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Mr. Sun will try to establish a new research framework to analyze the monetary policy transmission mechanism. In this field, previous research has usually assumed that the banking sector would completely transmit the purpose of the central bank to the real sector, thus paying attention to the channels from the banking sector to the real sector. Because the transmission of monetary policy in the banking sector is the most important part of deciding the effectiveness of monetary policy, this research focuses on the transmission mechanism of monetary policy from the central bank to the banking sector. The concept of ?cushion storage reserve? was created by Mr. Sun and was introduced to this framework to analyze the comparison of reserve supply and reserve demand. Based on this concept and a related main formula, commercial banks? behaviors were divided into three reactive approaches -- sterilize, forbear, and adjust. According to the different kinds of reactions, monetary policy has different effects. This new analyzing framework makes the analysis of monetary policy operation more concise and effective. At the end of his paper, Mr. Sun will try to use this approach to explain the present monetary situation of China and Japan. Lunch will be provided for those who RSVP by 3/29/04.

Okimoto Conference Room, Encina Hall

Sun Guofeng APARC Visiting Fellow People's Bank of China
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The honeymoon between China and the U.S. tech industry is over, and the warm feelings may be gone for a while. APARC's Lawrence J. Lau comments.

History shows that these sorts of trade problems can last a long time. In the '80s, Japanese and U.S. semiconductor manufacturers sparred constantly. A truce only began in the '90s when Japan was already mired in an economic slide. Moreover, such trade quarrels can lead to global incompatibilities that linger for years and hurt both importers and exporters. "I believe there are genuine security concerns on China's part, although the domestic industry is also likely to benefit," said Lawrence Lau, the Kwoh-Ting Li professor of economic development at Stanford University. "This happens quite often. Our cell phones do not work in Japan, so the Japanese manufacturers and distributors have a lock in their home market. However, that did not exactly help Japan. By setting a different standard, Japan has actually limited the growth of its own cell phone companies."

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Ambassador Park joined the Republic of Korea's Ministry of Foreign Affairs in 1963 and has served as deputy minister for political affairs, ambassador to Morocco and Canada, ambassador to the UN office in Geneva and GATT, chancellor of the Institute of Foreign Affairs and National Security, special envoy to Iran, Jordan, Qatar and Oman, chief representative of the ROK on the UN Security Council, and president of the UN Security Council. He is currently president of the UN Association of the Republic of Korea.

Philippines Conference Room

Park Soo-Gil Former Ambassador of the Republic of Korea to the United States; Representative on the UN Sub-Commission on the Protection and Promotion of Human Rights (2000-2003)
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Consider the paradox: Singapore's economy is well developed, yet civil society in the city-state has failed to generate significant pressure for greater openness and more democracy. Nor does Singapore appear to have been affected by the ?Third Wave? of democratization that has swept other parts of the world. Scholars have tried to account for the conundrum by noting the deterrent effect of extensive state power, including the Internal Security Act (ISA), which allows for detention without trial. The state in Singapore has been likened to a large banyan tree whose omnipresent foliage casts shadows so wide and deep that no other organisms can take root or grow.

In her talk, Prof. Kadir will challenge this explanation as overdrawn. She will question the extent to which the Sinagpore state has remained immune from societal pressures, and explore the increasingly complex dynamics of society-state interaction. Based on a review of different civil-society actors and actions, she will highlight two modes in which social groups are proactive toward the state: by engaging it through interest advocacy, and by resisting it through efforts to protect their own autonomous space. The conventional wisdom is partly correct: Civil society does suffer the stunting shadows of the banyan tree. Yet social pressures are being felt. Ironically, some of these pressures, far from undermining the state, have helped it to remain strong.

Suzaina Kadir, currently a fellow at the Asia Research Institute in Singapore, is writing a book on state power and religious authority in Indonesia.

Daniel and Nancy Okimoto Conference Room

Suzaina Kadir Assistant Professor, Political Science National University of Singapore
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Excerpt:

Q (T L Sankar): Why do utilities charge different rates to different consumers?

A (Rafiq Dossani): Firstly, the cost-to-serve for each category of consumer varies depending on several factors. There are technical reasons such as power factor, voltage of supply and so on which are set out in the Electricity Supply Act, 1948. There are also commercial reasons. In some situations, the total quantity of power available could not be sold, unless some categories of consumers we are charged a lower tariff. There are also considerations of equity or the need to meet the merit wants of the poorer population, which prompted differential pricing.

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IIMB Management Review
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Rafiq Dossani
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Conflicting claims over Kashmir have been the main cause of hostility between India and Pakistan. The Kashmir dispute is complex. Although the area is predominantly Muslim, significant other religious minorities coexist in Indian Kashmir, while Pakistan Kashmir is linguistically divided from the rest of Kashmir. Nevertheless, both sides of the region are linked by common historical aspirations for a united Kashmir. India and Pakistan have fought several times over differences in their vision for Kashmir, which itself differs from the Kashmiri vision. During the late 1980s, an armed uprising in Indian Kashmir over independence resulted in the deaths of an estimated 60,000 people. A peaceable resolution should look at the region's history and culture even as it balances India and Pakistan's ambitions over Kashmir. It is not obvious, though, that such a resolution must be a "once-and-for-all-time" resolution or an agreed-to process without a committed timeline or, indeed, goals. The seminar will present and discuss these issues. Samina Ahmed is project director for South Asia at the International Crisis Group. She has worked previously as a research fellow at the Belfer Center for Science and International Affairs at the John F. Kennedy School of Government, Harvard University; the Institute of Regional Studies, Islamabad; and the Pakistan Institute of International Affairs, Karachi. Dr. Ahmed has a masters degree in international relations and a Ph.D. in political science from the Australian National University, Canberra. Dr. Ahmed is the author of several book chapters and articles in academic journals and the print media. Her publications include ?The United States and Terrorism in Southwest Asia: September 11 and Beyond,? International Security, Vol. 26, (Winter 2001/2002); ?Pakistan: Professionalism of an Interventionist Military? in Muthiah Alagappa, ed., Military Professionalism in Asia: Conceptual and Empirical Perspectives (Honolulu: East-West Center, University of Hawaii, 2001), and a co-edited book.

Philippines Conference Room, Encina Hall

Samina Ahmed Project Director, South Asia International Crisis Group, Pakistan Office
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Daulah Islamiyya (Islamic sovereignty, or an Islamic state) is a declared objective of the Southeast Asian terrorist group Jemaah Islamiyya. In Malaysia, where parliamentary elections are expected to be held in April, both the Muslim-Malay party (UMNO) in the ruling coalition and the Islamist party (PAS) opposed to UMNO have offered rival visions of Malaysia as an Islamic state. Radical groups in Indonesia have proposed replacing the "Pancasila state" in their country with an Islamic state. So what exactly is an "Islamic state"? And why does it matter so much for politics -- radical or democratic -- in Muslim Southeast Asia? Dr. Martinez will review and explore the contexts, in theory and in practice, that can help us understand what this debate is about. Patricia Martinez, a Malaysian, is among the most highly regarded and widely published scholars working on Islam in Southeast Asia. She is based at the University of Malaya in Kuala Lumpur, where she is senior research fellow for Religion and Culture and Head of Intercultural Studies at the Asia-Europe Institute. Her writings relevant to her talk include "Islam, Constitutionalism and the Islamic State" (2004) and "The Islamic State or the State of Islam in Malaysia"(2001). A 2003 essay, "Deconstructing Jihad; Southeast Asian Contexts," is available at http://www.ntu.edu.sg/idss/new-publi.asp. Dr. Martinez has just returned to Stanford from speaking engagements in Australia.

Philippines Conference Room

Asia-Pacific Research Center
Encina Hall E301
Stanford University
Stanford, CA 94305-6055

(650) 723-9741 (650) 723-6530 PhD
Fulbright Visiting Scholar
Patricia Martinez
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Dr. Takanaka will offer a political explanation for why Japan was delayed in dealing with its financial problems in the 1990s. He will explain why -- after the Japanese financial system became unstable following the collapse of the bubble economy in the early 1990s -- the government was delayed in developing institutions to secure the system's stability. Dr. Takanaka?s talk will focus on the incentives of the political players involved in formulating financial policy, particularly the politicians and leaders of the ruling parties, and the Ministry of Finance.

Okimoto Conference Room, Encina Hall

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

(650) 725-2375 (650) 723-6530
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PhD

Harukata Takenaka is an associate professor of political science at the National Graduate Institute for Policy Studies in Tokyo. He specializes in comparative politics and international political economy, with a particular focus on Japanese political economy. His research interests include democracy in Japan, and Japan's political and economic stagnation since the 1990s. He is currently working on aborted democratization in prewar Japan, the politics of Japan's financial crisis since the 1990s and the role of the Japanese Senate (House of Councilors) in postwar Japanese politics.

He received a B.A. from the Faculty of Law of the University of Tokyo and an M.A. and Ph.D. in political science from Stanford University. He is the author of Senze Nihon ni okeru Minshuka no Zasetsu [Aborted Democratization in Prewar Japan], (Bokutakusha, 2002), and the co-editor of Akusesu Kokusai Seijikeizai [Access to International Political Economy],(Nihon Keizai Hyoronsha, 2003).

Shorenstein Fellow, 2002-2003
Harukata Takanaka
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Redefining Japan & the U.S. - Japan Alliance is generously funded by the Japan Foundation for Global Partnership. Additional funds provided by Ripplewood Holdings, L.S.C., The Sasakawa Peace Foundation, the Japan-United States Friendship Commission and the Walter H. Shorenstein Forum for Asia-Pacific Studies. International transportation supported by Continental Airlines and All Nippon Airways.

Bechtel Conference Center

William J. Perry Panelist
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Former Shorenstein APARC Fellow
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Michael Armacost (April 15, 1937 – March 8, 2025) was a Shorenstein APARC Fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) from 2002 through 2021. In the interval between 1995 and 2002, Armacost served as president of Washington, D.C.'s Brookings Institution, the nation's oldest think tank and a leader in research on politics, government, international affairs, economics, and public policy. Previously, during his twenty-four-year government career, Armacost served, among other positions, as undersecretary of state for political affairs and as ambassador to Japan and the Philippines.

Armacost began his career in academia, as a professor of government at Pomona College. In 1969, he was awarded a White House Fellowship and was assigned to the Secretary and Deputy Secretary of State. Following a stint on the State Department's policy planning and coordination staff, he became a special assistant to the U.S. ambassador in Tokyo from 1972 to 74, his first foreign diplomatic post. Thereafter, he held senior Asian affairs and international security posts in the State Department, the Defense Department, and the National Security Council. From 1982 to 1984, he served as U.S. ambassador to the Philippines and was a key force in helping the country undergo a nonviolent transition to democracy. In 1989, President George Bush tapped him to become ambassador to Japan, considered one of the most important and sensitive U.S. diplomatic posts abroad.

Armacost authored four books, including, Friends or Rivals? The Insider's Account of U.S.–Japan Relations (1996), which draws on his tenure as ambassador, and Ballots, Bullets, and Bargains: American Foreign Policy and Presidential Elections (2015). He also co-edited, with Daniel Okimoto, the Future of America's Alliances in Northeast Asia, published in 2004 by Shorenstein APARC. Armacost served on numerous corporate and nonprofit boards, including TRW, AFLAC, Applied Materials, USEC, Inc., Cargill, Inc., and Carleton College, and he currently chairs the board of The Asia Foundation.  

A native of Ohio, Armacost graduated from Carleton College and earned his master's and doctorate degrees in public law and government from Columbia University. He received the President's Distinguished Service Award, the Defense Department's Distinguished Civilian Service Award, the Secretary of State's Distinguished Services Award, and the Japanese government’s Grand Cordon of the Order of the Rising Sun.

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Michael H. Armacost Panelist
Yoichi Funabachi Columnist and Chief Diplomatic Correspondent Panelist Asahi Shimbun
Tian Zhongqing Senior Fellow and Director, Department of World Economy Panelist Shanghai Institute for International Studies
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FSI Senior Fellow Emeritus and Director-Emeritus, Shorenstein APARC
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Henry S. Rowen was a senior fellow at the Hoover Institution, a professor of public policy and management emeritus at Stanford University's Graduate School of Business, and a senior fellow emeritus of the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC). Rowen was an expert on international security, economic development, and high tech industries in the United States and Asia. His most current research focused on the rise of Asia in high technologies.

In 2004 and 2005, Rowen served on the Presidential Commission on the Intelligence of the United States Regarding Weapons of Mass Destruction. From 2001 to 2004, he served on the Secretary of Defense Policy Advisory Board. Rowen was assistant secretary of defense for international security affairs in the U.S. Department of Defense from 1989 to 1991. He was also chairman of the National Intelligence Council from 1981 to 1983. Rowen served as president of the RAND Corporation from 1967 to 1972, and was assistant director of the U.S. Bureau of the Budget from 1965 to 1966.

Rowen most recently co-edited Greater China's Quest for Innovation (Shorenstein APARC, 2008). He also co-edited Making IT: The Rise of Asia in High Tech (Stanford University Press, 2006) and The Silicon Valley Edge: A Habitat for Innovation and Entrepreneurship (2000). Rowen's other books include Prospects for Peace in South Asia (edited with Rafiq Dossani) and Behind East Asian Growth: The Political and Social Foundations of Prosperity (1998). Among his articles are "The Short March: China's Road to Democracy," in National Interest (1996); "Inchon in the Desert: My Rejected Plan," in National Interest (1995); and "The Tide underneath the 'Third Wave,'" in Journal of Democracy (1995).

Born in Boston in 1925, Rowen earned a bachelors degree in industrial management from the Massachusetts Institute of Technology in 1949 and a masters in economics from Oxford University in 1955.

Faculty Co-director Emeritus, SPRIE
Senior Fellow, Hoover Institution
Henry S. Rowen Moderator
Conferences
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Based on long-term research and regular research-focused visits to China, Dr. Scharping will sketch developments in Chinese birth control since the 1990s. He will also discuss the puzzle of recent Chinese birth figures and the astonishing results of the 2000 national census in China.

Daniel and Nancy Okimoto Conference Room

Thomas Scharping Chair, Modern China Studies e of Cologne, Germany
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