Business

China 2.0: The Rise of a Digital Superpower (October 2010)

China 2.0 Beijing Overview Videos Now Online!

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China 2.0 Beijing Introduction	China's First Internet Connection

The Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) will host China 2.0 in Beijing on October 18-19, 2010 at the Grand Millennium Hotel in Beijing's central business district. (This event builds on the successful inaugural China 2.0 conference in Silicon Valley at Stanford University on May 24-25

China 2.0 will focus on the leaders driving China's continued ascendance as a "digital superpower" and analyze the strategies they are adopting for success.

China 2.0 is the preeminent new media forum about the dynamic PRC digital landscape that combines the right mix of strategic thinking, practical application and networking.
Fritz Demopoulos, CEO, Qunar.com

The agenda is available here. Please note this event will utilize simultaneous Chinese-English interpretation for the convenience of all participants.

China 2.0 Beijing will feature Internet & e-commerce CEOs and senior executives from China and the US, including members of Stanford's alumni network.

The conference will open with a special session reuniting the two scientists who established the first connection between China and the Internet in 1993: Xu Rongsheng, Institute of High Energy Physics in Beijing and Les Cottrell, Stanford Linear Accelerator Center (SLAC).

Keynote addresses will be given by:

James Ding, Managing Director, GSR Ventures
Bill Huang, General Manager, China Mobile Research Institute
Victor Koo, CEO, YouKu
John Liu, Vice President, Google
Shen Haoyu, Senior Vice President--Operations, Baidu
Brian Wong, Global Head of Sales, Alibaba

The China 2.0 event was bang up-to-date with content and stimulating debate from key players in the Chinese market. The organization was very professional bringing together China players and interested parties from the Bay Area.
--Graham Kill, CEO, Irdeto and CTO, Naspers

Format

China 2.0 is a highly engaging and interactive forum, featuring extensive video material, dynamic panel presentations and Q&A. We also have developed a China 2.0 application which is available now at the Apple Application store, for both iPad and iPhone/iTouch devices.

Final agenda (printable version here):

Monday, October 18, 2010
8:30 - 9:00	Registration
9:00 - 9:15	Welcome Remarks from China 2.0 Co-Chairs Short video of China 2.0 themes, with highlights from inaugural (May 2010) event at Stanford University Marguerite Gong Hancock, Associate Director, Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) Duncan Clark, Visiting Scholar, SPRIE at Stanford University/Chairman, BDA China
9:15 - 9:45	Special Feature: How the Internet Came to China—and China to the Internet Short video and reunion (via Cisco TelePresence) of the two scientists who established the first connect between China & the Internet in 1993. Les Cottrell, Stanford Linear Accelerator Center (SLAC), Stanford University Xu Rongsheng, Institute of High Energy Physics (IHEP), Beijing Moderated by Marguerite Gong Hancock, Associate Director, SPRIE
9:45 - 10:25	Keynote Speech: Victor Koo, CEO, Youku (Stanford MBA '94)
10:25 - 10:45	Break
10:45 - 12:00	Mobile 2.0: Apps & Ads Bin Shen, Vice President for Product Development-Asia, Motorola Ye Xin, CEO, CASEE Bertrand Schmitt, CEO, AppAnnie Justin Mallen, CEO, Silk Road Technologies Moderated by Duncan Clark, Visiting Scholar, SPRIE at Stanford University/Chairman, BDA China
12:00 - 12:40	Keynote Speech: James Ding, Managing Director, GSR Ventures
12:40 - 1:45	Hosted Lunch: CBD International Restaurant (lobby level of Grand Millennium Hotel)
1:45 - 2:25	Keynote Speech: Bill Huang, General Manager, China Mobile Research Institute
2:25 - 3:45	Shopping 2.0: Consumer e-Commerce in China Short Video Introduction Brandon Lin, Partner, SAIF Partners (Stanford BA '91) Chen Yu, Co-Founder, Yeepay Alan Hellawell, Managing Director, Deutsche Bank (Stanford MA '97 MBA '97) Moderated by Loretta Chao, Technology Correspondent, The Wall Street Journal Asia (Beijing)
3:45 - 4:05	Break
4:05 - 4:35	Global Media Industry Outlook: Joel Budd, Media Editor, The Economist (London)
4:35 - 5:55	Games Market Outlook Short Video Introduction Andy Tian, Head of China Studio, Zynga Andy Lee, Managing Director–Asia, Watercooler Jay Chang, CFO, Kongzhong Moderated by Bill Bishop, Start-up Investor/Advisor & Co-Founder CBS MarketWatch
5:55 - 6:00	Wrap and Day 2 Outline by China 2.0 Co-chairs, Marguerite Gong Hancock and Duncan Clark

Tuesday, October 19, 2010
8:30 - 9:00	Registration
9:00 - 9:05	Welcome Remarks by China 2.0 Co-Chairs, Marguerite Gong Hancock and Duncan Clark
9:05 - 9:45	Keynote Speech: John Liu, Vice President, Google
9:45 - 10:45	The Outlook for Trans-Pacific Entrepreneurship and Innovation—Indigenous & International? William Weinstein, Minister-Counselor for Economic Affairs, U.S. Embassy Beijing Alex Lee, VP, Collaboration and UC, Greater China Region, Cisco Systems (China) John Chiang, President & Managing Director, US Information Technology Office (USITO) Mark Baldwin, CEO, Oxus China Moderated by Duncan Clark, Visiting Scholar, SPRIE at Stanford University/Chairman, BDA China
10:45 - 11:00	Break
11:00 - 12:00	Marketing 2.0 Angel Chen, General Manager, OgilvyOne Beijing Silvia Goh, Managing Director, LiquidThread China, Starcom MediaVest Scarlett Li, CEO & Founder, Ourebo Moderated by Thomas Crampton, Asia-Pacific Director, 360 Digital Influence, Ogilvy Public Relations Worldwide
12:00 - 12:40	Keynote Speech: Brian Wong, Head of Global Sales, Alibaba
12:40 - 1:45	Hosted Lunch: CBD International Restaurant (lobby level of Grand Millennium Hotel)
1:45 - 3:00	Social Networking David Liu, Founder, Jiepang Dan Brody, former VP of Tudou, first employee of Google China Frank Yu, Chief Product Officer, Bokan; Advisor, TEDx Beijing Gady Epstein, Beijing Bureau Chief, Forbes Moderated by Jeremy Goldkorn, Founder, Danwei
3:00 - 3:40	Keynote Speech: Shen Haoyu, Senior Vice President-Operations, Baidu
3:40 - 4:00	Break
4:00 - 5:00	TV 2.0: The Future of TV & Three Network Convergence in China Caroline Pan, Director-China Strategy, Intel David Wolf, President & CEO, Wolf Group Asia Shan Phillips, VP Greater China Practice, The Nielsen Company Moderated by Jonathan Landreth, Senior China Correspondent, The Hollywood Reporter (Beijing)
5:00 -6:15	Fueling China 2.0 Hurst Lin, General Partner, Doll Capital Management, Co-Founder of Sina (Stanford MBA '93) Daniel Quon, Managing Director, SVB Global, Asia, SVB Financial Group Olivier Glauser, Managing Director, Steamboat Ventures Richard Hsu, Managing Director, Intel Capital Hans Tung, Partner, Qiming Ventures (Stanford BS '93) Moderated by Kathrin Hille, Technology Correspondent, Financial Times Beijing
6:15	Apple iPad Lucky Draw & Close by China 2.0 Co-Chairs Marguerite Gong Hancock and Duncan Clark

The first China 2.0 provided a great selection of topics and speakers who knew their specialties and made focused presentations--with very little overlap and repetition among panels, always a challenge at such conferences. Well-organized, well-moderated, with a smart audience that asked good questions.
-Gady Epstein, Beijing Bureau Chief, Forbes Magazine

Sponsors

The China 2.0 Beijing conference is made possible by its generous sponsors:

Media Participants

Official PR Partner

Photos

Photos from the May event are available on SPRIE's Flickr page.

Videos

China 2.0 achieved the balance of giving a clear overview to the China newcomers but still bringing insights to market participants about other sectors. Great conference and surely the start of a successful series.
--Olivier Glauser, Managing Director, Steamboat Ventures

Overview videos for China 2.0 are available here. If you are trying to view the videos from within China, they are accessible on BDA's website.

Videos from China 2.0 (May 2010) are now avallable at iTunes University (do a power search for "China 2.0" in the title field).

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Grand Millennium Hotel, Beijing, China

Conferences

Seize the Day, Seize the Data: Tech-Enabled Moments of Opportunity in Closed Societies

Thursday, September 30, 2010 | 4:30 PM -Thursday, September 30, 2010 | 6:00 PM

The abrupt fall of an authoritarian regime often surprises the world with apparent suddenness. Given the right moment of opportunity, skillfully applied pressure can prove a thuggish regime surprisingly brittle. However, these moments are prepared through a long struggle for democratic rights within a closed society. Technology can help create these openings, organize activists, document abuses and share information in the moment that the eyes of the world are watching.

Being prepared to seize the day requires more than tech, though: activists and citizens are most effective in political groups, using good organizing approaches. International development organizations, funders, academics, tech companies and others can help, but must consider the entire terrain - political, human, social and technical - in their efforts because liberation technology can land people in jail - or worse. Savvy authoritarians have inherent advantages in this "cat-and-mouse" game.

This talk addresses the role of technology in fragile democracies and closed societies from NDI's perspective as implementers of democracy strengthening programs.

Chris Spence is Chief Technology Officer at the National Democratic Institute. In this capacity he manages NDI's work in employing the use of Information and Communication Technologies (ICTs) to promote and strengthen democracy around the world through NDI programs, and has done so since 1996. Mr. Spence was the first staff person to specialize in ICTs for democratic development at NDI, and during his tenure with NDI has overseen ICT programs in dozens of countries around the world in all of NDI's program areas and positioned the Institute as a leader in the use of ICTs in democratic development. Areas of specialization include ICT and e-governance projects, including working with legislatures, local government, election monitoring, political parties and civil society organizations in developing countries and emerging democracies.

Mr. Spence brings to NDI a combination of information technology and international relations expertise. He started his technology career in 1986 in Silicon Valley with positions in several companies including Oracle Corporation, Netscape Communications and Triad Systems.

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Chris Spence Chief Technology Officer Speaker National Democratic Institute

Seminars

Is Liberal Society a Parasite on Tradition?

Friday, November 5, 2010 | 1:15 PM -Friday, November 5, 2010 | 3:00 PM

SAMUEL BOWLES, (PhD, Economics, Harvard University) is Research Professor at the Santa Fe Institute where he heads the Behavioral Sciences Program. He is also Professor of Economics at the University of Siena. He taught economics at Harvard from 1965 to 1973 and at the University of Massachusetts, where he is now emeritus professor. His recent studies on cultural and genetic evolution have challenged the conventional economic assumption that people are motivated entirely by self-interest. These have included the mathematical modeling and agent-based computer simulations of the evolution of altruistic behaviors and behavioral experiments in 15 hunter-gather and other small-scale societies. Recent papers have also explored how organizations, communities and nations could be better governed in light of the fact that altruistic and ethical motives are common in most populations. Bowles' current research also includes theoretical and empirical studies of political hierarchy and wealth inequality and their evolution over the very long run.

His scholarly papers have appeared in Science, Nature, American Economic Review,Theoretical Population Biology, Journal of Theoretical Biology, Journal of PoliticalEconomy, Quarterly Journal of Economics, Behavioral and Brain Science, Philosophy and Public Affairs, Journal of Public Economics, Theoretical Primatology, Proceedings of the National Academy (USA), Harvard Business Review, Journal of Economic Literature, Journal of Economic Perspectives, and the Economic Journal.

His recent books include Microeconomics: Behavior, Institutions and Evolution(Princeton University Press, 2004), Moral Sentiments and Material Interests: the Foundations of Cooperation in Economic Life (MIT Press, 2005), Unequal Chances: Family Background and Economic Success (Princeton 2004), Poverty Traps (Princeton 2006), Inequality, Cooperation and Environmental Sustainability (Princeton 2005), Globalization and Egalitarian Redistribution (Princeton, 2006), Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence in 15 Small-scale Societies. (Oxford University Press. 2004) and Understanding Capitalism: Competition, Command and Change (Oxford 2004).

He has also served as an economic advisor to the governments of Cuba, South Africaand Greece, to presidential candidates Robert F. Kennedy and Jesse Jackson, to the Congress of South African Trade Unions and to South African President Nelson Mandela.

His next major work, A Cooperative Species: Human reciprocity and its evolution,co-authored with Herbert Gintis, will be published in 2011. Drawing on their recentresearch on cultural and genetic evolution and his empirical studies of behavior in smallscale societies, this work will explain why humans, unlike other animals, engage incooperation among large numbers of people beyond the immediate family. His CastleLectures at Yale University, Machiavelli's Mistake: Why good laws are no substitute forgood citizens, will be published in 2011 by Yale University press.

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Samuel Bowles, PhD. Research Professor Speaker Sante Fe Institute

Workshops

Executive Summary from the Fourth Korea-U.S. West Coast Strategic Forum Released

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News

Date

Mon, 07/26/2010 - 12:00

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The fourth Korea-U.S. West Coast Strategic Forum was held on June 18th at Stanford to discuss current developments in North Korea and North Korea policy, the future of the U.S.-South Korean alliance, and a strategic vision for Northeast Asia. Former senior government officials and other leading experts from the United States and South Korea participated. The forum agenda and the executive summary available.

Participants from the United States included:

Michael H. Armacost, Shorenstein Distinguished Fellow, Shorenstein Asia-Pacific Research Center (APARC), Stanford University
Michael Chinoy, Senior Fellow, University of Southern California, U.S.-China Institute; former CNN foreign correspondent
Siegfried S. Hecker, Co-Director of Center for International Security and Cooperation (CISAC), Stanford University; and Professor (Research), Department of Management Science and Engineering; FSI Senior Fellow
David C. Kang, Professor of International Relations and Business, University of Southern California; Director, USC Korean Studies Institute
Stephen D. Krasner, Professor of International Relations and Business, Deputy Director of Freeman Spogli Institute, Stanford University
John W. Lewis, William Haas Professor of Chinese Politics, Emeritus, Stanford University; CISAC Faculty Member; FSI Senior Fellow, by courtesy
Kyung-Ae Park, Associate Professor, Korea Foundation Chair, Institute of Asian Research, University of British Columbia
William J. Perry, Michael and Barbara Berberian Professor (at FSI and Engineering) and Co-director of the Preventive Defense Project at CISAC; FSI Senior Fellow
Gi-Wook Shin, Director, Shorenstein APARC; Director, Korean Studies Program and Tong Yang, Korea Foundation, and Korea Stanford Alumni Chair of Korean Studies; Professor of Sociology; FSI Senior Fellow
David Straub, Associate Director, Korean Studies Program, Shorenstein APARC; former Director, Office of Korean Affairs, U.S. State Department
Philip W. Yun, Vice President for Resource Development, The Asia Foundation
Participants from South Korea
Yun Young Cho, Associate Professor, Chung-Ang University
Ro Myung Gong, Chairman, The Sejong Foundation; former Foreign Minister
Young Sun Ha, Professor, Seoul National University
Yong Ho Kim, Professor, Inha University; former President of Korea Political Science Association
Sangho Lee, Research Fellow, The Sejong Institute (Program Coordinator)
Yong Ok Park, Governor, South Pyongan Province; former Vice Minister of Defense
Sang Woo Rhee, Head, Presidential Commission for National Security Review; former President, Hallym University
Gi Woong Son, Senior Research Fellow, Korea Institute for National Unification
Dae Sung Song, President, The Sejong Institute

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Frank Fukuyama: Time for a Sensible Debate on Immigrants and Crime

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Francis Fukuyama

News Type

Commentary

Date

Mon, 07/26/2010 - 12:00

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Opponents of immigration reform see illegal immigrants as criminals who will disregard U.S. laws once in the country, writes Frank Fukuyama in the Wall Street Journal, but they are better described as "informal" rather than "illegal." Reform that provides hardworking illegal immigrants with a path to citizenship should be seen as an effort to move people from a dangerous informal system to one based on a rule of law.

There is a widespread perception of a strong link between immigrants and crime. It is common to hear those who oppose immigration argue that the first act illegal immigrants commit on U.S. soil is to break the law-that is, our immigration laws-and that they are ipso facto criminals who will continue to disregard U.S. laws once in the country. Those making this argument are generally steadfastly opposed to any immigration reform that will provide the 10 million to 12 million illegals already in the country any path to citizenship, on the grounds that such an "amnesty" would reward law-breaking.

The association of immigrants with crime is strengthened by the weekly barrage of news about drug and gang violence in Mexico as the government of Mexican President Felipe Calderón seeks to crack down on that country's powerful drug mafias. And long before the Mexican drug war, Americans were threatened by Colombian cartels, Salvadoran street gangs, and other criminal groups from Latin America. Moreover, it is perfectly true that the simple fact of being an illegal immigrant induces one to break further laws: One is reluctant to buy mandated auto insurance, pay taxes, or register businesses for fear of deportation.

There is indeed a huge problem of crime originating in Latin America and spilling into the United States. This is almost wholly driven by the enormous demand for drugs from the U.S. There are many things we can and should do to mitigate this problem, but it will persist as long as that demand remains high.

But the problem of gangs and drug violence should not be confounded with the behavior of the vast majority of illegal immigrants to the U.S., who by and large are seeking the same thing that every immigrant to America has wanted since the time of the Mayflower: to better their condition and that of their families. They are not criminals in the sense of people who make a living by breaking the law. They would be happy to live legally, but they come from societies in which legal rules were never quite extended to them. They are therefore better described as "informal" rather than "illegal."

Understanding this distinction requires knowing something about the social order in Latin America or, for that matter, in many other developing countries. These societies are often characterized by sharp class distinctions between a relatively small, well-educated elite and a much broader and poorer population.

The rule of law exists in places like Mexico, Colombia and El Salvador; the problem is that access to the legal system tends to be a privilege of the well-to-do. The vast majority of illegal immigrants to the U.S. come from poor rural areas, or shantytowns in large cities, where the state-in the form of courts, government agencies and the like-is often absent. Registering a small business, or seeking help from the police, or negotiating a contract requires money, time and political influence that the poor do not possess. In many Latin American countries, as much as 70%-80% of the population lives and works in the informal sector.

The lack of legal access does not make everyone in these regions criminals. It simply means that they get by as best they can through informal institutions they themselves create. The Peruvian economist Hernando de Soto has written extensively about the lack of formal property rights, not just in his own country but throughout the developing world. The poor do not hold legal title to their homes, despite having lived in them for years, because of the insuperable barriers the system throws up to formal registration. So they squat in their homes, constantly insecure and unable to use their property as collateral.

The poor are entrepreneurial and form businesses like restaurants and bus companies, but they are unlicensed and don't conform to official safety rules. They and everyone else would be much better off if they could be brought into the formal legal system, but it is a dysfunctional political system that prevents that from happening.

What illegal immigrants to the U.S. have done is to recreate the informal system within our borders. The Americans who hire them are often complicit in this system by not providing benefits or helping them avoid taxes through cash payments. The gardeners and maids and busboys who participate in this game, along with their employers, are indeed breaking the law. But they are in a very different category from the tattooed Salvatrucha gang member who lives by extortion and drug-dealing.

A comprehensive immigration reform that provides hardworking illegal immigrants with an ultimate path to citizenship should not be regarded as rewarding criminal behavior. It should be seen as an effort to move people from a dangerous informal system to one characterized by a modern rule of law.

We need, of course, to control much better the total number of people coming into the country, which can ultimately be done only through stronger enforcement of employment rules. If we can better distinguish between illegal and informal in our political discourse, then we can begin to concentrate our resources on going after those in the immigrant population who are genuinely dangerous criminals.

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Rising international stars: 2010 Draper Hills Summer Fellows on Democracy and Development

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News

Date

Wed, 07/21/2010 - 12:00

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New Draper Hills Summer Fellows come to Stanford to study linkages between democracy, development, and the rule of law

Rising leaders from a diverse group of nations in transition, including China, Russia, Ukraine, Syria, Iran, Iraq, Pakistan, Egypt, Kenya, Zimbabwe, Mozambique, and Nigeria arrived on campus on July 25 for a three-week seminar as Draper Hills Summer Fellows on Democracy and Development. Initiated by FSI's Center on Democracy, Development, and the Rule of Law (CDDRL) six years ago, the program has created a network of some 139 leaders from 62 transitioning countries. This year's exceptional class of 23 fellows includes a deputy minister of Ukraine, current and former members of parliament (including a deputy speaker), leading attorneys and rule of law experts, civic activists, journalists, international development practitioners, and founders of non-governmental organizations (NGOs). (One fellow needed to withdraw because he was named to the Cabinet of the new Philippine president, Noynoy Aquino).

Draper Hills Summer Fellows are innovative, courageous, and committed leaders, who strive to improve governance, enhance civic participation, and invigorate development under very challenging circumstances"
- Larry Diamond"Draper Hills Summer Fellows are innovative, courageous, and committed leaders, who strive to improve governance, enhance civic participation, and invigorate development under very challenging circumstances," says CDDRL Director Larry Diamond. "This year's fellows are an inspiring group. They have come here to learn from us, but even more so from one another. And we will learn much from them, about the progress they are making and the obstacles they confront as they work to build democracy, improve government accountability, strengthen the rule of law, energize civil society, and enhance the institutional environment for broadly shared economic growth."

The three-week seminar is taught by an interdisciplinary team of leading Stanford faculty. In addition to Diamond, faculty include FSI Senior Fellow and CDDRL Deputy Director Kathryn Stoner; Stanford President Emeritus Gerhard Casper; FSI Deputy Director and political science Professor Stephen D. Krasner; Olivier Nomellini Senior Fellow Francis Fukuyama; professor of political science, philosophy, and law Joshua Cohen; professor of pediatrics and Stanford Health Policy core faculty Paul H. Wise; visiting associate professor Beth van Schaack; FSI Senior Fellow Helen Stacy; Walter P. Falcon, deputy director, Program on Food Security and the Environment; Erik Jensen, co-director of the Stanford Law School's Rule of Law Program; Avner Greif, professor of economics; Rick Aubry, lecturer in management, Stanford Graduate School of Business; and Nicholas Hope, director, Stanford Center on International Development.

Other leading experts who will engage the fellows include President of the National Endowment for Democracy Carl Gershman, United States Court of Appeals Judge Pamela Rymer, International Center on Nonviolent Conflict founding chair Peter Ackerman, Omidyar Network partner Matt Halprin, Conservation International's Olivier Langrand, executives of leading Silicon Valley companies, such as Google and Facebook, and media and nonprofit organizations in the Bay Area. Michael McFaul, a Stanford political science professor and former CDDRL director, who now serves on the National Security Council as President Obama's chief advisor on Russia, will come to campus to teach a session on U.S. foreign policy in the Obama administration.

The demanding, but compelling curriculum will devote the first week of the seminar to defining the fundamentals of democracy, good governance, economic development, and the rule of law. In the second week, faculty will turn to democratic and economic transitions and the feedback mechanisms between democracy, development, and a predictable rule of law. This week will include offerings on liberation technology, social entrepreneurship, and issues raised by development and the environment. The third week will turn to the critical - and often controversial - role of international assistance to foster and support democracy, judicial reform, and economic development, including the proper role of foreign aid.

Our program helps to create a broader community of global activists and practitioners, intent on sharing experiences to bring positive change to some of the world's most troubled countries and regions"
- Kathryn Stoner-Weiss The fellows themselves also lead discussions, focused on the concrete challenges they face in their ongoing work in political and economic development. "Fellows come to realize that they are often engaged in solving similar problems - such as endemic corruption in different country contexts," says Kathryn Stoner-Weiss. "Our program helps to create a broader community of global activists and practitioners, intent on sharing experiences to bring positive change to some of the world's most troubled countries and regions."

The program has received generous gifts from donors William Draper III and Ingrid Hills. Bill Draper made his gift in honor of his father, Maj. Gen. William H. Draper, Jr., a chief advisor to Gen. George Marshall and chief diplomatic administrator of the Marshall Plan in Germany, who confronted challenges comparable to those faced by Draper Hills Summer Fellows in building democracy, a market economy, and a rule of law, often in post-conflict conditions. Ingrid von Mangoldt Hills, made her gift in honor of her husband, Reuben Hills, president and chairman of Hills Bros. Coffee and a leading philanthropist. The Hills project they ran for 12 years improved the lives of inner city children and Ingrid saw in the Summer Fellows Program a promising opportunity to improve the lives of so many people in developing countries.

Thanking the program's benefactors, Larry Diamond says, "The benefit to CDDRL faculty and researchers is incalculable, and we are deeply grateful for the vision and generosity of Bill Draper and Ingrid Hills." As he and Kathryn Stoner-Weiss state, "The Draper Hills Summer Fellows Program allows us to interact with a highly, talented group of emerging leaders in political and economic development from diverse countries and regions. They benefit from exposure to the faculty's cutting edge work, while we benefit from a cycle of feedback on whether these ideas work in the field." Like CDDRL, which bridges academic theory and policy, the Draper Hills Summer Fellows Program, they note, "is an ideal marriage between democratic and development theory and practice."

For additional details on the program or to request permission to attend a session, please contact program coordinator Audrey McGowan, audrey.mcgowan@stanford.edu.

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Corporations in Evolving Diversity: Cognition, Governance, and Institutions

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The 2008–2009 financial crisis demands we look anew at the role of corporations, and the working of financial markets around the world. In this challenging and insightful book, one of our most eminent economists provides a compelling new analysis of the corporate firm; the role of shareholders, managers and workers; and institutional governance structures.

In recent decades the firm has predominantly been seen as an organization run and governed in the interests of shareholders, where management acts as the agent of shareholders, and the workers simply as instruments for share-value maximization. This book reverses this viewpoint. It sees corporations as associational cognitive systems where "cognitive actions" are distributed amongst managers and workers, with shareholders supplying "cognitive tools" and monitoring their use in the systems. Aoki analyses the different relationships that can exist between shareholders, managers, and workers from this perspective, and identifies a range of different models of organizational architecture and associated governance structures. He also discusses ways in which corporations act as players in social, political, and organizational games, as well as global economic games; how these inter-related social dynamics may change particular, distinctive national structures into the diversity incorporated in the global corporate landscape; and how they now call for new roles for financial markets.

"Masahiko Aoki uses the social mathematics of game theory to reveal the deep structure of corporate governance systems, in the process explaining the persistence of diversity under conditions of globalization. His profound and highly original analysis speaks directly to the issue of corporate governance reform in the aftermath of the financial crisis of 2008–9."
-Simon Deakin, Professor of Law, University of Cambridge
"The recent wave of fraud, corruption, and fiscal irresponsibility at the highest corporate levels dramatizes the need for a model of the modern corporation that is at the same time deeply economic in the recognition of the centrality of incentives, and deeply sociological in the recognition of the centrality of social norms and a culture of corporate morality. Professor Aoki has combined his magisterial knowledge of business organization with a foundational study of the role of culture in epistemic game theory to produce, for the first time, a truly transdisciplinary model of the corporation."
-Herbert Gintis, Santa Fe Institute
"This is a path breaking book that provides a rigorous analysis of the cognitive underpinnings of corporations. It gives fundamental insights into the diversity of organizational forms that exist and the association of these with the historical, political, social, and technological contexts within which they operate. As with so much of Professor Aoki's work, it will radically alter the way in which we view the corporation."
-Colin Mayer, Peter Moores, Dean, Saïd Business School, University of Oxford
"A pioneering contribution which formalizes in game theoretic language complex institutional structure and environment of the corporation both at a moment of time and over time."
-Douglass C. North, Nobel Laureate in Economics 1993, Spencer; T. Olin Professor in Arts and Sciences, Washington University in St. Louis

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Publication Type

Books

Publication Date

July 1, 2010

Journal Publisher

Oxford University Press

Authors

Masahiko Aoki

Number

0199218536

Join us at our "Climate Policy Instruments in the Real World" conference

Read more about Join us at our "Climate Policy Instruments in the Real World" conference

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News

Date

Tue, 06/22/2010 - 12:00

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On September 7, 2010, the Program on Energy and Sustainable Development in collaboration with the Stanford University's Graduate School of Business and Stanford Law School hosted an all-day conference on "Climate Policy Instruments in the Real World" in the Bechtel Conference Center. This conference featured presentations by leading researchers on the political, economic, and regulatory challenges associated with major climate policy instruments.

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PESD Director Frank Wolak delivers keynote at Agrion Business Network for Energy Event

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News

Date

Wed, 06/09/2010 - 12:00

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PESD Director Frank Wolak delivered his presentation on "Symmetric Treatment of Load and Generation: A Necessary Condition for Demand Response to Benefit Wholesale Market Efficiency and Manage Intermittency" in his keynote for Agrion's "The Missing Link: Constructing a Dynamic Pricing Plan for a Smarter Grid" event on June 9, 2010.

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The Missing Link: Constructing a Dynamic Pricing Plan for a Smarter Grid

Wednesday, June 9, 2010 | 8:30 AM -Wednesday, June 9, 2010 | 11:30 AM

California is like many states whose electricity customers are still protected by real-time price risk through fixed retail price. This fixed retail price, however, restricts the consumer's ability to save money by reducing consumption during peak hours.

Those queasy about allowing or subjecting customers' to dynamic pricing are up for a fight; major technological barriers to dynamic pricing will soon be eliminated as all three of California's IOUs will have interval meters. The Home Area Network segment of the Smart Grid Ecosystem Broadband Plan includes some strong words for State PUCs, urging them to in turn push utilities to deliver real time pricing data to consumers. What remains to be seem is: What set of pricing plans would satisfy both HAN vendors and the PUCs?

Panel discussion topics:

Is some dynamic pricing available?
What will the plans look like?
Research questions
What set of pricing plans would satisfy both HAN vendors and the PUCs?

Westin Hotel
Palo Alto, CA

Frank Wolak

Stanford University
Economics Department
579 Jane Stanford Way Stanford, CA 94305-6072

Website: https://fawolak.org/

(650) 724-1712 (650) 724-1717

wolak@zia.stanford.edu

Senior Fellow at the Freeman Spogli Institute for International Studies

Holbrook Working Professor of Commodity Price Studies in Economics

Senior Fellow, by courtesy, at the Stanford Institute for Economic Policy Research

frank_wolak_033.jpg MS, PhD

Frank A. Wolak is a Professor in the Department of Economics at Stanford University. His fields of specialization are Industrial Organization and Econometric Theory. His recent work studies methods for introducing competition into infrastructure industries -- telecommunications, electricity, water delivery and postal delivery services -- and on assessing the impacts of these competition policies on consumer and producer welfare. He is the Chairman of the Market Surveillance Committee of the California Independent System Operator for electricity supply industry in California. He is a visiting scholar at University of California Energy Institute and a Research Associate of the National Bureau of Economic Research (NBER).

Professor Wolak received his Ph.D. and M.S. from Harvard University and his B.A. from Rice University.

Director of the Program on Energy and Sustainable Development

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Mon, 05/12/2025 - 12:14

Frank Wolak Keynote Speaker

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