Structural Change and the Future of Indian Agriculture
Binswanger-Mkhize's talk will look at past and likely future agricultural growth and rural poverty reduction in the context of the overall economy of India, in which growth has accelerated sharply since the 1980s, but agriculture still has not followed suit. Despite slow growth, urban-rural consumption, income and poverty differentials have not risen. This is because urban-rural spillovers have led to a sharp acceleration of rural non-farm growth and income. Binswanger-Mkhize proposes an optimistic vision can be realized if agricultural growth accelerates, high and widely shared economic growth leads to strong spillovers to the rural economy, and the rural non-farm sector continues to flourish. This would enable the rural sector to keep up with income growth in the urban economy and rural poverty would rapidly decline. However, if agricultural growth fails to accelerate, and overall economic growth falters, a more pessimistic vision is also possible. Binswanger-Mkhize will also discuss the role of prices and wages in determining agricultural growth, rural poverty and nutrition, and the two interlinked income parity issues: rural-urban and agricultural-non-agricultural incomes parity.
Marianne Banziger, Deputy Director, Research & Partnership at International Maize and Wheat Improvement Center (CIMMYT) will provide commentary.
Bechtel Conference Center
Aiding Conflict: The Impact of U.S. Food Aid on Civil War
Abstract:
Nunn's paper examines the effect of U.S. food aid on conflict in recipient countries. To establish a causal relationship, he and Nancy Qian exploit time variation in food aid caused by fluctuationsin U.S. wheat production together with cross-sectional variation in a country's tendency to receive any food aid from the United States. Their estimates show that an increase in U.S. food aid increases the incidence, onset and duration of civil conflicts in recipient countries. The results suggest that the effects are larger for smaller scale civil conflicts. No effect is found on interstate warfare.
Speaker Bio:
Professor Nunn was born in Canada, where he received his PhD from the University of Toronto in 2005. In 2009, Professor Nunn was selected as an Alfred P. Sloan Research Fellow and grant recepient.
Professor Nunn’s primary research interests are in economic history, economic development, political economy and international trade. One stream of Nunn’s research focuses on the long-term impact that historic events can have on current economic development. In “Historical Legacies: A Model Linking Africa’s Past to its Current Underdevelopment”, published in the Journal of Development Economics in 2007, Nunn develops a game-theoretic model showing how the slave trade and colonial rule could have had permanent long-term effects on economic performance. In “The Long-Term Effects of Africa’s Slave Trades” (Quarterly Journal of Economics, 2008), Nunn documents the long-term adverse economic effects of Africa’s slave trades. His current research continues to examine the specific channels through which the slave trade affects current development within Africa. In "The Slave Trade and the Origins of Mistrust in Africa" (American Economic Review, forthcoming), coauthored with Leonard Wantchekon, he empirically documents how the slave trade engendered a culture of mistrust amongst the descendants of those heavily threatened by the slave trade.
A second stream of Professor Nunn’s research focuses on the importance of hold-up and incomplete contracting in international trade. He has published research showing that a country’s ability to enforce written contracts is a key determinant of comparative advantage (“Relationship-Specificity, Incomplete Contracts and the Pattern of Trade,” Quarterly Journal of Economics, 2007). Other work, coauthored with Daniel Trefler, examines the relationship between the cross-industry structure of a country's tariffs and its long-term economic growth (“The Structure of Tariffs and Long-Term Growth,” American Economic Journal: Macroeconomics, 2010). The study identifies growth-promoting benefits of a tariff structure focused in skill-intensive industries. It also shows how and why governments that succumb to political influence and rent-seeking are unable to focus tariffs in these key industries.
Philippines Conference Room
REAP in Caixin: China's Poor Face World's Highest High School Tuition
Recent news from Caixin.net
To illustrate the worst-case scenario for China in the near future, Scott Rozelle pulls up a picture from Mexico. It's a completely barren manufacturing warehouse, abandoned after wages in Mexico rose to more than four dollars per hour.
Following its manufacturing moment in the 1980s, Mexico has been struggling to create jobs in part because 40 percent of its workers lack a high school education, the Stanford University Professor of Economics said.
Contrast this to South Korea, where almost the entire workforce has attained a high school degree. After manufacturing jobs left South Korea in the 1980s, he said, well-educated workers were able to upgrade to technical jobs like chip manufacturing and computer assembly.
The question for China is: South Korea or Mexico? Rozelle said.
With rising labor costs, China is under pressure to upgrade from low-cost manufacturing to high-tech production. But it's still an open question as to whether China's labor force will have the education levels to take on these new roles, or if the jobs will move elsewhere as they did from Mexico in the last few decades.
The odds are stacked against China. In some parts of the country, China's labor force more resembles Mexico's than South Korea's, with about 40 percent of workers in the poorest rural areas (China's 592 "nationally-designated poor counties," as deemed by China's anti-poverty authorities) lacking a high school education, Rozelle said.
Furthermore, the financial hurdles to attaining higher education are the highest in the world, illustrated most recently by a series of studies conducted by the Rural Education Action Project (REAP)—an umbrella group that includes Rozelle's Stanford University, Tsinghua University, the Chinese Academy of Sciences, Peking University and the Xi'an-based Northwest University.
In one REAP study of 62 nations, China claimed the highest tuition price for public rural high schools: $160 per student per semester, not including costs like housing and everyday living expenses. This is nearly three times the world's second-highest tuition in Indonesia, which also fully subsidizes the education costs of children under the poverty line.
It's also a stark contrast to the fact that the vast majority of nations—93 percent of those studied—fully subsidize education, including places like Brazil, India and Kenya.
The high costs of education will become even more problematic, Rozelle said, once China's economy begins to restructure towards higher-value production. If the skill levels of the labor force cannot keep up, China will be caught in a middle-income trap, he said, possibly leading to high unemployment and social strife—not unlike what is plaguing Mexico now, he said.
Even a small subsidy could push thousands of students into high school. In REAP's most recent study, Rozelle and his colleagues took 250 junior high classes in Shaaxi Province and selected the two poorest students from each, providing one with a 1,500 to 2,500 yuan subsidy. The survey revealed that 51 percent of students who had received the subsidy were admitted to high school in the fall of 2010, while only 38 percent without the subsidy enrolled.
To some degree, the Chinese government has recognized the importance of limiting the costs of education. In 2009, officials enacted a policy to reduce high school tuition costs, providing 20 percent of students in central regions and 30 percent in the China's western parts with scholarships ranging between 1,000 and 3,300 yuan annually.
But the policy has proved somewhat illusory: In its 2011 survey of more than 3,000 students in Shaanxi Province, REAP discovered that less than five percent of the targeted students had actually received the subsidies.
Innovation in the Cloud: How Cloud Computing is Changing the Landscape of Entrepreneurship and Innovation
Download the podcast and listen to executives and entrepreneurs from the Valley sharing their insights on how they are building successful businesses which leverage cloud computing to re-shape their industries, from enterprise solutions to mobile consumer applications, in this featured event at Stanford Graduate School of Business for Stanford's annual Entrepreneurship Week.
About the panel discussion
“Cloud makes it easier and cheaper than ever for anyone anywhere to be an entrepreneur and to have access to all the best infrastructure of innovation”, noted Jeff Weiner, CEO of LinkedIn.
By reducing IT design and deployment costs significantly, enabling greater access to data and services across geographies, and harnessing flexible computing power, cloud enables innovation in firms and fuels a start-up boom across the globe. CHAIN and SPRIE are pleased to present a panel of executives, investors and entrepreneurs to share their insights about building successful businesses by leveraging cloud computing.
PANELISTS
James Dai, CEO and founder of CalmSea Inc.
Jim Dai, Chief Executive Officer, CalmSea
Jim is the CEO and founder of CalmSea Inc., a provider of business optimization solutions for retailers. Jim has 25 years of experience in software industry, with a proven track record of delivering quality product and services to customers. Before founding CalmSea Inc, Jim was an entrepreneur-in-residence at Altos Ventures. Prior to that, Jim was the Sr. Vice President of Products for DemandTec, responsible for Product Management, Engineering, Operations, Customer Support and IT. Jim was instrumental in DemandTec’s successful IPO in 2007. Prior to joining DemandTec, Jim held executive management positions at Siebel, Vivant!, DoubleTwist, Informix and Oracle.
Jim holds a Bachelor Degree in Computer Science from the University of California, Berkeley and a Master Degree in Management from Stanford University.
Sam Ghods, Vice President of Technology, Box.com
Sam Ghods, Vice President of Technology, Box.com
Sam Ghods is the Vice President of Technology at Box, where he manages the design and architecture of Box's application and technology stack. Prior to joining Box, Sam was a developer at essembly.com, which is now part of Project Agape. Before essembly.com, Sam was the lead developer at zexsports.com, where he was responsible for development, server management, and architecture.
Sam attended the University of Southern California, where he studied computer engineering and computer science for two years before joining Box in 2006.
Ken Oestreich, Senior Director of Marketing, EMC
Ken Oestreich, Senior Director of Cloud and Virtualization Marketing, EMC
Ken Oestreich is Sr. Director of Cloud and Virtualization Marketing at EMC. With over 20 years in enterprise software and data center technology, he is now helping EMC define the market for cloud computing and IT transformation.
Prior to EMC Ken was with Egenera Inc, a data center infrastructure play (funded by Pharos Capital and Kodiak Venture Partners) and Cassatt Corp, a data center automation startup (funded through Warburg Pincus). Earlier in his career, he was with Sun Microsystems in various new product management capacities. Ken also helped found the Liberty Alliance, an industry-wide body defining federated identity standards for the internet.
Ken began his career in Electrical Engineering, controlling adaptive optics with Litton Industries. He holds a BSE in Electrical Engineering from the University of Pennsylvania and an MBA from Columbia University.
He frequently blogs at fountnhead.blogspot.com and tweets as @fountnhead.
Cindy Padnos, Founder and Managing Director, Illuminate Ventures
Cindy Padnos is the founder and managing partner of Illuminate Ventures, an early stage, high-tech venture capital firm. Illuminate invests in start-ups leveraging new technologies and business models, with a focus in the fast growing category of cloud computing. Current investments and board seats include BrightEdge, CalmSea, Hoopla and Xactly Corporation.
Named by Fast Company as one of the Most Influential Women in Technology in 2010 and by the San Francisco Business Times as one of the Most Influential Women in Business in the Bay Area in 2011, Cindy has been helping accelerate emerging technology companies for over 25 years - as an entrepreneur, advisor, investor and board member. She has raised and deployed more than $100 million in venture funding to help launch dozens of innovative start-ups and bring them to successful outcomes.
Cindy is an advisor to Astia and Project Olympus and sits on the Business Board of Advisors for Carnegie Mellon University’s Tepper School of Business where she received her MBA/MSIA.
Robert Scoble, Start-up liaison, Rackspace; Blogger of 'Scobleizer'
Robert Scoble is a blogger, technology evangelist, and author. Scoble is best known for his blog, Scobleizer, which came to prominence during his tenure at Microsoft from 2003-2006, and he was one of the five guys who started Microsoft's famous Channel9 video community. Subsequently, he worked for Fast Company as a video blogger. He currently works at Rackspace as Startup Liaison Officer through the sponsored content and social networking site building43.com. He is the co-author of Naked Conversations: How Blogs are Changing the Way Businesses Talk with Customers. Described by The Economist as a “minor celebrity among geeks worldwide who read his blog religiously”, Scoble has the distinction of followcost.com naming a unit of measurement to quantify how annoying it will be to follow someone on Twitter as the “milliscoble.”
About the organizers
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About Entrepreneurship Week (E-Week) at Stanford
Stanford E-Week
N302, Oberndorf Event Center
3rd Floor, North Building (above Arbuckle Dining Pavilion)
Knight Management Center, Stanford Graduate School of Business
655 Knight Way, Stanford, CA 94305-7298
N302, Oberndorf Event Center
3rd Floor, North Building (abo
Solar lighting and charging research receives FSI funding
PESD's new research on "Solar Lighting and Phone Charging in East Africa: Understanding Adoption, Business Model, and Development Outcomes" was awarded funding from the Freeman Spogli Institute's Global Underdevelopment Action Fund.
1.5 billion people worldwide lack access to electricity, severely impeding economic development and income generating activities. The electricity access problem is most severe in sub-Saharan Africa, where it affects 700 million inhabitants.
Rapid adoption of mobile phones has created even stronger incentives for low-income households to obtain the electricity needed to charge phones. The emergence of businesses providing solar lighting and charging solutions could help satisfy that need.
PESD’s research will study the factors that drive adoption of these solar lighting and charging technologies, the business models that are successful in delivering them on a commercial basis, and the development outcomes that derive from their use.
FSI’s venture fund was launched in the Summer of 2010 to help fund new research projects addressing global underdevelopment and poverty alleviation. To date, the Action fund has contributed a total of $701,000 to these projects.