International Development

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.

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"Scholars and pundits in the West have become increasingly alarmed that China’s planned Belt and Road Initiative (B&R) could further shift the global strategic landscape in Beijing’s favor, with infrastructure lending as its primary lever for global influence. The planned network of an infrastructure project—financed by China’s bilateral lenders, the China Development Bank (CDB) and the Export-Import Bank of China (CEXIM), along with the newly formed and multilateral Asian Infrastructure Investment Bank—is historically unprecedented in scope. But the B&R is only the natural progression of a global sea change in developing economy infrastructure finance that has already been underway for more than two decades." Read the whole article by Bushra BatainehMichael Bennon, and Francis Fukuyama here

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Online Event
 

Interested in learning more about the Ford Dorsey Master's Program in International Policy at Stanford University? Then please join us for an informational webinar on May 23, 2018 at 9:30am PST. We will be going over program specifics and answering any questions.

RSVP on Eventbrite - https://www.eventbrite.com/e/ford-dorsey-masters-program-in-internation…

Contact Email: 

 

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On May 4, 2018, Asian Infrastructure Investment Bank (AIIB) President Jin Liqun delivered a talk titled “The AIIB After Two Years” to a Stanford audience of faculty, students, and community members. The event was sponsored by the China Program at the Shorenstein Asia-Pacific Research Center.

President Jin addressed the challenges of establishing the AIIB and shed light on the organization’s future goals. Following prepared remarks, President Jin conversed with moderator Thomas Fingar, before opening the floor to questions from the audience.

A recording of the event is now available online .

Read a full account of the event in The Stanford Daily News.

Read a transcript of President Jin's speech is available below.

 

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AIIB President Jin Liqun
AIIB Presdent Jin Liqun addresses audience
Rod Searcy
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Interested in pursuing a Master’s degree in International Policy? Come check out our newly redesigned Ford Dorsey Master’s in International Policy (MIP) at FSI!

 

MIP is a two-year Master of Arts program that emphasizes the application of advanced analytical and quantitative methods to decision-making in international affairs. It is also offered as a coterminal degree here at Stanford. If you are interested in hearing more, please join us for our upcoming MIP Coterm Info Session:

 

What: MIP Coterm Info Session

Date: May 22, 2018

Time: 12:30 -1:15pm

Location: International Policy Studies Kitchen, Ground Floor, Encina Hall Central (616 Serra St.)

 

Please see more details about the program, as well as application information, on our website: http://ips.stanford.edu/.

 

International Policy Studies Kitchen, Ground Floor, Encina Hall Central (616 Serra St.)

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As a senior policy advisor on the Middle East at the Pentagon and the White House, Colin Kahl has witnessed struggles in the region first-hand. From working to shape the U.S.-led campaign against the Islamic State and the long-term partnership with Iraq to limiting Iran’s nuclear activities to helping craft the U.S. response to the Arab Spring, Kahl knows better than most how important it is to understand this rapidly changing region.

Now that he has joined the Freeman Spogli Institute for International Studies (FSI) as its inaugural Steven C. Házy Senior Fellow, Kahl wants to improve understanding of how developments in the Middle East impact people in the region and security around the globe.

The launch of FSI’s Middle East Initiative provides a first step toward this objective. As the initiative’s first director, Kahl plans to create “connective tissue” for efforts already underway across Stanford.

“There are a number of disparate efforts around campus working on Middle East issues,” said Kahl. “There is a lot of terrific research and engagement going on. My hope is that the Middle East Initiative will serve as a focal point to expose the Stanford community to ongoing work and foster new conversations that are not happening now.”

Many of the Middle East activities already occurring on campus happen at FSI, making it a natural home for the initiative.

“Our scholars are already studying the dynamics of authoritarian regimes in the Middle East, prospects for reform and democracy in the Arab world, ways to counter terrorist activities and promoting economic development,” said FSI Director Michael McFaul. “Stanford students want to dive more deeply into the region’s political, social, economic and technological development. We want to give them that opportunity.”

In the 2018-2019 academic year, FSI’s Ford Dorsey Master's in International Policy plans to begin filling this need by adding a three-course sequence on the Middle East.

Kahl also plans to bring more Middle East scholars from outside Stanford to share their ideas and research.

“I look forward to helping Stanford students and scholars connect and collaborate in ways that enrich our understanding of this vital region,” said Kahl. “Stanford has much to contribute to some of the most pressing policy challenges we face.”

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Japan is known to have an exceptionally low level of inward foreign direct investment (FDI). The promotion of inward FDI is one of the policy goals of Abenomics structural reforms. This present paper studies the accumulation of Japan's inward FDI stock during the first 3 years of Abenomics (2012–2015), and finds no evidence that Japan's inward FDI stock increased more than the trend before Abenomics started would have predicted. A comparison of the main policies for promoting inward FDI that have been implemented to the real and perceived impediments to inward FDI reveals that it may be advisable to shift the emphasis of the policy to address more regulatory and administrative issues and to reduce the cost of doing business in Japan.

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Asian Economic Policy Review
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Takeo Hoshi
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Using a unique dataset on all major corporate restructuring events in Japan between 1981 and 2010, we assess changes in the role of the main bank in guiding corporate turarounds, and the economic consequences of these changes for distressed firms. We identify firms in distress among all listed firms based on accounting data, and we separately identify firms undergoing corporate restructuring based on a newspaper search for the Japanese term “saiken”. Even though the ratio of distressed firms has not declined, the incidence of saiken restructuring by such firms has become less frequent after the 1990s, indicating a decline in the governance and rescue role of the main bank. When firms undergo saiken, they adopt real adjustments in terms of labor, assets and finance. While the intensity of these adjustments has also declined over time, saiken firms make more significant adjustments than distressed firms that do not undergo restructuring. The role of saiken was an important part of corporate renewal in Japan, and it has declined. In line with existing research, these findings underscore changes in Japanese corporate governance, in particular regarding the decline of the monitoring and restructuring function of the main bank.

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Journal of the Japanese and International Economies
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Takeo Hoshi
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47
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Wednesday, April 18, 2018

1:30 – 2:30pm

Encina Hall, Philippines Room

FSI and the Ford Dorsey IPS program will be hosting Mercy Corps as they visit campus to speak about their Global Internship Program.

The Mercy Corps Global Internship Program offers exploration into future careers in international relief and development while supporting our beneficiaries in their local communities in 25 countries around the world. Their internships revolve around a particularly demanding mission - to help people on the ground turn the crises they confront into the opportunities they deserve. Driven by local needs, our programs provide communities in the world’s most challenging places with the tools and support they need to transform their lives.

Mercy Corps is an international relief and development organization working in over 40 countries worldwide helping people build secure, productive and just communities. From poverty and malnutrition to natural disasters and global warming, Mercy Corps sees an opportunity to create transformative change. In crisis, we believe in the power of human potential. Mercy Corps connects people to the resources they need to build better, stronger lives.

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The event is jointly sponsored by the Japan Program at the Shorenstein Asia-Pacific Research Center and the Japan Foundation Center for Global Partnership.

 

Japan is one of the world’s most prominent military space powers around. With the inescapable ambiguity of dual-use, Japan has acquired its impressive capabilities in full view of a pacifist public and under constitutional constraints. At this stage, as the country races to keep abreast of the latest space technology trends, its national security trajectories are openly and officially sanctioned in both law and policy. These realities are not well understood by Japan’s allies or rivals, which limits our appreciation about where Japan is headed in its own national interest in the region, the world, and beyond.  

 

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Saadia M. Pekkanen works on outer space security, law, and policy. Her regional expertise is in the international relations of Japan/Asia. She earned Master’s degrees from Columbia University and Yale Law School, and a doctorate from Harvard University in political science. She holds the Job and Gertrud Tamaki Professorship at the University of Washington (UW). She has published a half-dozen books on space technology and geopolitics, and is working now on The Age of Newspace. She serves as Co-Chair of the U.S. Japan Space Forum, directs both the Space Security Initiative (SSI) and the project on Emerging Frontiers in Space at UW, and is the founding co-director of the Space Policy and Research Center (SPARC) at UW. She is passionate about contributing to the educational ecosystem for fostering the space sector through bridge-the-gap activities, and is a member of the Washington State Space Coalition (WSSC). She is also a contributor for Forbes on the space industry (https://www.forbes.com/sites/saadiampekkanen/#5897783f7d3f).

Saadia Pekkanen, Professor, University of Washington
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The event is jointly sponsored by the Japan Program at the Shorenstein Asia-Pacific Research Center and the Japan Foundation Center for Global Partnership.
 
 
Since Frey and Osborne showed that 47% of US job would be substituted by AI, the penetration of AI into labor markets has been discussed in every country. In Japan, Benjamin David estimates 55% of jobs will vanish by the introduction of AI. However, these estimates are based only on the technological upper bound. We have to condifer of the economic mechanism behind it, especially the specificity of Japanese labor markets. In this seminar, I will summrize the characteristics of Japanese labor markets from the view point of task distribution, which reflects the technological aspect of them. Then, comparing with US data, I will discuss the role of economic institutions/circumstances and the future direction.
 
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Ryo Kambayashi is a Professor at Institute of Economic Research, Hitotsubashi University in Japan.  His field of research include labor economics, Japanese economy, economic history, and law and economics.  Based on the methodology of standard labor economics, Kambayashi's research interest is centered on the empirical investigations on the economic mechanism of current Japanese labor markets. Through several papers on wage and employment, he has found that the current transition of Japanese labor markets since 1990s has two aspects; that is, the changing part where so called non-standard workers have rapidly increased and the unchanged part where so called Japanese Employment System remains firmly. This disparity in labor markets does not come from the legal assignment surrounding the labor markets but from a spontaneous evolution, just because the Japanese Labor Law has strongly respected the mutual agreement between workers and employer which can officially create exemptions from legal regulations. Then, I am expanding my research agenda into the associations of labor markets with other parts of Japanese economy, such as trade, productivity, self-employment, to understand the whole of Japanese society. I am also gradually expanding the research into historical developments of institutions to find the evidence of spontaneous evolution of labor market institutions, e.g. the network of public employment agency was constructed by absorbing those of private agencies.  Kambayashi holds a PhD, an MA, and a BA in economics, all from University of Tokyo. 
Ryo Kambayashi, Professor, Institute of Economic Research, Hitotsubashi University
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