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This paper examines how diversely organized capitalist societies evolve by analyzing the transformation of Japan’s financial system since the 1990s. The banking, securities and insurance, as well as the postal financial institutions changed significantly, but are hardly converging to Anglo-American or ‘liberal market’ models. The authors contend that Japan’s new financial system is best characterized as syncretic, with new, traditional and hybrid forms of practices, organizations and norms coexisting. Syncretism in industry was driven by a distinctive pattern of interest group politics we call syncretization. Strong political leadership, facing serious electoral threats, shifted the policy logic from gradual incremental reforms following traditional interest group dynamics, to rapid reforms that excluded the traditionally powerful interest groups most affected by these reforms. We support the notion that diverse industry outcomes can be complementary to broader political economic reforms that take Japan away from its traditional model, part of a broader ‘convergence towards diversity.’

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Socio-Economic Review
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Kenji E. Kushida
Kaoru (Kay) Shimizu
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In an International Economy article, Daniel C. Sneider explores the troubling history of China-Japan tension. He concludes that China and Japan have every reason to pull back from
the brink of conflict—and most importantly, the United States serves a crucial role in reminding both nations of the need for peace and stability in this vital region. But the economics of the global supply chain cannot wipe away the cumulative effect of the “poisoned well” of a history of hostility. Japanese Premier Abe may wish to put the past aside and be, as he says, “forward looking.” But a failure to address the past is likely to lead to repeating it.

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The International Economy
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The Ninth Korea-U.S. West Coast Strategic Forum was held at the Lotte Hotel in Seoul on November 13, 2012, hosted by the Sejong Institute. The Ninth Forum’s three sessions focused on the implications of major leadership changes in the United States, South and North Korea, and China. Established in 2006 by Stanford University’s Shorenstein Asia-Pacific Research Center (Shorenstein APARC) and now convening semi-annually alternating between Stanford and Seoul, the Forum brings together distinguished South Korean (Republic of Korea, or ROK) and American scholars, experts, and former military and civilian officials to discuss North Korea, the U.S.-ROK alliance, and regional dynamics in Northeast Asia. Operating as a closed workshop under the Chatham House Rule of individual confidentiality, the Forum allows participants to engage in candid, in-depth discussion of current issues of vital national interest to both countries.

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Shorenstein APARC
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The eighth session of the Korea-U.S. West Coast Strategic Forum was held at Stanford University on June 1, 2012. Established in 2006 and now convening semiannually alternately in Stanford and Seoul, the Forum brings together a distinguished group of South Korean (Republic of Korea, or ROK) and American scholars, experts, and former military and
government officials to discuss North Korea, the U.S.-ROK alliance, and regional dynamics in Northeast Asia. Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center is co-organizer of the Forum in association with its partner, the Sejong Institute of Korea. The Forum operates as a closed workshop under the Chatham House Rule of individual confidentiality, allowing participants to engage in frank, in-depth discussion of current and emerging issues of importance and interest to both countries.

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The Sejong Institute of Korea hosted the seventh session of the Korea-U.S. West Coast Strategic Forum at the Lotte Hotel in Seoul on December 13, 2011. Established in 2006 by Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC), the Forum brings together distinguished South Korean (Republic of Korea, or ROK) and American scholars, experts, and former military and civilian officials to discuss North Korea, the U.S.-ROK alliance, and regional dynamics in Northeast Asia.

Since the third session, the Sejong Institute has been Shorenstein APARC’s Korean counterpart in organizing and hosting the Forum. Meetings are held semi-annually, alternating between Stanford University and Seoul. Operating as a closed workshop under the Chatham House Rule of individual confidentiality, the Forum allows participants to engage in candid, in-depth discussion of current issues of vital national interest to both countries.

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North Korea has smuggled monarchy through the front door of its communist system. Korea's millennia-long history of kings and queens means that the people of the DPRK have only known monarchy or dictatorship (Japanese, 1910-45; the Kim family's, 1945--present); ordinary people frequently refer to their leader as "wang," or king. Unlike with Kim Jong Il (who resembled his mother, not his father), the regime has gone out of its way to identify Kim Jong Un with his grandfather--and the grandson, in turn, has adopted the characteristic public style of Kim Il Sung. Many American commentators mistakenly assume that when the leader dies, North Korea will be like the Soviet Union after Stalin, or China after Mao. In fact it has gone through two stable leadership transitions, in 1994 and 2011, and given Kim Jong Un's youth, there may not be another one for many years.

This event is co-sponsored by Center for East Asian Studies, Department of East Asian Languages and Cultures, Department of History and Korean Studies Program

Please register at http://ceas.stanford.edu/events/event_detail.php?id=3147.

For questions and details, please contact Ms. Marna Romanoff at romanoff@stanford.edu

Building 200 - Room 307,
Main Quad

Bruce Cumings Gustavus F. and Ann M. Swift Distinguished Service Professor in History and the College and Chair of the Department of History Speaker the University of Chicago
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KSP associate director David Straub joined a panel organized by The Korea Society on February 28 to discuss the opportunities and challenges facing the new South Korean government of President Park Geun-hye.

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President-elect Park Geun-hye of South Korea spoke at the Walter H. Shorenstein Asia-Pacific Research Center in 2009.
Rod Searcey
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Forecasting is a difficult profession. International economist David Hale and writer Lyric Hughes Hale do not claim they can foretell the future. But as veteran observers of the Asian economies, they can envision scenarios that are contrary to current conventional wisdom, and trends that deserve more attention than they are given in the media. What if China and Japan actually engage in armed conflict? Could East Asia experience its own version of the Arab Spring? What would be the consequences of another major earthquake in Japan? When the United States was the dominant power in the Pacific, security interests and economic interests were aligned in the region. Now that China has become the largest trading partner for many ASEAN countries, a new Great Divergence is emerging, with  potentially destabilizing consequences. While our national attention has been dominated by the Middle East for a decade now, in the coming era of energy self-sufficiency in the United States, we must shift our focus to the Far East.

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David Hale
David Hale
Global Economist & Chairman
David Hale Global Economics, Inc.

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Lyric Hughes Hale
Lyric Hughes Hale
Independent International Affairs Professional &
Board Director, The Japan America Society of Chicago

Philippines Conference Room

Seminars
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North Korea, arguably the most isolated country in the world, poses unique challenges for journalists. Access to the country is severely limited and even when a journalist is able to gain entry, the secretive and repressive nature of the state significantly limits what can be learned. Still, despite these difficult conditions, the realities of North Korean life are increasingly finding their way into various media, from newspaper reporting and on-line media to thinly fictionalized accounts.

This panel will take a multi-faceted look at the coverage of North Korea through the journalist (represented by 2012 Shorenstein Journalism Award winner Barbara Demick), the editor, the development/relief worker, and the novelist.

Panelists include:

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Barbara Demick
Barbara Demick, has been Beijing bureau chief for the Los Angeles Times since 2008. She has focused on human trafficking, corruption, and minorities, as well as North Korea. Demick is the author of two books -- Nothing to Envy: Ordinary Lives in North Korea and Logavina Street: Life and Death in a Sarajevo Neighborhood. Her work has won awards from the Asia Society, the Overseas Press Club, the American Academy of Diplomacy, among others. Her North Korea book, which has been translated into more than 20 languages, recently won the International Book Award on Human Rights. She is a graduate of Yale and taught a seminar on coverage of repressive regimes at Princeton University. She lives in Beijing with her son Nicholas.

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Susan Chira
Susan Chira, was named assistant managing editor for news for the New York Times in September 2011. Previously, she had served as foreign editor (since January 2004), and as editorial director of book development (since September 2002). Before that, Chira was the editor of the "Week in Review" section at the Times (since October 1999), after having served as deputy foreign editor of the newspaper (since February 1997). Earlier, she served in a variety of reporting positions including national education correspondent, Tokyo correspondent (from October 1984 until February 1989), metropolitan reporter in the Albany and Stamford bureaus, and reporter for the "Business Day" section.
 

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Katharina Zellweger
Katharina Zellweger, a Pantech Fellow, joined the Korean Studies Program at the Walter H. Shorenstein Asia-Pacific Research Center after five years of living in Pyongyang where she has served as the North Korea country director for the Swiss Agency for Development and Cooperation (SDC). Through her SDC and earlier work, she has witnessed modest economic and social changes not visible to most North Korea observers. Her research at the Center has drawn on her over 15 years of humanitarian work in North Korea and explore how aid intervention can stimulate positive sustainable change there

 

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Adam Johnson
Adam Johnson is an associate professor of English, with emphasis in creative writing, at Stanford University. A Whiting Writers’ Award winner, his fiction has appeared in Esquire, Harper's, Playboy, Paris Review, Granta, Tin House, and Best American Short Stories. He is the author of Emporium, a short-story collection, and the novel Parasites Like Us, which won a California Book Award. His novel The Orphan Master's Son, a novel set in North Korea, has just been published by Random House. His books have been translated into sixteen languages. Johnson was a 2010 National Endowment for the Arts Fellow.

Bechtel Conference Center

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With new or newly re-elected leaderships in both North and South Korea and all of Korea’s neighbors and the United States, the year 2013 will see increased diplomatic movement regarding the Korean Peninsula. Accordingly, the fifth annual Koret conference will take the form of a policy workshop on North Korea policy. The workshop participants will examine the interests and policies of the new governments of North and South Korea and their neighbors toward the "North Korea problem" and consider what policy adjustments may have made possible by the leadership changes. They will consider initiatives that the concerned countries, individually and collectively, could take to begin a sustainable process of establishing permanent peace and security on the Korean Peninsula and realizing economic and political liberalization in North Korea.

The 5th Annual Koret Conference is made possible by the generous support of the Koret Foundation.

Bechtel Conference Center

Conferences
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