught international policy as a lecturer at Stanford University. From 2017–23, he was the Assistant U.S. Trade Representative for Japan, Korea, and APEC at the Office of the U.S. Trade Representative (USTR), where he led negotiations for the U.S.-Japan Trade Agreement and for the updated U.S.-Korea Free Trade Agreement, among other initiatives. Prior to this, he served for over a decade in other positions at USTR, including as Deputy Assistant U.S. Trade Representative for Japan. He holds a DPhil in politics (University of Oxford) and an MA in international relations (Johns Hopkins University).

Desk, examination, or review copies can be requested through Stanford University Press.

"Beeman's timely volume Walking Out helps us understand how and why the US has retreated from this system. A practitioner who spent considerable time in the trenches negotiating US trade deals with several Asian partners during the first Trump and the Biden administrations, Michael Beeman brings to the topic of American trade policy the unique combination of scholarly analysis and policy-making experience. With this potent combination, he unpacks two core questions: why has the US retreated from the global free trade agenda, and what are the implications of this turn for US influence? In addition to helping the reader understand these two central issues, Beeman's scholar-practitioner experience shows itself to be invaluable in helping to demystify how rules, schedules, and side letters work in the world of trade negotiations, and why details like dispute settlement and rules of origin matter greatly."

— Joseph Chinyong Liow, Dean and Wang Gungwu Professor of East Asian Affairs, Lee Kuan Yew School of Public Policy, National University of Singapore

Read the full review article via Asian Security >

In the Media


Trump Second Term May Consider Deleting KORUS FTA Government Procurement Chapter 
The Korea Herald Business, January 24, 2025 (interview)

Trump to Push for Universal Tariffs through Legislation, Not Executive Order: Ex-USTR Official
Korea Economic Daily, November 27, 2024 (interview)

On Korea-U.S. Economic Cooperation in the Era of Walking Out
Yonhap News, November 20, 2024 (featured)

Trump Administration to "Reset Relations on the Assumption of Tariffs," Former USTR Official Says
Nikkei, November 15, 2024 (interview)
English version/ Japanese version

If Trump Is Re-elected, It Will be Impossible to Avoid Re-revision of the Korea-US FTA
JoongAng, October 31, 2024 (interview)

Can Democrats Win Back Voters from Trump on Trade Policy?
The New York Times, October 30, 2024 (quoted)

Multimedia from Book-Related Talks


US-South Korea Economic Cooperation in the Era of Walking Out
Korea Economic Institute, November 19, 2024
Watch > 

Book Talk: Walking Out
Wilson Center, October 28, 2024
Watch >

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America’s New Trade Policy in the Asia-Pacific and Beyond

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Michael Beeman
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Shorenstein APARC
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Noa Ronkin
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China's ascent in the economic, technological, and military spheres and its assertive foreign policy have disrupted geopolitical paradigms, prompting intensified discussions of great power competition and rivalry. But how did China achieve great power status and build it from a weaker resource position in a U.S.-dominated international system?

Stanford political scientist Oriana Skylar Mastro, an expert on Chinese military and security policy, sets out to answer this question in her new book, “Upstart” (Oxford University Press), which offers a novel framework for understanding how China chose to compete on the international stage. A center fellow at the Freeman Spogli Institute for International Studies and faculty at the Shorenstein Asia-Pacific Research Center (APARC), Mastro draws on the political science and business literature to explain China’s thinking that allowed it to enter the great power club.

Mastro joined APARC Publications Manager George Krompacky to discuss her new book. Listen to the conversation on our SoundCloud or YouTube channels. A transcript is also available to download.

Sign up for APARC newsletters to receive our experts' updates >



The Startup Approach

In debating about China’s rise, one might fall into the trap of assuming that China would pursue its ambitions like the United States has. Mastro, however, argues that China does not act the same way as the United States or other would-be superpowers and does not have to compete everywhere and in the same manner to yield influence or dictate outcomes.

Acknowledging the highly politicized nature of China’s rise and U.S. competition with China, Mastro emphasizes a pragmatic approach in her book. “For the United States to compete effectively, we have to understand first what the situation is,” she says, ascribing her pragmatic outlook, at least partially, to her military career. Mastro continues to serve in the U.S. Air Force Reserve, currently as the deputy director of reserve global China strategy at the Pentagon.

Mastro shows that China’s buildup of power over the past three decades stems from pursuing a “startup approach,” that is, a careful mix of three strategies: emulation (mirroring U.S. activities in similar areas), exploitation (adopting U.S. strategies, but in different areas of competition, where the United States isn't strongly present), and entrepreneurship (applying innovative approaches to new and existing areas of competition). Throughout her book, she provides 22 case studies in the economic, military, and political realms to illuminate when China has used each of the three components of the startup strategy and explain why it has chosen a certain pathway at a given time.
 

It’s indisputable that what China has accomplished over the past 30 years is impressive.

Emulation, for example, is manifested in China's approach to mediation diplomacy, as it attempts to present itself as an international mediator to gain power and influence; in its pursuit of humanitarian aid, disaster relief, and peacekeeping operations; and its attempts to internationalize the renminbi.

Instances of exploitation include China’s use of arms sales to countries that can't buy them from the United States due to factors like treaty obligations or embargoes; its approach to free trade and industrial policy; and its ability to keep most U.S. forces out of Asia and disrupt those operating there (known as its anti-access/ area denial capability.

Examples of China’s entrepreneurial approach include its reliance on strategic partnerships instead of alliances; its nuclear strategy and protection of overseas interests (unlike the United States, China has no overseas bases and has not relied on a large nuclear arsenal); and its Belt and Road Initiative.  

By no means is China always successful. Mastro lists various examples indicating, she argues, that China chose the wrong strategy in its pursuit of power buildup, such as its attempts to emulate U.S. soft power or aircraft carrier capabilities. ”But I don't want us to be blind to the realities that a lot of what China does has been effective,” says Mastro. “It’s indisputable that what China has accomplished over the past 30 years is impressive.”

Had there been a more nuanced understanding of China's strategic intentions, the United States might have reinforced certain norms and established new rules to limit China's influence more effectively.

Emulation and Exploitation in Foreign Policy

One salient example of the United States’ misunderstanding of China's strategic approach pertains to China’s participation in international organizations. It is also a lesson in the importance of reevaluating and reinforcing the frameworks that govern international institutions.

International institutions, Mastro explains, have been a key mechanism for the United States to build and exercise power in a flexible, innovative manner. Confident in these institutions' ability to regulate state power in alignment with American interests, many in the United States believed that integrating China into the global order would push Beijing towards political and economic liberalization. This belief underpinned the U.S. support for granting China a most-favored-nation status in the 1990s and its entry into the World Trade Organization.

By the early 21st century, China had joined 50 international governmental organizations and more than a thousand international non-governmental organizations. Within these bodies, China sought to assume a leadership role comparable to that of the United States and its allies, aiming to steer agendas and influence outcomes. Not only did China turn out to be adept at working within the rules to shift institutional directions but also at exploiting loopholes, as, for example, in trade organizations, where its compliance with the established norms has been selective. The U.S. expectations about China’s economic liberalization and democratic reform, however, proved to be distorted.

“The underlying issue was the assumption that China would adopt a worldview similar to the U.S. upon deeper integration,” Mastro says. “Had there been a more nuanced understanding of China's strategic intentions, the U.S. might have reinforced certain norms and established new rules to limit China's influence more effectively.”

While we might think there are all kinds of constraints to [China’s calculus on Taiwan], those are not actually in place.

Taiwan and a Changing Military Balance of Power

Just as the United States was mistaken in believing that international institutions would limit China's actions in foreign policy, it might also be wrong in assuming that China's integration into the global economy has changed its stance on the use of force or that China will consider the cost of attacking Taiwan too high.

According to Mastro, Taiwan is another case where Beijing measures costs and benefits differently from Washinton. “While we might think there are constraints on Chinese [calculus on Taiwan], those constraints are often not actually in place.”

For China, Mastro explains, Taiwan is of utmost importance and deeply connected to the legitimacy of the Chinese Communist Party. She stresses that her research indicates that, as part of China's use of economic power, there is good reason to suspect that international isolation and condemnation in response to a Chinese assault on Taiwan would be relatively mild. ”Most strategic partnerships include clauses where countries agree not to let political issues like Taiwan affect their economic relationships,” Mastro says. “This, combined with the changing military balance of power, is something I hope readers understand from my book.

Lessons for U.S. Strategy

In the last chapter of her book, Mastro discusses the implications of China’s upstart strategy for U.S. policy and offers guidance on how Wahington can address China’s rise. “The United States needs to target its approaches to build and maintain a competitive edge with its own version of an upstart strategy,” Mastro writes. Specifically, the United States should avoid emulating all of China's successes, promote emulation where it maintains competitive advantages, close the gaps China exploits to build power, and embrace its unique entrepreneurial approaches.

“The overall goal should be to move competition into areas where the United States has an advantage and reduce the impact of Chinese strategies where China enjoys advantages,” Mastro notes.

But how realistic is it for the United States to play the long game in this manner, given its four-year election cycle and current politically polarized environment?

Mastro recognizes that not only does the U.S. domestic political system make it difficult for policies to continue from one administration to another, but it also increases the cost of entrepreneurial thinking for any administration interested in implementing a new approach during its four-year term. Entrepreneurial actions require a degree of experimentation, but our politicians are averse to taking risks with actions and policies that might require course adjustment.  

Ultimately, Mastro concludes, it is a question of leadership. “I think the rise of China and the challenge of China is of such importance and urgency that you need leaders to put their political aspirations aside and think in a more calculated, strategic way. You need that kind of leadership and courage in our system for us to be able to compete with China.”

Read More

A Chinese Coast Guard ship fires a water cannon at a Philippine Navy chartered vessel in the South China Sea
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New Report Sheds Light on People's Liberation Army’s Role in Escalating Indo-Pacific Tensions

Through case studies on the People's Liberation Army’s close encounters with the militaries of Australia, India, Japan, the Philippines, Taiwan, and Vietnam, a new National Bureau of Asian Research report edited by Oriana Skylar Mastro assesses the strategic calculus behind the PLA's actions and implications for regional conflict and deterrence.
New Report Sheds Light on People's Liberation Army’s Role in Escalating Indo-Pacific Tensions
Chinese President Xi Jinping (L) accompanies Russian President Vladimir Putin (R) to view an honor guard during a welcoming ceremony outside the Great Hall of the People on June 25, 2016 in Beijing.
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Deciphering the Nature of the Sino-Russian Military Alignment

A study by Oriana Skylar Mastro, published in the journal Security Studies, offers a novel framework for understanding great power military alignment, reveals the nuances of military cooperation between China and Russia, and dissects its implications for global security.
Deciphering the Nature of the Sino-Russian Military Alignment
Chris Buckley, chief China correspondent for the New York Times, winner of the 2024 Shorenstein Journalism Award.
News

New York Times’ Chief China Correspondent Chris Buckley to Receive 2024 Shorenstein Journalism Award

Presented by Stanford’s Shorenstein Asia-Pacific Research Center, the 23rd Shorenstein Journalism Award recognizes Buckley’s exemplary reporting on societal, cultural, political, foreign policy, and security issues in China and Taiwan.
New York Times’ Chief China Correspondent Chris Buckley to Receive 2024 Shorenstein Journalism Award
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Oriana Skylar Mastro and a cover of her book, "Upstart"
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A new book by Stanford political scientist Oriana Skylar Mastro offers a novel framework, the “upstart approach," to explain China's 30-year journey to great power status through strategic emulation, exploitation, and entrepreneurship.

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Taiwan skyline at dawn with logo of the Taiwan Program and text about the conference "Innovate Taiwan: Shaping the Future of a Postindustrial Society"

*Please note, registration for this event has closed.*

A conference to inaugurate the Taiwan Program at Shorenstein APARC

As Taiwan seeks to stimulate vitality and progress in an era defined by shifting global dynamics, it grapples with a myriad of challenges akin to those that other postindustrial societies face. How can Taiwan innovate its economic competitiveness and refashion collaboration networks amid rapid technological transformations and diminishing globalization? What strategies can it employ to adapt to vast demographic changes? How can it cultivate cultural diversity?

Join us in person to discuss these questions and more at a full-day conference celebrating the launch of the new Taiwan Program at the Walter H. Shorenstein Asia-Pacific Research Center.

Hear from esteemed academic and industry leaders as they delve into topics including demography and migration, societal trends, health policy and biotechnology, economic growth and innovation, and the dynamics of domestic and international Taiwanese industries. 

Watch this space for updates on the agenda and confirmed speakers.

9:00 - 9:15 a.m.
Opening Session

Opening remarks

Gi-Wook Shin
Director of Shorenstein APARC, Stanford University

Congratulatory remarks

Richard Saller
President of Stanford University


9:15-10:45 a.m.
Panel 1: Migration, Culture, and Societal Trends        
    
Panelists 

Pei-Chia Lan
Distinguished Professor of Sociology, National Taiwan University

Ruo-Fan Liu
Ph.D. Candidate at University of Wisconsin-Madison
Incoming Postdoctoral Fellow at Shorenstein APARC, Stanford University

Jing Tsu
Jonathan D. Spence Chair Professor of Comparative Literature & East Asian Languages and Literatures, Yale University

Moderator
Kiyoteru Tsutsui
Deputy Director of Shorenstein APARC and Director of the Japan Program, Stanford University


10:45-11:00 a.m.
Coffee and Tea Break


11:00 a.m.-12:30 p.m.
Panel 2: Health Policy and Biotechnology

Panelists 

Ted Chang
CTO of Quanta Computer

Bobby Sheng
Group CEO and Chairman of Bora Pharmaceuticals

C. Jason Wang
Director of the Center for Policy, Outcomes and Prevention
LCY Tan Lan Lee Professor of Pediatrics and Health Policy, Stanford University

Moderator
Karen Eggleston
Director of the Asia Health Policy Program, Shorenstein APARC, Stanford University


12:30-2:00 p.m. 
Lunch Break


2:00-3:00 p.m.  
Panel 3: Taiwan at Stanford and Beyond

Panelists 

Tiffany Chang
Undergraduate Student in Management Science and Engineering
Research Assistant at Shorenstein APARC , Stanford University

Carissa Cheng
Undergraduate Student in International Relations, Stanford University

Yi-Ting Chung
Ph.D. Student in History, Stanford University

Moderator
Marco Widodo
Undergraduate Student in Political Science, Stanford University


3:00-3:30 p.m. 
Coffee and Tea Break


3:30-5:00 p.m.    
Panel 4:  Economic Growth and Innovation

Panelists

Steve Chen
Co-Founder of YouTube and Taiwan Gold Card Holder #1

Jason Hsu
Edward Mason Fellow at Harvard Kennedy School
Former Legislator of the Legislative Yuan Taiwan

CY Huang
Founder and President of FCC Partners

Rose Tsou
Former Head of Verizon Media International and E-Commerce
Former Regional Head of Yahoo APAC
Former General Manager of MTV Taiwan

Moderator
Larry Diamond
Mosbacher Senior Fellow in Global Democracy at the Freeman Spogli Institute for International Studies
William L. Clayton Senior Fellow at the Hoover Institution, Stanford University


5:00 - 5:30 p.m.    
Social Networking Session
 

Bechtel Conference Center
Encina Hall, First floor, Central, S150
616 Jane Stanford Way, Stanford, CA 94305

Conferences
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People’s Republic of China in the Baltic States
Edited by Una Aleksandra Bērziņa-Čerenkova and Kārlis Bukovskis, Riga, Latvian Institute of International Affairs, 2023, 154 pp., ISBN 978-9934-567-67-4


This collection of analytic essays describing political/security, economic, and people-to-people interactions between Latvia, Lithuania, and Estonia and the People’s Republic of China (PRC) provides a welcome and useful elucidation of similarities and differences among the Baltic states. It also identifies (albeit without specifically doing so) the kinds of challenges facing all small and mid-sized countries in their dealings with much larger powers. Asymmetries of scale in the size of populations, firms, government bureaucracies, and other capacities make it difficult to identify and exploit opportunities, maintain multifaceted relationships, and manage the deluge and sometimes manipulative intent of initiatives from the larger partner. Small state governments must play a larger brokering and facilitating role than is true in bigger economies because sub-national actors have limited knowledge and capacity. This is certainly the case with respect to Baltic state interactions with China. Moreover, as these essays make clear, disparities in size and national objectives create vulnerabilities and dependencies that can be manipulated by the larger partner. A recurring leitmotif of the book is that China attempts to exploit dependencies for political reasons.

For the complete book review, read it online or download the text above.

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Journal of Baltic Studies
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Thomas Fingar
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Narratives of Inclusion: Evidence from South Korea’s Migration Challenge

How do formerly exclusive nations evolve to be more inclusive in the face of migration? Governmental officials and journalists have seen migrant integration as either a statist or social project. However, it is fundamentally a nation-building project that entails a redefinition of who "we" are. This talk presents three distinct national narratives: economic, political, and constitutive stories. A series of survey experiments with an embedded focus group analysis is used to test the three narratives' effectiveness in promoting migrant inclusion in South Korea. Contrary to statist narratives that have focused on economic or multicultural justifications for migrant integration, the democracy narrative has the most appeal in moving native attitudes, conditional on whether the narrator is a native or migrant.

About the Speaker:

portrait of Gidong Kim

Gidong Kim joined the Korea Program at Shorenstein APARC as a Postdoctoral Fellow in the fall 2023. He holds a PhD in Political Science from University of Missouri, an MA and a BA in Political Science from Hankuk University of Foreign Studies. He studies comparative political behavior and economy in East Asia, with a particular focus on nationalism and identity politics, inequality and redistribution, and migration in South Korea and East Asia. His work has been published or is forthcoming in journals including Journal of East Asian Studies, Journal of Ethnic and Migration Studies, Asian Perspective, Korea Observer, and Social Science Quarterly

Directions and Parking

Gidong Kim, Postdoctoral Fellow, Korea Program, APARC Postdoctoral Fellow, Korea Program, APARC Stanford University
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Noa Ronkin
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Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center (APARC) invites applications for a postdoctoral fellowship and a visiting scholar position on contemporary Taiwan to begin in Autumn Quarter 2024. These new positions are part of APARC’s expansion of its work on Taiwan, focusing particularly on its economy, society, and culture in a new era of global relations and “postindustrial” development.

About the Postdoctoral Fellowship on Contemporary Taiwan


The postdoctoral fellow participates in APARC’s research and engagement activities while undertaking original research on contemporary Taiwan. We welcome fellowship applications from candidates studying issues related to how Taiwan can meet the challenges and opportunities of economic, social, technological, environmental, and institutional adaptation in the coming decades, using a variety of disciplines including the social sciences, public policy, and business.

The postdoctoral fellowship appointment begins in Autumn Quarter 2024 and is for one academic year, with a possibility of extension contingent on satisfactory performance and funding.

The fellowship is limited to recent PhDs: applicants cannot be more than three years past the awarding of their doctoral degree when the fellowship starts. They must have degree conferral and official approval/certification no later than June 30 prior to the fellowship start date (that is, no later than June 30, 2024, for 2024-25 fellowships starting in autumn 2024).

Postdoctoral fellows are required to be in residence for the duration of the appointment and to take part in APARC activities throughout the academic year. Fellows are also expected to support programmatic needs such as colloquiums and participate in research collaboration through the Stanford Next Asia Policy Lab (SNAPL). The postdoctoral fellowship is a 10-month appointment with a salary of approximately $65,000 (annual rate of $78,000), or commensurate with Stanford policy and set minimums, plus up to $3,000 for research expenses.

The application deadline is January 1, 2024. Read on for the application guidelines.

Apply for the Postdoctoral Fellowship on Contemporary Taiwan


Interested candidates must follow these requirements:

I. Fill out the online application form;

II. Upload the following materials to the online form (in English, PDF format):

  • Curriculum vitae;
  • A short research statement (not to exceed five typed pages, double-spaced) that describes the research and writing to be undertaken during the fellowship period, as well as the proposed publishable product.

III. Submit the completed application form along with the required materials;

IV. Submit Letters of Recommendation: 
Email THREE (3) letters of recommendation (in PDF format) to taiwanprogramfellowship@stanford.edu. We will accept official letters of recommendation from the applicant, a dossier service, or directly from references.

All applications must be received by 11:59 p.m. Pacific Time on Monday, January 1, 2024.

Once we have received all components of your application, including three recommendations, we will send you an email confirming the completion of your application. If you have not received this email, you may send an email checking your application status. 

Note: Please be advised that Stanford University will close for winter break from December 21, 2023, through January 3, 2024, and response time to inquiries during this period may be delayed.

About the Visiting Scholarship on Contemporary Taiwan


The visiting scholar on contemporary Taiwan will work collaboratively with APARC faculty and researchers, Stanford faculty, and students to conduct research related to how Taiwan can meet the challenges and opportunities of economic, social, technological, environmental, and institutional adaptation in the coming decades, using a variety of disciplines including the social sciences, public policy, and business.

The visiting scholar position is available to researchers and professionals with PhD degrees or substantial records of professional achievement related to contemporary Taiwan. Applicants must be visiting from and affiliated with an outside institution or organization and must be proficient in the English language. There is a preference for mid-career professionals with a strong research and publication record. Visiting fellows are selected on the basis of prior professional achievements and the quality of research and publication proposals.

The appointment begins in Autumn Quarter 2024 and is for one academic year. The visiting scholar will be offered $30,000 as a supplementary stipend.

Visiting scholars are required to be in residence for the duration of the appointment, take part in APARC activities throughout the academic year, and meet with collaborators and stakeholders as needed. They are also expected to support programmatic needs such as colloquiums and participate in research collaboration through the Stanford Next Asia Policy Lab (SNAPL). Additional privileges include access to Stanford research facilities, the opportunity to audit relevant University lecture courses without a fee (subject to permission of the instructor), and the opportunity to participate in events at the Freeman Spogli Institute for International Studies and elsewhere on campus.

The center is still accepting applications for the 2024-2025 visiting fellowship. Read on for the application guidelines.

Apply for the Visiting Scholar Position on Contemporary Taiwan


I. Fill out the online application form;

II. Upload the following materials to the online form (in English, PDF format):

  • A formal letter of request containing a detailed proposal of the work to be carried out while in residency at APARC;
  • A formal and complete academic curriculum vitae, including a list of publications.

III. Submit the completed application form along with the required materials;

IV. Submit two (2) letters of reference. The letters of reference should be emailed to taiwanprogramfellowship@stanford.edu. The candidate’s legal name and email address must be included on top of each required document.


Contact

For questions about the application process for the postdoctoral fellowship and visiting scholar position, please contact Kristen Lee at taiwanprogramfellowship@stanford.edu

About APARC

The Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) addresses critical issues affecting the countries of Asia, their regional and global affairs, and U.S.-Asia relations. As Stanford University’s hub for the interdisciplinary study of contemporary Asia, we produce policy-relevant research, provide education and training to students, scholars, and practitioners, and strengthen dialogue and cooperation between counterparts in the Asia-Pacific and the United States. For more information, visit aparc.stanford.edu.

Stanford University is an equal opportunity employer, and we welcome applications from diverse backgrounds that would bring additional dimensions to the university's research and teaching missions. Diversity includes, but is not limited to, culture, socioeconomic background, race, ethnicity, gender, sexual orientation, physical capabilities, and life experience.


More Fellowship Opportunities at APARC

APARC offers additional Fall 2024 Asia Studies Fellowships that are now open for applications. We have opportunities for both emerging scholars and established professionals:

Read More

Stanford architectural columns with text "Call for Applications: Fall 2024 Fellowships" and APARC logo.
News

APARC Invites Fall 2024 Asia Studies Fellowship Applications

The Center offers a suite of fellowships for Asia researchers to begin in fall quarter 2024. These include postdoctoral fellowships on Asia-focused health policy, contemporary Japan, and the Asia-Pacific region, postdoctoral fellowships and visiting scholar positions with the Stanford Next Asia Policy Lab, and fellowships for experts on Southeast Asia.
APARC Invites Fall 2024 Asia Studies Fellowship Applications
Stanford Next Asia Policy Lab team members at Encina Hall, Stanford
News

New Stanford Next Asia Policy Lab to Tackle Emerging Challenges in Asia

Housed within the Walter H. Shorenstein Asia-Pacific Research Center, the lab will pioneer evidence-based policy research to help Asian nations forge pathways to a future characterized by social, cultural, economic, and political maturity and advance U.S.-Asia dialogue.
New Stanford Next Asia Policy Lab to Tackle Emerging Challenges in Asia
A pair of Kawasaki P-3, part of Japan's Maritime Self-Defense Force
Commentary

The Cost of the "Taiwan Contingency" and Japan's Preparedness

The ultimate choice that must be made.
The Cost of the "Taiwan Contingency" and Japan's Preparedness
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Stanford architectural columns in the Main Quad with text about APARC's Fall 2024 fellowships on contemporary Taiwan
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One postdoctoral fellow position and one visiting scholar position beginning in Autumn Quarter 2024 are available to scholars and professionals interested in interdisciplinary research on contemporary Taiwan.

Date Label
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Flyer for the seminar "Confronting South Korea's Next Crisis: Rigidities, Polarization, and Fear of Japanification" with a headshot of speaker Jaejoon Woo.

South Korea transformed its economy within three decades to emerge as an industrial powerhouse. Its influence has expanded into culture, with K-pop a global phenomenon. However, long before the pandemic and the current stagflation concern worldwide, the country's economy was sputtering and socioeconomic fractures were widening. Today Korea is facing challenges on multiple fronts that are radically different from those seen in the past. If the country pushes forward with bold structural reforms, it could regain its erstwhile momentum. The alternative, more likely by the day, is something more akin to "Eurosclerosis," or worse, Japanification. This talk addresses key current issues and foreseeable challenges of the economy in hopes of finding constructive ways forward.

About the Speaker:

Jaejoon Woo headshot

Jaejoon Woo is an Associate Professor of Economics (with tenure) at DePaul University, Chicago and the author of Confronting South Korea's Next Crisis (Oxford University Press, 2022). Previously, Professor Woo served as Chief Korea Economist at Bank of America Merrill Lynch (2015-2017), Senior Economist at the IMF, Washington DC (2009-2014), and Economist at the OECD, Paris (2000-2002, 2009). Research areas are growth and productivity, public debt and fiscal policy, political economy, inequality, Korea and EM Asia. He has published 4 books and 37 articles (in addition to 145 market-oriented research notes published at BAML). His papers have been published in major economics journals such as Review of Economics and Statistics, European Economic Review, Economica, Journal of Public Economics, Journal of Development Economics, Economic Inquiry, and IMF Economic Review. Some were featured in The Economist (London-based weekly magazine) and Financial Times. He also taught at Harvard, Helsinki School of Economics (Finland), and Sciences Po (France). He received his B.A. in Economics from Yonsei University, Seoul, and Ph.D. in Economics from Harvard University.

Directions and Parking

Jaejoon Woo, Associate Professor of Economics, DePaul University
Seminars
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Gi-Wook Shin
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This essay originally appeared in Korean on March 4 in Sindonga (New East Asia), Korea’s oldest monthly magazine (established 1931), as part of a monthly column, "Shin’s Reflections on Korea." Translated by Raymond Ha. A PDF version of this essay is also available to download. 

This winter, Koreans struggled with the bitter cold amidst a surge in heating costs. It has already been said many times, but climate change and the energy crisis are no longer abstract issues to be dealt with in the future. Northern California, where I live, was drenched and battered by intense storms this winter. The Midwest and the East Coast experienced brutal cold waves and heavy snow. Mount Washington in New Hampshire, close to the Canadian border, “recorded the coldest wind chill in the history of the United States” in early February at -108.4ºF.1 Europe was spared the worst due to an unusually warm winter, but the energy crisis sparked by the Russia-Ukraine War still poses a vexing challenge.

As the world emerges from the worst of the COVID-19 pandemic, it faces a series of interrelated challenges—climate change, wars, the energy crisis, inflation, Sino-U.S. tensions, a crisis of democracy, and a crisis of political leadership. Each one of these problems is formidable on its own, but they are inextricably bound together like a Gordian knot. It is hard to know where to begin. Untangling this knot will require not only cooperation between Washington and Beijing, but also broader multilateral coordination. Simply severing the knot is not a feasible solution. Reflecting this complex state of affairs, the theme of this year’s World Economic Forum at Davos, Switzerland was “Cooperation in a Fragmented World.”

 

The Yoon administration has put forth a vision of values-based diplomacy based on partnerships with liberal democracies, but it must also be more proactive in facilitating international cooperation on climate change and energy issues. There is no time to lose.
Gi-Wook Shin

Korea cannot afford to remain a bystander to climate change. Energy security is a critical issue for Seoul, as Korea is highly dependent on energy imports. Climate change and energy security are also at the heart of the United Nations’ emphasis on sustainability, and addressing them will require international cooperation based on coherent, consistent policies at the national level. It is encouraging to note that the Yoon Suk-Yeol administration has proclaimed carbon neutrality as a policy goal while also emphasizing Korea’s energy security. These issues transcend ideological divides and party lines. They are a matter of national survival. The Yoon administration has put forth a vision of values-based diplomacy based on partnerships with liberal democracies, but it must also be more proactive in facilitating international cooperation on climate change and energy issues. There is no time to lose, and Korea’s international stature demands that it play a greater role.

When It Rains on Greenland’s Glaciers

During a recent visit to a winery in Napa Valley, I asked the owner for his thoughts about the most serious threat or challenge that the winery would face in the next 20 to 30 years. I assumed he would mention fire, given the devastating fires the region has experienced in the past few years. Without any hesitation, however, he said it was climate change. Even a one-degree Celsius increase in the temperature would necessitate a substantial change in the variety of grapes he could grow. If current trends persist, he added, Oregon or Washington will become the center of wine production on the West Coast.

There are similar changes occurring in Europe. Grape-harvesting regions are gradually moving north, with one study concluding that the United Kingdom could have the best climate for grape production in 20 years.2 The UK currently has lower average temperatures and shorter summers than France or southern Europe, but this could change by 2040. According to Debbie Inglis, the director of the Cool Climate Oenology and Viticulture Institute in Canada, “a 2ºC global increase in temperature could remove 55% of wine growing regions worldwide and 4ºC could remove over 70% of these regions from production.”3

Coffee—beloved by many Koreans—will also be affected by climate change. A recent study by researchers at the University of Zürich reported that the regions suitable for coffee production “could be cut in half by 2050.”4 A study published by the National Academy of Sciences concluded that an increase in surface-level temperatures of 2ºC or greater could reduce coffee production in Latin America by up to 88%.5 In addition, the International Coffee Organization found that 70% of the land suitable for coffee production in Southeast Asia will disappear by 2050. Coffee beans, the most commonly traded item after oil, are presently cultivated in over 60 countries. If coffee production falls as a result of climate change, we may soon witness coffee rationing and even international disputes over coffee.

Climate change will disrupt every aspect of our daily lives, and the pace and intensity of this disruption only continues to grow. Fort Smith in Canada is located north of the 60th parallel and usually remains cool during the summer, but it reached nearly 104ºF in 2021, breaking an 80-year record.6 The Summit Station, located at the highest point of Greenland’s glaciers, saw rain for the first time in recorded history in August 2021.7 There were 97 tropical storms last year, including typhoons and hurricanes. Headlines about record flooding, unprecedented droughts, and extreme heatwaves are becoming a regular occurrence.

An annual global climate report published by the National Oceanic and Atmospheric Administration (NOAA) last year noted that atmospheric carbon dioxide levels in 2021 had reached the highest level “in at least the last million years.” Global surface temperatures were 0.21–0.28ºC higher than the 1991–2020 average, making 2021 one of the six warmest years since observation began in the 19th century. Moreover, 2015 to 2021 marked “the seven warmest years on record.”8 The latest research, utilizing artificial intelligence, concludes that temperatures will rise 1.5ºC above pre-industrial levels within the next 10 years even if action is taken to reduce emissions.9

In 2021, NOAA Administrator Rick Spinrad said at COP26 in Glasgow that the climate crisis “is not a challenge for future generations, but one we must confront today.”10 A few months later, he warned that “if we hope to have a prosperous society and economy tomorrow, it must begin with climate action and adaptation plans made today.”11 In his opening remarks to COP27 in Sharm El-Sheikh last November, UN Secretary-General António Guterres did not hold back. “We are on a highway to climate hell with our foot still on the accelerator,” he said, observing that “the deadly impacts of climate change are here and now.”12

A Global Energy Crisis

The energy problem is closely tied to climate change. Around 3 billion people, or 40% of the global population, still rely on wood, coal, charcoal, and animal waste for their energy needs. These materials are some of the main culprits of climate change, as they are responsible for approximately 60% of global greenhouse gas emissions. When the United Nations announced 17 sustainable development goals (SDGs) in 2015, the question of energy was discussed extensively. For instance, goal 7, “Affordable and clean energy,” notes that increasing the use of renewable energy and reducing greenhouse gas emissions will help address climate change and foster inclusive and sustainable communities.

 

International cooperation on clean and renewable energy is vital, but the Ukraine-Russia War has demonstrated how energy supplies can be weaponized for political purposes. This has exacerbated the energy crisis across the world.
Gi-Wook Shin

Despite such efforts, realizing this goal remains a distant prospect. International cooperation on clean and renewable energy is vital, but the Ukraine-Russia War has demonstrated how energy supplies can be weaponized for political purposes. This has exacerbated the energy crisis across the world. According to data from the European Commission, for instance, “in 2019 Europe relied on Russia for 41.1 percent of its gas imports, 46.7 percent of its solid fuels imports, and 26.9 percent of its crude oil imports.”13

In an October 2022 interview, Fatih Birol, the executive director of the International Energy Agency (IEA), noted that “in the 1970s, we had an oil crisis, but it was only oil. Now we have oil, natural gas, coal, [and] electricity.”14 The IEA was founded in 1974 by major energy consumers, including the United States, in response to price manipulation by oil producers in the Middle East. Its chief is now sounding the alarm about a wide-ranging energy crisis more serious than that of the 1970s.

Green Growth: The Lee Administration’s Lost Legacy

Korea experienced significant difficulties during the 1970s oil shock, even resorting to oil rationing. To this day, Korea’s economy suffers from a major vulnerability—it is completely dependent on oil and natural gas imports for its energy needs. Those in Korea should heed Birol’s warning. This summer, Koreans may have to deal with intense heat waves and a surge in electricity prices. If a conflict were to break out in East Asia, it could block the commercial sea lanes that are the lifeline of Korea’s economy. In such a scenario, Korea would be much more vulnerable than the EU is today following Russia’s invasion of Ukraine. It is vital to think ahead about how Korea can meet its energy requirements even if there is a geopolitical crisis in the region.

The Lee Myung-Bak administration (2008–13) was perhaps the first government to pay serious attention to climate change and the importance of the energy issue. Every administration has its successes and failures, but the Lee administration has not received due credit for its “green growth” agenda and its “resource diplomacy.” Worthy policy initiatives can run into errors as they are implemented, and such mistakes should be rectified. It is a great shame that the Lee administration’s policy vision on climate change and energy issues was not upheld by its successors. The Moon Jae-in administration even regarded resource diplomacy as a political target during its campaign to eradicate “deep-rooted evils.”15 In a welcome development, the current Yoon administration seems to be receptive to restoring the green growth agenda and resource diplomacy. That said, the question remains whether Korea could have done more on these issues in the past 10 years.

Green growth was at the heart of the Lee administration’s climate change policy. This is a concept that links and encompasses two issues: the green transition and economic growth. If a country seeks to achieve economic growth in a more environmentally friendly manner, this will give rise to new industries and technologies that are related to the environment and to the energy sector. To create jobs and find new sources of economic growth, the Lee administration sought to identify new industries and technologies with great economic potential and fuse them with existing industries. The Framework Act on Low Carbon, Green Growth was enacted in January 2010 as part of this effort.16 This law, commonly referred to as the “Green Growth Act,” was the first Korean law to address climate change. It provided the legal basis for setting emission reduction targets, and it catalyzed the Korean government’s response to climate change.

Furthermore, the Lee administration spurred international cooperation on these issues. For example, the Global Green Growth Institute (GGGI) was formed as a non-profit organization in Korea in June 2010. GGGI was then officially recognized as an international organization two years later, at the UN Conference on Sustainable Development in Rio de Janeiro. This institute, which has its headquarters in Seoul, is the first international organization that was created under Korea’s leadership. At COP21 in 2015, GGGI announced “the launch of the Inclusive Green Growth Partnership, a new collaboration with top multilateral development banks and United Nations regional economic and social commissions.”17 This partnership aimed to achieve “shared prosperity and equitable growth that creates employment and raises the income of the world’s poorest,” and “assist multilateral development banks and funds in identifying green growth opportunities and investments.”18 Major development banks, including the Asian Development Bank, the Inter-American Development Bank, and the African Development Bank, participated in this initiative.

Korea as a Resource-Poor Country

The Lee administration also expended great time and effort toward resource diplomacy. Korea is a resource-poor country, and its dependence on resource imports is the highest among OECD countries. Although it is a manufacturing powerhouse, Korea’s economy takes a hit whenever there is a spike in commodity prices. This is why the Lee administration—and its predecessors—sought to secure foreign resources. The Kim Dae-Jung administration (1998–2003) established a basic plan for developing overseas resources, and the Roh Moo-Hyun administration (2003–08) sought to grow Korea’s stake in mines in Mongolia and across Africa.19 However, the Lee administration was by far the most proactive on these issues. It worked through public sector companies to invest in and develop resources overseas. Recall, for example, that China has waged an aggressive campaign of its own to secure resources in Africa and Southern America.

Korea’s resource diplomacy fell behind in the 10 years following the Lee administration. According to the Ministry of Trade, Industry and Energy (MOTIE), there were 219 projects related to developing overseas mines in 2012. This number shrank to 94 in 2021.20 In many cases, the government’s stake in overseas mines was sold at a giveaway price. As mentioned above, these projects became the target of a political campaign under the Moon administration. By its very nature, resource diplomacy is a high-risk endeavor that seeks to achieve long-term strategic goals. As a resource-poor country, Korea has no choice but to assume this risk.

To date, only the negative elements of the Lee administration’s resource diplomacy have been highlighted by the press. However, there have been major successes. The Prelude floating liquefied natural gas (LNG) platform off the Australian coast is a good example. In 2012, the Korea Gas Corporation acquired a 10% stake in this project with an investment of $1.5 billion. It began production in 2019 and was in the red until 2020, but it began to turn a profit in 2021. LNG prices have skyrocketed due to Russia’s weaponization of fossil fuels, and Korea stands to benefit greatly from this investment.21

Resource nationalism is emerging once again around the globe. Korea must remember its position as a resource-poor country. Although investment in overseas resources should be spearheaded by the private sector, the government should do what it can to support these initiatives.
Gi-Wook Shin

Resource nationalism is emerging once again around the globe. Korea must remember its position as a resource-poor country. Although investment in overseas resources should be spearheaded by the private sector, the government should do what it can to support these initiatives with an eye toward achieving energy security. It is vital to maintain a long-term perspective, assuming appropriate risks when necessary. Once again, this is not a political nor an ideological issue.

Why Nuclear Energy Matters

“Sustainable development” and “ESG” (Environmental, Social, and Governance) are now widely known among the general public. The 70th Session of the UN General Assembly in 2015 adopted a resolution to achieve the SDGs by 2030. The SDGs articulate common goals for humanity as it seeks to achieve sustainable development for all. Under the slogan of “leave no one behind” and its five overarching themes of people, planet, prosperity, peace, and partnerships, the SDGs put forth 17 goals and 169 specific targets.22 Although the SDGs address broad issues, including poverty, food security, education, gender equality, socioeconomic inequality, and housing, they also propose specific goals for addressing these issues.

While stressing the need for highly developed countries, developing countries, and low-income countries to promote prosperity for all, the SDGs also call upon countries to protect the environment. To strengthen international cooperation on climate change, UN member states adopted the Paris Agreement at COP21 in December 2015. This agreement went into effect in November 2016. Under this accord, countries agreed to “substantially reduce global greenhouse gas emissions to limit the global temperature increase in this century to 2 degrees Celsius.”23 The Trump administration’s decision to withdraw from the agreement represented a setback. However, by April 2018, 175 countries had signed the agreement and ten developing countries had submitted their national adaptation plans for responding to climate change. COP27, held at Sharm El-Sheikh in 2022, added the question of “loss and damage” to its official agenda. There was also an agreement to “establish new funding arrangements, as well as a dedicated fund, to assist developing countries in responding to” damages resulting from climate disasters.24

Korea has been taking steps to align itself with these international developments. Though it was already far too late, Korea announced in October 2020 that it would achieve carbon neutrality by 2050. On September 24, 2021, it enacted the Framework Act on Carbon Neutrality and Green Growth for Coping with Climate Crisis.25 This act codified the goal of carbon neutrality by 2050 into law. Furthermore, it established the legal procedures for setting forth a national strategy, specifying medium- to long-term emission reduction targets, and formulating and monitoring the implementation of basic plans on addressing climate change. Specifically, the law codifies Korea’s nationally determined contribution (NDC) for greenhouse gas emission reduction as 35 percent relative to 2018 levels. This law went into effect on March 25, 2022, making Korea the 14th country to codify the goal of carbon neutrality by 2050 and establish a legal framework for relevant policy implementation. It took Korea 12 years to enact an enhanced version of the Framework Act on Low Carbon, Green Growth, which went into effect in April 2010.

Due to geographic factors, Korea cannot generate enough energy from renewable energy sources. Instead of phasing out nuclear power, Korea has to substantially increase its use of nuclear energy if it hopes to attain carbon neutrality.
Gi-Wook Shin

There is an important consideration on Korea’s journey toward carbon neutrality: nuclear energy. Although Korea should eventually phase out its nuclear power plants, carbon neutrality is virtually impossible without reliance on nuclear energy. Due to geographic factors, Korea cannot generate enough energy from renewable energy sources. Instead of phasing out nuclear power, Korea has to substantially increase its use of nuclear energy if it hopes to attain carbon neutrality.

Nonetheless, the Moon Jae-In administration abruptly pursued a nuclear phase-out policy for most of its term. It halted construction on nuclear power plants and prematurely shut down an operational power plant that had passed safety inspections. At the same time, it provided substantial subsidies for solar power installations. Shortly before leaving office, however, Moon stated on February 25, 2022, that Korea must “sufficiently utilize nuclear power plants as a major source of energy for the next 60 years.” He also urged relevant agencies to “take all necessary steps to hasten the operation” of four nuclear power plants whose construction had been delayed.26 In the end, Korea lost precious time due to incoherent and ill-advised policies.

The Yoon administration is right to proclaim carbon neutrality as a policy objective and emphasize the importance of energy security. It appears that the Russia-Ukraine War and global supply chain disruptions have influenced the administration’s thinking. At a June 2022 public hearing on the new administration’s energy policies, Director-General Cheon Yeong-Gil, the MOTIE official responsible for energy transition policy, stated that “it is becoming increasingly important to pursue both carbon neutrality and energy security, as Russia’s invasion of Ukraine is becoming protracted.”27 The United States, the United Kingdom, and other advanced economies are reconsidering the specifics of their energy policy, while maintaining the overarching goal of carbon neutrality. Korea must formulate a comprehensive policy that accounts for environmental concerns and energy security.

Fostering Scholarship and Leadership

Climate change and the energy crisis cannot and should not be addressed by governments alone. Academia and the private sector have important roles to play in convening groups of experts, calling upon citizens to act, and fostering international cooperation. Universities in the United States, Japan, and China are beginning to establish institutions that address climate change and energy issues. Prominent examples include Stanford’s Doerr School of Sustainability, which opened its doors last September; Tokyo University’s Center for Climate Solutions; and Tsinghua University’s Institute for Sustainable Development Goals. Several Korean universities, including Ewha Womans University and KAIST, have also taken steps in this direction. The government and the private sector should do everything they can to support these initiatives. Such institutions will prepare today’s youth to respond to the challenges posed by climate change and the energy crisis.

Korea’s companies must take a farsighted view in supporting institutions that discuss and address issues of global importance. Think tanks such as the Asan Institute for Policy Studies and the Chey Institute, both established with private support, are playing an active role in policy discussions. However, their budgets are relatively small, and they do not comprehensively engage with fundamental issues of global importance. It is hard to find Korean equivalents of the Gates Foundation or the Zuckerberg Initiative, in which a company’s founder donates a large part of their wealth toward addressing global issues—poverty, public health, education, climate change, and energy. While Samsung operates Samsung Global Research, it must do more to support research on long-term global issues in a way befitting of its status as a global company.

Moreover, Korea has Ban Ki-Moon, who oversaw the establishment of the SDGs during his tenure as UN secretary-general. He continues to actively engage with a variety of global issues abroad, but his experience and expertise are underappreciated at home. Korea can do more to play a leadership role on international issues, and climate change and energy issues present a valuable opportunity. Ban could play a meaningful role in advising, facilitating, or overseeing such efforts.

Last October, the Shorenstein Asia-Pacific Research Center partnered with the Ban Ki-Moon Foundation to launch the Trans-Pacific Sustainability Dialogue. This forum seeks to convene scientists, experts, and policy practitioners from across the Asia-Pacific for an annual discussion to identify avenues for cooperation and foster a new generation of leaders. The inaugural dialogue addressed climate change, and this year’s dialogue will be held in Seoul on the topic of energy security. It is my hope that Korea will host many such international conferences in the years to come, as a way for Korea to exercise leadership on the international stage.

Just Look Up!

A comet several miles wide is hurtling toward Earth. If nothing is done, humanity will go extinct. However, most people question or deny the existence of this comet. As the comet finally becomes visible in the sky, some begin to cry “just look up!” Anyone can look up and see the truth for themselves. Even so, others refuse to recognize this reality. They claim that this object is not a comet, and they shout “don’t look up” instead. This is the plot of the movie "Don’t Look Up," released in 2021.

The Earth will be destroyed in less than six months, but the wealthy collude with the powerful to profit from the impending extinction of humanity. They claim that the comet is full of valuable raw materials. Later on, they detonate the moon in an unsuccessful attempt to block the comet. As a means of last resort, they escape Earth to reach a faraway planet, where they die at the hands of the alien population. The vast majority of people on Earth have no choice but to hold each other’s hands and pray as they await their fate.

It cannot be emphasized enough: climate change and the energy crisis are beginning to disrupt our everyday lives in tangible ways. The truth is in front of our eyes, but we should question if we are telling ourselves to not look up. In addition, the movie reminds us of the dire consequences when politicians and the wealthy collude to pursue their narrow self-interest. There is not much time left to confront and respond to the crises that are unfolding in plain sight. Perhaps no one can undo the Gordian knot overnight, but we should—at the very least—just look up.


1 Amanda Pitts and Michael Bartiromo, “Mt. Washington Records Coldest Wind Chill in US History,” The Hill, February 6, 2023.

2 Alistair Nesbitt et al., “Climate Change Projections for UK Viticulture to 2040: A Focus on Improving Suitability for Pinot Noir,” OENO One 56, no. 3 (2022).

3 Clarissa Wei, “The Arctic Circle: A New Frontier for Sustainable Wine,” BBC Travel, September 1, 2022.

4 Roman Grüter, Tim Trachsel, Patrick Laube, and Isabel Jaisli, “Expected Global Suitability of Coffee, Cashew and Avocado Due to Climate Change,” PLOS ONE, January 26, 2022.

5 Justin Worland, “Your Morning Cup of Coffee Is in Danger. Can the Industry Adapt in Time?,” TIME, June 21, 2018.

6 Walter Strong, “Fort Smith Had Its Hottest Day in 80 Years: Preliminary Data,” CBC News, June 30, 2021.

7 Kasha Patel, “Rain Falls at the Summit of Greenland Ice Sheet for First Time on Record,” Washington Post, August 19, 2021, https://www.washingtonpost.com/weather/2021/08/19/greenland-melt-august….

8 National Oceanic and Atmospheric Administration, “BAMS Report: Record-High Greenhouse Gases, Sea Levels in 2021,” August 31, 2022.

9 Josie Garthwaite, “Earth Likely to Cross Critical Climate Thresholds Even if Emissions Decline, Stanford Study Finds,” Stanford University, January 30, 2023.

10 National Oceanic and Atmospheric Administration, “Dr. Rick Spinrad on COP26: Climate Crisis Not a Challenge for Future, but ‘One We Must Confront Today’,” November 1, 2021.

11 National Oceanic and Atmospheric Administration, “Statement from NOAA Administrator Dr. Rick Spinrad on the IPCC Climate Change 2022 Impacts Report,” February 28, 2022.

12 United Nations, “Secretary-General’s Remarks to High-Level Opening of COP27,” November 7, 2022.

13 Giulia Carbonaro, “EU has Paid Russia $16 Billion for Fossil Fuels Since Ukraine War Started,” Newsweek, March 18, 2022.

14 Sandor Zsiros and Jorge Liboreiro, “‘Russia Will Lose the Energy Battle,’ Says IEA Chief Fatih Birol,” Euronews, October 29, 2022.

15 Gi-Wook Shin, “In Troubled Waters: South Korea’s Democracy in Crisis,” Shorenstein APARC, May 3, 2022.

16 An English translation of the law by the Korea Legislation Research Institute is available at “Framework Act on Low Carbon, Green Growth,” Korea Law Translation Center.

17 Global Green Growth Institute, “New Global Initiative Launches at COP21 to Boost Green Growth Financing,” December 7, 2015.

18 Global Green Growth Institute, “New Global Initiative Launches.”

19 Kim Boo-Mi, “As the Global Resource Wars Resume, Will Korea Resume Resource Diplomacy?” [in Korean], Elec Times, February 19, 2022.

20 Jeong Ui-Jin, “The Government is Selling Overseas Mines” [in Korean], Korea Economic Daily, January 17, 2022.

21 Jeon Joon-Beom, “The Lee Administration’s Investment Pays Off Amidst LNG Crisis” [in Korean], Chosun BIZ, August 24, 2022.

22 A detailed overview of the SDGs can be found at “The 17 Goals,” United Nations Department of Social and Economic Affairs, Sustainable Development.

23 United Nations, “The Paris Agreement.”

24 United Nations Climate Change, “COP27 Reaches Breakthrough Agreement on New ‘Loss and Damage’ Fund for Vulnerable Countries,” November 20, 2022.

25 For an English translation of the law by the Korea Legislation Research Institute, see “Framework Act on Carbon Neutrality and Green Growth for Coping With Climate Crisis,” Korea Law Translation Center.

26 Im Hyung-Seop, “President Moon Convenes Meeting on Energy Supply” [in Korean], Yonhap News, February 25, 2022.

27 Jeong Sang-Pil, “New Administration’s Energy Policy to Focus on Security and Carbon Neutrality” [in Korean], Energy Platform News, June 21, 2022.

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This commentary originally appeared in Nikkei Asia.



An economic response toward China will be a leading agenda item for the Group of Seven major economies this year, Michael Beeman, who served as assistant U.S. trade representative for Japan, South Korea and APEC affairs until January, told Nikkei.

"It is important to agree on the most pressing issues, which will send a message to the rest of the world," said Beeman, now a visiting scholar at Stanford University. The U.S. is urging European nations and Japan to align with export restrictions of advanced semiconductors. "The G-7 is the best forum for discussion," said Beeman, who stressed member nations should work together to address export curbs and other measures.

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Michael Beeman

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