Governance

FSI's research on the origins, character and consequences of government institutions spans continents and academic disciplines. The institute’s senior fellows and their colleagues across Stanford examine the principles of public administration and implementation. Their work focuses on how maternal health care is delivered in rural China, how public action can create wealth and eliminate poverty, and why U.S. immigration reform keeps stalling. 

FSI’s work includes comparative studies of how institutions help resolve policy and societal issues. Scholars aim to clearly define and make sense of the rule of law, examining how it is invoked and applied around the world. 

FSI researchers also investigate government services – trying to understand and measure how they work, whom they serve and how good they are. They assess energy services aimed at helping the poorest people around the world and explore public opinion on torture policies. The Children in Crisis project addresses how child health interventions interact with political reform. Specific research on governance, organizations and security capitalizes on FSI's longstanding interests and looks at how governance and organizational issues affect a nation’s ability to address security and international cooperation.

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In China, market institutions are still being developed and private owned enterprises need help to overcome obstacles arising from the imperfection of market institutions. Such help can come from various levels of the government or state-owned enterprises. It is believed that such help is more likely if a major shareholder of the private enterprise has formed a joint venture with a state shareholder, either directly or indirectly. In this talk, Bai Chong-en will discuss ownership connections among state and private investors (ultimate shareholders) and their changes overtime. He will also examine the relationship between the degree of such connection and some important characteristics of the investors. His model suggests that such connections have played an important role in the growth of the private sector. 



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Portrait of Bai Chong-en
BAI Chong-En is the Mansfield Freeman Chair Professor and dean of the School of Economics and Management of Tsinghua University. He is also the director of both the National Institute for Fiscal Studies of Tsinghua University and the Institute for State-Owned Enterprises of Tsinghua University. He earned his PhD degree in economics from Harvard University. His research areas include institutional economics, economic growth and development, public economics, finance, corporate governance, and Chinese economy.

BAI is a member of the National Committee of the Chinese People’s Political Consultative Conference, the “14th Five-Year Plan” National Development Planning Expert Committee, the Chinese Economists 50 Forum, the China Finance 40 Forum, and Chinainfo 100. He was a member of the monetary policy committee of the People’s Bank of China from 2015 to 2018. He served as Adjunct Vice-President of Beijing State-Owned Assets Management Co., Ltd. from August 2011 to December 2012. He was a non-resident senior fellow of the Brookings Institution from 2006 to 2007.

 


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Chinese 100 yuan bills

This event is part of the 2022 Winter webinar series, The Future of China's Economy, sponsored by the APARC China Program.

 

Via Zoom Webinar. Register at: https://bit.ly/31peuDs

Bai Chong-en Professor and Dean of School of Economics and Management; Mansfield Freeman Chair Professor, Tsinghua University
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Noa Ronkin
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The Walter H. Shorenstein Asia-Pacific Research Center (APARC), Stanford University’s hub for interdisciplinary research, education, and engagement on contemporary Asia, invites nominations for the 2022 Shorenstein Journalism Award. The award recognizes outstanding journalists who have spent their careers helping audiences worldwide understand the complexities of the Asia-Pacific region. The 2022 award will honor a recipient whose work has primarily appeared in American news media. APARC invites 2022 award nomination submissions from news editors, publishers, scholars, journalism associations, and entities focused on researching and interpreting the Asia-Pacific region.  Submissions are due by Tuesday, February 15, 2022.

Sponsored by APARC, the award carries a cash prize of US $10,000. It alternates between recipients whose work has primarily appeared in Asian news media and those whose work has primarily appeared in American news media. The 2022 award will recognize a recipient from the latter category. For the purpose of the award, the Asia-Pacific region is defined broadly to include Northeast, Southeast, South, and Central Asia and Australasia. Both individual journalists with a considerable body of work and journalism organizations are eligible for the award. Nominees’ work may be in traditional forms of print or broadcast journalism and/or in new forms of multimedia journalism. The Award Selection Committee, whose members are experts in journalism and Asia research and policy, presides over the judging of nominees and is responsible for the selection of honorees.

An annual tradition since 2002, the award honors the legacy of APARC benefactor, Mr. Walter H. Shorenstein, and his twin passions for promoting excellence in journalism and understanding of Asia. Over the course of its history, the award has recognized world-class journalists who push the boundaries of coverage of the Asia-Pacific region and help advance mutual understanding between audiences in the United States and their Asian counterparts. Recent honorees include Burmese journalist and human rights defender Swe Win; former Wall Street Journal investigative reporter Tom Wright; the internationally esteemed champion of press freedom Maria Ressa, CEO and executive editor of the Philippine news platform Rappler and winner of the 2021 Nobel Peace Prize; former Washington Post Beijing and Tokyo bureau chief Anna Fifield; and Editor of the Wire Siddharth Varadarajan.

Award nominations are accepted electronically through Tuesday, February 15, 2022, at 11:59 PM PST. For information about the nomination procedures and to submit a nomination please visit the award nomination entry page. The Center will announce the winner by April 2022 and present the award at a public ceremony at Stanford in the autumn quarter of 2022.

Please direct all inquiries to aparc-communications@stanford.edu.

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Burmese journalist Swe Win
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‘There Is No Space Left for Any Freedom’: Shorenstein Journalism Award Recipient Swe Win Depicts Myanmar’s Return into Darkness
Autumn scene on the Stanford campus with a call to apply for APARC's 2022-23 fellowships for Asia schoalrs
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APARC Announces 2022-23 Fellowships for Asia Specialists

The Center offers fellowships for postdoctoral scholars specializing in contemporary Asia, Japan, and Asia health policy and for experts on Southeast Asia.
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North Korea Conundrum Book cover
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How to Solve the North Korean Conundrum: The Role of Human Rights in Policy Toward the DPRK

APARC's new edited volume, 'The North Korean Conundrum,' shines a spotlight on the North Korean human rights crisis and its connection to nuclear security. In the book launch discussion, contributors to the volume explain why improving human rights in the country ought to play an integral part of any comprehensive U.S. engagement strategy with the DPRK.
How to Solve the North Korean Conundrum: The Role of Human Rights in Policy Toward the DPRK
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Sponsored by Stanford University’s Shorenstein Asia-Pacific Research Center, the annual award recognizes outstanding journalists and journalism organizations for excellence in coverage of the Asia-Pacific region. News editors, publishers, scholars, and organizations focused on Asia research and analysis are invited to submit nominations for the 2022 award through February 15.

China’s spectacular growth over the last 40 years has slowed but remains strong, leading the world in economic recovery after the global financial crisis, and even in the current COVID-19 pandemic after a devasting blow early in 2020.  Yet, a number of worrying developments have emerged, most recently the troubles that China’s second largest property development company, the Evergrande Group, have suffered.

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At the end of 2021 China Evergrande Group—one of China’s biggest property developers—finally defaulted on its bonds. The default didn’t spark a Lehman Moment—as widely prophesied—or any significant market upheaval, but it’s increasingly clear that Evergrande’s problems mark the start of a momentous shift in how China’s economy grows. Over the past 18 months, Beijing has induced a slowdown of the property sector with the goal of better ensuring financial sector stability and the sustainability of property sector growth. However, it has resulted in defaults, restructuring, and consolidation among China’s largest developers, and has implication for local government finance and the pace of economic growth. This talk will discuss the challenges posed by Evergrande’s decline and imminent restructuring, what Beijing is trying to achieve by reining in the property sector, and what risks are involved.

 



Portrait of Dinny McMahonDinny McMahon is the author of “China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle,” a ground up look at the mechanics of China’s political economy, which he wrote while a fellow at the Woodrow Wilson Center for International Scholars. He later moved to MacroPolo, the Paulson Institute’s think tank in Chicago, where he researched China’s efforts to clean up its financial system. Dinny started his career as a financial journalist in China, spending six years in Beijing with The Wall Street Journal, and four years with Dow Jones Newswires in Shanghai, where he also contributed to the Far Eastern Economic Review. Dinny is currently working on a project for the Wilson Center on China’s efforts to reduce its reliance on the US dollar. He also provides independent research on China’s financial system for financial services firms.

 


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Chinese 100 yuan bills

This event is part of the 2022 Winter webinar series, The Future of China's Economy, sponsored by the APARC China Program.

 

Via Zoom Webinar. Register at: https://bit.ly/3pkTQfE

Dinny McMahon Global Fellow, Woodrow Wilson International Center for Scholars
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Callista Wells
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On October 21, 2021, the APARC China Program had the opportunity to host Peter Martin, Defense Policy and Intelligence Reporter for Bloomberg News, for a program on Chinese displomacy. In honor of his recently released book, China's Civilian Army: The Making of Wolf Warrior Diplomacy, Mr. Martin gave us a deep dive into the origins of this contentious diplomatic style and what it tells us about domestic politics in China. The panel was moderated by Professor Jean Oi, William Haas Professor of Chinese Politics and director of the APARC China Program.

As many who follow Chinese politics will be aware, Chinese diplomacy in the past several years has become increasingly assertive and its diplomats have used sharper language. Based on Chinese action movies of the same name, this pointed style of communication has earned these diplomats the title "wolf warriors." Some of the more stand-out examples of wolf warrior diplomacy include China’s Ministry of Foreign Affairs spokesperson Zhao Lijian's claim that COVID-19 was actually created by the United States, or the uncomfortable exchange between American and Chinese diplomats at the US-China Alaska summit in March, 2021.

In this program, Mr. Martin traced the roots of China's approach to diplomacy back to the communist revolution of 1949 and told the story of how it has evolved through social upheaval, famine, capitalist reforms, and China's rise to superpower status. His book draws on dozens of interviews and--for the first time--on the memoirs of more than 100 retired Chinese diplomats. The program was followed by a robust Q&A session between Mr. Martin and the audience. Watch now: 

For more information about China's Civilian Army: The Making of Wolf Warrior Diplomacy or to purchase a copy, please click here.

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Engaging China: Fifty Years of Sino-American Relations

Was the strategy of engagement with China worthwhile? Experts Mary Bullock, Thomas Fingar, David M. Lampton, and Anne Thurston discuss their recent release, "Engaging China: Fifty Years of Sino-American Relations."
Engaging China: Fifty Years of Sino-American Relations
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Biden, Xi Will Want To Diminish Exaggerated Characterizations of Bilateral Friction, Stanford Scholar Says

In this Q&A, Stanford scholar Thomas Fingar discusses what to expect when President Biden meets with Chinese President Xi Jinping.
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America's Future in Taiwan

Intensifying threats of a military conflict over Taiwan have brought uncertainty to the stability of regional security for Southeast Asia, according to Center Fellow Oriana Skylar Mastro on radio show On Point.
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Peter Martin discusses the advent of Wolf Warrior Diplomacy in Chinese politics — is it really such a new phenomenon after all?

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Shorenstein APARC's annual report for the academic year 2020-21 is now available.

Learn about the research, events, and publications produced by the Center's programs over the last twelve months. Feature sections look at how APARC has researched threats to democracy and human rights in Asia, including new and upcoming books on North Korea and Southeast Asia, and the Center's research on the new administration's Asia policy. Catch up on the Center's policy work, education initiatives, events, and outreach.

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On October 6, 2021, the APARC China Program hosted the panel program, "Engaging China: Fifty Years of Sino-American Relations." In honor of her recently released book of the same title, Director of the Grassroots China Initiative Anne Thurston was joined by contributors Mary Bullock, President Emerita of Agnes Scott College; Thomas Fingar, Shorenstein APARC Fellow; and David M. Lampton, Professor Emeritus at Johns Hopkins School of Advanced International Studies (SAIS). Thomas Fingar also moderated the panel.

Recent years have seen the U.S.-China relationship rapidly deteriorate. Engaging China brings together leading China specialists—ranging from academics to NGO leaders to former government officials—to analyze the past, present, and future of U.S.-China relations.

During their panel, Bullock, Fingar, Lampton, and Thurston reflected upon the complex and multifaceted nature of American engagement with China since the waning days of Mao’s rule. What initially motivated U.S.’ rapprochement with China? Until recent years, what logic and processes have underpinned the U.S. foreign policy posture towards China? What were the gains and the missteps made during five decades of America’s engagement policy toward China? What is the significance of our rapidly deteriorating bilateral relations today? Watch now: 

For more information about Engaging China or to purchase a copy, please click here.

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Biden, Xi Will Want To Diminish Exaggerated Characterizations of Bilateral Friction, Stanford Scholar Says

In this Q&A, Stanford scholar Thomas Fingar discusses what to expect when President Biden meets with Chinese President Xi Jinping.
Biden, Xi Will Want To Diminish Exaggerated Characterizations of Bilateral Friction, Stanford Scholar Says
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Intensifying threats of a military conflict over Taiwan have brought uncertainty to the stability of regional security for Southeast Asia, according to Center Fellow Oriana Skylar Mastro on radio show On Point.
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USS Key West during during joint Australian-United States military exercises Talisman Sabre 2019 in the Coral Sea.
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In Defense of AUKUS

This is not only about nuclear-powered submarines; it is about a strengthened US commitment to Australia.
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Was the strategy of engagement with China worthwhile? Experts Mary Bullock, Thomas Fingar, David M. Lampton, and Anne Thurston discuss their recent release, "Engaging China: Fifty Years of Sino-American Relations."

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This interview was first published by the Stanford News Service.


 

When President Joe Biden meets with his Chinese counterpart President Xi Jinping next week, they will both want to show the world that the two countries have common and compatible objectives and that cooperation is possible, says Stanford scholar Thomas Fingar.

While there are real differences between the two countries, global threats exist that require joint effort to address, such as nuclear proliferation and the danger of new arms races, said Fingar in an interview with Stanford News Service.

In anticipation of the upcoming summit scheduled for Monday, Fingar discusses what to expect when the two leaders meet and what goals Biden will want to work towards as it fits with his larger objectives for the U.S.

Fingar is a Shorenstein fellow at The Walter H. Shorenstein Asia-Pacific Research Center (APARC), which is part of the Freeman Spogli Institute for International Studies. He is leading a multi-year study, China and the World, that seeks to better understand China’s global engagement.

Fingar returned to Stanford in 2009 after having 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 several positions at Stanford University, including senior research associate in the Center for International Security and Arms Control.

Where does diplomacy between the U.S. and China now stand?

Friction between Beijing and Washington did not put an end to diplomatic exchanges, but having markedly different approaches has inhibited the two sides. Simply stated, the United States has sought to work on specific global and bilateral problems to achieve priority objectives such as limiting greenhouse gases and reducing the dangers of unconstrained nuclear, space and cyber competition. China has maintained that “building trust” and improvement of the overall bilateral relationship are prerequisites for progress on specific issues. Developments in the run-up to the summit, such as the joint climate statement in Glasgow, suggest that Beijing has relaxed its preconditions.

How does the summit symbolize a diplomatic reset?

Both symbolically and substantively, the summit will empower lower-level officials in both countries to work on issues within their purview. This is more significant in China, where clear signals from the top are necessary for subordinates to engage, but it will also help to mitigate paralysis on the U.S. side resulting from competing visions of how best to address China-related issues.

What issues will be top of mind for Biden and Xi?

Both will want to diminish exaggerated characterizations of bilateral friction as evidence that we have entered a new Cold War and may be on the verge of conflict, and that cooperation on any issue is impossible. We have very real disagreements, but we also have many common or compatible objectives. Helping domestic and external audiences to understand that things are not nearly as dire as many observers contend will be a priority objective. Beyond that, I think clarifying matters of greatest concern to the other side and establishing mechanisms to address them will be on the agenda.

What areas can they agree on and where can they make progress?

They are likely to find it easier to agree on issues requiring joint effort than on the best way to address issues like nuclear proliferation (Iran and North Korea), new weapons systems and the danger of new arms races (hypersonic glide vehicles, cyber and kinetic threats to nuclear surveillance and command and control systems) and transition to cleaner energy sources.

What areas will spark disagreement and will these issues come up?

I suspect that both leaders will feel compelled to raise all of the high salience concerns in their countries. For Biden, that list includes Xinjiang, Hong Kong, PRC [People’s Republic of China] actions near Taiwan and the rollback of opportunities for Americans in China. Xi will raise U.S. military operations around China’s periphery, arms sales and relations with Taiwan, restrictions on visas for Chinese citizens and Chinese investment in the U.S., among other issues.

What would signal that the meeting was productive?

The fact that it has occurred will be significant because it will open the door to other, hopefully, less contentious exchanges across a broad spectrum of issues. Easing of travel restrictions should be easy to achieve but of more than symbolic importance. I doubt that the meeting is designed to solve any of the difficult issues in our relationship.

What do you think about Biden’s approach to China?

I agree with the President’s focus on his largely domestic “Build Back Better” agenda. Spending the time, effort and political capital necessary to secure approval of measures to address infrastructure, energy, education, childcare, internet access and a host of social justice, pandemic and voter protection issues are, in my opinion, more important than trying to improve relations with China for the sake of improving the relationship. Where working with China is necessary and/or perceived to be possible for achieving other domestic and foreign policy goals, he should do so. I think the fact that this summit is taking place is a sign that he is attempting to do that, but I judge that he is unwilling to jeopardize his ability to achieve higher priority objectives by making concessions to Beijing merely to create the appearance of a better relationship.

Tom Fingar

Thomas Fingar

Shorenstein APARC Fellow
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Cover of the book "From Mandate to Blueprint" and a portrait of Thomas Fingar
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Drawing on his experience implementing one of the most comprehensive reforms to the national security establishment, APARC Fellow Thomas Fingar provides newly appointed government officials with a practical guide for translating mandates into attainable mission objectives.
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President Biden walks past a row of Chinese and American flags.
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APARC Experts on the Outlook for U.S.-Asia Policy Under the Biden Administration

Ahead of President-elect Biden’s inauguration and on the heels of the attack on the U.S. Capitol by a pro-Trump mob that has left America shaken, an APARC-wide expert panel provides a region-by-region analysis of what’s next for U.S. policy towards Asia and recommendations for the new administration.
APARC Experts on the Outlook for U.S.-Asia Policy Under the Biden Administration
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In this Q&A, Stanford scholar Thomas Fingar discusses what to expect when President Biden meets with Chinese President Xi Jinping.

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How well is India postured to become a world leader in high technology, especially information and communications technology? India – like the United States – is engaged in an increasingly intense strategic competition with China, and recognizes that mastery of key technologies is a key dimension of that competition. As it seeks to selectively decouple from and reduce its reliance on China, does it have the wherewithal to develop its own high-technology ecosystem, and emerge as a key technology partner to the U.S.? This webinar will examine the key factors that would posture the country for technology competition, including national policy settings, education and research infrastructure, and international partnerships.

Speakers:

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Edlyn V. Levine is the Chief Technologist for the MITRE Accelerator. She is responsible for accelerating technologies in partnership with the private sector and for promoting technologies for the public good. Dr. Levine is a research associate in the Physics Department at Harvard, faculty for executive education at the Harvard Kennedy School of Government, a visiting research scientist at the University of Maryland. Dr. Levine's scientific accomplishments have been recognized by the AFCEA 40 under 40 Award, the NDSEG Fellowship, and the NSF Graduate Research Fellowship. Dr. Levine received her M.S. and Ph.D. in Applied Physics from Harvard University.

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Arogyaswami Paulraj is an Emeritus Professor at Stanford University. He is the inventor of MIMO (Multiple Input Multiple Output), which is the core technology in all modern wireless systems including 5G, 4G and WiFi. His recognitions include the USPTO - National Inventors Hall of Fame, Marconi Prize, IEEE Alexander G Bell Medal, and National Awards from the Govt. of India and PR China.  He is a member of several national academies including the US National Academy of Engineering and American Academy of Arts and Sciences. Paulraj founded three wireless tech companies that were later acquired by Intel, Broadcom, and Hewlett Packard Enterprises.

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Trisha Ray
Trisha Ray is an Associate Fellow at the Center for Security, Strategy and Technology at the Observer Research Foundation in India. Her research focuses on geopolitical and security trends in relation to emerging technologies, including AI, 5G and critical minerals. Trisha is a member of UNESCO’s Information Accessibility Working Group, as well as a Pacific Forum Young Leader. Trisha completed her MA in Security Studies from the Walsh School of Foreign Service at Georgetown University.


Moderator:

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Arzan Tarapore is the South Asia research scholar at the Shorenstein Asia-Pacific Research Center at Stanford University, where he leads the newly-restarted South Asia research initiative. He is also a senior nonresident fellow at the National Bureau of Asian Research. His research focuses on Indian military strategy and contemporary Indo-Pacific security issues. Prior to his scholarly career, he served as an analyst in the Australian Defence Department. Arzan holds a PhD in war studies from King’s College London. 

 

This event is co-sponsored by Center for South Asia

via Zoom 
Register at:  https://bit.ly/3mZyfth

Edlyn V. Levine Chief Technologist, MITRE Accelerator
Arogyaswami Paulraj Emeritus Professor, Stanford University
Trisha Ray Associate Fellow, Center for Security, Strategy and Technology at the Observer Research Foundation in India
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Cover of book "Drivers of Innovation"

Innovation and entrepreneurship rank highly on the strategic agenda of most countries today. As global economic competition intensifies, many national policymakers now recognize the central importance of entrepreneurship education and the building of financial institutions to promote long-term innovation, entrepreneurship, and economic growth. Drivers of Innovation brings together scholars from the United States and Asia to explore those education and finance policies that might be conducive to accelerating innovation and developing a more entrepreneurial workforce in East Asia. 

Some of the questions covered include: How do universities in China and Singapore experiment with new types of learning in their quest to promote innovation and entrepreneurship? Is there a need to transform the traditional university into an “entrepreneurial university”? What are the recent developments in and outstanding challenges to financing innovation in China and Japan? What is the government’s role in promoting innovative entrepreneurship under the shadow of big business in South Korea? What can we learn about the capacity of services to drive innovation-led growth in India? 

Drivers of Innovation will serve as a valuable reference for scholars and policymakers working to develop human capital for innovation in Asia.

Contents

  1. Educating Entrepreneurs and Financing Innovation in Asia 
    Fei Yan, Yong Suk Lee, Lin William Cong, Charles Eesley, and Charles Lee
  2. Fostering Entrepreneurship and Innovation: Education, Human Capital, and the Institutional Environment 
    Charles Eesley, Lijie Zhou, and You (Willow) Wu
  3. Entrepreneurial Scaling Strategy: Managerial and Policy Considerations 
    David H. Hsu
  4. Innovation Policy and Star Scientists in Japan 
    Tatsuo Sasaki, Hiromi S. Nagane, Yuta Fukudome, and Kanetaka Maki
  5. Financing Innovation in Japan: Challenges and Recent Progress 
    Takeo Hoshi and Kenji Kushida
  6. Promoting Entrepreneurship under the Shadow of Big Business in Korea: The Role of the Government 
    Hicheon Kim, Dohyeon Kim, and He Soung Ahn
  7. The Creativity and Labor Market Performance of Korean College Graduates: Implications for Human Capital Policy 
    Jin-Yeong Kim
  8. Financing Innovative Enterprises in China: A Public Policy Perspective 
    Lin William Cong, Charles M. C. Lee, Yuanyu Qu, and Tao She
  9. Forging Entrepreneurship in Asia: A Comparative Study of Tsinghua University and the National University of Singapore 
    Zhou Zhong, Fei Yan, and Chao Zhang
  10. Education and Human Capital for Innovation in India’s Service Sector 
    Rafiq Dossani
  11. In Need of a Big Bang: Toward a Merit-Based System for Government-Sponsored Research in India 
    Dinsha Mistree
  12. The Implications of AI for Business and Education, and Singapore’s Policy Response 
    Mohan Kankanhalli and Bernard Yeung

 

 

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Entrepreneurship, Education, and Finance in Asia

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