International Development

FSI researchers consider international development from a variety of angles. They analyze ideas such as how public action and good governance are cornerstones of economic prosperity in Mexico and how investments in high school education will improve China’s economy.

They are looking at novel technological interventions to improve rural livelihoods, like the development implications of solar power-generated crop growing in Northern Benin.

FSI academics also assess which political processes yield better access to public services, particularly in developing countries. With a focus on health care, researchers have studied the political incentives to embrace UNICEF’s child survival efforts and how a well-run anti-alcohol policy in Russia affected mortality rates.

FSI’s work on international development also includes training the next generation of leaders through pre- and post-doctoral fellowships as well as the Draper Hills Summer Fellows Program.

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Korea is one of the leading countries in technology-driven global markets for semiconductors, HDTVs, and mobile phones; and in shipbuilding industry, but Korea has already faced challenges in its global markets.

Dr. Dongwook Lee, 2013 Visiting Scholar in Korean Studies, will discuss Korea's industrial convergence policies that would help Park administration achieve its national agenda, a creative economy.

Dr. Lee is Director General at the Ministry of Trade, Industry and Energy in Korea, and has served as a government official for the past twenty-two years. He led and took part in developing industrial convergence policies and laws. Dr. Lee holds a BA in business administration from Yonsei University, an MA in public administration from Seoul National University, and a PhD in economics from Konkuk University, in Korea. 

Philippines Conference Room

Dongwook Lee 2013 Visiting Scholar, Shorenstein APARC Speaker
Seminars
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At the November 2013 Third Plenum, China’s leaders committed to an ambitious program of economic reform.  Now their challenge is to convert those commitments into a realistic and sustained program of change.  Barry Naughton, just back from fall term at Tsinghua University in Beijing, examines the achievements and obstacles, and discusses how these fit in with the other initiatives of Xi Jinping’s complex emerging agenda.

Barry Naughton is a professor at the University of California, San Diego.  He is one of the world’s top experts on the Chinese economy, and a long-term analyst of Chinese economic policy. Naughton received his Ph.D. in Economics from Yale University in 1986.  Naughton was named the So Kuanlok Professor at the Graduate School of International Relations and Pacific Studies (IR/PS) of the University of California at San Diego in 1998.  He has consulted extensively for the World Bank, as well as for corporate clients.  Naughton is a member of the Council on Foreign Relations and is a non-resident fellow of the Brookings Institution in Washington, D.C.  

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

Philippines Conference Room

Barry Naughton Professor of Chinese Economy Speaker UCSD
Seminars
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Historically, in Japan, out-of-court corporate restructurings have played a significant role in disciplining managers in the near-absence of hostile takeover activity and shareholder activism. This paper analyzes management turnover in a large sample of Japanese firms that underwent restructurings between 1981 and 2010. I find that restructurings that happen in later stages of financial distress, and those that are not initiated by the firm itself, are more likely to involve management turnover, as are restructurings in which the firm's main business operations are left intact. Furthermore, in restructurings after the reforms around the year 2000, management turnover is more likely to occur if the local potential managerial labor market is substantial. After controlling for firm characteristics and the firm's initial financial condition, it does not appear that management turnover is associated with an improvement in post-restructuring operating performance--in fact, the effect is significantly negative by estimates that address the non-random nature of management turnover. However, for restructurings led by equity funds, management turnover is associated with a more successful turnaround of the firm's performance. These results suggest that equity funds possess the ability to locate and recruit talented outside managers in a thin market for experienced managers.

 

Michael Furchtgott is an economist interested in corporate finance and governance. His current research investigates Japanese corporate restructurings and the behavior of firms and lenders when financial distress arises.

Furchtgott has completed his PhD in economics at the University of California, San Diego, where his research on corporate financial restatements has demonstrated that firms frequently circumvent laws designed to protect investors.

He holds a BA in economics and mathematics from Columbia University.

Daniel and Nancy Okimoto Conference Room

Shorenstein APARC
Encina Hall C331
616 Serra Street
Stanford, CA 94304-6055

(650) 724-9747 (650) 723-6530
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Shorenstein Postdoctoral Fellow in Contemporary Asia
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Michael Furchtgott is an economist interested in corporate finance and governance. His current research investigates Japanese corporate restructurings and the behavior of firms and lenders when financial distress arises.

Furchtgott has completed his PhD in economics at the University of California, San Diego, where his research on corporate financial restatements has demonstrated that firms frequently circumvent laws designed to protect investors.

He holds a BA in economics and mathematics from Columbia University.

Michael Furchtgott Postdoctoral Fellow in Contemporary Asia Speaker Shorenstein APARC
Seminars
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Co-sponsored by the Stanford Center for International Development

Under what conditions is decentralization most likely to foster development and reduce poverty?  Plausible answers include:  a sufficiently committed central government; local checks against corruption; and sufficiently resourced actors able to deliver public services effectively. Indonesia is a good place to explore the explanatory power of these and other propositions, thanks to the country’s diverse local conditions and the rapid and sweeping (“Big Bang”) decentralization that it underwent in the late 1990s.  In his disaggregation of the Indonesian case since then, Dr. Sumarto will examine whether, how, and why poverty alleviation has been helped or hurt by particular economic, social, and political variations in the context and character of local governments across the archipelago.

Sudarno Sumarto was an Asia Foundation Visiting Fellow at APARC in 2009-2010.  In 2001-2009 he was the director of SMERU, a highly regarded independent institute for research and public policy studies in Jakarta.  He has served as a consulting economist for the World Bank, the Asian Development Bank, among other organizations, and has taught in Indonesia’s leading universities. His latest publication is Explaining Regional Heterogeneity of Poverty:  Evidence from Decentralized Indonesia (co-authored, 2013).  Earlier titles include more than sixty co-authored books, working papers, articles, chapters, and reports on topics such as poverty, decentralization, employment, vulnerability, and economic growth.  His degrees in economics include a PhD and an MA from Vanderbilt University and a BSc from Satya Wacana Christian University (Salatiga).

Lunch will be served.

Philippines Conference Room

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Shorenstein APARC/Asia Foundation Visiting Fellow
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Sudarno Sumarto is the Shorenstein APARC / Asia Foundation fellow for 2009-10.  He has a PhD and an MA from Vanderbilt University and a BS from Satya Wacana Christian University (Salatiga), all in economics.  Prior to joining Shorenstein APARC he was the director of SMERU for nearly 10 years. SMERU is an independent institution for research and public policy studies which professionally and proactively provides accurate and timely information, as well as objective analysis on various socioeconomic and poverty issues considered most urgent and relevant for the people of Indonesia. The institute has been at the forefront of the research effort to highlight the impact of government programs and policies, and has actively published and reported its research findings. The work expanded to include other areas of applied and economic research that are of fundamental importance to contemporary development issues. He was also a lecturer at Bogor Institute of Agriculture (IPB), Bogor, Indonesia.

Sumarto has contributed to more than sixty co-authored articles, chapters, reports, and working papers, including "Agricultural Growth and Poverty Reduction in Indonesia," in Beyond Food Production (2007); "Reducing Unemployment in Indonesia," SMERU Working Paper, 2007; "Improving Student Performance in Public Primary Schools in Developing Countries:  Evidence from Indonesia," Education Economics, December 2006; and “The Effects of Location and Sectoral Components of Economic Growth on Poverty: Evidence from Indonesia.” Journal of Development Economics, 89(1), pp. 109-117, May 2009.  As well as conducting research and writing papers, Sumarto has worked closely with the Indonesian government, giving advice on poverty issues and government poverty alleviation programs.

Sumarto has spoken on poverty and development issues in Australia, Chile, Peru, China, Egypt, Ethiopia, France, Japan, Morocco, Thailand, and the United Kingdom, among other countries.

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Sudarno Sumarto Senior fellow Speaker SMERU Research Institute
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Koret Distinguished Lecture Series: Lecture II

If East Asia is to make its anticipated much greater contribution to the world political and economic order in the coming years, the states and the peoples of the region will have to make continuous efforts to maintain and increase respect for the common values of humanity. Key to this is building mutual trust through historical reconciliation and rectification, which is necessary to ensure regional peace and prosperity and contribute to the global good. In the process of constructing a "civil consensus" resting on such universal human values as democracy, human rights, development cooperation, environmental protection, and ensuring peace, we must consider the role that the intellectual community in Asia should play alongside other world citizens. In his talk, President Oh will re-examine the responsibility of education in general and universities in particular in cultivating future world citizens who share the goal of upholding humanity’s common values. 

Dr. Oh received his BA in Political Science from Seoul National University, and his MPA and PhD in Public Administration from New York University.

The Koret Distinguished Lecture Series was established in 2013 with the generous support of the Koret Foundation. 

Philippines Conference Room

Oh Yeon-Cheon President, Seoul National University Speaker
Lectures
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The Korea Colloquium on History and Culture

 

Authors Kim In-suk and Kang Yŏng-suk and translator Bruce Fulton will appear at several American universities in November 2013 for a series of bilingual readings and discussions.  The tour begins at Stanford University and also includes literary events at Claremont McKenna College, the University of Wisconsin, and Brigham Young University, and in New York City.  During these visits the American reading public will have the opportunity to meet two of contemporary Korea’s most prominent fiction writers, hear samples of their works read in Korean and in English translation, engage in a dialog with the writers, and purchase copies of the authors’ works in translation.
 
Kim In-suk (김인숙) was born in 1963 in Seoul and studied journalism at Yonsei University.  A published writer at the age of 19, she issued her first story collection, Bloodline, in 1983, and her first novel, Flowers of Fire, in 1985.  She is the recipient of the 2003 Yi Sang Literature Prize for “Sea and Butterfly,” and the 2005 Hanguk ilbo Literature Prize for The Long Road, one of the very few Korean fictional works involving the Korean diasporic experience in Australia. Today, building on a three-decade career in letters, she is one of Korea’s senior writers, but an author whose literary sensibility and wide-ranging world view belie her age. Her most recent works are the story collection So Long, Elena, for which she received the 2009 Tongin Literature Prize; the historical novel Sohyŏn (2010); and the novel Could You Lose Your Mind? (2011), which conflates natural and human disaster.  She is represented in English in Koreana; the novella The Long Road (2010), the anthology Reading Korea: 12 Contemporary Stories (2008), and in an ASIA Bilingual Edition of her story “Stab.”.
 
Kang Yŏng-suk (강영숙) was born in 1966 in Ch’unch’ŏn, Kangwŏn Province, and studied creative writing at the Seoul Institute of the Arts.  Since her debut in 1998 she has issued half a dozen story collections and novels and garnered several literary awards, including the 2006 Hanguk ilbo Literature Prize for her first novel, Rina, and the 2011 Kim Yu-jŏng Literature Prize.  In 2009 she took part in the University of Iowa International Writing Program.  Her 2011 story collection The Night He Lifts Weights, honored with a Book-of-the-Year award from the Korean Library Association, is strongly colored by urban noir, the stories set in locales within and without Korea.  She is represented in English translation in Azalea 4.
 
Bruce Fulton is the co-translator, with Ju-Chan Fulton, of numerous volumes of modern Korean fiction, including the award-winning women’s anthologies Words of Farewell: Stories by Korean Women Writers (Seal Press, 1989) and Wayfarer: New Writing by Korean Women (Women in Translation, 1997), and with Marshall R. Pihl, Land of Exile: Contemporary Korean Fiction, rev. and exp. ed. (M.E. Sharpe, 2007).  The Fultons’ most recent translations are River of Fire: Stories by O Chŏnghŭi (Columbia University Press, 2012) and How in Heaven’s Name: A Novel of World War II by Cho Chŏngnae (MerwinAsia 2012).  The Fultons have received several awards and fellowships for their translations, including a National Endowment for the Arts Translation Fellowship, the first ever given for a translation from the Korean; and a residency at the Banff International Literary Translation Centre, the first ever awarded to translators from any Asian language.  Bruce Fulton is the inaugural holder of the Young-Bin Min Chair in Korean Literature and Literary Translation, Department of Asian Studies, University of British Columbia.
 
The International Communication Foundation (ICF), primary sponsor of Encounter 2013, was inaugurated in April 1982 as a non-profit foundation under the Ministry of Culture and Public Information. The ICF contributes to globalization through promotion of international exchange while supporting research and publication activities that introduce Korean culture to the world.  Since 1997 it has offered Korean Literature Translation Fellowships to graduate students translating from Korean into English, Russian, and Chinese.  ICF endowments created the Young-Bin Min Chair in Korean Literature and Literary Translation at the University of British Columbia and the Sunshik Min Fund at Harvard University for the translation and publication of Korean literature.  Since 1999 the ICF has provided major funding for annual author tours of North America, introducing many of contemporary Korea’s most important fiction writers to North American readers.
 

Philippines Conference Room

Kim In-suk author Speaker
Kang Yŏng-suk author Speaker
Bruce Fulton translator Speaker
Lectures
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Maritime security has become an increasingly salient point of friction in China-Japan relations. The focus has been small islands called Senkaku in Japanese and Diaoyu in Chinese, islands that both countries claim but Japan controls. Besides the territorial claims, many issues are at play:  historical memory, geo-strategy, the quest for natural resources, domestic nationalisms, the capacity of governments to manage crises, and Tokyo’s and Beijing’s relationship with the United States. Richard Bush, author of The Perils of Proximity: China-Japan Security Relations will address the two countries growing rivalry in the maritime domain and the implications for the United States.

Richard C. Bush III is a Senior Fellow at the Brookings Institution, Director of its Center for Northeast Asian Policy Studies, and holder of the Chen-Fu and Cecilia Yen Koo Chair in Taiwan Studies.

Bush came to Brookings in July 2002, after serving almost five years as the Chairman and Managing Director of the American Institute in Taiwan, the mechanism through which the United States Government conducts substantive relations with Taiwan in the absence of diplomatic relations.

Bush began his professional career in 1977 with the China Council of The Asia Society. From July 1983 to June 1995, we worked on the staff of the House Foreign Affairs Committee, first on the Subcommittee on Asian and Pacific Affairs (chair, Steve Solarz), and then the full committee (chair, Lee Hamilton). In July 1995, he became National Intelligence Officer for East Asia and a member of the National Intelligence Council, which coordinates the analytic work of the intelligence committee. He left the NIC in September 1997 to become head of AIT.

Bush received his undergraduate education at Lawrence University in Appleton, Wisconsin. He did his graduate work in political science at Columbia University, getting an M.A. in 1973 and his Ph.D. in 1978. He is the author of a number of articles on U.S. relations with China and Taiwan, and of At Cross Purposes, a book of essays on the history of America’s relations with Taiwan (M. E. Sharpe, 2004). In July 2005, Brookings published Untying the Knot: Making Peace in the Taiwan Strait. In March 2007, through Wylie Publishers, Richard Bush and his Brookings colleague Michael O’Hanlon released A War Like No Other: The Truth About China’s Challenge to America. In 2010, Brookings published his Perils of Proximity: China-Japan Security Relations, which focused on growing tensions in the East China Sea. In January 2013, Brookings published his Uncharted Strait: The Future of China-Taiwan Relations

Philippines Conference Room

Richard C. Bush Director, Center for East Asia Policy Studies; Senior Fellow, Foreign Policy; The Michael H. Armacost Chair; The Chen-Fu and Cecilia Yen Koo Chair in Taiwan Studies Speaker The Brookings Institution
Seminars
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Co-sponsored by the Stanford Center for International Development

Recent scholarship has documented an alarming increase in the sex ratio at birth in parts of East Asia, South Asia and the Caucuses. In this paper, I argue that parents in these regions engage in sex selection because of patrilocal norms that dictate elderly coresidence between parents and sons. Sex ratios and coresidence rates are positively correlated when looking across countries, within countries across districts, and within districts across ethnic groups. The paper then examines the roots of patrilocality and biased sex ratios using the Ethnographic Atlas (Murdock 1965). I find that ethnic groups in areas with land conducive to intensive agriculture have stronger patrilocal norms, higher modern coresidence rates, and higher sex ratios at birth. The paper concludes with an examination of the expansion to old age support in South Korea. Consistent with the paper’s argument, I find that the program was associated with a normalization in the sex ratio at birth.

Avi Ebenstein received his Ph.D. in economics from the University of California, Berkeley in 2007 is a Lecturer at the Hebrew University of Jerusalem in the Department of Economics. His fields of interest include environmental economics, economic demography, and international trade. Avi's past research has focused primarily on issues related to  China, including the health impacts of air and water pollution, causes and consequences for the country’s high sex ratio at birth, internal migration, and the impact of China’s entry into the global economy on wage patterns domestically and in the United States. He is currently a Visiting Research Scholar at the Center for Health and Wellbeing at Princeton University.

Philippines Conference Room

Avraham Ebenstein Lecturer Speaker The Hebrew University of Jerusalem in the Department of Economics
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This talk is presented by the Greater China Business Club (GCBC) of Stanford Graduate School of Business and the Association of Chinese Students and Scholars at Stanford (ACSSS). 

In July 2013, a Ted Talk “A tale of two political systems” was posted, and was instantly viewed millions of times around the world. In the talk, Mr. Eric X. Li, a venture capitalist and a political scientist argued that the universality claim of Western democratic systems was going to be "morally challenged" by China.  

Do you agree? What do you think? Now you have the opportunity to discuss with Mr. Li face to face!

On Nov.6, Mr. Li will come to Stanford and talk with Professor Thomas Fingar on China’s Political System, its status, development, competitiveness and so on. Watch the Ted Talk and come to the event. We look forward to seeing you there!

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Eric X. Li is a political scientist and an active participant in the intellectual discourses on the re-emergence of China as a great power and its impact on the world.  His writings on comparative political governance and international relations have been widely published in leading publications such as the New York Times, Foreign Affairs, Financial Times, and Huffington Post.  His most recent publications, The Life of the Party (Foreign Affairs, January/February, http://www.foreignaffairs.com/articles/138476/eric-x-li/the-life-of-the-party), Warring States (http://www.theasanforum.org/warring-states-the-coming-new-world-disorder/) and his talk at TED Global 2013 (http://www.ted.com/talks/eric_x_li_a_tale_of_two_political_systems.html), have generated active debates around the globe.

Mr. Li is a native of Shanghai.  He received his B.A. in Economics from University of California, Berkeley, M.B.A. from Stanford Business School, and PhD from Fudan University’s School of International Relations and Public Affairs.

Thomas Fingar is the inaugural Oksenberg-Rohlen Distinguished Fellow in the Freeman Spogli Institute for International Studies at Stanford University. He was the Payne Distinguished Lecturer at Stanford during January to December 2009. 

From May 2005 through December 2008, he served as the first deputy director of national intelligence for analysis and, concurrently, as chairman of the National Intelligence Council. He served previously as assistant secretary of the State Department’s Bureau of Intelligence and Research (2004–2005), principal deputy assistant secretary (2001–2003), deputy assistant secretary for analysis (1994–2000), director of the Office of Analysis for East Asia and the Pacific (1989–1994), and chief of the China Division (1986–1989). Between 1975 and 1986 he held a number of positions at Stanford University, including senior research associate in the Center for International Security and Arms Control.

Fingar is a graduate of Cornell University (AB in government and history, 1968), and Stanford University (MA, 1969 and PhD, 1977 both in political science). His most recent book is Reducing Uncertainty: Intelligence Analysis and National Security (Stanford University Press, 2011).

Room 380W, Building 380, Main Quad
Stanford University

Eric X. Li Founding and Managing Partner Speaker Chengwei Capital

Freeman Spogli Institute for International Studies
Stanford University
Encina Hall, C-327
Stanford, CA 94305-6055

(650) 723-9149 (650) 723-6530
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Affiliated Scholar at The Center for International Security and Cooperation (CISAC)
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Thomas Fingar is an affiliate at the The Center for International Security and Cooperation (CISAC) in the Freeman Spogli Institute for International Studies at Stanford University. He was the inaugural Oksenberg-Rohlen Distinguished Fellow from 2010 through 2015 and the Payne Distinguished Lecturer at Stanford in 2009.

From 2005 through 2008, he served as the first deputy director of national intelligence for analysis and, concurrently, as chairman of the National Intelligence Council. Fingar served previously as assistant secretary of the State Department’s Bureau of Intelligence and Research (2000-01 and 2004-05), principal deputy assistant secretary (2001-03), deputy assistant secretary for analysis (1994-2000), director of the Office of Analysis for East Asia and the Pacific (1989-94), and chief of the China Division (1986-89). Between 1975 and 1986 he held a number of positions at Stanford University, including senior research associate in the Center for International Security and Arms Control.

Fingar is a graduate of Cornell University (A.B. in Government and History, 1968), and Stanford University (M.A., 1969 and Ph.D., 1977 both in political science). His most recent books are From Mandate to Blueprint: Lessons from Intelligence Reform (Stanford University Press, 2021), Reducing Uncertainty: Intelligence Analysis and National Security (Stanford University Press, 2011), The New Great Game: China and South and Central Asia in the Era of Reform, editor (Stanford University Press, 2016), Uneasy Partnerships: China and Japan, the Koreas, and Russia in the Era of Reform (Stanford, 2017), and Fateful Decisions: Choices that will Shape China’s Future, co-edited with Jean Oi (Stanford, 2020). His most recent article is, "The Role of Intelligence in Countering Illicit Nuclear-Related Procurement,” in Matthew Bunn, Martin B. Malin, William C. Potter, and Leonard S Spector, eds., Preventing Black Market Trade in Nuclear Technology (Cambridge, 2018)."

Selected Multimedia

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Thomas Fingar Oksenberg-Rohlen Distinguished Fellow Speaker FSI
Lectures
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One of the most important developments in the modern global economy is financial globalization. This has raised threats to the stability of political regimes in two ways: (1) by enhancing the possibility of a financial crisis that could cause political turmoil; and (2) by easing access to foreign sources of financing for opposition political groups. I argue that state capitalism – defined as state-owned publicly listed corporations -- has risen disproportionately among single party regimes as a way to address these dual threats. Single party regimes have both the motivation and a greater institutional capacity for addressing these threats in comparison to other regimes. Tests are conducted on 607 firms in 1996 and 856 firms in 2008 across seven East Asian economies, and are supplemented with case studies of Malaysia and South Korea.  The evidence suggests that financial globalization is contributing to the rise of the state as a counter reaction.

Richard W. Carney is a Fellow in the Department of International Relations located in the College of Asia and the Pacific at the Australian National University. His research and teaching are in the areas of international and comparative political economy with a focus on corporate governance and finance in East Asia. He has published articles in many academic journals including the Journal of Financial Economics, the Journal of East Asian Studies, and Business and Politics. He is also the author of the book Contested Capitalism: The Political Origins of Financial Institutions, and editor of the book Lessons from the Asian Financial Crisis. He was a Jean Monnet Fellow at the European University Institute in Fiesole, Italy (2003-04), and has held visiting positions at INSEAD. He holds a Ph.D. in Political Science (UCSD 2003). Before joining the ANU in 2011, he was an Assistant Professor in Singapore.

Daniel and Nancy Okimoto Conference Room

Richard W. Carney Fellow, Department of International Relations Speaker Australian National University
Seminars
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