This paper examines how diversely organized capitalist societies evolve by analyzing the transformation of Japan’s financial system since the 1990s. The banking, securities and insurance, as well as the postal financial institutions changed significantly, but are hardly converging to Anglo-American or ‘liberal market’ models. The authors contend that Japan’s new financial system is best characterized as syncretic, with new, traditional and hybrid forms of practices, organizations and norms coexisting. Syncretism in industry was driven by a distinctive pattern of interest group politics we call syncretization. Strong political leadership, facing serious electoral threats, shifted the policy logic from gradual incremental reforms following traditional interest group dynamics, to rapid reforms that excluded the traditionally powerful interest groups most affected by these reforms. We support the notion that diverse industry outcomes can be complementary to broader political economic reforms that take Japan away from its traditional model, part of a broader ‘convergence towards diversity.’

The policy brief examines two obstacles to effective security sector reform in an unstable and fragile state and outlines steps to address them. The brief begins by introducing the concept and purposes of security sector reform and the poor track record of efforts to conduct security sector reform in post-conflict and conflict environments. This leads to an examination of two crucial challenges to security sector reform in unstable, fragile state environments such as Afghanistan and Iraq: the gap between the progress of civilian and military institutions in the fragile state, and the politicization of the military. It concludes by outlining
measures to address both challenges in order to advance a more effective approach to security sector reform in an unstable, fragile state.

The Ninth Korea-U.S. West Coast Strategic Forum was held at the Lotte Hotel in Seoul on November 13, 2012, hosted by the Sejong Institute. The Ninth Forum’s three sessions focused on the implications of major leadership changes in the United States, South and North Korea, and China. Established in 2006 by Stanford University’s Shorenstein Asia-Pacific Research Center (Shorenstein APARC) and now convening semi-annually alternating between Stanford and Seoul, the Forum brings together distinguished South Korean (Republic of Korea, or ROK) and American scholars, experts, and former military and civilian officials to discuss North Korea, the U.S.-ROK alliance, and regional dynamics in Northeast Asia. Operating as a closed workshop under the Chatham House Rule of individual confidentiality, the Forum allows participants to engage in candid, in-depth discussion of current issues of vital national interest to both countries.

The eighth session of the Korea-U.S. West Coast Strategic Forum was held at Stanford University on June 1, 2012. Established in 2006 and now convening semiannually alternately in Stanford and Seoul, the Forum brings together a distinguished group of South Korean (Republic of Korea, or ROK) and American scholars, experts, and former military and
government officials to discuss North Korea, the U.S.-ROK alliance, and regional dynamics in Northeast Asia. Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center is co-organizer of the Forum in association with its partner, the Sejong Institute of Korea. The Forum operates as a closed workshop under the Chatham House Rule of individual confidentiality, allowing participants to engage in frank, in-depth discussion of current and emerging issues of importance and interest to both countries.

The Sejong Institute of Korea hosted the seventh session of the Korea-U.S. West Coast Strategic Forum at the Lotte Hotel in Seoul on December 13, 2011. Established in 2006 by Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC), the Forum brings together distinguished South Korean (Republic of Korea, or ROK) and American scholars, experts, and former military and civilian officials to discuss North Korea, the U.S.-ROK alliance, and regional dynamics in Northeast Asia.

Since the third session, the Sejong Institute has been Shorenstein APARC’s Korean counterpart in organizing and hosting the Forum. Meetings are held semi-annually, alternating between Stanford University and Seoul. Operating as a closed workshop under the Chatham House Rule of individual confidentiality, the Forum allows participants to engage in candid, in-depth discussion of current issues of vital national interest to both countries.

This book explores why different patterns of economic development and growth have been observed across different regions and over time. Drawing on the contributions of outstanding scholars in comparative and historical institutional analysis, this volume presents the roles of political institutions, social organizations and norms, culture, and policy in economic development and societal evolution. The contributors include, besides the editors, G. Austin, A. Greif, D. Ma, T. Khanna, J.L. Rosenthal, C.H. Shiue, J. Svenjinar, P. Temmin, R.B. Wong, and others. The volume provides a valuable resource for general readers, academics, and policymakers with an interest in the future of the evolving world economy.

This volume explores how complex economic transactions can be treated in economics, as well as how societies bring order to complex economic and social transactions through various institutional devices. Bringing together eminent scholars from the fields of game theory, complexity, econometrics and law, it explores theoretically and empirically how markets, social norms, and corporate organization and governance evolve, and how these institutions affect economic behavior. The contributors include, besides the editors, S. Cincotti, M. Gallegatti, M. Kandori, K. Pistor, B. Skyrms, R. Sugden, and others.