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What does it take to get ahead when college admission rules change? Who has the resources to anticipate risks and adapt, and who is left responding after opportunities have already slipped away?

These questions lie at the heart of Ruo-Fan Liu’s research. As APARC's Taiwan Program postdoctoral fellow 2024-2026 – the first scholar to serve in this role since the program’s launch two years ago – Liu examines how young people navigate educational transitions in Taiwan's college admissions landscape, which has shifted from an exam-centered system to holistic screening in recruiting elites. Her work shows that inequality is not simply a matter of who succeeds or fails, but of who can mobilize support early enough to stay ahead of unexpected challenges.

We spoke with Liu about her work and fellowship experience at APARC. The following interview has been lightly edited for length and clarity.


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Could you describe your research briefly?

My dissertation examines how young people navigate contingency in college admissions: what kinds of support they seek, how they mobilize resources, and how these processes shape postsecondary transitions. I situate this puzzle in Taiwan, where the state has implemented admissions reforms intended to level the playing field, including holistic admissions, school-based nominations, and test-optional and dossier-based application routes. Although these reforms open new opportunities, they also introduce different forms of uncertainty into students' college pathways.

Middle-class students preserve class privilege not because they avoid setbacks or always get what they want, but because they anticipate risks early and coordinate familial and school support before risks become failures.

As a sociologist, I care deeply about how people exercise agency under different forms of constraint and opportunity. In asking why class reproduction persists amid contingency and uncertainty, I find that middle-class students preserve class privilege not because they avoid setbacks or always get what they want, but because they anticipate risks early and coordinate familial and school support before risks become failures. I call this process “anticipatory coordination.” By contrast, working-class students are more often reactive mobilizers, seeking help after problems have already crystallized into adverse outcomes. This temporal dimension – who can act early enough to get ahead – shapes who can get around unexpected hurdles.

I use a wide range of methods, but ethnography remains my favorite method. Talking with people, reading social cues, and capturing unspoken assumptions are the moments I have found most meaningful in the research process.

What challenges have you encountered in researching this topic?

One of the major challenges I have encountered is the scarcity of Taiwan-based cases published in general sociology journals. Sociology remains highly U.S.-centered and theoretically demanding, which makes publication difficult, especially during peer review.

As a Taiwan-focused researcher, I am still learning how to make the case for the broader significance of this work in different publication outlets: how to frame Taiwan’s relevance, address concerns about generalizability, and explain empirical evidence in depth without creating unnecessary confusion.

That is why I cherish APARC and FSI as my institutional home at Stanford, where faculty members and mentors value international work and underrepresented cases and support researchers throughout the process.

Tell us about your work at the Stanford Next Asia Policy Lab (SNAPL).
 
At SNAPL, I co-led a project with Professor Gi-Wook Shin that examines how migrant scholars and transnational elites institutionalize cross-border exchange, negotiate with state officials and other key brokers, and produce knowledge across multiple languages.

Since 2024, our team has collected network, interview, archival, and organizational data, working with two postdoctoral fellows and two research assistants. The project has generated several papers in progress. In the first paper, we find that migrant scholars play crucial intermediary roles in facilitating cross-border exchange, a mechanism we call the “transnational pipeline,” which extends beyond individuals’ sporadic efforts. In the second paper, we turn our teamwork into a methodological technique for studying transnational elites.

We are currently comparing Taiwan’s and Korea’s funding infrastructures and developing a comparative model that contrasts “state sponsorship” and “state capitalism” to explain how states extend their power beyond national borders.

How has your time at APARC supported your research and professional development?

Stanford has helped me become a more collaborative scholar.

My first cultural shock was Stanford’s lab culture, where scholars often do not work alone but make decisions together as a team. I also learned how closely people back each other up. In many moments when I needed help or had to step away from a project briefly, someone was there to take over and support the work.

I learned from this culture and have applied it to my own team-leading skills in other collaborative projects. I learned how to divide labor across different team compositions, recognize collaborators’ strengths and weaknesses as scholars, support a team, secure funding for future research, and resolve tensions across different writing styles.

What advice would you give to prospective APARC postdoctoral scholars?
 
Many young scholars spend a lot of time chasing trends. The current job market exacerbates this dynamic, because there are fewer available positions. Trendy research can be valuable, but it may become outdated by the time scholars enter the job market.

I am not saying we should ignore research trends. Rather, I believe an academic journey should be your own path: developing the skills you want to invest in, cultivating the networks you are part of, and taking time to work through the puzzle you cannot let go of. In short, take your time to develop your expertise, fields, and intellectual craft.

At the same time, be strategic about your time as you approach graduation. Manage reviewing commitments, submission timelines, writing schedules, and publication timing carefully so that you have more tools when you begin a faculty position. And enjoy this transition, because once you are on the tenure track, the clock starts ticking again, and you may no longer have the same freedom you had as a doctoral candidate.

To put it simply: take your time during graduate training, be a strategic planner about timing when you are on the market, and protect your time once you become a junior faculty member.

What’s next for you?
 
I will join National Chengchi University, a leading research-intensive university in Taipei, Taiwan, as an assistant professor of sociology.

I will continue collaborating with APARC and SNAPL at Stanford while also bringing my three international research collaborations to NCCU: First-Generation Students in the United States, Organizational Change and College Admissions Under Changing Ranking Systems, and Stanford’s Transnational Project. I hope to involve my future students in these projects so that they can gain valuable experience in collaborative research.

I am excited to apply for my own grants, teach courses in the sociology of education, and cultivate a new generation of Taiwanese scholars. Please stay tuned to my personal website, and feel free to reach out if you are interested in any of these research themes.

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APARC Names 2026-2028 Incoming Fellows

Seven scholars researching diverse topics across contemporary Asian studies will join the APARC community starting this summer.
APARC Names 2026-2028 Incoming Fellows
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How Cities Are Rewriting Global Climate Governance

Political scientist Gaea Morales, APARC’s 2025-26 Shorenstein postdoctoral fellow on contemporary Asia, studies questions at the nexus of global policy and local action and how Southeast Asian megacities build climate resilience by drawing on local knowledge and global networks to drive change from the ground up, even in the absence of central government support.
How Cities Are Rewriting Global Climate Governance
Panelists at APARC's Visions of Taiwan's Future conference. [Photo Credit: Ken Hamel]
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Taiwan’s Quest for a Resilient Future and Enduring Innovation Edge Amid Global Turbulence

Taiwan is emerging as a testing ground for the defining tensions of our time: democratic fragility, artificial intelligence, technological competition, platform governance, and cultural identity. At a recent Stanford conference, scholars, technologists, and filmmakers explored how these pressures are converging in Taiwan, positioning the island not simply as a geopolitical flashpoint but as a society navigating rapid political, economic, and cultural transformation in real time.
Taiwan’s Quest for a Resilient Future and Enduring Innovation Edge Amid Global Turbulence
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Ruo-Fan Liu, APARC’s inaugural Taiwan Program postdoctoral fellow, examines how students navigate uncertainty in college admissions and educational transitions. Drawing on ethnographic research in Taiwan, she reveals how families and schools shape young people's opportunities and how inequality persists even amid efforts to expand access.

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For Pita Limjaroenrat, Thailand’s liberal icon and “almost prime minister,” the experience of being banned from politics following his decisive 2023 general election win has only strengthened the calling to fight for democracy in his country.

Thailand’s distinctive power structure – an entrenched alliance among the monarchy, the military, and economic monopolies – has repeatedly undermined and dismantled democratic forces’ attempts to challenge the dominance of unelected institutions. “This is a systematic issue that if I don't stand up for, then it's going to happen to my daughter's generation and my granddaughter's generation,” Pita says.

Joining APARC Director Kiyoteru Tsutsui on the latest episode of the APARC Briefing video series, Pita reflects on his journey, shares lessons in leadership and resilience, and discusses the forward-looking vision that continues to define his commitment to contribute to the conversation on Thailand’s future.

The APARC Briefing interview followed a fireside chat with Pita, Thailand at a Crossroads, hosted by APARC’s Southeast Asia Program, where he examined Thai politics and Southeast Asian regional dynamics.


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A pathway to power is always there as long as you still have that fire in you and people give you the mandate.
Pita Limjaroenrat

The People’s Mandate

 

In May 2023, Pita led the Move Forward Party (MFP) to win the most seats in Thailand’s general election on a platform of progressive reform. He was poised to lead the country, but a court injunction and parliamentary maneuvering halted his path to the prime ministership. In August 2024, the Thai Constitutional Court disbanded the MFP and banned Pita from politics for ten years. He may still face a lifetime ban. Rather than retreating, however, Pita has reframed his political setback as a summons to a larger mission.

To compartmentalize, find purpose in adversity, and manage anxiety, Pita proactively maps out worst-case scenarios, he revealed. “Once I have that down on paper, I stop worrying,” he said. Having anticipated the possibility of being blocked from power, the event, when it happened, was not a personal shock but the activation of a pre-analyzed outcome. This mindset allows him to see his ban from office as a reversible obstacle in a long-term struggle, citing the comebacks of leaders like Brazil’s President Lula da Silva. 

Politics is a ball that could turn either way, Pita believes. “If there's enough mandate, if there's enough calling from the people that they want me to govern and they want me to run again, whatever legal procedure that is done to me can be reversed. A pathway to power is always there as long as you still have that fire in you and people give you the mandate,” he argues.

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Pita Limjaroenrat and Kiyoteru Tsutsui in conversation.

 

The Art of the Middle Way

 

Pita’s leadership philosophy is rooted in a life spent bridging divides. Describing himself as a “jack of all trades,” he recalled how, as a child, he moved easily between being a bookworm and taking on leadership roles in school and basketball. He traces this identity back to his upbringing, which included a middle-class childhood in Bangkok, formative years at an all-boys school in rural New Zealand, and an education and professional experiences in both the public and private sectors, with degrees earned from Harvard’s Kennedy School and MIT’s Sloan School of Management.

“That became who I am,” he stated, outlining his unique proposition to Thai voters. “Someone who understands international markets and rural areas. Someone who's middle class, who understands people who are well off and people who are struggling [...] Someone who understands both the private side and public side because he prepared himself that way.”

This dual expertise, he argued, is crucial for effective governance. He noted the fundamental difference in objectives between the two sectors. “The goal of public service is service. The goal of the private sector is profitability,” he said. “Just because you're a successful businessman doesn't make you a successful politician.”

He recounted how his political calling was ignited in the wake of the 2004 Indian Ocean tsunami, when, as a management consultant, he worked on a tourism recovery strategy for Thailand. The intellectual challenge of balancing complex public needs, like national energy security, sparked a passion that private-sector work couldn't match.

Always follow your heart, but take your brain with you.
Pita Limjaroenrat

From Campaign to Campus

 

Now a Senior Democracy Fellow at Harvard Kennedy School, Pita channels his experiences into mentoring a new generation of leaders. He teaches a class on running for public office in developing countries, hosts workshops, and holds “private office hours” for students committed to entering public service, helping them craft their first campaign strategies. It is a way of “turning reality into a textbook” for others.

He also remains a keen observer of global affairs, characterizing the current U.S.-China relationship as a “managed rivalry” or “competitive coexistence,” where deep distrust is checked by the understanding that a full-fledged decoupling would be “economic suicide” for both sides. He sees Southeast Asia as a central and crucial bloc of “swing states” that must leverage its position to determine its own future without being forced to choose sides in the competition between the world’s two greatest powers.

When asked for his message to young people, Pita’s advice is a blend of passion and pragmatism. “Always follow your heart, but take your brain with you,” he urged. For those with aspirations to tackle the world’s crises and pressing social challenges, he stressed the importance of pairing that fire with a concrete plan.

“It's up to you whether you find your North Star, improve your skills to have a plan to get there,” he concluded.

Pita clearly articulates what he wants: a more just and democratic Thailand. Even from outside the halls of political power, he is methodically working on his plan to get there. “I can wait for my time, and I will come back stronger, more vigorous, more capable, and more relevant.”

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Pita Limjaroenrat speaks at a fireside chat hosted by APARC's Southeast Asia Program.
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Pita Limjaroenrat Strategizes a Path Forward for Thailand

Banned from political office but unbowed, the Thai pro-democracy leader revisited Stanford to analyze the recent electoral defeat of his progressive party, weigh in on regional tensions in Southeast Asia and Thailand’s geopolitical balancing act, and consider the prospects for the country’s future and his political comeback.
Pita Limjaroenrat Strategizes a Path Forward for Thailand
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Weaponized Corruption, Extreme Wealth, and Democratic Reordering: Insights from Asia

Speaking on the APARC Briefing video series, University of Chicago sociologist Kimberly Kay Hoang examines the architecture of global capital and how corruption discourse is transforming governance and political order in Asia and the United States.
Weaponized Corruption, Extreme Wealth, and Democratic Reordering: Insights from Asia
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Singapore-Based Investigative Journalist Shibani Mahtani Wins 2026 Shorenstein Journalism Award for Excellence in Asia-Pacific Coverage

Sponsored by Stanford University’s Shorenstein Asia-Pacific Research Center, the 25th annual Shorenstein Journalism Award honors Mahtani for her exemplary investigations into the erosion of democracy in Hong Kong and China's growing global influence.
Singapore-Based Investigative Journalist Shibani Mahtani Wins 2026 Shorenstein Journalism Award for Excellence in Asia-Pacific Coverage
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Speaking on the latest episode of the APARC Briefing series, the Thai democracy champion opens up about his upbringing, offers insights from his newfound role in social activism, and shares why he continues to hold hope for reform in Thailand.

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Event flyer for March 30 Shorenstein Asia-Pacific Research Center event "When Children Stop Going to School in Japan: Rethinking Compulsory Education and the Role of Journalism", featuring a headshot photo of speaker Yuko Murase


In this roundtable, Yuko Murase, a Fulbright Visiting Scholar at the Shorenstein Asia-Pacific Research Center (APARC) and a journalist at The Mainichi, one of Japan’s leading national newspapers, will share insights from more than 15 years of reporting on education in Japan.

Her reporting has covered issues such as school nonattendance (futoko), bullying, school consolidation in depopulating regions, and the growing demand for diverse educational options. In recent years, the number of children classified as futoko has reached record highs in Japan. At the same time, alternative “free schools” have drawn increasing attention, raising important questions about compulsory education, equity, and parental choice.

Murase will introduce these debates and reflect on how definitions of school nonattendance differ between Japan and the United States. The conversation will also touch on broader challenges facing journalism in Japan, including the impact of digital media on local reporting and public discourse.

Katherine (Kemy) Monahan, Visiting Scholar at APARC and U.S. diplomat, will join the discussion, offering comparative and policy perspectives.

Rather than a formal lecture, the session is designed as an open conversation, inviting participants to share their perspectives and reflect on how similar issues are addressed in different contexts.

Refreshments will be served on a first-come, first-served basis.
 

Speaker

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Headshot of visiting scholar Yuko Murase

Yuko Murase is a Fulbright Visiting Scholar at the Shorenstein Asia-Pacific Research Center (APARC) for the fall and winter quarters of the 2025–2026 academic year. She is a journalist with more than 15 years of experience at The Mainichi Shimbun, one of Japan’s leading national newspapers, which also operates an English-language news site. Murase received the Fulbright Scholar Award in Journalism in 2025, becoming the only Japanese journalist selected that year.

Under the Fulbright program, Murase conducts comparative research at APARC on educational systems and practices in the United States and Japan. Drawing on her reporting on education in Japan, including “Preference for ‘Free Schools’ over Compulsory Education Stirs Controversy in Japan,” she examines diverse educational models in the United States — such as charter schools, homeschooling, and innovative learning initiatives in Silicon Valley — and their implications for expanding educational opportunities in Japan. Her work also aims to contribute to ongoing conversations about education in both countries.

Murase has written extensively in both English and Japanese, with a focus on education, social issues, and culture. Her reporting includes school nonattendance (futoko), bullying, school consolidation in depopulating regions, and the growing demand for more educational options in Japan. She was among the journalists who reported on the case of a 13-year-old student who died by suicide in Shiga Prefecture, which drew national attention and led to the enactment of Japan’s Anti-Bullying Act (2013). Her investigative series on harassment within a fire department in Shiga Prefecture during and after the COVID-19 pandemic received the 19th Hikita Keiichiro Award (2025) from the Japan Federation of Newspaper Workers’ Unions, which honors journalism that protects human rights and promotes trust in the press.

Having spent many years reporting in Shiga Prefecture near Kyoto, Murase developed a deep appreciation for local journalism and a strong interest in its future in the digital age. Her work reflects a belief that investigating local issues can yield lessons of global relevance.

Murase has also covered major international events, including the historic visit of President Barack Obama to Hiroshima, and interviewed filmmaker Oliver Stone during his first visit to Hiroshima. She has reported on global perspectives on the legacy of the atomic bombings and nuclear weapons.

Her interest in education has been shaped by studying in several countries. After graduating from high school in Australia, she earned a BA in International Relations from Ritsumeikan University in Kyoto. While there, she studied journalism at Rutgers University in the United States and sociology at the University of the Philippines as an exchange student. She was selected for the Japanese University Student Delegation to Korea by the Japan–Korea Cultural Foundation (2004).

 

Moderator

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Headshot of Japan Program Fellow Katherine (Kemy) Monahan

Katherine (Kemy) Monahan joins the Walter H. Shorenstein Asia-Pacific Research Center (APARC) as a visiting scholar, Japan Program Fellow, for the 2025-2026 academic year. Ms. Monahan has completed 16 assignments on four continents in her 30 years as a Foreign Service Officer with the U.S. Department of State.  She recently returned from Tokyo, where she was Deputy Chief of Mission at the U.S. Embassy in Japan, following roles as Charge d’affaires for Papua New Guinea, Solomon Islands, and Vanuatu, and Deputy Chief of Mission to New Zealand, Samoa, Cook Islands, and Niue.  She was Director for East Asia at the National Security Council from 2022 to 2023.  Previously, she worked for the U.S. Department of Treasury in Tokyo, as Economic, Trade and Labor Counselor in Mexico City, Privatization lead in Warsaw after the fall of the Berlin Wall, Advisor to the World Bank, and Deputy Executive Director of the Secretary of State’s Global Health Initiative, among other roles.  As lead of UNICEF’s International Financial Institutions office, Ms. Monahan negotiated over $1 billion in funding for children. A member of the Bar in California and DC, Ms. Monahan began as an attorney in Los Angeles. 

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How do nations build and sustain economic power? While the rise of Asia-Pacific economies has drawn significant scholarly attention, these nations' divergent paths to success remain less understood. Stanford University's Gi-Wook Shin, the William J. Perry Professor of Contemporary Korea in the Department of Sociology, argues we need a new lens to account for cross-national variation in how countries mobilize talent to develop their workforces and achieve growth.

In his recent book, The Four Talent Giants, Shin introduces Talent Portfolio Theory, a framework that explains how four strikingly different Asia-Pacific nations – Japan, Australia, China, and India – became economic powerhouses through distinct human resource development strategies. Each nation tailored its approach to education, migration, and global networks in ways shaped by unique historical, cultural, and geopolitical contexts.

Shin – a senior fellow at the Freeman Spogli Institute for International Studies and the director of the Korea Program and the Stanford Next Asia Policy Lab (SNAPL) at the Shorenstein Asia-Pacific Research Center (APARC) – joined host Sydney Seiler on the Center for Strategic and International Studies' video podcast, The Impossible State, to discuss that framework, how the four Asia-Pacific "talent giants" developed, attracted, and retained talent, and what other countries, including the United States, can learn as they face new risks and opportunities in a globalized, AI-driven economy.

The Four Talent Giants, published by Stanford University Press, is part of the SUP-APARC joint monograph series, Studies of the Walter H. Shorenstein Asia-Pacific Research Center. The book draws on research conducted as part of SNAPL's Talent Flows and Development research track.

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Four Insights on How Countries Compete for Talent in a Globalized World

From the practices of higher education institutions to diaspora networks, talent return programs, and immigration policies of central governments, a comparative analysis by Stanford sociologist Gi-Wook Shin shows how different national human resource strategies shape economic success.
Four Insights on How Countries Compete for Talent in a Globalized World
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Without Securing Talent, Korea Has No Future

To survive in the global competition for talent while facing the AI era, low fertility, and the crisis of a new brain drain, South Korea must comprehensively review and continuously adjust its talent strategy through a portfolio approach.
Without Securing Talent, Korea Has No Future
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Sociologist Gi-Wook Shin Illuminates How Strategic Human Resource Development Helped Build Asia-Pacific Economic Giants

In his new book, The Four Talent Giants, Shin offers a new framework for understanding the rise of economic powerhouses by examining the distinct human capital development strategies used by Japan, Australia, China, and India.
Sociologist Gi-Wook Shin Illuminates How Strategic Human Resource Development Helped Build Asia-Pacific Economic Giants
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Watch Stanford sociologist Gi-Wook Shin discuss his book, The Four Talent Giants, on the Center for Strategic and International Studies' video podcast, The Impossible State. Shin introduces a framework that explains how Japan, Australia, China, and India became economic powerhouses and what lessons these Asia-Pacific "talent giants" offer to other nations as they face increasingly fierce global competition for talent in the AI era.

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This essay was first published by Seoul National University's Institute for Future Strategy. You can also view the Korean version.



Technological hegemony surrounding artificial intelligence (AI) has emerged as a central facet of national economies and security. Global competition among countries and corporations to secure high-level talent has intensified into a matter of survival. Worldwide demand for AI talent now exceeds supply by more than threefold. In Silicon Valley, AI dominates the discussion, and competition among big tech firms to attract talent is escalating. Ultimately, the rivalry between the United States and China will be decided not only by capital or technology but by who succeeds in attracting and retaining global talent.

In South Korea, concerns over talent outflows from Korea are growing. Last year, Korea ranked fourth among the 38 OECD countries in terms of AI talent outflow. Compared to other advanced economies, Korea’s AI industrial ecosystem remains underdeveloped, while overseas firms offer better compensation and research environments. The recent phenomenon of 56 Seoul National University professors relocating abroad over the past four years, a “new brain drain,” must be understood in this broader structural context.

This reality is also clearly reflected in the Global Talent Competitiveness Index, published annually by INSEAD. Korea ranked 31st this year, a position disproportionately low relative to its economic standing, and fell seven places compared to two years ago. In particular, Korea performed poorly in attracting and retaining talent, ranking 55th and 37th, respectively. These findings suggest that, beyond economic incentives, social, cultural, and environmental factors play a decisive role in talent mobility.

Korea’s talent outflow is especially alarming because it coincides with record-low fertility rates and rapid population aging. Before this convergence hardens into irreversible decline, Korea must establish a Ministry of Human Resources to oversee a comprehensive national talent strategy and devise systemic measures for talent development, attraction, and utilization.
 

Talent Portfolio Theory
 

Cover of the book "The Four Talent Giants" by Gi-Wook Shin.

In a recent book published by Stanford University Press, The Four Talent Giants, I proposed a framework titled “talent portfolio theory.” Just as financial investment strategies adopt a portfolio approach, national talent strategies should also be portfolio-based, emphasizing diversification to minimize risk and continuous adjustment (rebalancing). In other words, just as financial portfolios are composed of cash, stocks, real estate, and bonds, talent portfolios consist of four elements—the “4B's”: brain train, brain gain, brain circulation, and brain linkage.

Moreover, just as investors design different portfolios, each country’s talent portfolio varies depending on its economic needs as well as cultural and institutional contexts. Japan, Australia, China, and India (all discussed in the book) include all four B's but have constructed distinct portfolios that contributed to their respective economic development. A portfolio approach transcends the traditional binary of “brain drain versus brain gain” and offers a more comprehensive and flexible framework for understanding national talent strategy, one that is particularly relevant for Korea.

First, “brain train” refers to developing domestic human resources through education and training. It is a fundamental element of any portfolio. In Japan’s portfolio in particular, homegrown talent accounts for a large share. Japan has favored domestically educated and trained talent over foreign or overseas-trained individuals, making them the backbone of its economic development.

By contrast, Australia places greater emphasis on “brain gain.” Brain gain involves importing foreign labor, and approximately 30 percent of Australia’s workforce is foreign-born. Until the 1970s, Australia upheld the “White Australia” policy, but a major shift toward multiculturalism subsequently elevated brain gain to a central position in its portfolio. Brain gain pathways include the study-to-work route, where international students remain for employment, and the work-to-migration route, where individuals enter on work visas and later settle. Australia has effectively utilized both pathways.

“Brain circulation” involves bringing back nationals who were educated or employed abroad, and it has been critical to China’s portfolio. Following China’s opening in the 1980s, Chinese nationals came to represent the largest share of participants in the global talent market, including international students. Approximately 80 percent of them returned to China after the 2000s. Known as haigui (sea turtles), these returnees played prominent roles in China’s science, technology, education, and economy, supported by numerous central and local government programs designed to promote talent circulation.

“Brain linkage” refers to those who do not return home after studying or working abroad but instead serve as bridges between their host countries and their homeland. By leveraging their local networks, social capital, they support their home country from abroad, making this a key component of India’s portfolio. India refers to them as a “brain bank” or “brain deposit,” exemplified by leaders of Silicon Valley big tech firms such as Google CEO Sundar Pichai.

However, all talent portfolios carry inherent risks. When adjustment is delayed or fails, risks can escalate into crises with negative effects on the broader economy. The experiences of the four countries illustrate this point.

Japan has faced two major risks. A talent strategy centered on domestic talent weakened its global competitiveness, while demographic decline reduced its labor pool. Although Japan actively attracted foreign students to increase brain gain, its exclusive social and cultural environment limited their integration into the workforce after graduation. While there are many reasons behind Japan’s “lost 30 years” since the 1990s, one factor was its failure to adjust a portfolio overly concentrated on domestic talent in a timely manner.

Australia has confronted rising anti-immigration sentiment and tensions with China. Public concern grew over excessive immigration and perceived threats to national identity, prompting the government to tighten immigration policies. Amid conflict with China, Australia diversified its foreign talent sources from China to India and Southeast Asia. The pandemic, which restricted cross-border mobility, dealt a severe blow to Australia’s talent attraction efforts.

In China’s case, despite aggressive brain circulation policies, top-tier global talent has remained hesitant to return, as relinquishing careers built abroad is not easy. China accordingly shifted its focus toward brain linkage for these elite individuals. At the same time, brain circulation and linkage strategies became a source of friction with the United States, and rising anti-immigration and anti-China sentiment in the U.S. and Europe reduced opportunities for study and employment abroad. Recently, China has adjusted its portfolio to strengthen domestic talent development.

India, despite its strong brain linkage, remains vulnerable to brain drain. However, as economic opportunities expand domestically, return migration has increased, gradually reshaping its portfolio composition.
 

What Should Korea’s Talent Portfolio Strategy Be?


What, then, about Korea? Let us examine Korea’s situation by comparing it with the four countries through the lens of talent portfolio theory.

Brain train: Human resources have been critical to Korea’s economic development, with the government playing a central role. Key examples include preferential policies for technical and commercial high schools during the 1970s under the Park Chung Hee administration to support industrialization, and efforts to internationalize universities in the 1990s as part of globalization. While less dominant than in Japan, brain train has constituted a significant share of Korea’s talent portfolio.

Brain gain: Korea has imported low- and semi-skilled labor from China and Southeast Asia to fill so-called 3D jobs, but attraction of global high-level talent has remained limited. As in Japan, social exclusivity and cultural barriers continue to impede integration.

Brain circulation: Comparable to China, brain circulation has played a vital role in Korea’s economic development. Overseas education and experience have carried strong premiums, and China explicitly benchmarked Korea and Taiwan when designing its own policies.

Brain linkage: Compared to brain circulation, brain linkage has, until recently, occupied a relatively small share of Korea’s portfolio.

Facing the AI era, low fertility, and the crisis of a new brain drain, what strategy should Korea pursue in the global competition for talent? As noted above, rather than fragmented and ad hoc measures, Korea must comprehensively review and continuously adjust its talent strategy through a portfolio approach.

Brain train: Korea must cultivate talent for future industries, particularly in science and engineering. Training should be aligned with AI-related fields to better match university output with corporate demand. The excessive concentration of top students in medical schools must be corrected. Support mechanisms to retain domestic talent should be strengthened. A recent Bank of Korea survey of 1,916 science and engineering master’s and doctoral degree holders working domestically found that 42.9 percent of science and engineering master’s and doctoral graduates are considering overseas employment within three years—an alarming signal. While brain train will remain vital, its relative share is likely to decline.

Brain gain: As demographic crises intensify and the share of brain train diminishes, the necessity and importance of brain gain will grow. In particular, Korea must actively utilize the more than 300,000 foreign students currently in the country as human and social capital. At present, universities focus merely on filling enrollment quotas, and most foreign students either leave Korea immediately after graduation or remain employed only briefly. This, too, constitutes a form of brain drain. To increase the share of brain gain in the portfolio, foreign students must be managed holistically from selection to graduation and employment. While immigration is ultimately inevitable, it must be approached cautiously and deliberately, considering its impact on the domestic labor market and anti-immigration sentiment. Australia’s successful experience offers useful lessons.

Brain circulation: Although it occupies a relatively modest share of Korea’s portfolio, a certain level should be maintained. With declining numbers of students studying abroad and reduced inclination among overseas Koreans to return, care must be taken to prevent a sharp drop in this component. Otherwise, Korea risks losing global competitiveness, as Japan’s experience warns.

Brain linkage: Alongside brain gain, brain linkage is crucial to Korea’s portfolio adjustment. Key target groups include departing domestic talent (the new brain drain), foreign students, and the diaspora. Although their likelihood of reemployment in Korea is low, their potential for exchange and collaboration with Korea remains open. Like India, Korea should foster and support brain linkage by treating them as a “brain bank” or “brain deposit.”
 

Toward the Establishment of a Ministry of Human Resources


At the national level, a control tower is needed to design an optimal talent portfolio and make timely adjustments. Korea should establish a Ministry of Human Resources by consolidating functions currently dispersed across the Ministry of Education (universities and graduate schools), the Ministry of Science and ICT (R&D), and the Ministry of Employment and Labor (foreign employment support). It is worth recalling that Singapore, ranked first globally in talent competitiveness, established its Ministry of Manpower early on. Expanded and reorganized from the Ministry of Labor in 1998, it played a pivotal role in transforming Singapore into a talent powerhouse. Through education and development investments, Singapore strengthened domestic talent competitiveness while opening its doors to multinational talent, and it also implemented policies to promote talent circulation and linkage. From the perspective of talent portfolio theory, Singapore represents a successful case of diversification and continuous adjustment. In the increasingly fierce global competition for talent in the AI era, nations and firms that fall behind cannot secure their future. Korea is no exception.

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Japan, Australia, China, and India include all four components (four B's) of a Talent Portfolio Theory – brain train, brain gain, brain circulation, and brain linkage – but have constructed distinct portfolios that contributed to their respective economic development. | Courtesy of the Institute for Future Strategy, Seoul National University.
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To survive in the global competition for talent while facing the AI era, low fertility, and the crisis of a new brain drain, South Korea must comprehensively review and continuously adjust its talent strategy through a portfolio approach.

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China’s unprecedented expansion of higher education in 1999 increased annual college enrollment from 1 million to 9.6 million by 2020. We trace the global ripple effects of that expansion by examining its impact on US graduate education and local economies surrounding college towns. Combining administrative data from China’s college admissions system and US visa data, we leverage the centralized quota system governing Chinese college admissions for identification and present three key findings.

First, the expansion of Chinese undergraduate education drove graduate student flows to the US: every additional 100 college graduates in China led to 3.6 Chinese graduate students in the US. Second, Chinese master’s students generated positive spillovers, driving the birth of new master’s programs and increasing the number of other international and American master’s students, particularly in STEM fields. And third, the influx of international students supported local economies around college towns, raising job creation rates outside the universities, as well. Our findings highlight how domestic education policy in one country can reshape the academic and economic landscape of another through student migration and its broader spillovers.

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National Bureau of Economic Research (NBER)
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Yuli Xu
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Poster of the dodumentary The Making of a Japanese, and a portrait of filmmaker Ema Ryan Yamazaki.
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Official film poster for The Making of a Japanese, directed by Ema Ryan Yamazaki. Poster features a stylized illustration of a young Japanese boy looming over a Japanese Elementary school


This documentary film chronicles life at a large Japanese elementary school in suburban Tokyo, where filmmaker Ema Ryan Yamazaki has distilled over 700 hours of footage into a compelling examination of how Japanese educational institutions cultivate culturally distinct characteristics in young students. While Japanese approaches to teaching discipline and responsibility in elementary education have historically been viewed with both curiosity and skepticism through a Western lens, these methodologies have garnered increasing recognition in recent years and are now considered exportable models of educational excellence. The film explores the transformative processes that shape unsuspecting six-year-olds into disciplined twelve-year-olds, while thoughtfully examining both the advantages and potential drawbacks of this educational philosophy.

Acclaimed documentary filmmaker Ema Ryan Yamazaki, recognized for her previous works Monkey Business: The Adventures of Curious George's Creators and Koshien: Japan's Field of Dreams, will be present for this exclusive screening of her latest documentary. This event will feature the complete documentary screening of The Making of a Japanese, prior to its official public release in the United States. Following the film presentation, Ms. Yamazaki will join in conversation with Katherine (Kemy) Monahan.

Join us for this lunchtime documentary screening and talk. Lunch will be served on a first-come, first-served basis.

Speaker

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Photo headshot of Ema Yamazaki

Raised in Osaka by a Japanese mother and British father, Ema Ryan Yamazaki grew up navigating between Japanese and Western cultures. Having studied filmmaking at New York University, she uses her unique storytelling perspective as an insider and outsider in Japan. In 2017, Ema’s first feature documentary, MONKEY BUSINESS: THE ADVENTURES OF CURIOUS GEORGE’S CREATORS was released worldwide after raising over $186,000 on Kickstarter. In 2019, Ema’s second feature documentary about the phenomenon of high school baseball in Japan, KOSHIEN: JAPAN’S FIELD OF DREAMS, premiered at DOC NYC. In 2020, the film aired on ESPN, and was released theatrically in Japan. It was a New York Times recommendation for international streaming and featured on the Criterion Channel. Ema's latest documentary feature, THE MAKING OF A JAPANESE, follows one year in a Japanese public school. The film premiered at the Tokyo International Film Festival in 2023 and is currently playing festivals around the world, with a release set in Japan for December 2024. 

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Headshot photo of Katherine (Kemy) Monahan

Katherine (Kemy) Monahan joins the Walter H. Shorenstein Asia-Pacific Research Center (APARC) as a visiting scholar, Japan Program Fellow, for the 2025-2026 academic year. She has served 30 years as a Foreign Service Officer with the U.S. Department of State, across 16 assignments on four continents.  She most recently served as Deputy Chief of Mission of the U.S. Embassy in Japan, following an assignment as Charge d’affaires for Papua New Guinea, Solomon Islands, and Vanuatu, and an assignment as Deputy Chief of Mission to New Zealand, Samoa, Cook Islands, and Niue.  Ms. Monahan established and led UNICEF’s Washington D.C.-based International Financial Institutions liaison office, where she negotiated over $1 billion in funding for children in need. Ms. Monahan also served in the U.S. Embassy Mexico as Advisor in the World Bank’s Africa Office, as Deputy Executive Director of the Secretary of State’s Global Health Initiative, and as Senior Development Counselor at the U.S. Mission to the European Union in Brussels. Earlier in her career, she worked in Warsaw, Poland, to privatize the energy and telecommunications sectors and led the team to ratify the Hague Intercountry Adoption Convention.

Katherine Monahan
Katherine Monahan
Ema Yamazaki Filmmaker
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Visiting Postdoctoral Scholar at APARC
Lee Kong Chian NUS-Stanford Fellow on Southeast Asia, Fall 2025
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Theara Thun joined the Walter H. Shorenstein Asia-Pacific Research Center (APARC) as Visiting Postdoctoral Scholar, Lee Kong Chian NUS-Stanford Fellow on Southeast Asia for fall quarter of 2025. Thun received his PhD in history from the National University of Singapore (NUS), through a joint doctoral program with the Harvard-Yenching Institute (Harvard University). He was the recipient of the 2019 Wang Gungwu Medal and Prize for the “Best PhD Thesis in the Social Sciences/Humanities”. Currently, Dr. Thun is a postdoctoral research fellow at the Faculty of Education, The University of Hong Kong, funded by Hong Kong’s Research Grants Council. His research interests include intellectual history, ethnic politics, and post-war education, with a particular focus on Cambodia and Southeast Asia.

His first book entitled Epistemology of the Past: Texts, History, and Intellectuals of Cambodia, 1855–1970 is published by the University of Hawaii Press in August 2024. Apart from critically exploring various kinds and forms of scholarly debates of Cambodian, Thai and French intellectuals, the book brings together one of the largest original indigenous manuscript collections ever put together in a single study of Southeast Asian Studies scholarship. It argues that despite the emergence of Western historical writings during colonial encounters in Cambodia and across Southeast Asia, precolonial historical scholarship was never entirely displaced. Instead, the precolonial indigenous scholarship interfaced with the Western model of historical thought, resulting in the creation of a new body of knowledge with its own distinct epistemology.

As a Lee Kong Chian NUS-Stanford fellow on Southeast Asia, Dr. Thun worked on his second book project which explores post-war intellectual and higher education development in Cambodia. The project seeks to understand how Cambodia’s universities have transformed in relation to society, following the complete destruction of the entire educational system and the massacre of most teaching personnel during the Khmer Rouge regime between 1975 and 1979.

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Visiting Scholar at APARC, 2025-2026
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Yuko Murase was a Fulbright Visiting Scholar at the Shorenstein Asia-Pacific Research Center (APARC) for the fall and winter quarters of the 2025–2026 academic year. She is a journalist with more than 15 years of experience at The Mainichi Shimbun, one of Japan’s leading national newspapers, which also operates an English-language news site. Murase received the Fulbright Scholar Award in Journalism in 2025, becoming the only Japanese journalist selected that year.

Under the Fulbright program, Murase conducted comparative research at APARC on educational systems and practices in the United States and Japan. Drawing on her reporting on education in Japan, including “Preference for ‘Free Schools’ over Compulsory Education Stirs Controversy in Japan,” she examined diverse educational models in the United States — such as charter schools, homeschooling, and innovative learning initiatives in Silicon Valley — and their implications for expanding educational opportunities in Japan. Her work also aimed to contribute to ongoing conversations about education in both countries.

Murase has written extensively in both English and Japanese, with a focus on education, social issues, and culture. Her reporting includes school nonattendance (futoko), bullying, school consolidation in depopulating regions, and the growing demand for more educational options in Japan. She was among the journalists who reported on the case of a 13-year-old student who died by suicide in Shiga Prefecture, which drew national attention and led to the enactment of Japan’s Anti-Bullying Act (2013). Her investigative series on harassment within a fire department in Shiga Prefecture during and after the COVID-19 pandemic received the 19th Hikita Keiichiro Award (2025) from the Japan Federation of Newspaper Workers’ Unions, which honors journalism that protects human rights and promotes trust in the press.

Having spent many years reporting in Shiga Prefecture near Kyoto, Murase developed a deep appreciation for local journalism and a strong interest in its future in the digital age. Her work reflects a belief that investigating local issues can yield lessons of global relevance.

Murase has also covered major international events, including the historic visit of President Barack Obama to Hiroshima, and interviewed filmmaker Oliver Stone during his first visit to Hiroshima. She has reported on global perspectives on the legacy of the atomic bombings and nuclear weapons.

Her interest in education has been shaped by studying in several countries. After graduating from high school in Australia, she earned a BA in International Relations from Ritsumeikan University in Kyoto. While there, she studied journalism at Rutgers University in the United States and sociology at the University of the Philippines as an exchange student. She was selected for the Japanese University Student Delegation to Korea by the Japan–Korea Cultural Foundation (2004).

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APARC Predoctoral Fellow, 2025-2026
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Isabel Salovaara joins the Walter H. Shorenstein Asia-Pacific Research Center (APARC) as APARC Predoctoral Fellow for the 2025-2026 academic year. She is a Ph.D. Candidate in Stanford's Department of Anthropology. Her dissertation, “Engendering the State: Aspiration, Government Jobs, and the Coaching Industry in Bihar, India,” analyzes the effects of organized exam preparation systems on urban life, gender and kin relations, and the politics of (un)employment. Through ethnographic engagement with young people preparing for government recruitment examinations in India, Isabel's work investigates the social life of "shadow education" — a burgeoning industry across much of Asia. Her research complicates the common framing of shadow education as a social ill by showing how young women and members of disprivileged caste groups harness India's coaching institutes to pursue forms of security and independence for themselves and their families.

Isabel received an A.B. in History from Harvard University and an M.Phil. in Social Anthropology from the University of Cambridge.

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