European and Global Economic Crisis Series: "Europe At The Cross Road – Ending or Finalizing the EMU"
Jacob Funk Kirkegaard has been a research fellow at the Peterson Institute for International Economics since 2002 and is also a senior associate at the Rhodium Group, a New York-based research firm. Before joining the Institute, he worked with the Danish Ministry of Defense, the United Nations in Iraq, and in the private financial sector. He is a graduate of the Danish Army's Special School of Intelligence and Linguistics with the rank of first lieutenant; the University of Aarhus in Aarhus, Denmark; and Columbia University in New York.
He is author of The Accelerating Decline in America's High-Skilled Workforce: Implications for Immigration Policy (2007) and coauthor of US Pension Reform: Lessons from Other Countries (2009) and Transforming the European Economy (2004) and assisted with Accelerating the Globalization of America: The Role for Information Technology (2006). His current research focuses on European economies and reform, pension systems and accounting rules, demographics, offshoring, high-skilled immigration, and the impact of information technology.
Jacob Kierkegaard interviews on the European financial crisis can be found in the following NPR articles:
"Why European Leaders are Suddenly Backing More Bank Bailouts"
"Ireland Went Down with its Banks. Why Didn't that Happen in the U.S.?"
"Is This Europe's 'Lehman Moment'? Banks Don't Think So"
CISAC Conference Room
Independent Chinese media pioneer Caixin to receive 2011 Shorenstein Journalism Award
STANFORD, Calif.—Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) is pleased to announce China’s Caixin Media as the recipient of the 2011 Shorenstein Journalism Award. Caixin was selected for its commitment to integrity in journalism, and for its path-breaking role as a leader in establishing an independent media in China.
The Shorenstein Journalism Award was launched in 2002 to recognize the contributions of Western journalists in deepening our understanding of Asia. In 2011, the recipients of the award have been broadened to encompass Asian journalists who are at the forefront of the battle for press freedom in Asia and who have played a key role in constructing a new role for the media, including the growth of social media and Internet-based journalism. The award will also identify those Asian journalists who, from that side of the Pacific Ocean, have aided the growth of mutual understanding between Asia and the United States.
Asia has served as a crucible for the role of the press in democratization in places such as South Korea, Taiwan, India, Pakistan, and Indonesia. It has also figured greatly in the emergence of social media and citizen journalism. New tests of the role of the media are emerging in China, Vietnam, and other authoritarian societies in Asia. The Shorenstein Journalism Award aims to encourage the understanding of key issues facing the media in Asia, among them whether the Internet will be a catalyst for change or an instrument of authoritarian control.
The decision to name Caixin Media as the first recipient of this award in Asia is a recognition of the leadership role of a group of young journalists, led by a visionary editor, since their founding of Caijing magazine in 1998. The core group moved on in November 2009 to found Caixin Media in an effort to preserve their independence in a media environment dominated by the state in China. The company is based in Beijing and is guided by an independent advisory board of noted Chinese and foreign intellectuals and academics. The Caixin team has achieved renown for its coverage of the profound economic and social changes taking place in China and its willingness to dig into the darker corners of that change. In recent months, Caixin has probed into the errors that led to the crash of a high-speed train in China, and investigated the seizure and sale of children by family planning officials in Hunan province.
Hailed by the Economist as “one of China’s more outspoken media organizations,” Caixin is internationally recognized for its tough-minded investigative reporting. In 2011, Caixin editor-in-chief Hu Shuli was named one of Time Magazine’s Top 100 Influential People, and managing editor Wang Shuo was ranked among China’s top 10 young editors.
Caixin publishes several leading print and online publications, including the weekly business and finance magazine Caixin Century, the monthly periodical China Reform, the bimonthly journal Comparative Studies, and the English-language Caixin Weekly: China Economics and Finance. Caixin’s numerous other offerings include a Chinese- and English-language news portal Caixin.cn, a publication series, video programming, an international journalism fellowship program, and extensive use of social media.
On December 7, Hu and Wang will visit Stanford to accept the Shorenstein Journalism Award. They will participate in a daytime public panel discussion on the future of China’s independent media, joining acclaimed China historian and former Pulitzer Prize jury member Orville Schell, Shorenstein APARC associate director for research Daniel C. Sneider, and other noted Asia specialists. That evening, Hu and Wang will receive a cash prize of $10,000 during a dinner and award ceremony.
Hu’s distinguished career spans both print and broadcast journalism. She is a former Stanford Knight Journalism Fellow (1994), and, in addition to her role as Caixin’s editor-in-chief, currently serves as dean of the School of Communications and Design at Sun Yat-sen University. A recipient of the 2007 Louis Lyons Award for Conscience and Integrity in Journalism, Hu is frequently named on annual Who’s Who lists by publications such as Foreign Policy.
Wang is a former international editor for People’s Daily, a Chinese government-run newspaper published nationally. Recognized as one of the brightest rising stars in his field, Wang was named as a Young Leader in 2007 and 2008 by the Boao Forum for Asia, and as a media leader by the World Economic Forum. He has led the investigative journalism teams at Caixin.
About the Award
Established in 2002, the Shorenstein Journalism Award carries a cash prize of $10,000 and honors a journalist not only for a distinguished body of work, but also for the particular way that work has helped American readers to understand the complexities of Asia. The award was named after Walter H. Shorenstein, the philanthropist, activist, and businessman who endowed two institutions that are focused respectively on Asia and on the press: Shorenstein APARC in the Freeman Spogli Institute at Stanford University, and the Joan Shorenstein Center on the Press, Politics, and Public Policy in the Kennedy School of Government at Harvard University.
The award was originally designed to honor distinguished American journalists for their work on Asia, including veteran correspondents for leading American media such as the New York Times, the Washington Post, Newsweek, NBC News, PBS, and the Wall Street Journal. Past recipients include Stanley Karnow, Orville Schell, Don Oberdorfer, Nayan Chanda, Melinda Liu, John Pomfret, Ian Buruma, Seth Mydans, and Barbara Crossette.
Shorenstein APARC believes that it is vital to continue the Shorenstein Journalism Award, not only to honor the legacy of Walter H. Shorenstein and his twin passions for Asia and the press, but also to promote the necessity of a free and vibrant media for the future of relations between Asia and the United States. Moreover, as we have seen recently in the Middle East, a free press, not only in its traditional forms of print and broadcast but now also via the Internet and new avenues of social media, remains the essential catalyst for the growth of democratic freedom. The award is given annually based on the deliberations and decision of a distinguished jury whose members include:
Ian Buruma, the Henry R. Luce Professor of Democracy, Human Rights, and Journalism at Bard College, is a noted Asia expert who frequently contributes to publications including the New York Times, the New York Review of Books, and the New Yorker. He is a recipient of the Shorenstein Journalism Award and the international Erasmus Prize (both in 2008).
Nayan Chanda, director of publications at the Yale Center for the Study of Globalization, served for nearly 30 years as editor, editor-at-large, and correspondent for the Far Eastern Economic Review. He was honored with the Shorenstein Journalism Award in 2005.
Susan Chira, assistant managing editor for news and former foreign editor of the New York Times, has extensive Asia experience, including serving as Japan correspondent for the Times in the 1980s. During her long tenure as foreign editor, the Times twice won the Pulitzer Prize for International Reporting (2009 and 2007).
Donald K. Emmerson, a well-respected Indonesia scholar, serves as director of Shorenstein APARC’s Southeast Asia Forum and as a research fellow for the prestigious National Asia Research Program (NARP). Frequently cited in the international media, Emmerson also contributes op-eds to leading publications such as the Asia Times.
Orville Schell is the Arthur Ross Director at the Asia Society Center on U.S.-China Relations, and is also a former jury member for the Pulitzer Prize for International Reporting. He has written extensively on China, and was awarded the 1997 George Peabody Award for producing the groundbreaking documentary the Gate of Heavenly Peace. He received the Shorenstein Journalism Award in 2003.
Daniel C. Sneider serves as the associate director for research at Shorenstein APARC and also as a NARP research associate. He frequently contributes articles to publications such as Foreign Policy, Asia Policy, and Slate and had three decades of experience as a foreign correspondent and editor for publications including the Christian Science Monitor and the San Jose Mercury News.
In War and Cold War: Edward Teller and the Other Martians of Science
An extraordinary group of scientists in the last century included the aerodynamicist Theodore von Kármán, the physicists Leo Szilard, Eugene P. Wigner, and Edward Teller, and the mathematician John von Neumann. These Jewish-Hungarians first left Hungary for Germany, then were forced out of Europe, and in the United States they became instrumental in the defense of the Free World during World War II and the Cold War. The lessons of their lives and oeuvres will be discussed with emphasis on the most controversial one, Edward Teller, known also as “the father of the Hydrogen Bomb.”
Speaker bio:
István Hargittai is a member of the Hungarian Academy of Sciences, Norwegian Academy of Science and Letters, and the Academia Europaea (London). He is a Ph.D. of Eötvös University (Budapest), D.Sc. of the Hungarian Academy of Sciences, Dr.h.c. of Moscow State University, the University of North Carolina, and the Russian Academy of Sciences. His recent books include the six-volume Candid Science series (2000-2006), The Road to Stockholm (2002; 2003), Our Lives (2004), Martians of Science (2006; 2007), The DNA Doctor (2007), Judging Edward Teller (2010), and Drive and Curiosity (2011).
CISAC Conference Room
Indonesia promotes its economic and political strengths
New Series: European and Global Economic Crisis
The Europe Center has launched its series addressing the European and global economic crisis. The Europe Center is hosting research and outreach programming and podcast interviews on such key elements as the depth of sovereign and private sector debt, public sector reform, and the policies and political constraints on leadership on both sides of the Atlantic.
Programming open to the public includes the following talks by senior analysts visiting and in residence at The Europe Center at FSI:
- Josef Joffe, Senior Fellow, FSI, and publisher-editor of “Die Zeit”
- Robin Niblett, Director, Chatham House Royal Institute for International Affairs
- Jacob Kirkegaard, Peterson Institute for International Economics
Additional research and policy analysts will be added to the series throughout the year.
Details on this series, including dates of the talks are available on the European and Global Economic Crisis Series page.
Video and podcast interviews are available at the Europe Center and FSI home pages.
A new study looks at the economics of counterinsurgency
A new study by Joseph Felter, Jacob N. Shapiro, and Eli Berman, finds that the U.S. counterinsurgency strategy in Iraq and Afghanistan, which focuses on working with local populations on small, community-based projects like digging wells or paving rural roads, has reduced violence. Researchers found no evidence, however, that larger projects had the same effect. Read the study below.
African Agricultural Productivity Growth and R&D in a Global Setting
This paper was prepared for Stanford University’s Global Food Policy and Food Security Symposium Series, hosted by the Center on Food Security and the Environment, and supported by the Bill and Melinda Gates Foundation.
Relative to other regions of the world, most African economies are still heavily reliant on agriculture as a source of income and employment. And with more than 70 percent of the continent’s poor residing in rural areas, the production and productivity performance of African agriculture is pivotal to overall economic growth and the well-being of the poorest people in the region. After a dismal decade of output growth in the 1970s, the rate of aggregate agricultural output growth picked up for each of the subsequent three decades, and averaged 2.83 percent per year during the 2000s. With population growing at still record rates by world standards, per capita output grew much more slowly, just 0.36 percent per year during the past decade.
The productivity evidence is mixed and difficult to summarize. The rate of African crop yield growth (at least for the four crops given closer attention in this paper: corn, wheat, rice and soybean) is generally slower than elsewhere in the world, and in keeping with patterns seen elsewhere there has been a slowdown in the pace of average crop yield growth in Africa since around 1990. African land and labor productivity levels also generally lag those found elsewhere in the world, although aggregate land productivity in Africa outperformed that of Australia and New Zealand, another region of the world with challenging agricultural soils and heavy reliance on erratic (and often agriculturally marginal) weather. The reported rates of growth in multi-factor productivity (MFP) for African agriculture are also low by world standards, but the body of available evidence suggests that African MFP growth rates picked up in recent years. Unfortunately, the lack of reliable data and differences in the analytical details between the available studies makes it hard to reconcile the evidence and reach robust conclusions about MFP performance throughout sub-Saharan Africa.
Productivity levels and growth rates are affected by a host of factors, not least the technologies linking inputs to outputs and, by implication, the amount, nature and effectiveness of the innovative effort that develops and deploys these technologies. Although overall investments in African public agricultural research and development (R&D) have increased during the past decade or so, the growth in spending is not especially widespread and dominated by growth in just a few countries. Nigeria and Ethiopia account for half the region’s increase in agricultural R&D spending from 2000-2005—the latest year for which data are presently available. The intensity of public investment (i.e., agricultural R&D spending relative to the value of agricultural output) has increased as well. However, during the 2000-2005 period Africa spent just $0.54 on public research for every $100 of agricultural output, almost half the corresponding rest-of-world intensity ($1.05) and one-fifth of the rich country average ($2.70). Fragmented and typically small research agencies, and unstable funding streams still bedevil African agricultural research endeavors and undermine efficiencies in agricultural research that are intrinsically long-term in nature. Turning around these research realties in a meaningful and sustained fashion will be critical to realizing the long-term growth in African agriculture productivity that will be required to grow that sector in particular and the region’s economies more generally.