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In this report, Kharis Templeman, program manager of the Taiwan Democracy Project, summarizes the discussions and conclusions from the Trans-Pacific Partnership Conference held in October of 2013 at Stanford University.  The conference was aimed at considering the opportunities and constraints on Taiwan’s future economic development, particularly in the context of a changing trading environment in the Asia Pacific region. Although there remained some disagreement among the panelists as a whole, many conclusions were determined, notably, Taiwan’s national interest to join the Trans-Pacific Partnership.

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Tain-Jy Chen (left), president of the Chung-Hua Institution of Economic Research and professor of economics at National Taiwan University, is seen with Hung-mao Tien (right), president of the Institute for National Policy Research in Taiwan, during the Trans-Pacific Partnership Conference at Stanford University in October 2013. | Sadaf Minapara
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Abstract: I examine how the shift from an exam to a district based high school assignment rule impacts intergenerational mobility and residential inequality. A stylized model predicts that under district assignment, household income relative to one’s ability becomes a stronger predictor of achievement, and higher income households sort towards and increase housing prices in the better school districts. I test predictions utilizing a unique policy change from South Korea in the 1970s. High school admission had traditionally been exam based in South Korea. However, between 1974 and 1980 the central government shifted several cities to a school district based system. I find that the reform increased intergenerational income elasticity from 0.15 to 0.31, and that higher income households migrated to the reform cities. I next examine whether school districting altered residential land prices within a city using a first differenced boundary discontinuity design. By focusing on the immediate years before and after the creation of school districts in Seoul, I find that residential land prices increased by about 13% point more on average and by about 26% point across boundaries in the better school district. In sum, I find that the shift from a merit to a location based student assignment rule decreases intergenerational mobility and increases residential inequality.

Professor Lee's research intersects the fields of economic development, political economy, urban economics and public economics, and regionally focuses on Korea and East Asia. Some of his recent research on Korea examines the impact of economic sanctions on the urban elites in North Korea and the impact of education policy on intergenerational mobility in South Korea. His research also examines entrepreneurship and urban growth, the efficacy of disaster aid delivery, and the relationship between aid and trade. Professor Lee is a member of the US-Korea Scholar-Policymaker Nexus Program organized by the Mansfield Foundation and the Korea Foundation. He received his PhD in economics from Brown University, master of public policy from Duke University, and bachelor degree in architecture from Seoul National University. As he made the transition from architecture to economics, he worked as an architecture designer and real estate development consultant.

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Yong Suk Lee Assistant Professor of Economics, Williams College Speaker
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The Stanford Korean Studies Program (KSP) and the Stanford Program on International and Cross-Cultural Education (SPICE), with support from Hana Financial Group, are offering a very exciting and intensive professional development opportunity for secondary school teachers: The Hana–Stanford Conference on Korea for U.S. Secondary School Teachers. This three-day summer conference will feature scholarly lectures and curricular presentations on topics such as Korean history, North Korea, inter-Korean relations, politics, economics, culture, and U.S.–Korean relations. We hope to bring together educators who are interested in incorporating Korean studies into their curricula and to provide a venue for them to learn and exchange ideas.

All conference meals and registration costs will be covered by the conference. For those who reside more than 50 miles from Stanford University, shared hotel accommodations and reasonable airfare expenses will be covered. Each teacher will be given a $300 stipend to cover incidental expenses and also receive an excellent selection of books and complimentary teaching materials about Korea. In addition, teachers can earn an optional 2 units of credit from Stanford Continuing Studies.

Space is limited to 30 teachers from secondary schools throughout the United States. Teachers from out of town are encouraged to arrive on July 27, 2014. To apply to attend the conference, please fill out the Applicant Registration Form and return it to the address below by February 7, 2014. We will notify you once your applicant registration form has been reviewed by the selection committee. 

For more information, please contact Sabrina Ishimatsu at sishi@stanford.edu.

Paul Brest Hall West
555 Salvatierra Walk
Stanford University

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In an effort to infuse Asian studies in the social studies and literature curricula, the Stanford Program on International and Cross-Cultural Education (SPICE), in cooperation with the National Consortium for Teaching About Asia (NCTA), is offering a professional development opportunity at Stanford University.

This all day workshop will focus on teaching about Japan in the social studies classroom. Participants will hear from top Japan scholars, engage in Japan related curriculum, and network with other local teachers.  This is the second workshop in a four part series.

Encina Ground Floor Conference Room

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In an effort to infuse Asian studies in the social studies and literature curricula, the Stanford Program on International and Cross-Cultural Education (SPICE), in cooperation with the National Consortium for Teaching About Asia (NCTA), is offering a professional development opportunity at Stanford University.

This all day workshop will focus on teaching about ancient China and the Silk Road. Participants will hear from top China scholars, engage in China related curriculum, and network with other local teachers.  This is the first in a four part series.

Encina Ground Floor Conference Room

Workshops
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In an effort to infuse Asian studies in the social studies and literature curricula, the Stanford Program on International and Cross-Cultural Education (SPICE), in cooperation with the National Consortium for Teaching About Asia (NCTA), is offering a professional development opportunity at Stanford University.

This all day workshop will focus on teaching about China in the social studies classroom. Participants will hear from top China scholars, engage in China related curriculum, and network with other local teachers.  This is the first in a four part series.

Encina Ground Floor Conference Room

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Over the past 35 years of the reform period Beijing has tried to make its state-owned enterprises more efficient and competitive. In the early 1990s it adopted a strategy modeled closely on the Western corporation and the equity and debt capital markets that support its operations. But China's big SOEs have demonstrated more and more independence despite outright economic and ownership control by the government and the Communist Party. And this independence has not led to greater efficiencies or, arguably, even competitiveness. Instead the National Champions represent monopolistic economic and political power. Today China's new leadership confronts the National Champions seeking to regain control over the state's principal assets. How did this happen and what can be done to reassert Beijing's rights?  

Carl E. Walter worked in China and its financial sector for over 20 years and actively participated in many of the country’s financial reform efforts. While at Credit Suisse First Boston he played a major role in China’s groundbreaking first overseas IPO in 1992. Later at Morgan Stanley he was a member of senior management at China International Capital Corporation, China’s first and most successful investment bank. While there he supported a number of groundbreaking domestic and international stock and bond underwritings for major Chinese corporations. More recently at JPMorgan he was China Chief Operating Officer and Chief Executive Officer of its China banking subsidiary. During this time Carl helped build a pioneering domestic security, risk and currency trading operation. In his spare time he enjoyed driving his Jeep to distant provinces.

A long time resident of Beijing before his recent return to the United States, Carl is fluent in Mandarin and holds a PhD from Stanford University and a graduate certificate from Peking University. In Spring 2013, Carl returned to Stanford as a visiting scholar at the Shorenstein-Asia Pacific Research Center, FSI. He is the co-author of Red Capitalism: the fragile financial foundations of China’s extraordinary rise, which has been published in Chinese in China. His earlier book, Privatizing China: inside China’s stock markets, was also published in China and, like Red Capitalism, contributed to the government’s policy debate.

This event is co-sponsored with CEAS and is part of the China under Xi Jinping series.

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Carl E. Walter Former CEO Speaker JPMorgan Chase Bank China Co Ltd.
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We use retrospectively reported data on smoking behavior of residents of Mainland China and Taiwan to compare and contrast patterns in smoking behavior over the life-course of individuals in these two regions. Because we construct the life-history of smoking for all survey respondents, our data cover an exceptionally long period of time – up to fifty years in both samples. During this period, both societies experienced substantial social and economic changes. The two regions developed at much different rates and the political systems of the two areas evolved in very different ways. More importantly, governments in the two areas set policies that caused the flow of information about the health risks of smoking to differ across the regions and over time. We exploit these differences, using counts of articles in newspapers from 1951 to present, to explore whether and how the arrival of information affected life-course smoking decisions of residents in the two areas. We also present evidence that suggests how prices/taxes and key historical events might have affected decisions to smoke.

Dean Lillard received his PhD in economics from the University of Chicago in 1991. From 1991 to 2012, he was a faculty member and senior research associate in the Department of Policy Analysis and Management at Cornell University. In August 2012 he joined the Department Human Sciences at Ohio State University as an Associate Professor. He is Director and Project Manager of the Cross-National Equivalent File study that produces cross-national data. He is a member of the American Economics Association, the Population Association of America, the International Association for Research on Income and Wealth, the International Health Economics Association, the American Society for Health Economics, a Research Associate at the German Institute for Economic Research in Berlin, Germany, and a Research Associate of the National Bureau of Economic Research. He serves on the advisory board of the Danish National Institute for Social Research in Copenhagen, Denmark and the Cross-National Studies: Interdisciplinary Research and Training Program – a collaborative program run by the Polish Academy of Sciences (PAN), and together with the Mershon Centre at OSU.

Dean Lillard's current research focuses on health economics, the economics of schooling, and international comparisons of economic behavior. His research in health economics is primarily focused on the economics of the marketing and consumption of cigarettes and alcohol. His research on the economics of schooling includes studies of direct effects of policy on educational outcomes and on the role that education plays in other economic behaviors such as smoking, production of health, and earnings. His cross-national research ranges widely from comparisons of the role that obesity plays in determining labor market outcomes to comparisons of smoking behavior cross-nationally.

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Dean R. Lillard Associate Professor, Department Human Sciences Speaker Ohio State University
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CISAC and FSI Senior Fellows Siegfried Hecker and William J. Perry write in this New York Times OpEd that Iran has little to show for its 50-year pursuit of a nuclear program. They argue Iran should forego its attempts to build the bomb and concentrate on learning how to build better nuclear power plants, which would aid the country's beleaguered economy and promote international cooperation.

"Japan and South Korea became leading global reactor vendors by doing so," they write. "This could constitute a pragmatic and honorable choice. Such a solution offers the best opportunities for technical and industrial development with greatest economic gain and and least danger of proliferation."

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Many believe that successful Chinese internet firms benefit from a lot of eyeballs and traffic, but still lack a substantial monetization model. A panel at the China 2.0 conference held by Stanford Graduate School of Business on October 3, 2013 challenged this preconception and offered insights into the globalization of Chinese internet and digital companies, the development of China’s entrepreneurial ecosystem, and the shift to mobile and its implications.The “VC Outlook on Internet and Digital Media” panel brought together Jenny Lee of GGV Capital, Annabelle Long of Bertelsmann Asia Investments, and Raymond Yang of WestSummit Capital in a discussion moderated by David Chao of DCM.

Bay-jing, a combination of “Beijing” and “Bay Area,” references the increasing interaction between the two sides of the Pacific, and encapsulates the current dynamic of globalization affecting Chinese internet companies. Tencent’s Weixin was renamed WeChat and features soccer star Lionel Messi in its ads for international markets, which counted more than 100 million users outside China in August 2013.

Bay-jing, according to Yang, does not only refer to more users for Chinese companies in the U.S. and globally. It also alludes to the flow of ideas and investments between China and Silicon Valley. Alibaba recently announced its intention to set up an office in San Francisco for investing in American companies while leading a $206 million investment round in ShopRunner, an American online shopping website. Read more...

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