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For the last decade, China has been at the forefront of pushing for regional economic integration, e.g. ASEAN-China FTA, Hong Kong-China CEPA, and China-Taiwan ECFA. Could this process culminate into a movement toward a European Union-style economic bloc? What are the implications of this development for US economic welfare? US unions have long viewed the cheap goods from China as harmful to US workers; and some US economists have recently blamed the cheap credit from China for the 2008 implosion of the US financial system. The present escalation of Chinese and US rhetoric on the exchange rate is worryingly akin to the mutual pawing on the ground before the great leap forward at each other. What is the sensible solution? There is no sign that the impasse over the Doha Round of trade negotiations would be resolved in the medium-term.  It is very surprising that China has adopted a near hands-off approach on this issue because it has been the biggest beneficiary of the open multilateral trading system. Has China's failure to help strengthen the WTO framework emboldened protectionism, much to its own detriment and the world's? In this seminar, Professor Woo will examine China's strategy of external economic engagement, including the recently signed ECFA between Beijing and Taipei. Woo argues that part (and only part) of the reason why China does not already have a coherent strategy could be that its present governance institutions create disincentives to move quickly to embrace such a strategy.  

 

Wing Thye Woo is Professor of Economics at U.C. Davis, Yangtze River Scholar at the Central University of Finance and Economics in Beijing, Director of the East Asia Program within The Earth Institute at Columbia University, and Nonresident Senior Fellow at the Brookings Institution. He received an M.A. in Economics from Yale University, and an M.A. and a Ph.D. in Economics from Harvard University. He has advised the U.S. Treasury Department, the IMF, World Bank, and the United Nations. Professor Woo has published extensively, and his current research focuses on the economic issues of East Asia, international financial architecture, comparative economic growth, state enterprise restructuring, fiscal management, and exchange rate economics.

Philippines Conference Room

Wing Thye Woo Professor of Economics Speaker University of California at Davis
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The Global Underdevelopment Action Fund Committee invites a Stanford-wide community of faculty who share an interest in problems of global underdevelopment and poverty alleviation. This is the committee's inaugural dinner and talk with Frank Fukuyama, the FSI Olivier Nomellini Senior Fellow.

  • Cocktails - 5:45 p.m.
  • Talk - 6:15 p.m.
  • Dinner - 7:15 p.m.

Oksenberg Conference Room

Encina Hall, C148
616 Jane Stanford Way
Stanford, CA 94305

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Olivier Nomellini Senior Fellow at the Freeman Spogli Institute for International Studies
Director of the Ford Dorsey Master's in International Policy
Research Affiliate at The Europe Center
Professor by Courtesy, Department of Political Science
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Francis Fukuyama is the Olivier Nomellini Senior Fellow at Stanford University's Freeman Spogli Institute for International Studies (FSI), and a faculty member of FSI's Center on Democracy, Development and the Rule of Law (CDDRL). He is also Director of Stanford's Ford Dorsey Master's in International Policy, and a professor (by courtesy) of Political Science.

Dr. Fukuyama has written widely on issues in development and international politics. His 1992 book, The End of History and the Last Man, has appeared in over twenty foreign editions. His book In the Realm of the Last Man: A Memoir will be published in fall 2026.

Francis Fukuyama received his B.A. from Cornell University in classics, and his Ph.D. from Harvard in Political Science. He was a member of the Political Science Department of the RAND Corporation, and of the Policy Planning Staff of the US Department of State. From 1996-2000 he was Omer L. and Nancy Hirst Professor of Public Policy at the School of Public Policy at George Mason University, and from 2001-2010 he was Bernard L. Schwartz Professor of International Political Economy at the Paul H. Nitze School of Advanced International Studies, Johns Hopkins University. He served as a member of the President’s Council on Bioethics from 2001-2004. He is editor-in-chief of American Purpose, an online journal.

Dr. Fukuyama holds honorary doctorates from Connecticut College, Doane College, Doshisha University (Japan), Kansai University (Japan), Aarhus University (Denmark), the Pardee Rand Graduate School, and Adam Mickiewicz University (Poland). He is a non-resident fellow at the Carnegie Endowment for International Peace. He is a member of the Board of Trustees of the Rand Corporation, the Board of Trustees of Freedom House, and the Board of the Volcker Alliance. He is a fellow of the National Academy for Public Administration, a member of the American Political Science Association, and of the Council on Foreign Relations. He is married to Laura Holmgren and has three children.

(October 2025)

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Francis Fukuyama FSI Olivier Nomellini Senior Fellow Speaker
Brian Levy Adviser Speaker World Bank
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In mid-September, honors students from the Interschool Honors Programs convened by FSI's Center on Democracy, Development, and the Rule of Law and the Center for International Security and Cooperation traveled to Washington, D.C., with their faculty advisors for senior-level meetings and policy briefings. They met with senior U.S. government officials from the White House, State Department, Homeland Security, and the intelligence community, with representatives of international organizations such as the World Bank, and NGOs, think tanks and other policy forums engaged in international affairs.
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In mid-September, honors students from the Interschool Honors Programs convened by FSI's Center on Democracy, Development, and the Rule of Law and the Center for International Security and Cooperation traveled to Washington, D.C., with their faculty advisors for senior-level meetings and policy briefings. They met with senior U.S. government officials from the White House, State Department, Homeland Security, and the intelligence community, with representatives of international organizations such as the World Bank, and NGOs, think tanks and other policy forums engaged in international affairs.
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In mid-September, honors students from the Interschool Honors Programs convened by FSI's Center on Democracy, Development, and the Rule of Law and the Center for International Security and Cooperation traveled to Washington, D.C., with their faculty advisors for senior-level meetings and policy briefings. They met with senior U.S. government officials from the White House, State Department, Homeland Security, and the intelligence community, with representatives of international organizations such as the World Bank, and NGOs, think tanks and other policy forums engaged in international affairs.

CDDRL Policy Briefings

Led by CDDRL Director and FSI Senior Fellow Larry Diamond, Deputy Director and FSI Senior Fellow Kathryn Stoner, and FSI's %people5%, CDDRL students engaged in policy discussions with the National Endowment for Democracy, USAID, the World Bank, the National Security Council, the Center for International Private Enterprise, the Inter-American Dialogue and the Millennium Challenge Corporation.  Sessions were held at the Open Society Institute founded by George Soros and the Community of Democracies.  Students met at the U.S. State Department with Policy Planning staff and the Under Secretary for Economic, Energy and Agricultural Affairs for frank discussions of U.S. policy priorities, the Quadrennial Diplomacy and Development Review and the transformative effects that emerging economic powers, such as China, India and Brazil are exerting on trade, credit, investment, innovation and governance of major and political and economic institutions.

During these sessions, CDDRL students delved into efforts to advance and secure democracy, economic development, good governance, rule of law, corruption control, civil society, and a free media. In the current environment, marked by repression in many countries, multi-pronged efforts to help ensure that the pluralistic institutions of a vibrant civil society are allowed to prosper took on  particular importance.  Another key issue was the role of information technologies, in building and supporting democracy, by creating a robust network of activists and promoting collective action.

“It was eye-opening to see the diverse mechanisms through which one can effect positive social change. I learned that it is possible to successfully bridge the two worlds of policy and academe. The meetings made me think about the many different routes to a possible career in the dynamic world of Washington politics.”
 Kamil Dada ’11, CDDRL

"A key objective of the Washington trip is to expose these talented students to the challenges of policy formulation, implementation, and assessment, as they prepare to write their honors theses this academic year," said Kathryn Stoner-Weiss. For some students, it was a first exposure to the policy process in Washington. Others had interned in policy positions in the nation's capital and overseas, and used their opportunities in September to report back on findings of their previous work, renew contacts and glean new insight and information on evolving issues.

"The discussions we held with senior officials were full, frank, and often, off-the-record to give the students a firsthand opportunity to engage in candid exchange on major issues and to pose probing questions," said Larry Diamond, CDDRL Director. "The players, issues, and dilemmas that arise in the policy process are not always evident from the outside."

CISAC: Focus on Security Issues

The students in CISAC's Interschool Honors Program in International Security Studies-led in Washington by Martha Crenshaw, FSI Senior Fellow and professor (by courtesy) in the Political Science Department; Lynn Eden, Senior Research Scholar and CISAC Associate Director for Research; and teaching assistant Michael Sulmeyer, a CISAC pre-doctoral fellow and third-year Stanford law student-focused on major national and international security issues, including nuclear weapons policy like the new START Treaty to reduce nuclear arms and the Nuclear Posture Review, and counter-terrorism issues such as intelligence gathering and regional analysis. CISAC students first met with four veteran national security reporters at The New York Times, and later with members of the intelligence community, including the Director of the National Counterterrorism Center, Michael Leiter, and the Chairman of the National Intelligence Council, Christopher Kojm.

“This was my first visit to Washington, and I could not have asked for a more comprehensive or enjoyable introduction to the nation’s capital. The broad array of institutions and people we experienced was a salient reminder of just how diverse this country truly is.” Devin Banerjee ’11, CISAC

Students also met with Paul Stockton, Assistant Secretary of Defense for Homeland Defense and Americas' Security Affairs. Prior to his government service, Stockton had been a scholar at CISAC and had taught CISAC honors students for three years. CISAC students met with Antony Blinken, who serves as National Security Adviser to Vice President Biden. The students also were exposed to research and publication think-tanks like the Brookings Institution, RAND Corporation, the Center for a New American Security and the New America Foundation. At the end of CISAC's first week in the capital, the students met a dozen Washington-based alumni of the program over dinner, where alumni provided valuable research resources and job advice to their younger counterparts.

"The Washington component of CISAC's honors program provides an invaluable opportunity for our students to learn how the policy-making process works, explore the complexities of international security, and test their preliminary ideas about the topic they have chosen for their honors thesis," said Martha Crenshaw. "In turn, the officials we meet invariably wish to spend longer with our students, some even rearranging their schedules (or trying!) to continue a fascinating and candid conversation."

Highlight: The National Security Council

A major highlight of this year's trip, for both the CISAC and the CDDRL students, was a policy discussion at the National Security Council with two leading Stanford political scientists and foreign policy experts serving in the Obama administration. Political Science Professor Michael A. McFaul, former director of CDDRL and deputy director of FSI, is now Senior Director for Russia on the National Security Council and the president's top advisor on Russia, and Assistant Professor Jeremy M. Weinstein, an affiliated CISAC and CDDRL faculty member, serves as Director for Democracy on the National Security Staff.  Students engaged in a lively discussion of U.S. foreign policy priorities, U.S.-Russian relations, democracy, human rights and economic development.

"Our honors students are fortunate to have the chance to engage in high-level policy discussions, especially with Stanford faculty members serving in Washington," said Coit D. Blacker, Director of the Freeman Spogli Institute for International Studies, who directs the CISAC honors program with Martha Crenshaw and who, under President Clinton, served as special assistant to the President and  Senior Director for Russian, Ukrainian, and Eurasian Affairs on the National Security Council. "Direct exposure to the policymaking process, with all its promise and pitfalls, will make them better scholars and future thought leaders."

"I was struck by the innovative ways in which certain agencies approach democracy promotion," said CDDRL honors student Ayeesha Lalji '11. "I think the struggle is often in packaging programs in the right way so that an impervious nation becomes more open to a vital component of social, political, or economic development."

"The discussions with prominent policy thinkers and current and former senior officials made a deep impression on our students," said Larry Diamond, CDDRL Director.  "These young people--who will go on themselves to be leaders in these fields-- got a vivid sense of how the policy process really works, and why service in government and public affairs is, despite the frequent frustrations, an exciting and noble mission."

"CISAC's ten days in Washington provide our students exceptional access to practitioners of various types and at all levels of the policy world, as well as inside knowledge of today's critical issues," said Martha Crenshaw. "The experience also establishes a solid foundation for a year-long intellectual experience in a weekly research seminar devoted to producing a thesis that makes an original contribution to the field of international security."

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 I gained my definition of success through Stanford . . .

-Makoto Takeuchi, 2004-2005 Corporate Affiliates Program fellow


When Makoto Takeuchi came to the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) as a Corporate Affiliates Program fellow during the 2004-2005 academic year, he was working as a senior manager with the Business Development Group of Kansai Electric Power Company, located in Osaka, Japan. Osaka, part of Japan's Kansai region, is a bustling metropolis and an important economic and historical center of Japan. Kansai Electric Power Company is a large energy company that utilizes a combination of energy sources, including nuclear power, which makes up over 50 percent of its power supply, as well as thermal (oil, coal, and liquid natural gas) and hydropower.

Takeuchi found the environment of Stanford University, including its situation in Silicon Valley, stimulating. "I was excited by the diversity and speed of dynamic innovation in Silicon Valley, and the people who utilize their knowledge and skills in order to achieve their dreams," he said. Drawing from this, he carried out a research project exploring complementary strategies for sustainable corporate growth. He concluded that such sustainable growth comes from a balance of internal and external resources and short- and long-term gains, driven by innovation, integration, and interaction.

During his time at Shorenstein APARC, Takeuchi also developed his understanding of working as a part of a team on a project. "I learned that the success of projects requires orchestrating the talents and efforts of many people," he said. He now applies his knowledge of teamwork to the work that he does today, including the essential skill of communicating with colleagues from different cultural and professional backgrounds. Being sensitive to the values of others is crucial when it comes to collaboration, he learned.

Prior to coming to Stanford University, Takeuchi had not yet defined his own idea of "success." He now measures success by the positive impact that he has on society, which to him is evidenced by the "smiles on the faces of my customers, stakeholders, and family." Takeuchi has the opportunity to effect positive economic and energy development in his new position as a senior energy specialist with the World Bank's East Asia Sustainable Development Department. "When I considered how I could make the most of my skills . . . the answer was to provide clean energy through a sophisticated power system with renewable energy and to contribute to what people in the region really want," he explained. In his role with the World Bank, Takeuchi is working toward increasing access to cleaner energy and laying the foundation for sustainable growth in developing countries, and, of course, to gain smiles in the process.

For current and future Corporate Affiliates fellows, Takeuchi imparts the wisdom: "As soon as possible, you should discover the criteria for evaluating your own success. Then, you should just run toward it!"

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George Packer is a staff writer for The New Yorker and the author, most recently, of The Assassins' Gate: America in Iraq. That book, which traced America's entry into the Iraq war and the subsequent troubled occupation, won the Overseas Press Club's 2005 Cornelius Ryan Award and the Helen Bernstein Book Award of the New York Public Library, was a finalist for the 2005 Pulitzer Prize, and was named by The New York Times as one of the ten best books of the 2005.

Packer's articles, essays, and reviews on foreign affairs, American politics, and literature have appeared in The New York Times Magazine, Harper's, Dissent and other publications. He received the 2006 Edward Weintal Prize for Diplomatic Reporting from Georgetown and his magazine reporting has won three Overseas Press Club awards.

Packer will be in conversation with Tobias Wolff (English, Stanford) and Debra Satz (Philosophy, Stanford). Wolff has written several books including Our Story Begins, winner of the 2008 Story Prize, The Barracks Thief, Old School and This Boy's Life. He has also been the editor of Best American Short Stories and The Vintage Book of Contemporary American Short Stories. His work appears regularly in "The New Yorker," "The Atlantic," "Harper's," and other magazines and literary journals.

Debra Satz is the Marta Sutton Weeks Professor of Ethics in Society, Professor of Philosophy and the Director of the Center on Ethics. Her research focuses on the ethical limits of markets, the place of equality in political philosophy, theories of rational choice, democratic theory, feminist philosophy, and issues of international justice. Her work has appeared in Philosophy & Public Affairs, Ethics, Journal of Philosophy, and World Bank Economic Review.

On Friday, May 20 Rush Rehm (Drama and Classics, Stanford) will direct a performance of Packer's 2008 play Betrayed.

For more information, please visit Stanford's Ethics and War Series website.

Annenberg Auditorium
435 Lasuen Mall
Stanford University
Stanford, CA, 94305

Tobias Wolff English Commentator Stanford
George Packer Journalist, novelist and playwright Speaker

Department of Philosophy
Building 90, Room 102L
Stanford University
Stanford, CA 94305-2155

(650) 723-2133
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Marta Sutton Weeks Professor of Ethics in Society, Professor of Philosophy, and by courtesy, Political Science
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Debra Satz is the Marta Sutton Weeks Professor of Ethics in Society and Professor of Philosophy at Stanford University. Prior to coming to Stanford in 1988, Dr. Satz taught at Swarthmore College. She also held fellowships at the Princeton University Center for Human Values and the Stanford Humanities Center. In 2002, she was the Marshall Weinberg Distinguished Visiting Professor at the University of Michigan. 

Dr. Satz grew up in the Bronx and received her B.A. from the City College of New York. She received her PhD from MIT in 1987.

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Debra Satz Philosophy Commentator Stanford University
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Brian Levy currently is Head of the Bank's Governance and Anti-Corruption Secretariat in the World Bank - from where co-ordinates implementation of the Bank Group's GAC strategy. He is the author of Governance Reform: Bridging Monitoring and Action (World Bank, 2007), which builds on his 2006 work on governance monitoring featured in the 2006 Global Monitoring Report, Mutual Accountability: Aid, Trade and Governance . He worked in the World Bank's Africa Vice Presidency from 1991 to 2003 on the challenges of strengthening the institutional underpinnings of African development, for the last four years as sector manager of the Africa Public Sector Reform and Capacity Building Unit. He was a member of the core team which produced the World Bank's 1997 World Development Report, The State in a Changing World.  He has published numerous books and articles on the interactions between public institutions, the private sector and development in Africa, East Asia, and elsewhere, most recently editing (jointly with Sahr Kpundeh) the volume, Building State Capacity in Africa (World Bank Institute, 2004) Prior to joining the Bank he was assistant professor in development economics at Williams College in Williamstown, Massachusetts. He completed his Ph.D in economics at Harvard University in 1983.

CISAC Conference Room

Brian Levy Adviser, Public Sector Governance Speaker The World Bank
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Philip Keefer is a Lead Research Economist in the Development Research Group of the World Bank. Since receiving his PhD in Economics from Washington University at St. Louis, he has worked continuously on the interaction of institutions, political economy and economic development. His research has included investigations of the impact of insecure property rights on economic growth; the effect of political credibility on the policy choices of governments; and the sources of political credibility in democracies and autocracies. It has appeared in journals that span economics and political science, ranging from the Quarterly Journal of Economics to the American Review of Political Science, and has been influenced by his work in a wide range of countries, including Bangladesh, Brazil, the Dominican Republic, Indonesia, México, Perú, Pakistan and the Philippines.

CISAC Conference Room

Philip Keefer Lead Research Economist Speaker World Bank
Seminars

Encina Hall
616 Serra Street
Stanford, CA 94305-6055

(650) 283-9432
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Consulting Scholar, 2014-16; Visiting Associate Professor 2013-2014, 2010-2011
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Professor Dan Banik is a Consulting Scholar at CDDRL and is currently completing a study examining the impacts of development aid from Norway and China on poverty reduction in Malawi and Zambia. He is a professor of political science and research director at the University of Oslo’s Centre for Development and Environment (SUM). He is also holds a visiting professor at China Agricultural University in Beijing.

Prof. Banik has conducted research in India, China, Bangladesh, Malawi, Uganda, Ethiopia, Tanzania, South Africa and Mexico, and directs the interdisciplinary research program 'Poverty and Development in the 21st Century (PAD)' at the University of Oslo. He has previously served as the head of the Norwegian-Finnish Trust Fund in the World Bank for Environmentally and Socially Sustainable Development (TFESSD) and on the Board of the Norwegian Crown Prince and Crown Princess's Foundation. His books include ‘The Democratic Dividend: Political Transition, Poverty and Inclusive Development in Malawi (with Blessings Chinsinga, Routledge 2016), ‘The Legal Empowerment Agenda: Poverty, Labour and the Informal Economy in Africa’ (2011, Ashgate), ‘Poverty and Elusive Development’ (2010, Scandinavian University Press) and ‘Starvation and India’s Democracy’ (2009, Routledge).

Prof. Banik is married to Vibeke Kieding Banik, who is a historian at the University of Oslo.

 

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