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In the space of ten short years, Germany and Japan have gone from paragons of economic success to models of political paralysis. In both countries, reformers call for a decisive move toward the liberal market model, yet find themselves frustrated with their governments' inability to act. This deadlock reflects the normal operation of German and Japanese democracy, and not its failure, for Germany and Japan are fundamentally divided over the merits of the proposed liberal reforms. As a result, Germany and Japan proceed with reforms slowly and cautiously, they package delicate compromises, and they design reforms to preserve the core institutions of their respective economic models as much as possible. Steven K. Vogel is Associate Professor of Political Science at UC Berkeley. He specializes in the political economy of the advanced industrialized nations, especially Japan. His book, Freer Markets, More Rules: Regulatory Reform in Advanced Industrial Countries (Cornell University Press, 1996), won the 1998 Masayoshi Ohira Memorial Prize. He has written extensively on Japanese politics, industrial policy, trade and defense policy. He has taught previously at the University of California, Irvine and Harvard University. He has a B.A. from Princeton University and a Ph.D. in Political Science from UC Berkeley.

Okimoto Conference Room, Encina Hall, East Wing, Third Floor

Steven Vogel Associate Professor Speaker Department of Political Science; University of California, Berkeley
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What will "post-developmental" Japan look like? In contrast to the view that Japan's political economy will converge with the U.S. system, Schaede argues that Japan is characterized by a system of cooperative capitalism. One feature of this system is the dominant role played by industry associations, which have increasingly assumed regulatory functions in the 1980s and 1990s. With the decline in ministerial power to guide industrial development, this self-regulation by industry is becoming a critical factor in understanding the workings of Japan's political economy. Ulrike Schaede is Assistant Professor at the Graduate School of International Relations and Pacific Studies (IR/PS) at the University of California, San Diego. She has a Ph.D. from Marburg University (Germany) in Japanese Studies, and has held various visiting positions and research affiliations in Japan, including at Hitotsubashi University (Tokyo), the Bank of Japan, MITI, and the Ministry of Finance. Prior to joining IR/PS, Schaede taught at the Haas School of Business at UC Berkeley. She specializes in Japanese government-business relations and business regulation in Japan, and Japan's financial markets.

A/PARC Hills Conference Room, Encina Hall, East Wing, Second floor

Ulrike Schaede Assistant Professor Speaker Graduate School of International Relations and Pacific Studies; University of California, San Diego; Visiting Scholar, A/PARC
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This presentation will focus on the effects of the economic crisis on poverty in Southeast Asia illustrated by a case study of Indonesia. Particular attention will be paid to the government responses with social safety net programs and how these responses have been influenced by government perceptions of the role of rural-urban dynamics and the urban informal sector. This presentation is based upon research carried out over the last sixteen months in Indonesia. The final part of the talk deals with the issue of inserting social policy into development plans in the period of economic recovery in Indonesia. Terry Mc Gee has spent more than 40 years carrying out research in Southeast Asia. He has held appointments at the University of Malaysia, University of Hong Kong and the Research School of Pacific Studies, Australia National University (Canberra), as well as UBC since l978. He is the author of The Southeast Asian City (l967), Essays on Third World Urbanization ( l971) and co-editor of The Extended Metropolis in Asia (l991) and Mega-Urban Regions in Southeast Asia (l995) he has acted as a consultant for UNDP and CIDA on urban policy in Asia.

A/PARC Hills Conference Room, Encina Hall, East Wing, Second floor

Terry Mc Gee Professor and Former Director Speaker Institute of Asian Research, University of British Columbia
Paragraphs

Reform of the welfare sector is an important yet difficult challenge for countries in transition from socialist central planning to market-oriented democracies. Here a scholar of the economics of socialism and post-socialist transition, and a health economist take on this challenge. They offer health sector reform recommendations for ten countries of Eastern Europe, drawn from nine guiding principles. The authors conclude that policymakers need to achieve a balance, both assuring social solidarity through universal access to basic health services and expanding individual choice and responsibility through voluntary supplemental insurance.

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Cambridge University Press
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Karen Eggleston
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In 1975Ð76 the fall of Saigon was followed by national reunification and the establishment of the Socialist Republic. Access to the Mekong Delta was widely expected to facilitate rapid neo-Stalinist industrialization and the appearance of a powerful military threat to capitalist SEA. But this did not happen. By 1981 partial reforms had permitted all state enterprises to operate in markets and some degree of agricultural decollectivisation. In the second half of the 1980s there was a clear de-Stalinization of everyday life. And by 1989Ð90 a recognizable market economy had emerged. Since then the Vietnamese Communist Party has, with some success, negotiated a major opening-up of the country to foreign contacts. Vietnam has joined ASEAN, and has seen the emergence of land, labor, and capital markets, and the confused processes by which classes form. Fundamental economic and political change has therefore occurred. Growth has been rather fast and the use of state violence minimal. Politically, for the still-Leninist VCP, the shift from Plan to Market has been a great success. What is the political economy basis for this? Despite emergent capitalist classes and a market economy, the political economy of "post-transition" Vietnam is heavily marked by its recent history, and remains very different from other ASEAN members. Notwithstanding revolutionary change, dualities common to both the traditional and modern political economies have offered great potential for political restructuring. In this sense "development doctrines" are perhaps less exotic and more indigenous than elsewhere in SEA. This facilitates relatively harmonious political adaptation and is the key to understanding change. For example, wide rural land access, with a collective tinge in the most densely populated areas, has a strong and pervasive effect upon the macro political economy. "Voice and exit" are enhanced. Thus we see rather high levels of migration, and risk bearing be farmers. Rural GDP has grown fast through the 1990s. Also, real wages in urban areas tend to be higher and the labor regime less brittle. What are the political implications of such a land regime? At the end of the day, one reason for the lack of extensive state violence against the population seems to be that the party/state has sufficient sources of support and power for tense economic issues in the rural areas to be fought out without property rights needing violence to enforce them. These issues are fought out locally (within cooperatives and communes) and in macro contexts (access to world markets). But in the rural areas the state does not, apparently, need to support particular economic interests for its survival. One reason for this is that the "land issue" has been addressed through the adaptation of socialist models, so that large-scale land property is not (yet?) a major issue. Dominant groups in the rural areas do not depend upon land access for their incomes. Adam Fforde is a development economist. He holds an Oxford MA (Engineering Science and Economics), a London MSc (Economics) and a Cambridge PhD (Economics). He studied Vietnamese in Hanoi during 1978/79 and was a visiting scholar at the National Economics University (Hanoi) in 1985Ð86. He lived in Vietnam from 1987 to 1992 while working as an advisor to the Swedish aid program, and in Australia from 1992 to 1999, where he was a visiting fellow at the ANU and Chairman of Aduki Pty Ltd (Consultants). He is now senior fellow at the SEA Studies Programme, National University of Singapore. He has published on topics including the economic development of north Vietnam prior to 1975, agricultural cooperatives, and the transition from plan to market. He is currently working on class formation and the emergence of factor markets in the 1990s, industrial reform since the early 1960s, and Vietnamese development doctrine.

Okimoto Conference Room, Encina Hall, East Wing, Third Floor

Adam Fforde Senior Fellow Speaker SEA Studies Programme, National University of Singapore
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Prof. Panikkar will address the relationship of history to issues of power, politics, and censorship in the context of the recent controversy involving the withdrawal of two volumes on modern history by the Indian Council of Historical Research (ICHR).

Prof. K. N. Panikkar teaches at the Centre for Historical Studies, Jawaharlal Nehru University. He is the Chairman of the Archives on Contemporary History and formerly the Dean of the School of Social Sciences, JNU. He is associated with several universities and institutions in India and abroad. He has been the President of the Modern History Section of the Indian History Congress and a member of the Indian Council for Social Science Research and the Indian Council for Historical Research. He has also been a member of several academic and research organizations and a visiting professor to universities abroad.

Prof. Panikkar's main area of current research is intellectual-cultural history of modern Indian on which he has written extensively. His publications include, Culture, Ideology and Hegemony--Intellectuals and Social Consciousness in Colonial India; Culture and Consciousness in Modern India; Against Lord and State--Religion and Peasant Uprisings in Malabar; Communal Threat, Secular Challenge and British Diplomacy in North India. Among the books he has edited the latest is The Concerned Indian's Guide to Communalism.

Gates Info Sciences Bldg., Room 104, Stanford University

Prof. K.N. Panikkar Professor Centre for Historical Studies, Jawaharlal Nehru University, New Delhi
Panel Discussions
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Japan's macroeconomic problem has yet to be properly diagnosed. Throughout the 1990s, policy makers could not decide on the proper macro economic measures to combat the country's severe economic slump. We propose a unified explanation, with deep historical roots, of why aggregate private demand failed to recover after Japan's stock and real estate bubbles burst in 1991 and deflationary pressure continues into the new millenium. Ron McKinnon is William D. Eberle Professor of International Economics at the Department of Economics, Stanford University. His research interests cover trade and financial policy in less-developed countries, the transition from socialism in Asia and Eastern Europe, the foreign exchange market and U.S.-Japan trade disputes, European monetary unification and international monetary reform, and the economics of market-preserving federalism. Rishi Goyal is a Ph.D graduate student in international economics working with Professor McKinnon on a Japan project--and will be writing his dissertation in this area. His undergraduate B.A. (with distinction) is from Swarthmore College in 1995. He expects to complete his Ph.D in 2001.

Okimoto Conference Room, Encina Hall, East Wing, Third Floor

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

(650) 723-9741 (650) 723-6530
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William D. Eberle Professor of International Economics
R_McKinnon_headshot.jpg PhD

Ronald McKinnon is the William D. Eberle Professor of International Economics at Stanford University. Currently, he is researching trade and financial policy in less-developed countries, the transition from socialism in Asia and Eastern Europe, the foreign exchange market and U.S.-Japan trade disputes, European monetary unification and international monetary reform, and the economics of market-preserving federalism.

Recent books by McKinnon include The Order of Economic Liberalization: Financial Control on the Transition to a Market Economy, 2nd edition (1993); The Rules of the Game: International Money and Exchange Rates (1996); and Dollar and Yen: Resolving Economic Conflict between the United States and Japan (with K. Ohno, 1997). Recent (1997) articles include "Credible Liberalizations and International Capital Flows: The Overborrowing Syndrome" (with H. Pill); "The East Asian Dollar Standard, Life after Death?" (1999); and "The Syndrome of the Ever-Higher Yen: American Mercantile Pressure on Japanese Monetary Policy" (with K. Ohno and K. Shirono, 1999). McKinnon teaches international trade and finance, economic development, money and banking, and financial control in developing and transitional socialist economies.

Ronald I. McKinnon Professor Speaker
Rishi Goyal Graduate Student Speaker Department of Economics, Stanford University
Seminars
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Professor Jean-Luc Domenach is one of France's leading experts on China, and on Asia more broadly. His publications include works that have dealt successively with the internal and external politics of the People's Republic of China and with international relations in East Asia. His books include The Origins of the Great Leap Forward (1995); The Forgotten Gulag: China's Prison Camps (1992); Asian Communism: Dead or in Transition (1994); Asia Rediscovered (1997) and, most recently, Asia in Danger (1998). In addition to his academic writings, he is a regular columnist for two French dailies, La Croix and Ouest-France. He is also on the editorial and advisory boards of several scholarly journals, including the French Review of Political Science, International Politics, and Politics Abroad. Professor at the Institut d'Etudes Politiques de Paris, beginning in 1995 he became Scientific Director of the Fondation Nationale des Sciences Politiques, where he is also in charge of the Masters of Contemporary Asia Program. Jean-Luc Domenach is a knight of the National Order of Merit.

Bechtel Conference Center

Jean-Luc Domenach Professor Speaker Institut d'Etudes Politiques de Paris
Lectures
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Between four and five thousand years ago, elephants were found in China as far north as the location of present-day Beijing. Today, wild elephants are confined to a few protected enclaves along the southwest border. To some degree, this retreat was due to a long-term decrease in the mean annual temperature, but the most important cause was the destruction of habitat by Chinese-style agricultural development. Mark Elvin uses the pattern of retreat of the elephants as a means of defining to a first degree of approximation the complementary pattern of the spread of forest clearance for farming in China across space and time, and to discuss the economic and other causes for the historical deforestation. Mark Elvin is Research Professor of Chinese History at the Research School of Pacific and Asian Studies, ANU, and Emeritus Fellow of St. Anthony's College, Oxford. He is author of The Pattern of the Chinese Past (1973), Another History: Essays on China from a European Perspective (1996), and Changing Stories in the Chinese World (1997, among other works. Elvin was educated at Cambridge University and Harvard.

Okimoto Conference Room, Encina Hall, East Wing, Third Floor

Mark Elvin Professor of Chinese History Speaker Research School of Pacific and Asian Studies, The Australian National University
Seminars
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Through interviews with and analysis of the portfolio of French VCs in Silicon Valley, Professor Ferary is examining ties between VCs and entrepreneurs based on nationality, education and professional background. He describes how French venture capitalists use the French network in their businesses and how they try to get inside others' social networks to increase their resources and accumulate social capital. An exchange theory based on the gift exchange theory can be used for understanding VC behavior and relations. Currently a visiting scholar at Stanford's Sociology Department, Michel Ferary is an assistant professor at Essec School of Management in Paris, France. He earned a PhD in business administration from HEC (France) and worked for three years as a consultant in financial services for Andersen Consulting and Gemini Consulting. In addition to current work on French VCs in Silicon Valley, Professor Ferary's research focuses on the function of social networks in the financial risk evaluation done by bankers.

Okimoto Conference Room, Encina Hall, East Wing, Third Floor

Michel Ferary Assistant Professor Essec School of Management, Paris
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