On November 7, Stanford economist Takeo Hoshi presented a coauthored paper "Will the U.S and Europe Avoid a Lost Decade? Lessons from Japan's Post Crisis Experience" at the Fourteenth Jacques Polak Annual Research Conference at the International Monetary Fund headquarters in Washington DC.
As cited in Victoria McGrane's blog in the Wall Street Journal, Stanford economist Takeo Hoshi argues in a coauthored paper that Europe is making the same mistakes that Japan did during the 1990s and as a result is likely to suffer a similarly prolonged period of stagnant growth.
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ranabr@stanford.edu
Associate Professor of Economics
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Ran Abramitzky is a Professor of Economics at Stanford University and incoming Senior Associate Dean for the Social Sciences. His research is in economic history and applied microeconomics, with focus on immigration and income inequality. He is a research associate at the National Bureau of Economic Research and a senior fellow at the Stanford Institute for Economic Policy Research. He is the vice chair of the economics department, and the co-editor of Explorations in Economic History. He was awarded an Alfred P. Sloan Research Fellowship, as well as National Science Foundation grants for research on the causes and consequences of income inequality and on international migration. His book, The Mystery of the Kibbutz: Egalitarian Principles in a Capitalist World (Princeton University Press, 2018) was awarded by the Economic History Association the Gyorgi Ranki Biennial Prize for an outstanding book on European Economic History. He has received the Economics Department’s and the Dean’s Awards for Distinguished Teaching. He holds a PhD in economics from Northwestern University.
About the Topic: Re-establishing and strengthening the rule of international law in international affairs was a central Allied aim in the First World War. Revisionism in its many forms has erased this from our memory, and with it the meaning of the war. Imperial Germany’s actions and justifications for its war conduct amounted to proposing an entirely different set of international-legal principles from those that other European states recognized as public law. This talk examines what those principles were and what implications they had for the legal world order.
About the Speaker: Isabel V. Hull received her Ph.D. from Yale University in 1978 and has since then been teaching at Cornell University, where she is the John Stambaugh Professor of History. A German historian, her work has reached backward to 1600 and forward to 1918 and has focused on the history of sexuality, the development of civil society, military culture, and imperial politics and governance. She has recently completed a book comparing Imperial Germany, Great Britain, and France during World War I and the impact of international law on their respective conduct of the war. It will appear in Spring 2014 under the title, A Scrap of Paper: Breaking and Making International Law in the First World War. Her talk is based on this latest research.
CISAC Conference Room
Isabel Hull
John Stambaugh Professor of History, Cornell University
Speaker
Tech City in East London is the fastest growing tech cluster in Europe, beginning with 15 tech companies in 2008 and now boasting now more than 1300 startups as well as leading global firms including Amazon, Facebook, Google, and Intel.
On October 30, 2013, the Silicon Valley Project of Stanford Graduate School of Business hosted a seminar on London as a hub of innovation featuring Eze Vidra, Head of Campus London and Google for Entrepreneurs European Outreach, and Samantha Evans, Vice Consul for Software of UK Trade and Investment (UKTI).
Vidra spoke about London from the perspective of Campus London, Google's first physical startup hub worldwide, which launched in March of 2012 with the mission statement “let’s fill this town with startups!” Campus London sees itself as an “open source” building, working with many partners, and offering the benefits that come with a dedicated working space to as many potential entrepreneurs as possible. Since its opening, over 1,000 startups have benefited from programs and more than 200,000 people have attended over 1,500 events. Perhaps the most unexpected statistic offered by Vidra was the number of cups of coffee sold in the basement of Campus London, which is a co-working space that anyone can register to use. “I believe there’s a correlation between innovation and coffee, and we have pretty damn good coffee,” Vidra exclaimed. They sold more than 90,000 cups of coffee in their first year of operation.
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Speaking from the vantage point of a national government trade and investment organization, Evans offered insights into how government policy can impact the growth of Tech City as a development hub, identifying key policy changes such as reducing the corporate tax rate and creating new R&D tax credits. Evans emphasized that the UK government’s support of Tech City isn’t about creating a new innovation hub from scratch through top-down dictates. The government, she said, recognized a naturally occurring and organically growing cluster of technology companies in East London and made a conscious decision to “help businesses evolve and grow” in a “long-lasting” manner.
Vidra said that Google also “noticed that there was an organic cluster forming in East London.” The company, he said, is trying to provide some of the necessary infrastructure and helping to foster growth and to build up the community. “What we’re trying to do is not to build a new Silicon Valley or try to create something artificially,” said Vidra, “we should build bridges, not valleys.”
Google, with all its resources, couldn’t create something out of nothing, Vidra recognized. He pointed out that “in London everything is encapsulated in one city … every brand, every bank, every organization you can think of.” Vidra argued that London represents an ideal confluence of talent, capital, and ideas, so Google is attempting to act in an enabling role. “We don’t replace universities, we don’t replace accelerators. We actually work with all of these partners and set up a discussion and the environment for them to be active and help entrepreneurs.”
Vidra admits that London still has a ways to go in terms of competing with other innovation hubs like Silicon Valley, New York, and Israel, particularly when it comes to liquidity and exits, but is optimistic about London’s future. He says that London is an “underserved market by startups,” with lower costs, less competition for talent, and much less competition between startups.
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The government’s involvement in promoting Tech City has met with some positive feedback on policy measures. “There’s two policies that have really changed the game in London,” Vidra said about the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS). These government programs have “unlocked unprecedented amounts of capital” for early stage startups. He also praised the government’s Tech City Investment Organization (TCIO) for championing the tech sector through offering grants, bringing in investments from international companies, helping international VCs to set up offices, promoting startups, and assisting companies in going public.
“You can debate what’s the role of government to create entrepreneurship or foster innovation, but we need all the help we can get.” These government policies don’t result in “fake growth,” insists Vidra, “it’s not going to make or break their businesses … but if there’s actually something there it’s going to be much easier for them to grow.”
China’s record breaking economic growth has yielded an equally startling rate of urbanization, as millions move from the countryside to the cities. In many villages one finds only the old and the very young. Old institutions are decaying while new ones may or may not yet exist. We have brought together an international group of social scientists who are interested in the process and consequences of urbanization and who study a diverse set of countries. They will discuss challenges of urbanization in different political and economic settings to examine new urban formation that will help put China’s experience in a global perspective.
Topics and Speakers:
Urbanization in Southern Africa: Jim Ferguson, Dept. of Anthropology, Stanford University
Urbanization in India: Thomas Hansen, Dept. of Anthropology, Stanford University
Urbanization in Italy: Sylvia Yanagisako, Dept. of Anthropology, Stanford University
Urbanization in Latin America: Austin Zeiderman, London School of Economics
Urbanization in China: Zhou Qiren, National School of Development, Peking University
Professor Gold will make a presentation that is part of a larger book project that applies the theory of fields as elaborated by Pierre Bourdieu, Neil Fligstein and Doug McAdam to the remaking of Taiwan since the end of martial law in 1987. He argues that political democratization is only one part of the larger dispersal of all forms of power (what Bourdieu terms “capital”) away from the tight centralized control of the mainlander—dominated KMT to broader segments of Taiwan’s society. This talk will look at this process of the breakdown and reconstruction of the old order of various fields, in particular the political, economic and cultural fields, and the effect of this on the overarching field of power.
Speaker Bio:
Thomas B. Gold is Professor of Sociology at the University of California, Berkeley, and Executive Director of the Inter-University Program for Chinese Language Studies, whose executive office is at Berkeley and teaching program at Tsinghua University in Beijing. He received his B.A. in Chinese Studies from Oberlin College, and M.A. in Regional Studies – East Asia and PhD in Sociology from Harvard University. He taught English at Tunghai University in Taiwan. He was in the first group of U.S. government-sponsored students to study in China, spending a year at Shanghai’s Fudan University from 1979-1980. Prof Gold’s research has examined numerous topics on the societies on both sides of the Taiwan Strait. These include: youth; guanxi; urban private entrepreneurs (getihu); non-governmental organizations; popular culture; and social and political change. He is very active in civil society in the United States, currently serving on the boards of several organizations such as the Asia Society of Northern California, International Technological University, Teach for China, and the East Bay College Fund. His books include State and Society in the Taiwan Miracle, and the co-edited volumes Social Connections in China: Institutions, Culture, and the Changing Nature ofGuanxi, The New Entrepreneurs of Europe and Asia: Patterns of Business Development in Russia, Eastern Europe and China, and Laid-Off Workers in a Workers’ State: Unemployment With Chinese Characteristics.
We write to invite you to an international conference on “Regional Carbon Policies” that PESD is hosting at Stanford University on Thursday, December 5th. With efforts to expand international carbon markets beyond Europe’s trading scheme seemingly stalled, various countries and subnational jurisdictions have taken unilateral action on climate policy. Switzerland, the Canadian provinces of Québec and British Columbia, California, the member states of the Regional Greenhouse Gas Initiative (RGGI) in the northeastern United States, and New Zealand have all moved forward on carbon markets or taxes. Asian countries including Japan, India, South Korea, and China are also in the process of implementing carbon policies.
Linking regional efforts to create a single larger carbon market has the potential to increase the impact and reduce the cost of climate mitigation. With this in mind, our conference brings together academics, government policymakers, and market participants to share the best available academic and practical knowledge about how to make regional carbon policies work. We specifically seek to: 1) identify common implementation challenges facing regional climate policies around the world, 2) formulate a “best practice” market design that can serve as a starting point for a country or region contemplating a GHG emissions allowance market, and 3) identify the policy pathways most likely to foster rapid and successful integration of regional carbon efforts. An additional goal of the meeting is to identify key market rules and integration protocols that can be tested as part of a new research project at Stanford that uses structured “games” to simulate cap and trade markets.
SPEAKERS Eze Vidra - Head of Campus London and Google for Entrepreneurs European Outreach, Google
Samantha Evans -Vice Consul, Software, UK Trade & Investment
ABOUT THE SEMINAR
Innovation Hub: London Eze Vidra, Head of Campus London and Google for Entrepreneurs European Outreach, Google Samantha Evans -Vice Consul, Software, UK Trade & Investment (UKTI)
Wednesday, October 30, 12:00-1:00 pm Venue: McClelland Building, Room M109 - Stanford Graduate School of Business.
London's Tech City, or Silicon Roundabout, is the fastest growing tech cluster in Europe with over 1300 startups, and has managed to attract industry leaders such as Amazon, Facebook, Google, Intel, and more to establish a presence there.
Learn more about what is going on in this hub of innovation in a one-hour seminar with Eze Vidra, the head of Campus London, Google's first physical startup hub worldwide providing entrepreneurs with work and event space, mentorship, and educational programs. Joining him will be Vice Consul Samantha Evans of UKTI, who will offer a government/policy perspective on Tech City.
This talk is part of a seminar series hosted by the Silicon Valley Project at Stanford Graduate School of Business.
ABOUT THE SPEAKERS
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Eze Vidra is the Head of Campus London and Google for Entrepreneurs Europe. In March 2012, Eze launched Campus London, Google's first physical startup hub worldwide providing entrepreneurs with work and event space, mentorship and educational programs as well as access to a vibrant startup community.
Before Campus, Eze spearheaded Google's commerce strategic partnerships in EMEA, launching Google Shopping in Spain and Local Shopping in the UK among other projects. In the years before joining Google, Eze held product management leadership roles at Shopping.com in Israel, Gerson Lehrman Group in New York, Ask.com in Silicon Valley and AOL Europe in London, where was the Principal Product Manager for Search in EMEA. In 2003, Eze co-founded a startup in Israel, developing text-input technology for mobiles.
In 2005, Eze founded VC Cafe, a highly regarded venture capital blog shining a spotlight on Israeli startups. In 2012, he founded Techbikers, a non-for-profit cycling community responsible for starting a school and 20 libraries for children in the developing world. Eze serves as advisory board member of BBC Worldwide Labs and is a trustee of StartupWeekend Europe. He holds a BA in Business and Entrepreneurship from IDC in Israel (Cum Laude) and an MBA from London Business School. A native Argentinean raised in Israel, Eze is fluent in Spanish, Hebrew and English and lives in London with his family.
Samantha Evans is the Vice Consul for Software at UK Trade & Investment. Her role is to advise Enterprise software companies and fast growing start-ups on the opportunities in the UK and European Market as well as providing practical support to accelerate their success in the UK. UKTI is a UK Government organization based in 90 cities across the world – with a overall aim of economic development for the UK – both through import and export.
Sam moved to San Francisco for her current role in January 2013. She previously worked for MIDAS – Manchester’s Investment Agency and a Technology Accelerator in Manchester.
M109, First Floor, McClelland Building
Stanford Graduate School of Business
Knight Management Center
