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While it is known as a leading center for the study of contemporary Northeast Asia, the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) has also conducted significant research and publishing activities about South Asia for more than a decade. Rafiq Dossani, a senior research scholar at Shorenstein APARC and a former director of Stanford's Center for South Asia (CSA), serves as the executive director of the Center's South Asia Initiative. Addressing key South Asia issues, his diverse research interests range from entrepreneurship and technology to economics and security.

"In a liberal democracy with a functioning rule of law, the socioeconomic condition of Muslims [in India] has, relative to the population, steadily declined.

-Rafiq Dossani


Most recently, Dossani launched a research project with Shorenstein APARC's Henry S. Rowen and CSA's Thomas Blom Hansen to study the socioeconomic conditions faced by Muslims in India. He is currently working on an article on the subject for the March 2011 inaugural edition of Avicenna, Stanford's new journal on Muslim affairs. "In a liberal democracy with a functioning rule of law," says Dossani, "the socioeconomic condition of Muslims [in India] has, relative to the population, steadily declined." He emphasizes that since Independence in 1947, Muslims, who make up 13 percent of India's population, have had equal access to power in the Congress Party-led national government. One difference, however, is that special provisions have been made to provide jobs and education for members of lower-caste Hindu and tribal groups. "Generally speaking, Muslims have lost out," states Dossani. India's government demonstrated its concern about this growing issue by publishing a 2005 report acknowledging clear cases of discrimination against Muslims, even at the government level. Discrimination, says Dossani, has led to a ghettoization of Muslims and a movement towards a religion-based identity, which he suggests will not only work against Muslims but also has security implications for the country. "It is understood at the top level by policymakers, and yet the situation persists," he cautions.

In addition to South Asia-specific research, Dossani has participated in several interdisciplinary, multi-country studies, including a project examining higher education in the "BRIC" countries of Brazil, the Russian Federation, India, and China. Led by Martin Carnoy, the Vida Jacks Professor of Education at Stanford's School of Education, members of the research team interviewed approximately seven thousand students and studied one hundred colleges and universities in India, focusing on engineering education. "It is one of the most globally comparable [disciplines]," says Dossani. For India, the findings indicate that the cost of education, which is approximately twelve hundred dollars per year for tuition, is affordable for many families and it has a high rate of return in terms of how quickly students find employment and recoup tuition costs. On a global level, however, the quality of education does not measure up to many other countries, such as the United States. Dossani cites the highly politicized nature of India's university system as a major reason for this. While 95 percent of India's colleges are now private, government-run universities confer degrees, set the curriculum, and direct appointments to high-level positions. There is a certain degree of corruption, and teacher and student unions are tied to political parties. According to Dossani, states tend to emphasize the quantity of campuses—particularly in poor, rural areas—over the quality of curriculum and instruction, in order to garner votes. "[The university system] is in a state of stasis," he says, "so the quality does not improve."

Dossani is actively engaged in numerous other research projects, including studies of telecommunications in India, and outsourcing, private equity, security, and regional integration in relation to South Asia. He is also currently serving as the co-chair of the 2011 conference held by the Industry Studies Association, which annually convenes a large interdisciplinary academic conference. Scholars participating in the 2011 conference will discuss findings in their areas of specialization within the broader themes of general industry studies; energy, power, and sustainability; globalization; innovation and entrepreneurship; labor markets, organizations, and employment relations; and transportation and logistics.

In addition to his research, Dossani is an avid volunteer. A recipient of the 2011 Asian American Heroes Award for Santa Clara County, he has volunteered for many years with Hidden Villa, a San Francisco Bay Area-based nonprofit organization dedicated to teaching about the environment and social justice. He also chairs the United States branch of Focus Humanitarian Assistance (FOCUS USA), an international non-profit group that conducts disaster preparedness and response activities in developing countries. Dossani traveled last summer to Taijikistan to visit villages where FOCUS USA is supporting the training of emergency-response volunteers, the earthquake retrofitting of schools, the installation of early-warning systems, the stockpiling of supplies, and the building of shelters. The area is close to the border of Afghanistan and surrounds Lake Sarez, which at over ten thousand feet is one of the world's highest glacial lakes. In addition to earthquakes caused by frequent seismic activity in the area, flooding of Lake Sarez and its adjoining rivers due to heavy glacial melt is an issue of major concern. 

Through his work with FOCUS USA, Dossani has learned about techniques that work to successfully address nontraditional security issues, such as the economic hardship and the displacement of people due to natural disasters. Non-governmental organizations and governments can successfully collaborate, he maintains, and nothing, in fact, can be done in a country without the support of its government. Effective results are less about policy than about focusing on establishing trust over a period of time, especially at a local level, states Dossani. "Being effective requires partnerships and trust," he says. He points to the United Nations, a globally respected entity, as a successful organization for smaller or new non-profit groups to partner with. Dossani's group has also found that disaster-preparedness measures, such as paying emergency-response volunteers, can actually offer significant economic benefits. For example, in the area where they operate, where the per capita income is two hundred and thirty dollars, the additional six dollars per day that volunteers receive is a major boost to a family's income. The work of such groups could potentially serve as a model for governments looking for more effective ways to address nontraditional security issues. 

In conjunction with his Shorenstein APARC work to address key South Asia issues, Dossani frequently speaks at events in the San Francisco Bay Area and worldwide. More information about his research and publishing activities and about Shorenstein APARC's vibrant South Asia Initiative, including publications such as Does South Asia Exist? Prospects for Regional Integration (Shorenstein APARC, 2010) and Prospects for Peace in South Asia (Stanford University Press, 2005), can be found on the Shorenstein APARC website.

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In light of the recent ousting of the presidents of Egypt and Tunisia, Donald K. Emmerson, director of the Southeast Asia Forum, steps back from the continually evolving regional turbulence to consider what it may say about the future. In a February 22 Asia Times op-ed, while noting that each country's situation is unique, Emmerson argues that social networking as an aspect of globalization could trigger further transnational spread effects in years to come. Nevertheless, he warns, authoritarians will try to adapt the technology to their own purposes. Finally, noting the basically secular character of the demonstrations, he argues that the power and promise of political Islam should not be overdrawn.
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India's western state of Gujarat is positioning itself for overseas investment, having already attracted investment pledges from major domestic entities such as the Anil Dhirubhai Ambani Group and the Tata Group. Shorenstein APARC senior research scholar Rafiq Dossani, who participated in the January 2011 Vibrant Gujarat road show, emphasizes that amidst the excitement over economic growth, the state must still deal with the legacy of the communal riots in 2002 that killed hundreds of people and has led to the ghettoization of the state’s Muslims, who represent 10% of its population.
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The Japanese economy has been stagnating for almost two decades. During this event, Takeo Hoshi will describe the findings of a report that he co-authored with Anil Kashyap of the Booth School of Business at the University of Chicago, the National Bureau of Economic Research (NBER), and the Federal Reserve Bank of Chicago. In the report, Hoshi and Kashyap utilized the neoclassical growth model in order to try to explain the causes of this stagnation and to identify policy choices that might help restore growth. Their focus was intentionally on longer-term issues, rather than the immediate challenges that are associated with the fallout from the global recession.

Looking at financial globalization and the collapse of the fixed exchange rate regime they found that by the end of the 1970s Japan could not rely on an undervalued currency to boost its exports. It had to rearrange its production system and other economic institutions to cope with globalization to reduce its reliance on external demand.

Japan's population structure was shifting and becoming increasingly elderly. Aging meant slower growth of the labor force. Declining fertility combined with aging eventually reduced the domestic saving that supported economic expansion during the rapid economic growth period.

Finally, monetary and fiscal policy performed poorly. The Bank of Japan consistently undershot its inflation objective. The government pursued massive fiscal stimulus during the 1990s and 2000s, so much so that Japan went from having the best debt position amongst advanced economies to the worst.

Hoshi is a Pacific Economic Cooperation Professor in international economic relations at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He is also a research associate at the Tokyo Center for Economic Research, and is on the board of directors for Union Bank. His major research area is the study of the financial aspects of the Japanese economy, especially corporate finance and governance.

He is a recipient of the 2011 Reischauer International Education award, the 2006 Enjoji Jiro Memorial Prize, and the 2005 JEA-Nakahara Prize. Among his many publications is Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001), which received the Nikkei Award for the Best Economics Books in 2002.

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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 Pacific Economic Cooperation Professor in International Economic Relations Speaker Graduate School of International Relations and Pacific Studies, University of California, San Diego
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East Asia's demographic landscape is rapidly changing and comparative academic research is crucial to help guide well-informed decisions in the many policy areas that are affected, such as security, economics, and immigration. From January 20 to 21, the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) gathered subject experts from numerous fields for two days of lively and productive presentations and dialogue to help identify key research issues and questions for its new, three-year research initiative on this significant subject.

Shorenstein APARC held a public panel discussion on January 20, featuring eight scholars from across the United States and Asia. The issue of aging featured prominently in their presentations, as did fertility rates and immigration. A full audio recording of the panel discussion is available on the Shorenstein APARC website and summaries of the presentations follow below. A closed-session workshop took place the next day, the discussions from which will serve as the foundation for future programs and publications related to the research initiative.

January 20 Panel Discussion Presentations

The link between demography and security is more tenuous in East Asia than in other parts of the world, suggested Brian Nichiporuk, a political scientist with the RAND Corporation. Nichiporuk discussed possible policy responses to demographic change in Japan, North and South Korea, the Russian Federation, and China. He suggested, for example, that Japan's new maritime security focus is related to perceived economic and political competition from China, which is magnified by its domestic demographic concerns.

Michael Sutton, a visiting fellow with the East-West Center in Washington, DC, stated that Japan's aging population would remain a major policy issue for the next 20–30 years. He emphasized that the policy challenges posed by this phenomena are complicated by the role that the United States plays in the regional security structure, and also by the growing dominance of China and the history that it shares with Japan. Nonetheless, maintained Sutton, despite the obvious challenges, it is possible for Japan and the other countries facing this demographic issue to successfully adapt.

Social attitudes and policy in East Asia do not favor immigration, as they do in European countries such as Spain and Italy, suggested John Skrentny, director of the Center for Comparative Immigration Studies at the University of California, San Diego. Skrentny focused his talk on low-skill immigrant workers in South Korea and Japan, noting that these two countries, which began receiving workers in the 1970s and 1980s, commonly associate immigrants with social disruption. According to Skrentny, immigration policy is often tied to economics and tends to favor co-ethnic workers.

Chong-En Bai
, chair of the Department of Economics at Tsinghua University, discussed numerous economic policy implications and responses related to demographic change in China. He noted areas where successful policies have been adopted but challenges still remain, including savings and investment, labor and urbanization, pension, healthcare, and long-term care. Bai described, for example, how the children of rural migrants now have access to urban schools, but that they still face the logistical challenge of having to travel back to their home provinces to take college entrance examinations.

Examining demographic change and health improvements is essential to understanding the significant economic growth in East Asia over the past several decades, emphasized David Bloom, chair of the Department of Global Health and Population at Harvard University. He noted the success of East Asian countries in lowering their infant mortality rates through investment in public health improvements, such as sanitation and vaccination. Bloom suggested that these and other past successful policy mechanisms have run their course, and that it is now imperative to find ways to address the region's key demographic issue of aging.

Naohiro Ogawa, director of the Population Research Institute at Nihon University, described findings from the National Transfer Accounts (NTA) project, an international effort to gauge economic flows across age groups. He discussed the pressure placed on Japan's working-age population by the increasing cost of caring for children and the elderly, as well as the challenges and possibilities related to having a large, healthy, aging population. Ogawa noted that institutional responses to demographic change, such as increasing the retirement age and adopting more open immigration policy, have moved slowly in Japan.

Andrew Mason, a professor of economics at the University of Hawai'i, Manoa, also utilized NTA data to make predictions about East Asia's economic future. He proposed that the amount of human capital, such as the money that parents spend on the education of their children, is likely to grow quite rapidly. He also suggested that financial wealth in East Asia is likely to increase significantly as the populations of its countries age. Finally, he suggested that the current trend of regional economic growth would continue, although at a somewhat steadier rate. Mason qualified his predictions with questions, such as whether the return on investment in education would be commensurate with what is spent.

James Raymo, a professor of sociology at the University of Wisconsin-Madison, described a wide array of findings about changes in fertility and family structure in Japan and their connections, as well as possible policy implications. Raymo discussed trends in marriage, childbearing, divorce, non-marital cohabitation, and the participation of women in the labor force. He pointed to gaps in current research, and suggested possible linkages to research on other demographic trends, such as Japan's aging population.

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About the event

On Tuesday, March 1, SPRIE and Alibaba.com hosted “Entrepreneurship in the Global Marketplace,” a seminar featuring noted venture capitalists, entrepreneurs and executives. The seminar was the first in a series being conducted at several California universities under the auspices of the Schwarzenegger Emerging Entrepreneur Initiative.

Famed venture capitalist Tim Draper kicked off the event, sharing his insight on trends and strategies relevant to global business.  Multiple facets of China’s role in supporting and enabling entrepreneurial ventures were spotlighted, including the presentation of new research on the rise and global impact of Chinese e-commerce, a talk by an executive from Chinese e-commerce giant Alibaba.com, and lessons from a diverse set of entrepreneurs whose businesses depend on international trade. Additional perspectives were shared by China- and U.S.-based VCs.

This event was one of many being held at Stanford University during Entrepreneurship Week 2011, including compelling lectures, workshops, mentoring sessions, a job fair, and more. See full details at the Stanford Entrepreneurship Week website.


About the hosts

The Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) is dedicated to advancing the understanding and practice of innovation and entrepreneurship in leading high technology regions in the global economy. Through and international and interdisciplinary research, publications, executive education, and conferences, SPRIE impacts the arenas of academia, policy, and business.

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Alibaba.com is a publicly-traded company (HK:1688) focused on facilitating global trade and entrepreneurship through e-commerce for small businesses with more than 56 million users across 240 countries.

The Schwarzenegger Emerging Entrepreneur Initiative is a program to spur entrepreneurship and stimulate job growth in California, created by Alibaba.com in partnership with former Governor Arnold Schwarzenegger. Through a series of interactive events, the initiative aims to provide 3,000 California university students with guidance, skills and entrepreneurial know-how to start their own businesses and participate successfully in the knowledge-based networked economy.

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Timothy C. Draper Founder Speaker Draper Fisher Jurvetson
Tami Zhu Head of International Business Development and Marketing Speaker Alibaba.com Americas
Duncan Clark Visiting Scholar Speaker SPRIE
Mike Effle CEO Speaker Vendio
Marguerite Gong Hancock Associate Director Speaker SPRIE
William F. Miller Co-director Speaker SPRIE
Jonathan Ross Shriftman Co-founder Speaker Solé Bicycle Co
Ryder Fyrwald Vice President of Global Operations Speaker Kairos Society
Sanjay Subhedar Managing Director Speaker Storm Ventures
Hans Tung Partner Speaker Qiming Ventures
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Young Muk Jeon is a corporate affiliate visiting fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2011. Jeon has more than 20 years of experience in financial markets since he joined Samsung Life Insurance Co. Ltd. Prior to coming to Shorenstein APARC, he worked as head of the Global Investment Team. The team is responsible for the company's general account investment, including global fixed income, public and private equities, as well as liquidity accounts. Jeon participated in the Investment Relationship Road Show for IPO of Samsung Life Insurance Co. Ltd., in which he covered all of the investment issues and questions related to Samsung Life's asset management. As of May 2010, Samsung Life is listed on the Korean stock market. 

Jeon earned his bachelor's degree in business administration from Yonsei University in Korea, and received his MBA from the University of Pennsylvania's Wharton School.

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Today is the last day of the Year of the Tiger in Vietnam. Tomorrow is the Year of the Cat (while in China it is Year of the Rabbit).

There was so much talk about Vietnam being an Asian Tiger in the past. Now, there is a growing concern about the country getting into the "middle-income trap." There is a real risk that the country might turn out to be just a cat and not a tiger.

The Party is aware of that threat and is struggling to find the right path to accelerated prosperity for the people while maintaining political monopoly.

This talk will be from the perspective of a man on the ground and will try to separate the smoke from the fire and find the heat.

Mr. Kien Duk Trung Pham is currently the Chairman of Red Bricks Group, a private investment firm. He is the founder of the Vietnam Foundation and the Vice Chairman of the VietNamNet Media Group, the leading multi-channel media company in Vietnam. Prior to VietNamNet he was the founding executive director of the Vietnam Education Foundation.

In business, Mr. Pham was a market development executive in Fortune 500 companies as well as an entrepreneur in technology and consulting startups. In government, he served in the executive branch under Presidents Reagan and Bush, as well as in the U.S. Senate. He has established nonprofit foundations to assist college students, orphans, and the handicapped in Vietnam. Mr. Pham is publicly recognized for his leadership and management abilities.

Mr. Pham is active in international affairs. In 1986, he was chosen a Young Leader by the American Council on Germany, and in 1992 a U.S.-Japan Leadership Fellow by the Japan Society. In 1993, he was elected as a term-member of the Council on Foreign Relations and a participant in the American Assembly. Mr. Pham was the founder and chairman of the Vietnam Forum Foundation, a U.S. nonprofit organization that provides college scholarships, schools, and orphanage support in Vietnam. He was also a Board member of the Vietnam Assistance for the Handicapped, a leading humanitarian program to help war victims. In 1996, Mr. Pham was a recipient of the "Never Fear, Never Quit" Award.

Mr. Pham grew up in Saigon, Vietnam. In 1977, at the age of 19, he led his family on a high sea escape and came to the United States where they settled in Colorado. Mr. Pham became a factory worker, learned English, and later attended college on scholarship. He received a BS in marketing and international business from the University of Colorado at Boulder, and won a scholarship to study in England. His graduate degrees, earned concurrently at Stanford University, include an MBA in international and organizational management, an MA in international economics, and a special diploma in public policy management. In 1990, Stanford University named Mr. Pham among of the "Most Outstanding Alumni" in the school's 100 years of history. Mr. Pham is former White House Fellow and a recipient an honorary JD degree from Pfeiffer University.

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Pham Duc Trung Kien Executive Chairman Speaker Red Bricks Group (RBG)
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It takes guts to lead. Technical skill requirements vary across the private, public, and social sectors, but the essentials of good leadership needed to move any organization forward are the same. In all three sectors, Gita Wirjawan has exercised leadership and achieved results. Based on his knowledge and experience, he will offer advice on how to survive and be effective in one, two, or all three of these dynamic environments--how to succeed wherever your passion takes you.

Gita Wirjawan has been closely and causally linked to Indonesia's rising profile as a dynamic emerging-market economy. As head of his country's Investment Coordinating Board since 2009, he has traveled the world stimulating capital inflows. At home he has worked to improve the policy climate for productive investment. His efforts have contributed to boosting Indonesia's ratings as a place to invest and its current six-percent annual rate of economic growth. His own career in business has included founding and managing a successful private equity fund, Ancora Capital, and serving as a former lead executive in the Indonesian affiliates of JP Morgan and Goldman Sachs. In the social sector he has championed education through his Ancora Foundation, whose grants have enabled talented young Indonesians to study at the world's leading universities. A graduate of Harvard's JFK School of Government, he is a classically trained pianist and a jazz buff proficient on several instruments. Another company he founded, Omega Pacific, has produced more than a dozen albums by young Indonesian musicians.

This event is co-sponsored with the Stanford Graduate School of Business, Center for Global Business and the Economy

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Gita Wirjawan Chairman Speaker Indonesian Investment Coordinating Board
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