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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Corporate Affiliate Visiting Fellow
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Bin Wang is a corporate affiliate visiting fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2012-13. 

 From 1993 to 98, Wang worked for the Ministry of Electronic Industry of China (MEI).  At MEI, he was in charge of managing the Electronic Industry Development Fund, which invested in companies engaged in information technology in China.  He also participated in the research and formulation of industrial policy.  In 1999, Wang set up a high-tech company and served as its CEO.  The company specialized in developing embedded software and finally became the only provider of mobile payment solutions for China UnionPay.  This company was acquired in 2010 as a price of $47.5 million USD and generated over 100x returns for the initial investors.  Wang joined Infotech Ventures, a leading venture investment company in China, as a venture partner in 2010.  His current responsibilities include identifying potential investment projects in the IT industry and doing research in venture investment and entrepreneurship.  Wang received his bachelor's degree in management engineering from the University of Electronic Science and Technology and his master's degree in public administration from Sichuan University. 

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Corporate Affiliate Visiting Fellow
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Masashi Suzuki is a corporate affiliate visiting fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2012–13.  Suzuki has over 11 years of experience in the information technology arena at Sumitomo Corporation, one of the major trading and investment conglomerates in Japan, and its subsidiaries.  His experience in the IT industry includes system development, project management, sales, business development and strategy planning. While at Stanford, Suzuki is researching the difference in the profitability and structure of IT businesses between the United States and Japan.  Suzuki is interested in applying his knowledge gained here to his work and overall helping to revive the economy in Japan.  Suzuki graduated from Chuo University with a degree in business administration.

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Corporate Affiliate Visiting Fellow
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Ryo Masuda is a corporate affiliate visiting fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2012-13.  Masuda has more than six years of experience in media markets working for Sumitomo Corporation, one of Japan's major trading and investment conglomerates.  Most recently, Masuda worked for Japan's largest CATV operator, one of Sumitomo Corporation's affiliated companies, where he was responsible for business development.  Masuda graduated from Hitotsubashi University with a bachelor's degree in commercial science.

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Corporate Affiliate Visiting Fellow
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Chengbao He is a corporate affiliate visiting fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2012-13.  Since 2005, He has been the vice deputy director of the Science and Technology Management Department of PetroChina.  He is responsible for the R&D management of the refining and chemical businesses of PetroChina and for the intellectual property management.  He graduated from Tianjin University with a master's degree in chemical engineering in 1990.  After graduating, he worked at the Dalian Petrochemical Company (DPC) for 16 years, serving as the vice president in 2002.  DPC became the largest refinery in China which had a crude oil capacity of 400kBPSD.  During the period from 2002 to 2005, He was responsible for the technology of DPC's capacity expansion project.  In 2012, He graduated from the University of Houston with an Executive MBA degree.

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Corporate Affiliate Visiting Fellow
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Yasuaki Hanai is a corporate affiliate visiting fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2012-13.  Hanai has more than eight years of experience in energy markets working for NEC Corporation.  Most recently, Hanai was responsible for business development in the areas of environmental protection and energy management systems.  Hanai graduated from Meiji University with a bachelor's degree in mechanical engineering informatics.

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Corporate Affiliate Visiting Fellow
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Niranjan Acharya is a corporate affiliate visiting fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2012-13.  Acharya has been a part of the Reliance Life Sciences Pvt. Ltd. since 2004.  In his role as a sales head, he is responsible for leading and managing the sales team for achieving the growth plans of the organization.  He is also involved in engaging with the senior management to develop and implement sales strategies that help in expanding the business opportunities of the company.  Acharya holds a bachelor's degree from Mangalore University and brings experience from prior work engagements with companies such as Pfizer Ltd. and Bayer (India) Ltd.

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This research aims to better understand the impact of the Matlab health interventions by using panel data to control for unobservables and understand the dynamics and long-term effects of these programs. Heterogeneity in the fertility response to the family planning program is analyzed, using sequential fertility to isolate the family planning program from other interventions and examine heterogeneity based on time-varying characteristics. The link between childhood measles vaccination and school enrollment is examined using instrumental variables, and is motivated by the hypothesis that by avoiding the long-term health effects of a disease, vaccinated children are higher-achieving. Both analyses generate interesting findings that are not captured using the traditional methodologies and outcomes of program evaluation.

Julia Driessen, PhD, is an assistant professor of health policy and management in the Graduate School of Public Health at the University of Pittsburgh. She has a secondary appointment in the Department of Economics. In 2011 Dr. Driessen received her PhD in Economics from Johns Hopkins University. Her research interests include program evaluation and the links between health interventions and socioeconomic status, with an emphasis on heterogeneity of program effects as well as long-term outcomes. Recent research has analyzed the schooling effects of childhood measles vaccination and variation in the fertility response to a family planning program in Bangladesh. Her primary new interest since arriving at Pitt is the clinical and financial effects of electronic medical records in developing countries.

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Julia R. Driessen Assistant Professor of Health Policy and Management in the Graduate School of Public Health Speaker the University of Pittsburgh
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Recent academic papers have shown that the Japanese sovereign debt situation is not sustainable. The puzzle is that the bond rate has remained low and stable. Some suggest that the low yield can be explained by domestic residents’ willingness to hold Japanese government bonds (JGBs) despite its low return, and that as long as domestic residents remain home-biased, the JGBs are sustainable. About 95% of JGBs are currently owned by domestic residents. This paper argues that even with such dominance of domestic investors, if the amount of government debt breaches the ceiling imposed by the domestic private sector financial assets, the JGB rates can rapidly rise and the Japanese government can face difficulty rolling over the existing debt. A simulation is conducted on future paths of household saving and fiscal situations to show that the ceiling would be breached in the next 10 years or so without a drastic fiscal consolidation. This paper also shows that the government debt can be kept under the ceiling with sufficiently large tax increases. The JGB yields can rise even before the ceiling is hit, if the expectation of such drastic fiscal consolidation disappears. This paper points out several possible triggers for such a change in expectation. However, downgrading of JGBs by credit rating agencies is not likely to be a trigger, since past downgrades have not produced any change in the JGB yield. If and when the JGB rates rapidly rise, the Japanese financial institutions that hold a large amount of JGBs will sustain losses and the economy will suffer from fiscal austerity, financial instability, and inflation.

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The National Bureau of Economic Research
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Takeo Hoshi
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Stanford’s Korean Studies Program (KSP) has recently been awarded with a major gift from Hana Financial Group and a grant from the Korea Foundation, which will provide a major boost to Stanford’s already strong K-12 outreach education offerings. KSP will collaborate closely with the Stanford Program on International and Cross-Cultural Education (SPICE) on its outreach activities.

Hana Financial Group has provided $600,000 for the next five years in support of an annual Hana-Stanford Conference on Korea for U.S. Secondary School Teachers. The first conference took place this summer, from July 23 to 25, at Stanford. It brought together secondary school educators from across the United States and a cadre of Korean teachers from Hana Academy Seoul for intensive and lively sessions on a wide assortment of Korean studies-related topics ranging from U.S.-Korea relations to history, and religion to popular culture. In addition to scholarly lectures, the teachers took part in curriculum workshops and received numerous classroom resources developed by SPICE.

The Korea Foundation has awarded a three-year grant of $609,527 to support the new K-12 Education on Korea in the United States curriculum development project. Gary Mukai, director of SPICE, noted, “The coverage of Korea in U.S. high school curriculum is often limited to the Korean War.” To help address the identified need to broaden the coverage of Korea, KSP will work with SPICE to develop three high school-level curriculum units and Stanford’s first distance-learning course on Korea for high school students. The curriculum units will examine the experience of Korean Americans in U.S. history; various aspects of traditional and modern Korean culture; and the development of South Korea’s economy. The distance-learning course, called the Sejong Korean Scholars Program (SKSP), will be offered in 2013.

The SKSP will annually select 25 exceptional high school sophomores, juniors, and seniors (from public and private schools) from throughout the United States to engage in an intensive study of Korea. The SKSP will provide students with a broad overview of Korean history, literature, religion, art, politics, and economics—with a special focus on the U.S.–Korean relationship. Top scholars, leading diplomats, and other professionals will provide lectures to students as well as engage them in dialogue. These lectures and discussions will be woven into a broader curriculum that provides students with reading materials and assignments. The SKSP will encourage these students to become future leaders in the U.S.–Korean relationship and lifelong learners of Korea.

“We’re grateful to receive these two major sources of funding for Korean studies outreach education, and look forward to working with SPICE to establish Korea as a subject taught regularly in classrooms throughout the United States,” said Gi-Wook Shin, director of KSP.

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A view of Seoul's Tapgol Park. | Flickr / Joe Coyle; http://bit.ly/QttV1E
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During the first annual Hana-Stanford Conference on Korea, co-sponsored by KSP and SPICE, nearly two dozen U.S. secondary school educators gathered at Stanford, July 23 to 25, to learn about Korea, from hangul (Korean alphabet) to daily life in North Korea. They returned home with new ideas and numerous resources for teaching about Korea.
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SPICE curriculum writers Jonas Edman (left) and Rylan Sekiguchi prepare Korean barbecue during a conference that brought nearly two dozen American teachers to Stanford to learn about Korea. Cooking and musical demonstrations played helped expose the teachers to Korean history and culture. | Rod Searcey
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