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Li is interested in the design of macroeconomic policies that mitigate financial frictions in firm investments. Her current research focuses on quantifying the cost of resolving insolvent firms and its impact on aggregate output in China and Japan.

Prior to coming to Stanford, Li was a Japanese Government Scholarship holder, and graduated with a BA and an MA in economics from the University of Tokyo.  

In October 2006, only a few short months after John Everard, a former Pantech Fellow with Stanford’s Korean Studies Program, arrived in Pyongyang to serve as the British ambassador, North Korea conducted its first-ever nuclear test. Everard spent the next two-and-a-half years meeting with North Korean government officials and attending the official events so beloved by the North Korean regime. During this complicated period he provided crucial reports back to the British government on political developments.

He also traveled extensively throughout North Korea, witnessing scenes of daily life experienced by few foreigners: people shopping for food in Pyongyang’s informal street markets, urban residents taking time off to relax at the beach, and many other very human moments. Everard captured such snapshots of everyday life through dozens of photographs and detailed notes.

Only Beautiful, Please: A British Diplomat in North Korea, released in June from the Shorenstein Asia-Pacific Research Center, recounts Everard’s experiences during his stay in North Korea. The book goes beyond official North Korea to unveil the human dimension of life in that hermetic nation. Everard recounts his impressions of the country and its people, his interactions with them, and his observations on their way of life. He provides a picture as well of the life of foreigners in this closed society, considers how the DPRK evolved to its current state, and discusses the failure of current approaches to tackle the challenges that it throws up. The book is illustrated with striking and never-before-seen photographs taken by Everard during his stay in North Korea.

Related Events

• June 25, 2012, 2:00 p.m. to 3:30 p.m. 
  Brookings Institution, Falk Auditorium, Washington, DC 
  More details 
  Audio podcast and transcript 
   
• June 19, 2012, 6:00 p.m. to 8:00 p.m. 
  Korea Society headquarters, New York City 
  More details 
  Video 
   

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On May 18, 2012, the Pentagon released its annual report about the People’s Republic of China’s (PRC) recent military developments. The PRC Ministry of Defense has sharply criticized the report, saying it portrays China as rapidly building up its military for non-defense purposes.

Military strength is only one part of the national security strategies of both countries and stable U.S.-China relations are an important factor for the overall peace and prosperity of the Asia-Pacific region, said Karl Eikenberry during the annual Oksenberg lecture, held May 14 at Stanford.Eikenberry, FSI’s Payne Distinguished Lecturer and a Shorenstein APARC affiliate, discussed key factors shaping China’s national security strategy and corresponding developments in the People’s Liberation Army (PLA); constraints on China’s military capabilities; and implications of China’s economic and political growth for U.S. defense strategy.

In his opening remarks, Eikenberry, who served as U.S. ambassador to Afghanistan from 2009 to 2011 and whose distinguished military career included three decades of significant China experience, described Shorenstein APARC senior fellow Michel Oksenberg’s passionate commitment to teaching Stanford students about China. The annual lecture, established by Shorenstein APARC in 2002, honors the memory of Oksenberg’s academic career and the major role he played in normalizing and strengthening U.S.-China relations.

The key drivers behind the PRC’s current national security strategy, Eikenberry said, include preserving the legitimacy and power of the Chinese Communist Party (CCP), resolving territorial and sovereignty issues, and maintaining China’s rapid economic growth. The PLA, which has watched its budget grow at an annual rate of 10 percent nearly every single year since 1989, exists to support the goals of the CCP. Its own tasks are, in turn, driven by the most urgent needs of the CCP, including protecting China’s economic and territorial interests in the Asia-Pacific region, bringing it into potential conflict with the United States. A major goal of the PLA at present, Eikenberry said, is to develop its technological capabilities, in areas such as space and naval defense, to prevail in regional conflicts if peaceful resolution is not possible. He said China’s immediate motive, however, is less about driving the United States out of the Asia-Pacific as it is about reconfiguring the region’s—and the overall U.S.—power paradigm, which has remained unchanged since World War Two.

China’s defense budget is second in the world only to the United States—approximately 1.3 percent of the country’s GDP—but it faces several potential challenges to its continued rapid expansion and operational capabilities, Eikenberry said. Maintaining economic growth and social stability are likely to tax the CCP in the coming years, he said, and domestic security concerns could constrain the pace of Chinese defense modernization. In addition, issues within the PLA itself, such as corruption and the over-centralization of its command, could hold China’s military capabilities back. 

Eikenberry concluded his remarks with thoughts on how the United States should respond to China’s “rise” and increasing military strength. An important first step, he said, is to address U.S. domestic issues, including balancing the national budget while still allowing significant resources for military R&D and personnel training. Eikenberry also advocated supporting regional and global institutions, both economic and security oriented, in which China can participate as a responsible stakeholder. He further stressed the importance of improved engagement with U.S. regional allies. Finally, he emphasized the significance of developing processes of dialogue for avoiding and managing future conflicts between the United States and China.

Eikenberry’s remarks were followed by a lively question-and-answer session with the audience, which included numerous China experts from the Stanford community, students, and members of the general public.

The Asia Health Policy Program (AHPP) at Stanford’s Shorenstein Asia-Pacific Research Center (Shorenstein APARC) looks forward to welcoming its incoming 2012–13 research fellows from Mongolian Medical University, the University of Hawai’i, and Harvard. AHPP’s new fellows specialize in research topics including cervical cancer prevention, migrant remittances, and the political economy of support for the elderly.
 

Developing Asia Health Policy Fellows

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Baigalimaa Gendendarjaa will be joining AHPP from the Mongolian National Cancer Center. Her research includes a comparative study of how knowledge of cervical cancer risk factors has influenced behavior changes in Mongolia before and after the introduction of the National Cervical Cancer Program. She holds a master’s degree in medicine from Mongolian Medical University.

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Asia Health Policy Postdoctoral Fellow 

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Yuki Takagi earned her PhD in government from Harvard University and is completing a postdoctoral fellowship at Princeton. Her dissertation research focuses on the political economy of support for the elderly and intergenerational family transfers, such as nursing and childcare, focusing on Japan. Takagi holds bachelor of economics and master of law degrees from the University of Tokyo.

Throughout the academic year the AHPP fellows will present seminars, take part in individual and collaborative research projects, and participate in campus events.