Asia’s Role in the Global Economy and Challenges in 2013
Forecasting is a difficult profession. International economist David Hale and writer Lyric Hughes Hale do not claim they can foretell the future. But as veteran observers of the Asian economies, they can envision scenarios that are contrary to current conventional wisdom, and trends that deserve more attention than they are given in the media. What if China and Japan actually engage in armed conflict? Could East Asia experience its own version of the Arab Spring? What would be the consequences of another major earthquake in Japan? When the United States was the dominant power in the Pacific, security interests and economic interests were aligned in the region. Now that China has become the largest trading partner for many ASEAN countries, a new Great Divergence is emerging, with potentially destabilizing consequences. While our national attention has been dominated by the Middle East for a decade now, in the coming era of energy self-sufficiency in the United States, we must shift our focus to the Far East.
Global Economist & Chairman
David Hale Global Economics, Inc.
and
Independent International Affairs Professional &
Board Director, The Japan America Society of Chicago
Philippines Conference Room
(Un)Covering North Korea
North Korea, arguably the most isolated country in the world, poses unique challenges for journalists. Access to the country is severely limited and even when a journalist is able to gain entry, the secretive and repressive nature of the state significantly limits what can be learned. Still, despite these difficult conditions, the realities of North Korean life are increasingly finding their way into various media, from newspaper reporting and on-line media to thinly fictionalized accounts.
This panel will take a multi-faceted look at the coverage of North Korea through the journalist (represented by 2012 Shorenstein Journalism Award winner Barbara Demick), the editor, the development/relief worker, and the novelist.
Panelists include:
Bechtel Conference Center
The 5th Annual Koret Conference: North Korea Policy
With new or newly re-elected leaderships in both North and South Korea and all of Korea’s neighbors and the United States, the year 2013 will see increased diplomatic movement regarding the Korean Peninsula. Accordingly, the fifth annual Koret conference will take the form of a policy workshop on North Korea policy. The workshop participants will examine the interests and policies of the new governments of North and South Korea and their neighbors toward the "North Korea problem" and consider what policy adjustments may have made possible by the leadership changes. They will consider initiatives that the concerned countries, individually and collectively, could take to begin a sustainable process of establishing permanent peace and security on the Korean Peninsula and realizing economic and political liberalization in North Korea.
The 5th Annual Koret Conference is made possible by the generous support of the Koret Foundation.
Bechtel Conference Center
The World Bank and IFC's Doing Business Project: A Template for Promoting Economic Reforms?
Abstract:
The World Bank and IFC's Doing Business project has used indicators capturing important dimensions of the business environment to catalyze reforms in a large number of countries. In its tenth year of operation, this talk will focus on the methodological underpinnings of the project, the results obtained on the ground, the challenges ahead and why this matters for the goal of poverty reduction and economic convergence. For more information, please visit: www.doingbusiness.org
Speaker Bio:
Augusto Lopez-Claros became the director of global indicators and analysis in the World Bank–IFC Financial and Private Sector Development Vice Presidency in March 2011. Previously he was chief economist and director of the Global Competitiveness Program at the World Economic Forum in Geneva, where he was the editor of the Global Competitiveness Report, the Forum’s flagship publication, as well as a number of regional economic reports.
Before joining the Forum he was an executive director with Lehman Brothers (London) and a senior international economist. He was the International Monetary Fund’s resident representative in the Russian Federation during 1992–95. Before joining the IMF, Lopez-Claros was a professor of economics at the University of Chile in Santiago. He was educated in England and the United States, receiving a diploma in mathematical statistics from Cambridge University and a PhD in economics from Duke University. He is a much-sought-after international speaker, having lectured in the last several years at some of the world’s leading universities and think tanks. In 2007 he was a coeditor of The International Monetary System, the IMF, and the G-20: A Great Transformation in the Making? and The Humanitarian Response Index: Measuring Commitment to Best Practice, both published by Palgrave. He was the editor of The Innovation for Development Report 2009–2010: Strengthening Innovation for the Prosperity of Nations, published by Palgrave in November 2009.
Encina Ground Floor Conference Room
India's Energy [In]Security and Growing Competition from China
There is considerable optimism that India will continue to grow economically, address the crippling poverty that the majority of the population still faces and become a great nation. Dr. Gupta will first analyze India's energy security by examining the different energy sectors and evaluate to what extent it can meet its energy needs. Dr. Gupta will then analyze the economic, geographical and technology advantage that China holds over India and what India must do to address these challenges.
Dr. Rajan Gupta is a theoretical physicist at Los Alamos National Laboratory and a Laboratory fellow. He currently serves as Program Manager of the High Energy Physics Program an LANL and previously served as Group Leader of Elementary Particles and Field Theory. He obtained his Masters in Physics from Delhi University, India, and earned his Ph.D. in Theoretical Physics from The California Institute of Technology in 1982. The main thrust of his research is to understand the fundamental theories of elementary particle interactions. Dr. Gupta has also worked extensively on a project related to the mapping of global energy systems. He has published over 125 research papers and is a fellow of the American Physical Society. During 2007 he served as the chair of the LANL energy council, helped create a strategic plan for LANL's investment in energy R&D and advocated for energy security to be made a part of the core LANL mission.
CISAC Conference Room
How marijuana legalization will affect Mexico’s cartels, in charts
The Ninth Korea-U.S. West Coast Strategic Forum
In the ninth session of the Strategic Forum, former senior American and South Korean government officials and leading experts focused on leadership changes on and around the Korean Peninsula and the possible implications for North Korea policy, the U.S.-South Korea alliance, and Northeast Asia. They analyzed North Korean behavior under its new leader Kim Jong-un and the likelihood his regime would continue nuclear and missile development. Participants also compared and contrasted the North Korea and alliance policies of South Korea’s leading candidates in the December 19 presidential election. The session was hosted by the Sejong Institute, a top South Korean think tank, in Seoul, in association with the Korean Studies Program at the Shorenstein Asia-Pacific Research Center.
PARTICIPANTS
Republic of Korea:
Chul Hyun Kwon, Chairman of the Board, The Sejong Foundation
Dae Sung Song, President, The Sejong Institute
Sang Woo Rhee, President, New Asia Research Institite
Jae Chang Kim, Co-Chairman, Council on US-Korea Security Studies
Myung Hwan Yu, Former Minister, Foreign Affairs & Trade Ministry
Yong Ok Park, Governor, PyungAn Nam-do Province (North Korea territory)
Se Hee Yoo, Chairman, Daily NK; Hanyang University
Ho Sup Kim, Professor, Chung-ang University; Chairman, KPSA (2012)
Young Sun Ha, Chairman, East Asia Institute
Jung Hoon Lee, Professor, Yonsei University
Seong Whun Cheon, Chief, North Korea Studies Center, KINU
Chol Ho Chong, Research Fellow, The Sejong Institute
United States:
Gi-Wook Shin, Director, Shorenstein APARC, Stanford University
Michael Armacost, Distinguished Fellow, Shorenstein APARC
Bruce Bennett, Senior Research Fellow, RAND Cooperation
Karl Eikenberry, Distinguished Fellow, Shorenstein APARC
Thomas Fingar, Distinguished Fellow, Shorenstein APARC
David Kang, Director, Korean Studies Institute, University of Southern California
T.J. Pempel, Professor, Political Science Dept., University of California, Berkeley
Daniel C. Sneider, Associate Director for Research, Shorenstein APARC
David Straub, Associate Director, Korean Studies Program, Shorenstein APARC
Joyce Lee, Research Associate, Korean Studies Program, Shorenstein APARC
Seoul, Korea
Stanford Kyoto Trans-Asian Dialogue 2012 final report available
Education, fundamental to economic growth and development, has become an arena for global competition in the digital information age. As in the United States, many Asian policymakers are now pushing for higher education reform in the belief that strong, innovative higher education systems will pave the way for their countries’ future economic and political strength.
Looking comparatively at situations across Asia and in the United States, the fourth annual Stanford Kyoto Trans-Asian Dialogue considered possible solutions to the challenges of reforming higher education today.
Scholars and top-level administrators from Stanford and universities across Asia, as well as policymakers, journalists, and business professionals, met in Kyoto on September 6 and 7, 2012. In the discussion sessions following the presentations, participants raised a number of key, policy-relevant points, which are highlighted in the Dialogue’s final report. These include:
All countries face the challenge of preparing students to find meaningful employment, yet there is a lack of clarity in educational goals. Several participants felt the political expediency of government funding aiming for world university rankings must be balanced with the less politically attractive but potentially more critical vocational needs of economic development.
University administrators and government policymakers need to define their goals for “globalization” or “internationalization” as they launch new initiatives and policies. Participants noted that, while few are opposed to the principle of internationalization, without a sense of concrete and realistic goals, the cost-benefit of various measures may not make sense.
Online education promises great potential innovation in education, but it is still at a very early stage. While potentially valuable in enhancing traditional learning and research, serious challenges remain. There was a sense that far more needs to be done than simply taking existing forms of education and putting them online in order to truly harness the potential offered by online education.
The Stanford Kyoto Trans-Asian Dialogue series is made possible through the generosity of the City of Kyoto, the Freeman Spogli Institute for International Studies at Stanford University, and Yumi and Yasunori Kaneko. The final report from the 2012 Dialogue, and previous years, is available for download from the Shorenstein APARC website.