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Gregory Poling will begin with a multimedia presentation highlighting the most important aspects of the South China Sea disputes, including the competing legal claims, recent clashes, and the oil, fisheries, and trade interests that help feed the conflict. He will then examine recent actions by the various claimants and the motivations behind them, including the Philippines' recent decision to take China's claims to a UN arbitration tribunal. He will show why commentators have been too quick to dismiss Manila's case. During the Q&A he will field questions on any aspect of the disputes, including what they imply for Asia and US-Asian relations.

Gregory Poling’s work at CSIS includes managing projects focused on US foreign policy in the Asia-Pacific, especially in Southeast Asia. In addition to the South China Sea, his research interests include democratization in Southeast Asia and Asian multilateralism. Before joining CSIS he lived and worked in China as an English language teacher. He has an MA in international affairs from American University, earned his BA in history and philosophy at Saint Mary's College of Maryland, and has studied at Fudan University in Shanghai.

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Gregory Poling Research Associate, Sumitro Chair for Southeast Asia Studies Speaker Center for Strategic and International Studies, Washington, DC
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The governor of the Bank of Japan, the country's central bank, recently announced he will be stepping down before his term expires. Stanford economist Takeo Hoshi spoke with Quartz on the future of Japan’s monetary policy.
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In Singapore the People’s Action Party has held power continuously since 1959, having won 13 more or less constrained legislative elections in a row over more than half a century. In Malaysia the Alliance Party and its heir, the National Front, have done nearly as well, racking up a dozen such victories over the same 54-year stretch. These records of unbroken incumbency were built by combining rapid economic growth with varying degrees and types of political manipulation, cooptation, and control. 

In both countries, as living standards improved, most people were content to live their lives quietly and to leave politics to the ruling elite. In the last decade, however, quiescence has given way to questioning, apathy to activism, due to policy missteps by the ruling parties, the rise of credible opposition candidates, increasing economic inequality, and the internet-driven expansion of venues for dissent. 

As the ground appears to shift beneath them, how are the rulers responding? Will their top-down politics survive? How (un)persuasive have official warnings against chaotically liberal democracy become? Are ethno-religious and even national identities at stake? Are comforting but slanted historical narratives being rethought? And how principled or opportunistic are the agents of would-be bottom-up change? 

Sudhir Thomas Vadaketh is the author most recently of Floating on a Malayan Breeze:  Travels in Malaysia and Singapore (2012) and The End of Identity? (2012). Before joining The Economist Group in Singapore in 2006 he was a policy analyst on foreign investment for the government of Dubai. He has written for many publications, including The Economist, ViewsWire, and The Straits Times, and been widely interviewed by the BBC and other media. He earned a master’s degree in public policy from the Kennedy School (Harvard, 2005) after receiving bachelor degrees in Southeast Asian studies and business administration (UC-Berkeley, 2002). His service in the Singapore Armed Forces in the late 1990s took him to Thailand, Taiwan, and Australia.

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Sudhir Thomas Vadaketh Senior Editor Speaker Economist Intelligence Unit, Singapore
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More than 215 million people—approximately 3% of the world’s population—now live outside their country of birth (United Nations, 2009). Migration of individuals across international borders has socio-economic consequences both to the receiving and sending countries. One of the most important economic impacts of international migration is the amount of remittances sent home by migrants. World Bank (2011) estimated that developing countries received about $372 billion of remittances. Remittances serve as the second largest source of foreign reserves, next to exports of goods and services, for these countries. In addition, remittances benefit the poor households whose average income falls below the amount necessary to meet their most basic and non-food needs for the year.

This study focuses on the roles of international migration and remittances in the Philippines, which was ranked fourth in total international remittances received in 2009, after India, China, and Mexico (World Bank, 2012). The Philippine government refers to the temporary international workers or Overseas Filipino Workers (OFWs) as bagong bayani or new heroes. This epithet stems from the important roles that these migrant workers play: they often serve as the primary income providers for their families left in the Philippines, and their transfers are a source of foreign reserves for the Philippine economy.  

The colloquium presents evidence on three related research questions. The first is whether agricultural households in rural Philippines use remittances from OFWs, along with loans, and assets to mitigate the effect of negative shocks to their income. In particular, speaker Marjorie Pajaron will ask the question whether farmers depend on their network of family and friends when they encounter a natural disaster, like excessive rainfall or typhoon. The second is how migration affects the bargaining power within the household. Finally, she will discuss the remittance behavior of different types of migrants from the Philippines. 

Marjorie Pajaron joins the Walter H. Shorenstein Asia-Pacific Research Center during the 2012–13 academic year from the University of Hawai’i at Manoa Department of Economics where she served as a lecturer.

She took part for five years in the National Transfer Accounts project based in Honolulu. Her research focuses on the role of migrant remittances as a risk-coping mechanism, as well as the importance of bargaining power in the intra-household allocation of remittances in the Philippines. Pajaron received a PhD in economics from the University of Hawai’i at Manoa. 

Her recent working papers include: “Remittances, Informal Loans, and Assets as Risk-Coping Mechanisms: Evidence from Agricultural Households in Rural Philippines,” October 2012, Revise and Resubmit, Journal of Development Economics; “The Roles of Gender and Education on the Intra-household Allocations of Remittances of Filipino Migrant Workers,” June 2012; and “Are Motivations to Remit Altruism, Exchange, or Insurance? Evidence from the Philippines,” December 2011.

 

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Visiting Scholar at APARC, 2026
Asia Health Policy Postdoctoral Fellow, 2012-2013
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Marjorie Pajaron joins the Walter H. Shorenstein Asia-Pacific Research Center as Visiting Scholar beginning April 2026 through July 2026 from the University of the Philippines Diliman (UPSE), where she serves as Associate Professor in the School of Economics. She was previously at APARC as Asia Health Policy Postdoctoral Fellow during the 2012–13 academic year.

While at APARC, she will be conducting research on the migration of healthcare workers from the Philippines and the nexus with climate change.

Pajaron received a PhD in economics from the University of Hawai’i at Manoa.

Publications:

Ramel, R. C. D., Legaspi, J. D., & Pajaron, M. C. (2026). Illuminating the land: the effects of nighttime lights on land values in the Philippines. Remote Sensing Letters, 17(5), 465–477. https://doi.org/10.1080/2150704X.2026.2650396

Pajaron M, Vasquez GN. (2023). Weather, Lockdown, and the Pandemic: Evidence from the Philippines. Philipp J Sci 152(S1): 47–62. https://doi.org/10.56899/152.S1.04

Pajaron, M.C., Vasquez, G.N.A. (2020). Weathering the storm: weather shocks and international labor migration from the Philippines. Journal of Population Economics 33, 1419–1461. https://doi.org/10.1007/s00148-020-00779-1

Pajaron, M. (2017). “The Role of Remittances as a Risk-Coping Mechanism: Evidence from Agricultural Households in the Philippines.” Asian and Pacific Migration Journal 26 (1): 3–30. https://doi.org/10.1177/01171968166806

Pajaron, M. (2016). “Heterogeneity in the Intrahousehold Allocation of International Remittances: Evidence from Philippine Households.” Journal of Development Studies 52 (6): 854–875. https://doi.org/10.1080/00220388.2015.1113261

 

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Marjorie Pajaron Asia Health Policy Postdoctoral Fellow in Developing Asia Speaker Asia Health Policy Program, Stanford University
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Motoshige Itoh, Professor, Graduate School of Economics, University of Tokyo. He has served as President of the National Institute for Research Advancement since February 2006, and held the post of Dean at the Gradual School of Economics from 2007 to 2009. He was professor of the Graduate School of Economics and the Faculty of Economics since 1993, and Assistant Professor in Economics since 1982. He has served in various government committees, including the Ministry of International Trade and Industry, Ministry of Finance, Economic Planning Agency, Fair Trade Commission, and others and was a member of Economic Strategy Council in 1998-1999. He has been an advisor to the Statistical Division at the Bank of Japan, and a visiting scholar at various institutions, including the Department of Economics at Harvard University, the Australia-Japan Research Centre, Australian National University, and Research Institute at the Bank of Japan. He has published numerous books and papers on Japan’s economy and finance. He received his BA from Tokyo University and PhD from University of Rochester, both in Economics.

Hideaki Miyajima, Director, Waseda Institute for Advanced Study(WIAS), Professor of Japanese Economy, Graduate School of Commerce, Waseda University. He teaches Japanese Economy, and Corporate Governance in Japan.  He stayed at Reischauer Institute of Japanese Studies, Harvard University as a visiting scholar for 1992-94 and 2004-05. He was asked to consult by several institutions such as the World Bank, Hawaii University, Hebrew University, and Korean Development Institute. He was also appointed to numerous positions: Faculty Fellow, Research Institute of Economy, Trade & Industry, a Special Research Fellow of Policy Research Institute (Ministry of Finance), Research Fellow of EHESS (Paris), and an Adjunct Professor of Chung-Ang University (Seoul). He wrote several books and numerous papers including: Corporate Governance in Japan, Oxford University Press, 2007 (co-edited), Changes and Continuity in Japan, Curzon Press, 2002 (co-edited), Policies for Competitiveness, Oxford University Press, 1999 (co-edited), He received his Ph.D in Economics from the University of Tokyo.

Takeo Hoshi, Henri and Tomoye Takahashi Senior Fellow at the Walter H. Shorenstein Asia-Pacific Research Center at Stanford University, and professor of finance (by courtesy), Stanford Graduate School of Business. Prior to joining S/APARC, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at the University of California, San Diego (UCSD). Hoshi also serves on the Board of Directors at Union BanCal Corporation. He is also a research associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER). His main research interests include the study of the financial aspects of the Japanese economy, especially corporate finance, banking, and monetary policy. He received numerous awards for his publications including Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001), co-authored with Anil Kashyap (Graduate School of Business, University of Chicago), and his other publications include, “Japanese Government Debt and Sustainability of Fiscal Policy” (with Takero Doi and Tatsuyoshi Okimoto), Journal of the Japanese and International Economies,2011; “Corporate Restructuring in Japan during the Lost Decade” (with Satoshi Koibuchi and Ulrike Schaede), Japan’s Bubble, Deflation, and Long-term Stagnation, MIT Press, 2011 (Koichi Hamada, Anil K Kashyap, and David E. Weinstein, eds.) He has been the editor-in-chief of the Journal of the Japanese and International Economies since 1999. Hoshi received his BA in social sciences from the University of Tokyo in 1983, and a PhD in economics from the Massachusetts Institute of Technology in 1988.

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Motoshige Itoh Professor, Graduate School of Economics Panelist University of Tokyo
Hideaki Miyajima Director, Waseda Institute for Advanced Study(WIAS), Professor of Japanese Economy, Graduate School of Commerce, Waseda University Panelist
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Former Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at the Freeman Spogli Institute for International Studies
Former Professor, by courtesy, of Finance at the Graduate School of Business
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Takeo Hoshi was Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Professor of Finance (by courtesy) at the Graduate School of Business, and Director of the Japan Program at the Shorenstein Asia-Pacific Research Center (APARC), all at Stanford University. He served in these roles until August 2019.

Before he joined Stanford in 2012, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at University of California, San Diego (UCSD), where he conducted research and taught since 1988.

Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco, Research Associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER), and Senior Fellow at the Asian Bureau of Finance and Economic Research (ABFER). His main research interest includes corporate finance, banking, monetary policy and the Japanese economy.

He received 2015 Japanese Bankers Academic Research Promotion Foundation Award, 2011 Reischauer International Education Award of Japan Society of San Diego and Tijuana, 2006 Enjoji Jiro Memorial Prize of Nihon Keizai Shimbun-sha, and 2005 Japan Economic Association-Nakahara Prize.  His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business, University of Chicago) received the Nikkei Award for the Best Economics Books in 2002.  Other publications include “Will the U.S. and Europe Avoid a Lost Decade?  Lessons from Japan’s Post Crisis Experience” (Joint with Anil K Kashyap), IMF Economic Review, 2015, “Japan’s Financial Regulatory Responses to the Global Financial Crisis” (Joint with Kimie Harada, Masami Imai, Satoshi Koibuchi, and Ayako Yasuda), Journal of Financial Economic Policy, 2015, “Defying Gravity: Can Japanese sovereign debt continue to increase without a crisis?” (Joint with Takatoshi Ito) Economic Policy, 2014, “Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan” (with Anil Kashyap), Journal of Financial Economics, 2010, and “Zombie Lending and Depressed Restructuring in Japan” (Joint with Ricardo Caballero and Anil Kashyap), American Economic Review, December 2008.

Hoshi received his B.A. in Social Sciences from the University of Tokyo in 1983, and a Ph.D. in Economics from the Massachusetts Institute of Technology in 1988.

Former Director of the Japan Program at the Shorenstein Asia-Pacific Research Center
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Takeo Hoshi Henri H. and Tomoye Takahashi Senior Fellow at the Walter H. Shorenstein Asia-Pacific Research Center Panelist Stanford University
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Divided Memories, Shorenstein APARC's groundbreaking study of textbook depictions of World War Two, is now available in paperback and electronic (Kindle) format.
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Japanese wartime era postcard depicting the seizure of Rehe in northern China in late 1937.
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Shorenstein APARC
Stanford University
Encina Hall, Room C331
Stanford, CA 94305-6055

(650) 724-5656 (650) 723-6530
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Visiting Scholar
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Dominik Müller joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) from February until May 2013 from the Department of Anthropology at Goethe-University Frankfurt where he serves as a postdoctoral research associate.

His research interests encompass Islam and popular culture in contemporary Southeast Asia, Malaysian domestic politics, and socio-legal change in the Malay world.

During his time at the Shorenstein APARC, Müller will conduct research on the religious bureaucracy of Malaysia. His research project at Stanford is funded by the German Academic Exchange Service (DAAD).

Müller obtained his PhD summa cum laude in 2012 in cultural anthropology from the Cluster of Excellence the “Formation of Normative Orders” at Frankfurt University. He previously studied anthropology, philosophy, and law in Frankfurt and at Leiden University. His dissertation on Islam, Politics, and Youth in Malaysia received the Frobenius Society’s Research Award 2012 and will be published in 2013.

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