Economic Affairs
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This essay is about the pivotal role cities play in the current pattern of social, cultural, and political change in East Asia. Its starting premise is that the postwar era of nation state building and state-led change is ending and a different era - one that centers on global capitalism and new technological capacities - has been steadily emerging in the region over the last several decades. At the vortex of these new forces we find big, successful cities. In such cities, the forces of capitalism, cultural cosmopolitanism, and new technologies combine critically in a turbulent and heady new mix. As a result, while the effectiveness of state initiatives decreases, and government is under pressure to reform, privatize, and decentralize, the dynamic (and typically coastal) cities of East Asia are the center of powerful economic and cultural forces for change, and the source of alternative political agendas. Simultaneously, due to their rapid expansion, these cities have also become the locus of giant new problems for public management.

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Shorenstein APARC
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Professor Ho-Jin Kim, former Chairman of the Presidential Tripartite Commission for Labor, Management and Government, and former Minister of Labor in South Korea, will present a talk on overcoming economic crisis and reform policies in South Korea. He will specifically address Korea's labor and management issues, four major reforms that began after the country's financial crisis in late 1997, and strategies to strengthen national competitiveness and overcome unemployment.

Encina Hall, Central Wing, third floor, Philippines Conference Room

Ho-Jin Kim Professor Speaker Korea University
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In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. Combining financial theory with new data and original case studies, they show why the Japanese financial system developed as it did and how its history affects its ongoing evolution.

The authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving. Throughout, they focus on four questions: How do households hold their savings? How is business financing provided? What range of services do banks provide? And what is the nature and extent of bank involvement in the management of firms? The answers provide a framework for analyzing the history of the past 150 years, as well as implications of the just-completed reforms known as the "Japanese Big Bang."

Hoshi and Kashyap show that the largely successful era of bank dominance in postwar Japan is over, largely because deregulation has exposed the banks to competition from capital markets and foreign competitors. The banks are destined to shrink as households change their savings patterns and their customers continue to migrate to new funding sources. Securities markets are set to re-emerge as central to corporate finance and governance.


"This book is a fascinating analysis of the past, present, and future of the Japanese financial system. It sheds a great deal of light on Japan's current troubles and their potential solution." 

-Ben S. Bernanke, Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs, Princeton University

 

"Hoshi and Kashyap crystallize much of their high-quality research in this book. Corporate Financing and Government in Japan tells of the rise and fall of banking dominance over Japanese corporations with historical accounts, economic theory, and summaries of empirical analysis. The book will be an authoritative read for a wide-ranging audience, including college students, MBA students, and scholars in the field." 

-Takatoshi Ito, Professor, Hitotsubashi University

 

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The MIT Press
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Takeo Hoshi
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Relations between North and South Korea have been one of the most important and vexing topics in Asia for over fifty years. The historic June 2000 summit meeting between North Korean leader Kim Jong Il and the South's Kim Dae Jung seemed to mark the first real progress in relations in many years, and set off a search for realistic ways to solidify the nascent cooperation between the two. All at once, formulating a sensible strategy for economic cooperation between North and South became an urgent policy issue rather than an abstract intellectual exercise.

In October 2000, Shorenstein APARC - together with the Center for Asia-Pacific Studies at Kyung Hee University and South Korea's Joongang Ilbo newspaper - sponsored a conference to address the economic, political, and social rapprochement between the Koreas. During the two-day event, participants from government and academia debated strategies for successful inter-Korean economic cooperation and integration in light of the evolving political situation on the peninsula. Beginning with analyses of economic conditions in both Koreas, participants considered lessons that North Korea might learn from reform now under way in China and Vietnam. The feasibility of a North Korean "soft landing" - through economic cooperation with South Korea and the international community - was also discussed in detail.

Based on these preliminary findings, the gathering formulated general directions for inter-Korean cooperation and identified priority areas in specific sectors, including agriculture, manufacturing, energy, and physical infrastructure. Future policies were suggested, for North and South Korea, for the United States, and for the international community.

From the thoughtful keynote address given by former U.S. secretary of defense William J. Perry to the provocative remarks delivered by a host of distinguished international officials and scholars, To the Brink of Peace is a frank assessment of the potential for integration on the Korean peninsula.

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Shorenstein APARC
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Henry S. Rowen
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1-931368-02-3
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Four months into Megawati Sukarnoputri's presidency, many of the same ills continue to plague Indonesia Ð economic and legal reforms are at a standstill, corruption is rampant and Indonesia's 220 million still lack the democratic freedoms promised when Suharto stepped down three years ago. Home to the world's largest Muslim population, Indonesia, as much as or more than Pakistan, is subject to serious destablization in light of the events of September 11th and October 7th. Please join us for a timely and informative briefing on the current political, economic and social situation in Indonesia today.

Indonesian poet, essayist and journalist Goenawan Mohamad is the former editor of Tempo, the weekly news magazine once banned by Suharto because of its penetrating articles and expos?s. He has long been known for his reasoned, articulate criticism of government policies and as an advocate of democracy and free speech in Indonesia. He has spent the last semester as a Visiting Fellow at UCLA. Donald Emmerson is a leading authority on the politics and international relations of Southeast Asia, with particular concentration on Indonesia. He is currently a senior fellow in Stanford University's Institute for International Studies, where he also heads the Asia/Pacific Research Center's Southeast Asia Forum. Prior to this, Dr. Emmerson was a professor in the University of Wisconsin-Madison's Department of Political Science. In June 1999, he helped monitor the Indonesian election for the National Democratic Institute and the Carter Center.

World Affairs Council, 312 Sutter Street, 2nd Floor, San Francisco

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Senior Fellow Emeritus at the Freeman Spogli Institute for International Studies
Affiliated Faculty, CDDRL
Affiliated Scholar, Abbasi Program in Islamic Studies
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At Stanford, in addition to his work for the Southeast Asia Program and his affiliations with CDDRL and the Abbasi Program in Islamic Studies, Donald Emmerson has taught courses on Southeast Asia in East Asian Studies, International Policy Studies, and Political Science. He is active as an analyst of current policy issues involving Asia. In 2010 the National Bureau of Asian Research and the Woodrow Wilson International Center for Scholars awarded him a two-year Research Associateship given to “top scholars from across the United States” who “have successfully bridged the gap between the academy and policy.”

Emmerson’s research interests include Southeast Asia-China-US relations, the South China Sea, and the future of ASEAN. His publications, authored or edited, span more than a dozen books and monographs and some 200 articles, chapters, and shorter pieces.  Recent writings include The Deer and the Dragon: Southeast Asia and China in the 21st Century (ed., 2020); “‘No Sole Control’ in the South China Sea,” in Asia Policy  (2019); ASEAN @ 50, Southeast Asia @ Risk: What Should Be Done? (ed., 2018); “Singapore and Goliath?,” in Journal of Democracy (2018); “Mapping ASEAN’s Futures,” in Contemporary Southeast Asia (2017); and “ASEAN Between China and America: Is It Time to Try Horsing the Cow?,” in Trans-Regional and –National Studies of Southeast Asia (2017).

Earlier work includes “Sunnylands or Rancho Mirage? ASEAN and the South China Sea,” in YaleGlobal (2016); “The Spectrum of Comparisons: A Discussion,” in Pacific Affairs (2014); “Facts, Minds, and Formats: Scholarship and Political Change in Indonesia” in Indonesian Studies: The State of the Field (2013); “Is Indonesia Rising? It Depends” in Indonesia Rising (2012); “Southeast Asia: Minding the Gap between Democracy and Governance,” in Journal of Democracy (April 2012); “The Problem and Promise of Focality in World Affairs,” in Strategic Review (August 2011); An American Place at an Asian Table? Regionalism and Its Reasons (2011); Asian Regionalism and US Policy: The Case for Creative Adaptation (2010); “The Useful Diversity of ‘Islamism’” and “Islamism: Pros, Cons, and Contexts” in Islamism: Conflicting Perspectives on Political Islam (2009); “Crisis and Consensus: America and ASEAN in a New Global Context” in Refreshing U.S.-Thai Relations (2009); and Hard Choices: Security, Democracy, and Regionalism in Southeast Asia (edited, 2008).

Prior to moving to Stanford in 1999, Emmerson was a professor of political science at the University of Wisconsin-Madison, where he won a campus-wide teaching award. That same year he helped monitor voting in Indonesia and East Timor for the National Democratic Institute and the Carter Center. In the course of his career, he has taken part in numerous policy-related working groups focused on topics related to Southeast Asia; has testified before House and Senate committees on Asian affairs; and been a regular at gatherings such as the Asia Pacific Roundtable (Kuala Lumpur), the Bali Democracy Forum (Nusa Dua), and the Shangri-La Dialogue (Singapore). Places where he has held various visiting fellowships, including the Institute for Advanced Study and the Woodrow Wilson International Center for Scholars. 



Emmerson has a Ph.D. in political science from Yale and a BA in international affairs from Princeton. He is fluent in Indonesian, was fluent in French, and has lectured and written in both languages. He has lesser competence in Dutch, Javanese, and Russian. A former slam poet in English, he enjoys the spoken word and reads occasionally under a nom de plume with the Not Yet Dead Poets Society in Redwood City, CA. He and his wife Carolyn met in high school in Lebanon. They have two children. He was born in Tokyo, the son of U.S. Foreign Service Officer John K. Emmerson, who wrote the Japanese Thread among other books.

Selected Multimedia

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Donald K. Emmerson Panelist
Goenawan Mohamad Journalist, poet and former Editor of Tempo Magazine Panelist
Workshops
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This program is free and open to the public. Lunch will be provided for those who RSVP before noon on Wednesday, November 14 to Okky Choi. Tel: (650) 724-8271 or Email: okkychoi@stanford.edu

Encina Hall, Central Wing, third floor, Philippines Conference Room

David Kang Professor, Goverment Department Speaker Tuck School of Business, Dartmouth College
Seminars
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In his first public appearance at Stanford University since being elected governor, Stanford graduate Gray Davis gave a speech on Asia-California ties. The address inaugurated the Walter H. Shorenstein Forum on Asia/Pacific Studies at Stanford University's Asia/Pacific Research Center.

Dinkelspiel Auditorium

Gray Davis California Governor Speaker
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A one-day conference organized by Shorenstein APARC brought together 110 distinguished participants from India, the United States, Israel, Taiwan, Europe, and Latin America. The program's objective was to inform and educate India's IT policymakers and practitioners on India's enabling environment with respect to regulation, governance, access to capital, and technological capabilities. The proceedings of this conference are available as an Shorenstein APARC publication, prepared by Dr. Rafiq Dossani.

Stauffer Auditorium
Hoover Institution
Stanford University

Conferences
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All-day conference on Japanese institutional reform sponsored by the Asia/Pacific Research Center, Stanford University.

  • Changes in the Political System
    Speaker: Mr. Yasuhisa Shiozaki, Member of the Japanese House of Councilors and former Vice Minister of Finance, Tokyo
    Commentator: Prof. Daniel Okimoto, Professor of Political Science, Stanford University
  • Changes in the Bureaucracy
    Speaker: Mr. Ryozo Hayashi, Deputy Director of the Bureau of Information and Machin- ery Industry, Tokyo
    Commentator: Prof. Hugh Patrick, Professor of International Business, Columbia Univer- sity, New York
  • Changes in Business
    Speaker: Mr. Taizo Nishimuro, CEO & President of Toshiba, Tokyo
    Commentators: Mr. James Abegglen, Chairman, Asia Advisory Services, Tokyo. Mr. Hiroaki Yoshihara, Senior Partner at KPMG, Mountain View, California
  • Panel Discussion on the Institutional Changes
    Prof. Hugh Patrick, Professor of International Business, Columbia University
    Prof. Tadao Kagono, Dean of the Graduate School of Business, Kobe University
    Prof. Harry Rowen, Director, Asia/Pacific Research Center, Stanford University
    Mr. Katsuhiro Nakagawa, Executive Adviser, The Tokyo Marine and Fire Insurance Co. and Former Vice Minister of MITI, Tokyo
    Mr. Dan Sneider, National/Foreign Editor, San Jose Mercury News, San Jose, CA

Bechtel Conference Center

Conferences
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