FSI researchers consider international development from a variety of angles. They analyze ideas such as how public action and good governance are cornerstones of economic prosperity in Mexico and how investments in high school education will improve China’s economy.
They are looking at novel technological interventions to improve rural livelihoods, like the development implications of solar power-generated crop growing in Northern Benin.
FSI academics also assess which political processes yield better access to public services, particularly in developing countries. With a focus on health care, researchers have studied the political incentives to embrace UNICEF’s child survival efforts and how a well-run anti-alcohol policy in Russia affected mortality rates.
FSI’s work on international development also includes training the next generation of leaders through pre- and post-doctoral fellowships as well as the Draper Hills Summer Fellows Program.
Trends and Prospects in Taiwan's Party Politics: Implications of the Recent Special Municipality Elections
Taiwan’s special municipality elections have been viewed by many as the “mid-term” for the Ma Ying-jeou presidency, bearing important political significance for the 2012 presidential election. In this special seminar, Professor Yun-han Chu, one of the leading political scientists in Taiwan and also President of the Chiang Ching-kuo Foundation, will analyze the recent special municipality elections and their implications for Taiwan’s future political trends. Professor Chu will provide firsthand information about these recent election campaigns and what they reveal about the state of democracy in Taiwan. In analyzing the election results, he will also shed light on how the race for the presidency in 2012 is shaping up.
Yun-han Chu is Distinguished Research Fellow of the Institute of Political Science at Academia Sinica and Professor of Political Science at National Taiwan University. He serves concurrently as president of the Chiang Ching-kuo Foundation for International Scholarly Exchange. Professor Chu received his Ph.D. in political science from the University of Minnesota and joined the faculty of National Taiwan University in 1987. He specializes in politics of Greater China, East Asian political economy and democratization. He is a three-time recipient of the Outstanding Research Award from Taiwan’s National Science Council. He currently serves on the editorial board of International Studies Quarterly, Pacific Affairs, China Review, Journal of Contemporary China, Journal of East Asian Studies and Journal of Democracy. He is the author, co-author, editor or co-editor of eleven books. Among his recent English publications are Crafting Democracy in Taiwan (Institute for National Policy Research, 1992), Consolidating Third-Wave Democracies (Johns Hopkins University Press, 1997), China Under Jiang Zemin (Lynne Reinner, 2000), and The New Chinese Leadership (Cambridge University Press, 2004). His works have also appeared in some leading journals including World Politics, International Organization, China Quarterly, Journal of Democracy, and Asian Survey.
Philippines Conference Room
Paying the price of China's bank reforms
While Shanghai and Hong Kong are often viewed as the financial centers of China, Beijing, the capital, is in reality where all financial decisions are made-decisions that affect the country's banking system and overall financial structure, which has implications on a global level. Carl Walter, a managing director of JPMorgan China, spoke at a Stanford China Program seminar on November 1 about the frequent changes in China's banking system since 1949 and the cost of these reforms within and outside of China.
China's banking system is currently controlled by the Ministry of Finance
(MOF), which has competed at several points with the People's Bank of China
(PBOC) for influence within the state bureacracy. During the Cultural
Revolution period, MOF first moved to the fore of China's banking system,
merging together the until-then separate PBOC and Bank of China (BOC) and
eliminating all other banks. With China's "Open Door" economic reforms of 1978,
the banks were again separated, with PBOC having oversight for three commercial
banks and MOF for two, including BOC. In 1994, authority for all commercial
banks, such as BOC and the Agricultural Bank of China (ABC), moved to PBOC and
MOF took control of three newly established policy banks, such as China
Development Bank and the Agricultural Development Bank. Premier Zhu Rongji
drove these and all other banking reforms until 2003.
Major bank restructuring has taken place since 1998, the big four banks were
re-capitalized, problem loans spun off into four "bad" banks and the
international accounting system adopted in preparation for international share
offering on both domestic and international markets. All four banks
successfully raised capital internationally and domestically over the past five
years. Two large sovereign wealth fund-like entities came into being-Huijin,
controlled by PBOC, and China Investment Corporation (CIC), operated under MOF-
that were used to hold the Chinese state ownership of these banks. The year that it was established in
2007, CIC acquired Huijin and MOF thereby indirectly gained control of all of
the banks under PBOC.
The greatly increased level of bank capital achieved through restructuring and recapitalization was eroded, however, due to the enormous growth of loans in 2009 so that China now is faced with raising virtually the same amount of capital again, stated Walter. Everyone is paying the price, including international and domestic equity investors, who are being diluted, and China's own government, which to avoid dilution, must buy new shares at high market prices. The values of these shares, moreover, may be inflated due to the techniques used earlier to remove bad loans from their balance sheets. This has left banks exposed to these now worthless portfolios. To that extent, international accounting firms and market regulators put their reputations on the line when they support capital raising by the banks internationally. In short, the politics and economics of China's bank reforms and the struggles to control the banks have been internationalized.
Walter suggested that China is trapped with a banking system that is suited to the country's political system, but not to its economy. His forthcoming book, Red Capitalism: The Fragile Financial Foundations of China's Extraordinary Rise, co-authored with Fraser J.T. Howie, examines this issue and the recent history of China's financial system in depth.
Minds for Sale
Jonathan Zittrain is a Professor of Law at Harvard Law School, is a co-founder of the Berkman Center for Internet & Society and served as its first executive director from 1997-2000.
Zittrain's research includes digital property, privacy, and speech, and the role played by private "middlepeople" in Internet architecture. He has a strong interest in creative, useful, and unobtrusive ways to deploy technology in the classroom. He has wriiten a book The Future of the Internet- And How to Stop It.
Education: Harvard Law School, J.D.; Harvard University John F. Kennedy School of Government, M.P.A.; Yale University, B.S. Cognitive Science and Artificial Intelligence
Wallenberg Theater
Designing Technology to Combat Corruption
The right to information is the most promising tool to combat corruption in the world today, inspired by which more than 80 countries now have right to information laws and 50 more are considering proposals. Based on his experience with India's right to information movement, Vivek will discuss ways in which ICT tools could be designed in ways that could strengthen people's movements to combat corruption.
Vivek Srinivasan recently graduated from Maxwell School of Syracuse University. His work seeks to understand why there is a high political commitment to delivering public services in Tamil Nadu, a southern Indian state. Prior to this, he worked with the Right to Food Campaign and with the National Alliance for the Fundamental Right to Education in India. He has recently started a project with Intel create online tools to monitor the implementation of India's new right to education law.
He will be starting the position of Program Manager for the Program on Liberation Technology at Stanford University in late January 2011.
Wallenberg Theater
A Tale of Two Blogospheres
Abstract
Drawing on data from summer 2008, I will compare top U.S. political blogs on the left and right. The comparison shows significant cross-ideological variations. Sites on the left adopt different, and more participatory technical platforms; comprise significantly fewer sole-authored sites; include user blogs; maintain more fluid boundaries between secondary and primary content; include longer narrative and discussion posts; and (among the top half of the blogs in our sample) more often use blogs as platforms for mobilization. The news producer/consumer relationship is more attenuated on the left wing of the political blogosphere than the right. The practices of the left are more consistent with the prediction that the networked public sphere offers new pathways for discursive participation by a wider array of individuals; meanwhile, the practices of the right suggest that a small group of elites may retain more exclusive agenda-setting authority online. The cross-ideological divergence indicates that the Internet can equally be adopted to undermine or to replicate the traditional distinction between the production and consumption of political information. Moreover, the findings imply that the prevailing techniques of domain-based link analysis used to study the political blogosphere are misleading. These findings have significant implications for the study of prosumption and for the mechanisms by which the networked public sphere may or may not alter democratic participation relative to the mass mediated public sphere.
Yochai Benkler is the Berkman Professor of Entrepreneurial Legal Studies at Harvard, and faculty co-director of the Berkman Center for Internet and Society. Before joining the faculty at Harvard Law School, he was Joseph M. Field '55 Professor of Law at Yale. He writes about the Internet and the emergence of networked economy and society, as well as the organization of infrastructure, such as wireless communications. In the 1990s he played a role in characterizing the centrality of information commons to innovation, information production, and freedom in both its autonomy and democracy senses. In the 2000s, he worked more on the sources and economic and political significance of radically decentralized individual action and collaboration in the production of information, knowledge and culture. His work traverses a wide range of disciplines and sectors, and is taught in a variety of professional schools and academic departments. In real world applications, his work has been widely discussed in both the business sector and civil society.
Wallenberg Theater
FSE's Lori McVay to recieve Marsh O'Neill Award for outstanding contributions to Stanford's research mission
This year, two staff members - one in the Freeman Spogli Institute for International Studies and another in the School of Medicine - will receive Marsh O'Neill Awards.
Now in its 20th year, the award honors staff members who have made outstanding contributions to Stanford's research mission.
This year's honorees are Lori McVay, associate director for finance and administration at the Program on Food Security and the Environment, a joint program of the Freeman Spogli Institute for International Studies and the Woods Institute for the Environment; and Kathleen Thompson, director of the Research Management Group in the School of Medicine.
The dean of research established the Marsh O'Neill Award in 1990. It was named for its first recipient, Marshall D. O'Neill, who retired that same year after nearly four decades as associate director of the W. W. Hansen Experimental Physics Laboratory. A faculty panel chooses the award winner.
McVay and Thompson will be the 30th and 31st staff members to receive the award.
The award presentation - which includes a check for $5,000 for each winner - will take place at 4 p.m. Monday at the Faculty Club. Anyone who knows either of the winners and would like to congratulate them is welcome to attend.
Korea Focus, English-language journal by the Korea Foundation
