Economic Affairs
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txteagle is Boston-based company that enables mobile phone subscribers in the developing world to earn airtime by completing simple work. We have now integrated our compensation platform within the billing systems of over 220 mobile operators - providing 2.1 billion mobile phone subscribers with the ability for moderate economic empowerment. While originally focused on text-based tasks from the outsourcing industry, we have recently come to appreciate our distributed workforce as much more than a source of cheaper labor for the data-entry industry. Instead of simply facilitating labor arbitrage, we are now focused on leveraging a particular population's unique insights and local knowledge. Today our workforce provides services that could never be outsourced - services that require on-the-ground knowledge and insight. The scope of these types of services is rapidly expanding - ranging from conducting a 50-country survey commissioned by the United Nations, to helping a massive consumer goods corporation grow their sanitary pad distribution and marketing channels into rural markets, to localizing software for a major search engine, to verifying local businesses for the World Bank, to responding to surveys for international market and investment research firms, to conducting compensated awareness and engagement campaigns for many large, international brands.

The underlying value of our workforce comes from their unique community, their culture, their neighborhood, their social network, and their knowledge of the place where they live. We are excited to be continually discovering new ways to demonstrate this unique value they can provide to the rest of the world.

Nathan Eagle is the CEO of txteagle Inc. He holds faculty appointments at the MIT Media Laboratory and Northeastern University, and is an Omidyar Fellow at the Santa Fe Institute. His research involves engineering computational tools, designed to explore how the petabytes of data generated about human movements, financial transactions, and communication patterns can be used for social good. He holds a BS and two MS degrees from Stanford's School of Engineering; his PhD from the MIT Media Laboratory on Reality Mining was declared one of the '10 technologies most likely to change the way we live' by the MIT Technology Review. Recently, he was named one of the world's top mobile phone developers by Nokia and also elected to the TR35. His academic work has been featured in Science, Nature and PNAS, as well as in the mainstream press.

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Nathan Eagle CEO Speaker txteagle, Inc
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In the wake of the global financial crisis, some have dubbed China and the United States the G2, signifying their centrality in global economics and politics. Even so, the relationship between China and the United States is rife with new tensions. Trade and currency challenges persist, complicated by domestic politics and differing approaches to security issues.

In its annual conference to honor the memory of eminent China scholar Michel Oksenberg, Stanford's Shorenstein Asia-Pacific Research Center gathered distinguished policymakers and analysts to examine colliding—and overlapping—interests in U.S.-China relations.

The conference was kicked off by Jeffrey Bader, special assistant to the president and senior director for East Asian Affairs at the National Security Council, who began by exploring the possibility of productive, stable relations amid values that appear to differ vastly. In support of this idea, Bader pointed to successive American presidents, going back to Richard Nixon, who found points of commonality with China. China poses a different challenge today, he argued, than even a decade ago, as its influence has grown alongside its commercial and economic presence. The Obama administration, Bader explained, has sought China's support on key issues and pursued partnership within the context of a broader Asian policy. He concluded by saying that China's rise is not intrinsically incompatible with American interest, but that does not preclude ongoing competition.

A panel chaired by Jean C. Oi, director of the Stanford China Program, next looked at competition and cooperation in the U.S.-China economic relationship. Despite the dangers of speculative bubbles and weakened export markets, the prospects for sustained economic growth in China remain very good, argued Nicholas Lardy, senior fellow at the Peterson Institute for International Economics. Robert Kapp, former president of the U.S.-China Business Council, explored growing challenges facing American business in China, exemplified by recent clashes over Internet censorship. Despite the U.S.-China clash at the Copenhagen global climate conference, Stanford Law Professor Thomas Heller contended that behind the scenes global consensus on this issue has advanced.

Points of tension in the security relationship were the focus of a panel chaired by Amb. Michael H. Armacost, the Shorenstein Distinguished Fellow. China-Taiwan tensions have improved, but Smith College's Steve Goldstein cautioned that Taiwan's policies could shift again, particularly if the promised economic benefits of improved ties do not materialize. China and the United States must likewise manage challenging allies in North Korea and Japan respectively, said Alan Romberg, director of the East Asia Program at the Henry L. Stimson Center. Finally, the United States and China have both congruent and conflicting interests at stake in dealing with the situations in Iran and Pakistan, Stanford's Thomas Fingar, the Oksenberg/Rohlen Distinguished Fellow at FSI, told the gathering.

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Jean Oi, Director of the Stanford China Program, chairs the session about U.S.-China economic competition and cooperation.
Debbie Warren
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PESD Director Frank Wolak spoke at the 3-day City Leader Program event on Thursday, September 9th which gathered 50 cities' mayors from China.  Frank Wolak presented on the topic of Visionary & Executive Leadership: Investment Management & Decision Making for Future Economic Development with a presentation titled "Managing an Increasing Renewable Generation Share Through Active Demand-Side Participation".

This year's event was hosted in collaboration with Cisco and held on Stanford campus.

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The Stanford China Program, in cooperation with the Center for East Asian Studies, will host a special series of seminars to examine China as a major political and economic actor on the world stage.  Over the course of the autumn and winter terms, leading scholars will examine China actions and policies in the new global political economy.  What is China's role in global governance?  What is the state of China's relations with its Asian neighbors?  Is China being more assertive both diplomatically as well as militarily?  Are economic interests shaping its foreign policies?  What role does China play amidst international conflicts? 

Seiichiro Takagi is a professor at the School of International Politics, Economics and Communication at the Aoyama Gakuin University in Tokyo, Japan and a Senior Visiting Fellow of the Japan Institute of International Affairs. He specializes in Chinese foreign relations and security issues in the Asia-Pacific region. Previously, he was the director of the Second Research Department, which was responsible for area studies, at the National Institute for Defense Studies in Tokyo. He also served on the Graduate School of Policy Science of Saitama University (which became the National Graduate Institute of Policy Studies) for over 20 years, and has been a guest scholar at The Brookings Institution and Beijing University. He serves on the Board of Directors of the Japan Association for International Security, and is a member of several other organizations, including the Japanese Committee, Council for Security Cooperation in Asia-Pacific (CSCAP); the Japan Association for International Relations; and the Japan Political Science Association. His recent publications in English include China Watching: Perspectives from Europe, Japan and the United States, 2007 and in Japanese The U.S.-China Relations: Structure and Dynamics in the Post-Cold War Era, 2007.. He earned a B.A. in international relations from the University of Tokyo, Japan, and an M.A. and Ph.D. from Stanford University, California.

This event is part of the China and the World series.

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Seiichiro Takagi Professor Speaker School of International Politics, Economics, and Business, Aoyama Gakuin University, Tokyo
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In an emerging economy like China's, institutions are not yet institutions. They are often the playthings of politics and bureaucratic rivalries. China's banking system is a case in point.  Since 1949, banks have bounced around China's institutional landscape as the government tried out first one then another banking model.  This mattered little to the outside world until the last decade when reform brought banks to the international capital markets in search of massive amounts of new capital.  This did not, however, stop institutional in-fighting.  It spread so that today the domestic struggle over bank roles, responsibilities and ownership has expanded to involve international markets, investors, regulators and the reputations of market professionals at a growing cost to the Chinese government and to the banks themselves.

Carl Walter brings to JPMorgan over 20 years of professional experience in a number of senior banking positions across Asia and primarily in China.  Currently Mr. Walter is Managing Director, JPMorgan China.

Prior to joining JPMorgan, Mr. Walter was a Managing Director and a member of the Management Committee at China International Capital Corporation ("CICC"), a joint venture of Morgan Stanley and China Construction Bank. He played a key role in the execution of CICC's international and domestic equity and fixed income transactions. 

While at Credit Suisse First Boston Mr. Walter was responsible for organizing the firm's China investment banking team and established its Beijing Representative Office in 1993 serving as Chief Representative. During this time, he was involved in a number of significant equity and debt offerings. 

A fluent Mandarin speaker, Mr. Walter received an MA in economics at Beijing University in 1979-80 supported by a grant from National Academy of Science. He received his PhD in Political Science from Stanford University in 1981 and earned his BA from Princeton University. He is also the author of "Privatizing China: Inside China's Stock Markets" which has been published in a Chinese edition "Minyinghua zai Zhongguo".

This event is part of the China and the World series.

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Carl Walter Managing Director Speaker JPMorgan China
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Wolak spoke at the 3-day City Leader Program event on Thursday, September 9th which gathered 50 cities' mayors from China.  Frank Wolak presented on the topic of Visionary & Executive Leadership: Investment Management & Decision Making for Future Economic Development with a presentation titled "Managing an Increasing Renewable Generation Share Through Active Demand-Side Participation".

This year's event was hosted in collaboration with Cisco and held on Stanford campus.

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Senior Fellow at the Freeman Spogli Institute for International Studies
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Frank A. Wolak is a Professor in the Department of Economics at Stanford University. His fields of specialization are Industrial Organization and Econometric Theory. His recent work studies methods for introducing competition into infrastructure industries -- telecommunications, electricity, water delivery and postal delivery services -- and on assessing the impacts of these competition policies on consumer and producer welfare. He is the Chairman of the Market Surveillance Committee of the California Independent System Operator for electricity supply industry in California. He is a visiting scholar at University of California Energy Institute and a Research Associate of the National Bureau of Economic Research (NBER).

Professor Wolak received his Ph.D. and M.S. from Harvard University and his B.A. from Rice University.

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Awudu Abdulai, chair of food economics at the University of Kiel, Germany, is FSE's Cargill visiting scholar from October 2010 - March 2011. While at Stanford he will be pursuing three research themes. The first looks at how farmers risk preferences influence their decisions to adopt water conservation technologies and how that impacts farm productivity. The second examines how social capital, property rights and tenure duration affect farmers' investment decisions on sustainable management practices. The third involves an analysis of the welfare impacts of cultivating export crops in Sub-Saharan Africa.

Prior to joining the faculty at the University of Kiel, Professor Abdulai taught at the Swiss Federal Institute of Technology, Zurich (ETH) and also held visiting positions at the Departments of Economics at Yale University and Iowa State University, as well as the International Food Policy Research Institute, Washington, DC. Abdulai is originally from Ghana and his fields of interests span development economics, consumer economics and industrial organization.

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