SCID and SCP present a special seminar with Professor Xiaonian Xu

The Chinese economy has grown so fast and for so long. But the “miracle” has started fading in recent years.  Why?  Prof. Xu argues that the reform era can be divided into two fundamentally different phases.  Phase I, from 1978 to the mid-1990s, is characterized by market-oriented reforms, whereas Phase II, from the mid-1990s onward, is dominated by government-led investment and interventions. Though China’s growth performance looks identical in numbers over the two phases, the source of growth has changed from efficiency gains to increased use of resources. Phase II growth is thus unsustainable, and worse, it has brought about structural distortions that severely undermine the economy’s growth potential. To maintain growth even at a moderate level, China needs to go beyond what the leadership has promised and planned.

Dr. Xiaonian Xu is Professor of Economics and Finance at CEIBS. He worked for China International Capital Corporation Limited (CICC) since 1999 as Managing Director and Head of Research. The research team under Dr. Xu was ranked No. 1 in 2002 among domestic brokerage firms by Chinese institutional investors. And Dr. Xu himself was voted in the same survey as the best in economics research. Prior to CICC, Dr. Xu was Senior Economist with Merrill Lynch Asia Pacific based in Hong Kong from 1997 to 1998. He worked as a consultant of the World Bank in Washington DC in 1996. Dr. Xu was appointed Assistant Professor of Amherst College, Massachusetts, from 1991 to 1995, teaching Economics and Financial Markets. He was employed by the State Development Research Center of China as a research fellow from 1981 to 1985.
 
Dr. Xu obtained Ph.D. in Economics, University of California, Davis, in 1991, and MA in Industrial Economics in 1981 from People's University of China . He received Sun Yefang Economics Prize in 1996, the highest Chinese award in the field, for his research on China 's capital markets. His research interests include: Macroeconomics, Finance, Financial Institutions and Financial Markets, Transitional Economies, and China 's Economic Reform. Dr. Xu is the recipient of the 2005 and 2006 CEIBS Teaching Excellence Award. Dr. Xu received the prestigious CEIBS Medal for Teaching Excellence in 2010. 

There are four serious island disputes in East Asia: from north to south, the Southern Kurile dispute (Russia vs. Japan), the Liancourt dispute (two Koreas vs. Japan), the Pinnacle dispute (Japan vs. two Chinas) and the Paracel-Spratly dispute (two Chinas vs. Vietnam, the Philippines, Malaysia and Brunei). All of these territorial disputes involve a perception of historical injustice by one of the parties. Japan's territorial claim against Russia is closely linked to the rancor over the Siberian Deportation (1945-56); Korea's territorial claim against Japan reflects the rancor over Japan's colonization (1910-45); Chinese territorial claims against Japan are rooted in the response to Japan's major invasion of mainland China going back to the Manchurian Incident (1931-45); and Vietnamese passion for the territorial claim against China is linked to the Sino-Vietnamese War (1979-89), among other things.

In this talk, the speaker will argue that the four territorial disputes over relatively unimportant islands in East Asia have persisted for such a long time not because of the contest for natural resources or the inherent importance of those territories but because of perceived historical injustice. If these disputes are to be settled now, the solutions therefore have to be political, taking perceived justice and injustice in consideration

Tetsuya Toyoda, has been teaching international law and constitutional law at Akita International University since 2007. Before that he was a project researcher at the University of Tokyo (2006-2007) and an official of the Ministry of Foreign Affairs (1994-2000). He graduated from the University of Tokyo (Faculty of Law) and obtained his Diplôme d’Etudes Approfondies from the University of Paris II-Panthéon-Assas. He is also a Visiting Professor at the Far Eastern Federal University, Vladivostok, Russia. 

Since Xi Jinping took the position of President of the People’s Republic of China, North Korea-China relations have been nothing less than a renewal of the alliance. This is a subtle change, brought about first of all by the missile launching in 2012 and then by the 3rd nuclear test, and finally by the deteriorating situation in the Northeast Asia. Both sides’ policy toward the other has become a “new game,” in which both have had different strategic goals from one another. The difference of the strategic orientation between China and North Korea has produced a new transformation beyond the traditional alliance officially called a “blood alliance.”

Dr. LI's research interests include U.S-North Korea relationsand China-North Korea relations. Dr. Li has been a Visiting Scholar at the Brookings Institution, Johns Hopkins SAIS, Incheon Development Institute (ROK) and Kim Il-Sung University (DPRK). He is a graduate of the Renmin University of China where he earned a PhD in National Strategy, MA in International Relations & Political Science, and BA in International Politics & Political Science. His main publications: A Study of Contemporary Western Theories of Grand Strategy (book), “Evaluating the Bush Administration’s North Korea Strategy,” (Journal of Contemporary Asia- Pacific Studies), An Emotional and Strategic Partner: China’s Humanitarian Aid to North Korea in the 21st Century(Brookings Institution).

This is a keynote speech open to the public during the Sixth Annual Koret Conference on "Engaging North Korea: Projects, Challenges, and Prospects."

The North Korean nuclear threat has now been with us for more than a quarter century.  Our policy of "strategic patience" seems more patient than strategic as the US waits for Pyongyang to meet certain preconditions before we return to the bargaining table.  But North Korea continues to develop both its nuclear weapons and missile systems, and there are no negotiations in sight.  What alternatives are there to our current approach?  If so, what might those look like?

Ambassador Bosworth is a former career diplomat, he served as U.S. Ambassador to the Republic of Korea, the Philippines, and Tunisia. Most recently, he served as U.S. Special Representative for North Korea Policy for the Obama administration. 

Financial reform is one of the key priorities identified at the Third Plenum in November while state-owned enterprises got little mention.  But will financial reform possibly lead to a fundamental reform of state-owned companies?

Nicholas R. Lardy, Anthony M. Solomon Senior Fellow, joined the Peterson Institute for International Economics in March 2003. Previously, he was a senior fellow in the Foreign Policy Studies Program from 1995 until 2003. Before Brookings, he served at the University of Washington, where he was the director of the Henry M. Jackson School of International Studies from 1991 to 1995. From 1997 through the spring of 2000, he was also the Frederick Frank Adjunct Professor of International Trade and Finance at the Yale University School of Management. He is an expert on Asia, especially the Chinese economy.

Lardy is a member of the Council on Foreign Relations and is a member of the editorial boards of the China Quarterly, Journal of Asian Business,China Review, and China Economic Review. He received his BA from the University of Wisconsin in 1968 and his PhD from the University of Michigan in 1975, both in economics.

This event is co-sponsored with CEAS and is part of the China under Xi Jinping series.

Ambassador Bosworth looks back on a career spanning five decades and foreign service assignments in Panama, Madrid, Paris, Tunis, Manila, Seoul and Washington.  Drawing on his involvement in issues ranging from control of the Panama Canal to the Arab oil embargo, North Korea's nuclear weapons program, the Asian financial crisis, the end of the Marcos regime in the Philippines, and how to deal with the opportunities and challenges of the rise of China, Bosworth tries to identify some basic principles and guidelines for the conduct of American foreign policy and relates stories about his personal experiences with leaders foreign and domestic.

Stephen W. Bosworth is a Senior Fellow at The Belfer Center for Science and International Affairs at the John F. Kennedy School of Government, Harvard University.  He is also the Chairman of the U.S.-Korea Institute at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS).  From 2001-2013, he served as Dean of The Fletcher School of Law and Diplomacy at Tufts University, where he now serves as Dean Emeritus.  He has also served as the United States Ambassador to the Republic of Korea from 1997-2001.

From 1995-1997, Mr. Bosworth was the Executive Director of the Korean Peninsula Energy Development Organization [KEDO], an inter-governmental organization established by the United States, the Republic of Korea, and Japan to deal with North Korea.  Before joining KEDO, he served seven years as President of the United States Japan Foundation, a private American grant-making institution.  He also taught International Relations at Columbia University’s School of International and Public Affairs from 1990 to 1994.  In 1993, he was the Sol Linowitz Visiting Professor at Hamilton College.  He has co-authored several studies on public policy issues for the Carnegie Endowment and the Century Fund, and, in 2006, he co-authored a book entitled Chasing the Sun, Rethinking East Asian Policy.

A public reception will follow the seminar in the Encina Hall Lobby.