Governance

FSI's research on the origins, character and consequences of government institutions spans continents and academic disciplines. The institute’s senior fellows and their colleagues across Stanford examine the principles of public administration and implementation. Their work focuses on how maternal health care is delivered in rural China, how public action can create wealth and eliminate poverty, and why U.S. immigration reform keeps stalling. 

FSI’s work includes comparative studies of how institutions help resolve policy and societal issues. Scholars aim to clearly define and make sense of the rule of law, examining how it is invoked and applied around the world. 

FSI researchers also investigate government services – trying to understand and measure how they work, whom they serve and how good they are. They assess energy services aimed at helping the poorest people around the world and explore public opinion on torture policies. The Children in Crisis project addresses how child health interventions interact with political reform. Specific research on governance, organizations and security capitalizes on FSI's longstanding interests and looks at how governance and organizational issues affect a nation’s ability to address security and international cooperation.

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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.

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Working Papers
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Palgrave Macmillan
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Masahiko Aoki
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978-1-137-03420-5
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The OECD and the WTO have accumulated systematic data on the magnitude of support going to farmers as a result of farm policies. The datasets are collected for different purposes, but give a detailed picture of the evolution of these policies. This paper extends recent work on the compatibility of these two classification systems with a focus on Norway, Switzerland, the US and the EU. The results show how the OECD data set, particularly with respect to the link between direct payments and production requirements, complements that of the WTO. Many payments classified as in the WTO Green Box require production, raising the possibility that they may not be trade-neutral. Though the issue of correct notifications to the WTO is the province of lawyers, the implications for modeling and policy analysis is more interesting to economists. And the broader question of improving the consistency of the two datasets is of importance in the quest for transparency.

 

This work was undertaken while Mittenzwei was a Research Fellow at the Europe Center.

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Norwegian Agriultural Economics Research Institute
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Klaus Mittenzwei
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These working papers on the South Korean economy are the product of an annual conference series on Korean affairs hosted by Stanford University's Korean Studies Program (KSP), and made possible by the generous support of the Koret Foundation. KSP's 2009–2010 Koret Fellow, Byongwon Bahk, a former vice finance minister and chief economic adviser to Korean president Lee Myung-bak, played a leading role in organizing the 2010 conference, authored a major paper, and co-edited this volume.

From Byongwon Bahk's preface:

The editors believe that the study of the South Korean economy holds, or should hold, interest not only for Koreans but also for Americans and the international community as a whole. Korea has become a major player in the global economy, ranking thirteenth in GDP and seventh in exports among the world's nearly 200 countries. This should no longer come as much of a surprise to consumers across the globe who use Korean cell phones, drive Korean cars, and, increasingly, enjoy Korean pop music and movies.

The Korean economy is also important as a leading model of development. In only two generations and despite national division and the devastation of civil war, South Korea has transformed itself from a largely agricultural economy to a world leader in manufacturing, which in turn facilitated its emergence as a dynamic democracy. The Korean experience holds many lessons for countries throughout the world as they also struggle to modernize in a highly competitive, globalized economy.

Korea's success in navigating the turmoil caused by the global financial crisis and recession of 2008–2009 is yet another reason for studying its economy. Despite its economy being an astounding 85 percent dependent on international trade, Korea has been among the world's leaders in recovering from the crisis. Korea owes that success in part to the very hard lessons it learned from the Asian financial crisis of 1997–1998.

The five chapters selected for this compendium focus on some of the timeliest and most important issues involving the Korean economy.

Papers included in this volume:

  1. "The Changing Global and Korean Economies" by Taeho Bark
  2. "An Odyssey of the Korean Financial System and the September 2008 Financial Shock" by Thomas F. Cargill
  3. "South Korea’s Official Development Assistance Policy Under Lee Myung-bak: Humanitarian or National Interest?" by Eun Mee Kim and Ji Hyun Kim
  4. "Policy Recommendations for the Korean Economy" by Byongwon Bahk
  5. "Economic Globalization and Expatriate Labor in Korea" by Gi-Wook Shin and Joon Nak Choi
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Shorenstein Asia-Pacific Research Center
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Gi-Wook Shin
Byongwon Bahk
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978-1-931368-29-2
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Abstract:

Why have militarized crackdowns on drug cartels had wildly divergent outcomes, sometimes exacerbating cartel-state conflict, as in Mexico and, for decades, in Brazil, but sometimes reducing violence, as with Rio de Janeiro's new 'Pacification' (UPP) strategy?  CDDRL-CISAC Post Doctoral Fellow Benjamin Lessing will distinguish key logics of violence, focusing on violent corruption--cartels' use of coercive force in the negotiation of bribes. Through this channel, crackdowns can lead to increased fighting unless the intensity of state repression is made conditional on cartels' use of violence--a key difference between Mexico and Brazil.

Speaker Bio:

Benjamin Lessing is a recent Ph.D. in Political Science from the University of California, Berkeley. He is a joint postdoctoral fellow at the Center on Democracy, Development and the Rule of Law (CDDRL) and the Center on International Security and Cooperation (CISAC), and will join the Political Science faculty at University of Chicago as assistant professor in 2013.

Lessing studies 'criminal conflict'—organized armed violence involving non-state actors who, unlike revolutionary insurgents, are not trying to topple the state. His doctoral dissertation examines armed conflict between drug trafficking organizations and the state in Colombia, Mexico and Brazil. Additionally, he has studied prison gangs’ pernicious effect on state authority, and the effect of paramilitary groups’ territorial control on electoral outcomes. 

Prior to his graduate work, he conducted field research on the licit and illicit small arms trade in Latin America and the Caribbean for international organizations like Amnesty International, Oxfam, and the Small Arms Survey, as well as Viva Rio, Brazil’s largest NGO, and was a Fulbright Student Grantee in Argentina and Uruguay.

 

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Benjamin Lessing Post-doctoral Fellow Speaker CDDRL and CISAC

Dept. of Political Science
Encina Hall, Room 436
Stanford University,
Stanford, CA

(650) 724-5949
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Senior Fellow at the Freeman Spogli Institute for International Studies
Graham H. Stuart Professor of International Relations
Professor of Political Science
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Beatriz Magaloni Magaloni is the Graham Stuart Professor of International Relations at the Department of Political Science. Magaloni is also a Senior Fellow at the Freeman Spogli Institute, where she holds affiliations with the Center on Democracy, Development and the Rule of Law (CDDRL) and the Center for International Security and Cooperation (CISAC). She is also a Stanford’s King Center for Global Development faculty affiliate. Magaloni has taught at Stanford University for over two decades.

She leads the Poverty, Violence, and Governance Lab (Povgov). Founded by Magaloni in 2010, Povgov is one of Stanford University’s leading impact-driven knowledge production laboratories in the social sciences. Under her leadership, Povgov has innovated and advanced a host of cutting-edge research agendas to reduce violence and poverty and promote peace, security, and human rights.

Magaloni’s work has contributed to the study of authoritarian politics, poverty alleviation, indigenous governance, and, more recently, violence, crime, security institutions, and human rights. Her first book, Voting for Autocracy: Hegemonic Party Survival and its Demise in Mexico (Cambridge University Press, 2006) is widely recognized as a seminal study in the field of comparative politics. It received the 2007 Leon Epstein Award for the Best Book published in the previous two years in the area of political parties and organizations, as well as the Best Book Award from the American Political Science Association’s Comparative Democratization Section. Her second book The Politics of Poverty Relief: Strategies of Vote Buying and Social Policies in Mexico (with Alberto Diaz-Cayeros and Federico Estevez) (Cambridge University Press, 2016) explores how politics shapes poverty alleviation.

Magaloni’s work was published in leading journals, including the American Political Science Review, American Journal of Political Science, Criminology & Public Policy, World Development, Comparative Political Studies, Annual Review of Political Science, Cambridge Journal of Evidence-Based Policing, Latin American Research Review, and others.

Magaloni received wide international acclaim for identifying innovative solutions for salient societal problems through impact-driven research. In 2023, she was named winner of the world-renowned Stockholm Prize in Criminology, considered an equivalent of the Nobel Prize in the field of criminology. The award recognized her extensive research on crime, policing, and human rights in Mexico and Brazil. Magaloni’s research production in this area was also recognized by the American Political Science Association, which named her recipient of the 2021 Heinz I. Eulau Award for the best article published in the American Political Science Review, the leading journal in the discipline.

She received her Ph.D. in political science from Duke University and holds a law degree from the Instituto Tecnológico Autónomo de México.

Director, Poverty, Violence, and Governance Lab
Co-director, Democracy Action Lab
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Beatriz Magaloni Associate Professor of Political Science Commentator Stanford
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Despite the enormous amount of attention that has been directed to software security in recent years, relatively little attention has been given to hardware security. More than ever, the devices that are critical to everyday life and to the larger infrastructure are dependent on increasingly sophisticated integrated circuits (ICs). As the complexity and size of these ICs continue to grow, so does the risk of “Trojan” attacks, in which malicious circuitry is hidden within a chip during the design and manufacturing process. The circuitry could be triggered to launch an attack months or years later, with very significant consequences if carried out on a large scale. This presentation will explain the increasingly global nature of the semiconductor industry, and identify technology and policy steps that can be taken to minimize the likelihood of a successful, large-scale, hardware-based cyberattack.


John Villasenor is a professor of electrical engineering at the University of California, Los Angeles and a nonresident senior fellow in Governance Studies and the Center for Technology Innovation at the Brookings Institution. His work addresses the intersection of technology, policy and the law . He holds a B.S. degree from the University of Virginia, and an M.S. and Ph.D. from Stanford University, all in electrical engineering.

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John Villasenor Professor of Electrical Engineering, UCLA and Nonresident Senior Fellow, Brookings Institution Speaker
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Overlooking the golden prairie beneath the big Montana sky, a young man turned to address his followers, cocking his head and squinting into the sun.  

“For those of you who haven’t already heard of me with great admiration, yeah, I’m the real deal: the greatest, biggest, baddest Indian fighter in the West. But for you, well, you can call me General George Armstrong Custer. I fully believe the battle that we will have here today will be the biggest, best, crowning achievement of my life.” 

Or not. 

One hundred and thirty-six years later, the Battle of Little Bighorn remains one of the most contentious in American history, and Custer’s so-called “last stand” has become the stuff of legend and debate. Did Custer’s oversized ego lead his men to a certain death? Or did cowardly 7th Cavalry comrades abandon him to die? 

Those are among the dozens of questions recently posed and played out by a group of Stanford sophomores along the banks of the Little Bighorn River about an hour outside Billings. Jeffrey Abidor played the first of four Custers as they walked the famous battlefield points: Medicine Tail Coulee, Weir Ridge, Reno’s Retreat and Last Stand Hill, where simple white grave markers still pepper the prairie where Custer, his younger brother Tom, other cavalry comrades and Native American opponents fell. 

“No matter how many times you read about it, you have to be here,” said Abidor, who also played Custer’s Crow scout, Curley. “To see it and to see the land they had to fight on and visualize where they were, what they had to face – that makes all the difference.”

As I led my warriors into battle, I said, `Come on, die with me. It’s a good day to die; cowards to the rear!” -- Jacob Winkelman as Crazy Horse.

 

The Face of Battle class is part of the university’s Sophomore College, designed to take a small group of incoming sophomores and throw them together for three weeks before the academic year begins. They live together and travel together, digging deep into an issue such as the important American battles, U.S. foreign policy, Darwin and the Galapagos or hip hop as a universal language. They get to know their professors well and bond with one another in ways they hope will make them lifelong friends. 

“I think the best part is that we all found people who have similar interests,” said Katie Jarve, who portrayed Native American Bloody Knife and Capt. Thomas Weir on the staff ride in September. “There are people going into public policy and political science and it will be really nice to have that connection with them by taking the same class.”

The Face of Battle focused on Gettysburg and Little Bighorn, as well as the Korengal Valley campaign in Afghanistan. The college was co-taught by CISAC’s senior fellow Scott D. Sagan and senior research scholar Joseph Felter.

The students visited Pentagon officials in Washington before heading out to the battlefields, and then back at Stanford attended seminars on the ethics of war in historical and contemporary conflicts, such as in Afghanistan. 

“The battle of the Little Bighorn is particularly valuable to study for insights into counter-insurgency doctrine, in which combat often takes place in villages rather than on isolated battlefields,” said Sagan, an international security expert whose distant relative, Maj. Gen. George E. Pickett, led the final Confederate charge at Gettysburg. 

“I think the best part is that we all found people who have similar interests,” said Katie Jarve, who portrayed Native American Bloody Knife and Capt. Thomas Weir on the staff ride in September. “There are people going into public policy and political science and it will be really nice to have that connection with them by taking the same class.”

The Face of Battle focused on Gettysburg and Little Bighorn, as well as the Korengal Valley campaign in Afghanistan. The college was co-taught by CISAC’s senior fellow Scott D. Sagan and senior research scholar Joseph Felter.

The students visited Pentagon officials in Washington before heading out to the battlefields, and then back at Stanford attended seminars on the ethics of war in historical and contemporary conflicts, such as in Afghanistan. 

“The battle of the Little Bighorn is particularly valuable to study for insights into counter-insurgency doctrine, in which combat often takes place in villages rather than on isolated battlefields,” said Sagan, an international security expert whose distant relative, Maj. Gen. George E. Pickett, led the final Confederate charge at Gettysburg. 

Sophomore College students from the Face of Battle class gather at the national monument to the Battle of Little Bighorn.
Photo Credit: David Grubbs

The 16 Face of Battle sophomores – some of whom aspire to be CISAC honors students their senior year – were required to investigate the battlefield characters they would portray and be prepared to defend their actions on that day in 1876. The students, wearing Stanford garb and sunglasses, had five minutes to make their characters come to life on the same land where they had once fought for their lives. 

“Walking this terrain and recounting the many individual decisions and actions the led to Custer's famous defeat – on the very ground they occurred – provides unique context for the students,” said Felter, a counterinsurgency specialist and recently retired U.S. Army Special Forces officer who had combat deployments in Iraq and Afghanistan. 

“The challenges faced by the members of General Custer's 7th Cavalry are in many ways similar to those faced by modern counterinsurgency forces, including those in Afghanistan today,” he said. “The difference between overwhelming success and utter defeat in this type of conflict can turn on seemingly small and trivial decisions and actions, not only by senior leaders but down to the very lowest levels of command.” 

In 1876, Lakota Chief Sitting Bull had called thousands of Lakota Sioux and Northern Cheyenne off their reservations to a large encampment on the banks of the Little Bighorn. He had hoped to create an alliance to deal with the white gold miners encroaching on the Black Hills, which had been given to the Sioux by the U.S. government. 

I’m the real deal: the greatest, biggest, baddest Indian fighter in the West. But for you, well, you can call me General George Armstrong Custer. I fully believe the battle that we will have here today will be the biggest, best, crowning achievement of my life.” -- Jeffrey Abidor as Custer

President Ulysses S. Grant had sent Custer and the 7th Cavalry out West to force Native Americans back onto their reservations. Grant despised Custer, as the Civil War hero had testified against his administration about alleged corruption in the Indian affairs office. 

“Our tribe, the Lakota, were at the very height of power,” said Uttara Sivaram, playing Lakota war chief Crazy Horse. “We interacted with the white man rarely; they fought among themselves. They seem to naturally assume that we were weak and this put them at a fatal disadvantage. As long as these men would continue to think this way, my strategy and timing would always catch them off guard – which would lead them to their greatest defeat against the Indians at the Battle of Little Bighorn.” 

On June 25, 1876, Custer and his battalion of some 260 men charged against Sitting Bull’s encampment along the river. 

Jacob Winkelman, another student playing Crazy Horse, spoke about the warrior’s confidence and patience going into battle. He fastened a hawk feather in his hair and prepared his Winchester carbine and war clubs. He raised his hands to the sun and called on the Lakota’s great spirit, Wakan Tanka, to protect him in battle. 

“My own patience in the face of attack allowed me to outmaneuver General Custer, whose rash decisions led to the demise of him and his followers,” Winkelman’s Crazy Horse said. “I told my soldiers: Do your best and let us kill them all off today, that they may not trouble us anymore. As I led my warriors into battle, I said, `Come on, die with me. It’s a good day to die; cowards to the rear!” 

Custer had been ordered to wait for reinforcements at the mouth of the Little Bighorn. But when he saw the size of the Native American encampment, he immediately planned an attack from three sides. What he didn’t know was that Sitting Bull had already forced the 7th’s Capt. Frederick Benteen and Maj. Marcus Reno into retreat. Custer and his men were eventually surrounded, outmanned and killed. 

Face of Battle students walking the trails through the national Little Bighorn battlefield. 
Photo Credit: David Grubbs

The defeat led to national debate about whether Custer had died a tragic military hero or an arrogant hothead. Reno – who hated Custer and survived the battle – demanded a military court of inquiry to clear his name of allegations of dereliction of duties and Benteen fought charges that he neglected Custer’s plea for more ammunition packs. 

“Not two years after joining Custer’s 7th, I saw what made him truly despicable,” said Allen Xu said, playing Benteen. “But as they say – karma turned out to be a harsher mistress than Libby Custer.” 

Chase Basich, who portrayed Reno and Crazy Horse, said it was chilling to walk the trails the soldiers took, to see the rocks they hid behind and where they finally fell. 

“By thoroughly researching our assigned persons, we became intimate with them,” Basich said. “It really drove home one of the main focuses of the class: looking through battle from the eyes of individuals, to see that battle was not something simply to be viewed from the point of view of generals and policy makers, and was not colored dots moving around a map. The battle was a collection of individuals making their own choices and decisions, each exerting their own influence on the outcome of the battle. 

Reed Jobs, a junior who was a course assistant, played the final Custer by posthumously defending his decisions of that day. 

“I regret that I could not have testified against that drunken lollard Marcus Reno,” Jobs said as Custer. “For it was his retreat which was out of cowardice, not out of strategy, which cost us valuable time. But it was Benteen who I would have liked to seen hanged for cowardice that day. I knew that even as we were being shot at and the bullets were raining down on us, as we stood trying to hold our position in futility, that I was still – and Tom was still – more man than Benteen could ever be. 

“Soon I felt a bullet lodge deep in my left shoulder, near my heart,” he continued. “I knew I had only a few moments before I perished here on this hill. Had we had more time, had Benteen shown up, I believe we would have … finally ended this Indian scourge on our great nation.” 

Though the Native Americans won the battle, the deaths of Custer and his men reinforced the U.S. government efforts to subdue the indigenous tribes. Within five years, nearly all the Sioux and Cheyenne would be confined to reservations. 

Face of Battle course assistant Reed Jobs acts out the role of General Custer with the Little Bighorn national monument reflected in his sunglasses.
Photo Credit: David Grubbs

 

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Former Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at the Freeman Spogli Institute for International Studies
Former Professor, by courtesy, of Finance at the Graduate School of Business
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Takeo Hoshi was Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Professor of Finance (by courtesy) at the Graduate School of Business, and Director of the Japan Program at the Shorenstein Asia-Pacific Research Center (APARC), all at Stanford University. He served in these roles until August 2019.

Before he joined Stanford in 2012, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at University of California, San Diego (UCSD), where he conducted research and taught since 1988.

Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco, Research Associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER), and Senior Fellow at the Asian Bureau of Finance and Economic Research (ABFER). His main research interest includes corporate finance, banking, monetary policy and the Japanese economy.

He received 2015 Japanese Bankers Academic Research Promotion Foundation Award, 2011 Reischauer International Education Award of Japan Society of San Diego and Tijuana, 2006 Enjoji Jiro Memorial Prize of Nihon Keizai Shimbun-sha, and 2005 Japan Economic Association-Nakahara Prize.  His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business, University of Chicago) received the Nikkei Award for the Best Economics Books in 2002.  Other publications include “Will the U.S. and Europe Avoid a Lost Decade?  Lessons from Japan’s Post Crisis Experience” (Joint with Anil K Kashyap), IMF Economic Review, 2015, “Japan’s Financial Regulatory Responses to the Global Financial Crisis” (Joint with Kimie Harada, Masami Imai, Satoshi Koibuchi, and Ayako Yasuda), Journal of Financial Economic Policy, 2015, “Defying Gravity: Can Japanese sovereign debt continue to increase without a crisis?” (Joint with Takatoshi Ito) Economic Policy, 2014, “Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan” (with Anil Kashyap), Journal of Financial Economics, 2010, and “Zombie Lending and Depressed Restructuring in Japan” (Joint with Ricardo Caballero and Anil Kashyap), American Economic Review, December 2008.

Hoshi received his B.A. in Social Sciences from the University of Tokyo in 1983, and a Ph.D. in Economics from the Massachusetts Institute of Technology in 1988.

Former Director of the Japan Program at the Shorenstein Asia-Pacific Research Center
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KSP associate director David Straub joined a panel organized by The Korea Society on February 28 to discuss the opportunities and challenges facing the new South Korean government of President Park Geun-hye.

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President-elect Park Geun-hye of South Korea spoke at the Walter H. Shorenstein Asia-Pacific Research Center in 2009. | Rod Searcey
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