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This volume collects 22 articles by Masahiko Aoki, selected from writings published over the course of his 45-year academic career. These fascinating essays cover a range of issues, including mechanism design, comparative governance, corporate governance, institutions and institutional change, but are tied together by a focus on East Asia and a comparative institutional framework.

Specific topics include the early stages of mechanism design theory, comparative analysis of vertical, horizontal and modular industrial coordination and its applications, cooperative game-theoretic approaches to the diversity of corporate government structure, the endogenous nature of institutions, and comparative and historical analysis of institutions in Japan, China and Korea.

Students, professors and scholars with an interest in comparative institutional studies and East Asian studies will find this book a useful and illuminating resource.

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Books
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Edward Elgar Pub
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Masahiko Aoki
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978 1 78254 839 3
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This paper contributes to the discussion of how Public Private Interplay (PPI) can be used to foster Next Generation Access (NGA) buildouts in Europe by introducing the experience of Japan. Japan, which succeeded in both promoting nationwide network buildouts and fostering competitive dynamics that led to the world's fastest and cheapest broadband services and deploying them nationwide. The process entailed deregulation, which unleashed new entrepreneurial private actors, and re-regulation that protected them from incumbent carriers. The resulting market dynamics lowered Digital Subscriber Line (DSL) prices, influencing the market price for Fiber-To-The-Home (FTTH), for which the government had heavily subsidized carriers. Central government initiatives, combined with local incentives, led to an almost 100% broadband accessibility within a few years. However, Japan quickly discovered that taking advantage of the broadband environment to produce innovation, productivity growth, and economic dynamism, was far more difficult than facilitating its creation. It discovered regulatory barriers for the use of Information and Communications Technology (ICT) in various areas of the economy. Like Europe, Japan was not home to the ICT lead-user enterprises and industries that drove the ICT revolution, producing innovation and productivity gains. Moreover, the advent of US-centered cloud computing services potentially decreases the minimum bandwidth requirement to access global-scale computing power. The development of wireless technologies far cheaper than Japan's nationwide FTTH also merits serious consideration for European policy discussions.

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Communications & Strategies
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Kenji E. Kushida
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The levels of violence in Mexico have dramatically increased in the last few years due to structural changes in the drug trafficking business. The increase in the number of drug trafficking organizations (DTOs) fighting over the control of territory and trafficking routes has resulted in a substantial increase in the rates of homicides and other crimes. This study evaluates the economic costs of drug-related violence. We propose electricity consumption as an indicator of the level of municipal economic activity and use two different empirical strategies to test this. To estimate the marginal effects of violence, we utilize an instrumental variable regression created by Mejía and Castillo (2012) based on historical seizures of cocaine in Columbia interacted with the distance of the Mexican border towns to the United States. We find that marginal increases of violence have negative effects on labor participation and the proportion of unemployed in an area. The marginal effect of the increase in homicides is substantive for earned income and the proportion of business owners, but not for energy consumption. We also employ the methodology of synthetic controls to evaluate the effect that inter-narco wars have on local economies. These wars in general begin with a wave of executions between rival criminal organizations and are accompanied by the deterioration of order and a significant increase in extortion, kidnappings, robberies, murders, and threats affecting the general population. To evaluate the effect that these wars between different drug trafficking organizations have on economic performance, we define the beginning of a conflict as the moment when we observe an increase from historical violence rates at the municipal level beyond a certain threshold, and construct counterfactual scenarios as a weighted average from optimal control units. The analysis indicates that the drug wars in those municipalities that saw dramatic increases in violence between 2006 and 2010 significantly reduced their energy consumption in the years after the change occurred.

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Beatriz Magaloni
Gabriela Calderón
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The Year of the Horse will run (so to speak) from 31 January 2014 to 18 February 2015.  Many domestic, regional, and global issues will occupy the attention of Southeast Asian leaders and societies and their counterparts in the US, China, and Japan among other countries.  In conversation with SEAF director Don Emmerson, Ernie Bower will highlight the most important of these policy issues and their implications.  Possible topics may include the repercussions of Chinese muscle-flexing over the East and South China Sea, political strife in Thailand, quinquennial elections in Indonesia, and Myanmar's leadership of ASEAN including the plan to declare an ASEAN Community in 2015. 
 
Ernest Z. Bower is one of America's leading experts on Southeast Asia, founding president and CEO of the business advisory firm BowerGroupAsia, a former president of the US-ASEAN Business Council, and a policy adviser to many private- and public-sector organizations in the US interested in Southeast Asia.  
 

Daniel and Nancy Okimoto Conference Room

Ernest Z. Bower Senior Adviser and Sumitro Chair for Southeast Asian Studies Speaker Center for Strategic and International Studies, Washington, DC
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Abstract:

Subnational conflict is the most widespread, enduring, and deadly form of conflict in Asia. Over the past 20 years (1992-2012), there have been 26 subnational conflicts in South and Southeast Asia, affecting half of the countries in this region. Concerned about foreign interference, national governments limit external access to conflict areas by journalists, diplomats, and personnel from international development agencies and non-governmental organizations. As a result, many subnational conflict areas are poorly understood by outsiders and easily overshadowed by larger geopolitical issues, bilateral relations, and national development challenges. The interactions between conflict, politics, and aid in subnational conflict areas are a critical blind spot for aid programs. This study was conducted to help improve how development agencies address subnational conflicts.

 

Speaker Bios:

Ben Oppenheim is a Fellow (non-resident) at the Center on International Cooperation at New York University. His research spans a diverse set of topics, including fragile states, transnational threats (including pandemic disease risks and terrorism), and the strategic coherence and effectiveness of international assistance in fragile and conflict-affected areas.

Oppenheim has consulted for organizations including the World Bank, the United Nations, the Asia Foundation, the Institute for the Future, and the Fritz Institute, on issues including organizational learning, strategy, program design, foresight, and facilitation. In 2009, he served as Advisor to the first global congress on disarmament, demobilization, and reintegration, supported by the World Bank and the UN.

In 2013, Oppenheim was a visiting fellow at the Uppsala University Forum on Democracy, Peace, and Justice. His research has been supported by a Simpson Fellowship, and a fellowship with the Institute on Global Conflict and Cooperation. He was also a research fellow with UC Berkeley's Institute of International Studies, affiliated with the New Era Foreign Policy Project.

 

Nils Gilman is the Executive Director of Social Science Matrix. He holds a B.A., M.A. and Ph.D. in History from the University of California, Berkeley. Gilman’s first scholarly interest was in American and European intellectual history, with a particular focus on the institutional development of the social sciences, the lateral transfer and translation of ideas across disciplinary boundaries, and the impact of social scientific ideas on politics and policy.

Gilman is the author of Mandarins of the Future: Modernization Theory in Cold War America (Johns Hopkins University Press, 2004), the co-editor of Staging Growth: Modernization, Development, and the Global Cold War (University of Massachusetts Press, 2003) and Deviant Globalization: Black Market Economy in the 21st Century (Continuum Press, 2011), as well as the founding Co-editor of Humanity: An International Journal of Human Rights, Humanitarianism, and Development. He also blogs and tweets.

Prior to joining Social Science Matrix in September 2013, Gilman was research director at Monitor 360, a San Francisco consultancy that addresses complex, cross-disciplinary global strategic challenges for governments, multinational businesses, and NGOs. He has also worked at a variety of enterprise software companies, including Salesforce.com, BEA Systems, and Plumtree Software. Gilman has taught and lectured at a wide variety of venues, from the Harvard University, Columbia University, and National Defense University, to PopTech, the European Futurists Conference, and the Long Now Foundation.

 

Bruce Jones is a senior fellow and the director of the Project on International Order and Strategy in the Foreign Policy program at the Brookings Institution. He is also the director of the Center on International Cooperation at New York University.

Jones served as the senior external advisor for the World Bank’s 2011 World Development Report, Conflict, Security and Development, and in March 2010 was appointed by the United Nations secretary-general as a member of the senior advisory group to guide the Review of International Civilian Capacities. He is also consulting professor at the Center for International Security and Cooperation at Stanford University and professor (by courtesy) at New York University’s department of politics.

Jones holds a Ph.D. from the London School of Economics, and was Hamburg fellow in conflict prevention at Stanford University.

He is co-author with Carlos Pascual and Stephen Stedman of Power and Responsibility: Building International Order in an Era of Transnational Threats (Brookings Press, 2009); co-editor with Shepard Forman and Richard Gowan of Cooperating for Peace and Security (Cambridge University Press, 2009); and author of Peacemaking in Rwanda: The Dynamics of Failures(Lynne Reinner, 2001).

Jones served as senior advisor in the office of the secretary-general during the U.N. reform effort leading up to the World Summit 2005, and in the same period was acting secretary of the Secretary-General’s Policy Committee. In 2004-2005, he was deputy research director of the High-level Panel on Threats, Challenges and Change. From 2000-2002 he was special assistant to and acting chief of staff at the office of the U.N. special coordinator for the Middle East peace process. 

Richard and Rhoda Goldman Conference Room

Ben Oppenheim Ph.D. Candidate in Political Science Speaker UC Berkeley
Nils Gilman Founding Executive Director, Social Science Matrix Speaker UC Berkeley
Bruce Jones Senior Fellow Speaker Brookings Institution
Seminars
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Zainab Hawa Bangura of Sierra Leone is Special Representative on Sexual Violence in Conflict at the level of Under-Secretary-General at the United Nations.

Prior to this appointment, Ms. Bangura was the Minister of Health and Sanitation for the Government of Sierra Leone, and brings to the position over 20 years of policy, diplomatic and practical experience in the field of governance, conflict resolution and reconciliation in Africa. She was previously the second female Minister of Foreign Affairs and International Cooperation, including Chief Adviser and Spokesperson of the President on bilateral and international issues. Ms. Bangura has been instrumental in developing national programmes on affordable health, advocating for the elimination of genital mutilation, managing the country’s Peace Building Commission and contributing to the multilateral and bilateral relations with the international community. She is experienced in meeting with interlocutors in diverse situations, including rebel groups, and familiar in dealing with State and non-State actors relevant to issues of sexual violence while fighting corruption and impunity.

Ms. Bangura has on-the-ground experience with peacekeeping operations from within the United Nations Mission in Liberia (UNMIL), where she was responsible for the management of the largest civilian component of the Mission, including promoting capacity-building of government institutions and community reconciliation. She is an experienced results-driven civil society, human and women’s rights campaigner and democracy activist, notably as Executive Director of the National Accountability Groups, Chair and Co-founder of the Movement for Progress Party of Sierra Leone, as well as Coordinator and Co-founder of the Campaign for Good Governance.

Ms. Bangura is a former fellow of the Chartered Insurance Institute of London, possessing Diplomas in Insurance Management from the City University Business School of London and Nottingham University. She received her Bachelor of Arts from the Fourah Bay College, University of Sierra Leone.

Building 200 (History Corner)
Room 205
Stanford University

Zainab Bangura United Nations Special Representative on Sexual Violence in Conflict Speaker
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Korea is one of the leading countries in technology-driven global markets for semiconductors, HDTVs, and mobile phones; and in shipbuilding industry, but Korea has already faced challenges in its global markets.

Dr. Dongwook Lee, 2013 Visiting Scholar in Korean Studies, will discuss Korea's industrial convergence policies that would help Park administration achieve its national agenda, a creative economy.

Dr. Lee is Director General at the Ministry of Trade, Industry and Energy in Korea, and has served as a government official for the past twenty-two years. He led and took part in developing industrial convergence policies and laws. Dr. Lee holds a BA in business administration from Yonsei University, an MA in public administration from Seoul National University, and a PhD in economics from Konkuk University, in Korea. 

Philippines Conference Room

Dongwook Lee 2013 Visiting Scholar, Shorenstein APARC Speaker
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Historically, in Japan, out-of-court corporate restructurings have played a significant role in disciplining managers in the near-absence of hostile takeover activity and shareholder activism. This paper analyzes management turnover in a large sample of Japanese firms that underwent restructurings between 1981 and 2010. I find that restructurings that happen in later stages of financial distress, and those that are not initiated by the firm itself, are more likely to involve management turnover, as are restructurings in which the firm's main business operations are left intact. Furthermore, in restructurings after the reforms around the year 2000, management turnover is more likely to occur if the local potential managerial labor market is substantial. After controlling for firm characteristics and the firm's initial financial condition, it does not appear that management turnover is associated with an improvement in post-restructuring operating performance--in fact, the effect is significantly negative by estimates that address the non-random nature of management turnover. However, for restructurings led by equity funds, management turnover is associated with a more successful turnaround of the firm's performance. These results suggest that equity funds possess the ability to locate and recruit talented outside managers in a thin market for experienced managers.

 

Michael Furchtgott is an economist interested in corporate finance and governance. His current research investigates Japanese corporate restructurings and the behavior of firms and lenders when financial distress arises.

Furchtgott has completed his PhD in economics at the University of California, San Diego, where his research on corporate financial restatements has demonstrated that firms frequently circumvent laws designed to protect investors.

He holds a BA in economics and mathematics from Columbia University.

Daniel and Nancy Okimoto Conference Room

Shorenstein APARC
Encina Hall C331
616 Serra Street
Stanford, CA 94304-6055

(650) 724-9747 (650) 723-6530
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Shorenstein Postdoctoral Fellow in Contemporary Asia
FURGHOTT,_Michael_3x4.jpg PhD

Michael Furchtgott is an economist interested in corporate finance and governance. His current research investigates Japanese corporate restructurings and the behavior of firms and lenders when financial distress arises.

Furchtgott has completed his PhD in economics at the University of California, San Diego, where his research on corporate financial restatements has demonstrated that firms frequently circumvent laws designed to protect investors.

He holds a BA in economics and mathematics from Columbia University.

Michael Furchtgott Postdoctoral Fellow in Contemporary Asia Speaker Shorenstein APARC
Seminars
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Abstract:

Professor Gold will make a presentation that is part of a larger book project that applies the theory of fields as elaborated by Pierre Bourdieu, Neil Fligstein and Doug McAdam to the remaking of Taiwan since the end of martial law in 1987. He argues that political democratization is only one part of the larger dispersal of all forms of power (what Bourdieu terms “capital”) away from the tight centralized control of the mainlander—dominated KMT to broader segments of Taiwan’s society. This talk will look at this process of the breakdown and reconstruction of the old order of various fields, in particular the political, economic and cultural fields, and the effect of this on the overarching field of power.

 

Speaker Bio:

Thomas B. Gold is Professor of Sociology at the University of California, Berkeley, and Executive Director of the Inter-University Program for Chinese Language Studies, whose executive office is at Berkeley and teaching program at Tsinghua University in Beijing. He received his B.A. in Chinese Studies from Oberlin College, and M.A. in Regional Studies – East Asia and PhD in Sociology from Harvard University. He taught English at Tunghai University in Taiwan. He was in the first group of U.S. government-sponsored students to study in China, spending a year at Shanghai’s Fudan University from 1979-1980. Prof Gold’s research has examined numerous topics on the societies on both sides of the Taiwan Strait. These include: youth; guanxi; urban private entrepreneurs (getihu); non-governmental organizations; popular culture; and social and political change. He is very active in civil society in the United States, currently serving on the boards of several organizations such as the Asia Society of Northern California, International Technological University, Teach for China, and the East Bay College Fund.  His books include State and Society in the Taiwan Miracle, and the co-edited volumes Social Connections in China: Institutions, Culture, and the Changing Nature ofGuanxi, The New Entrepreneurs of Europe and Asia: Patterns of Business Development in Russia, Eastern Europe and China, and Laid-Off Workers in a Workers’ State: Unemployment With Chinese Characteristics.  

Reuben W. Hills Conference Room

Thomas B. Gold Professor of Sociology Speaker UC Berkeley
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