Investment
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Vietnam has become the newest "Asian tiger." The US played a leading role in negotiating Vietnam's January 2007 entry into the World Trade Organization and the 2001 US-Vietnam Bilateral Trade Agreement. Requirements in these treaties have accelerated the pace of economic and legal policy reforms in Vietnam. Combined with other initiatives, the reforms are giving rise to the domestic institutions, economic policies, governing procedures, and rule of law needed to grow a market economy, facilitate the fledgling private sector, and rationalize the state sector. US foreign assistance has been intensively involved in this effort. The effects of these changes have been felt in faster growth, increased trade, more foreign and domestic investment, and continued poverty alleviation. Within this context, the seminar can address an especially difficult and complex question: How might these reforms, and the changes they have foster, affect the political development of the country?

Steve Parker recently returned from nearly six years in Vietnam, where he served as the project manager for the STAR-Vietnam Project--the first major USAID-funded technical assistance program in post-war Vietnam. In that context he worked with the prime minister's office in Hanoi to help more than forty government agencies make the changes needed for Vietnam to implement the US-Vietnam Bilateral Trade Agreement (BTA) and accede to the World Trade Organization. His latest writing is a "Report on the 5-Year Impact of the BTA on Vietnam's Trade, Investment and Economic Structure." Previously he worked as an economic specialist for the US government and the Asia Foundation, and was posted to Vietnam, Indonesia, and Japan with USAID, the Asian Development Bank, and the Harvard Institute for International Development.

Co-sponsored with the Stanford Center for International Development.

Daniel and Nancy Okimoto Conference Room

Steve Parker Lead Economics and Trade Advisor Speaker Development Alternatives, Inc., Bethesda, MD
Seminars

Shorenstein APARC
Stanford University
Encina Hall E301
Stanford, CA 94305-6055

(650) 724-9747 (650) 723-6530
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Shorenstein Fellow
ParkWeb1.jpg PhD

Gene Park is a Shorenstein Postdoctoral Fellow at Shorenstein APARC for 2007-2008. Park is currently working on a book that analyzes how a large government system for mobilizing and allocating financial capital, the Fiscal Investment Loan Program, has influenced budget politics and the internal coalitional dynamics within the ruling Liberal Democratic Party (LDP).

His work has appeared in the journals Governance and Asian Survey, and he co-authored an article for the edited volume, The State after Statism (Harvard University Press). Dr. Park received a Fulbright scholarship to study in Japan. He has been a visiting scholar at the Japanese Ministry of Finance's Policy Research Institute and Sophia University in Tokyo.

Dr. Park completed his Ph.D. in 2007 in political science at University of California, Berkeley. He also holds a Masters in City and Regional Planning from Berkeley, and a B.A. in Philosophy from Swarthmore College.

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Glenn Kessler is a diplomatic correspondent for The Washington Post, a position he has held since May 2002. He reports on the formulation and implementation of U.S. foreign policy at the State Department, the White House, and other agencies.

He is also the author of the book, The Confidante: Condoleezza Rice and the Creation of the Bush Legacy, published in September, 2007, by St. Martin's Press.

Kessler, who is 48, joined the Post in January 1998 as national business editor. In that position, Kessler oversaw the reporting of a dozen reporters based in Washington and New York. Kessler switched from editing to reporting in February 2000, covering domestic economic policy and the Bush administration's push to pass a large tax cut, before moving to the national desk to become diplomatic correspondent.

Before joining the Post, Kessler spent nearly 11 years as a Washington correspondent and New York City-based reporter for Newsday. In Washington, Kessler served as White House correspondent, national political correspondent, and congressional correspondent. He led the newspaper's coverage of the 1996 election and the 1995 budget stalemate between Congress and the White House that resulted in two government shutdowns.

In New York, Kessler covered a variety of subjects for Newsday, including Wall Street (the insider trading scandals and 1987 stock market crash) and airline safety. Kessler's investigative articles on airline safety led to the indictments of airline executives and federal officials for fraud, prompted congressional hearings into safety issues, and led the federal government to impose new safety rules for DC-9 jets and begin regular inspections of foreign airlines.

Among other awards, Kessler has won the Page One Award of the Newspaper Guild (1989), the Atrium Award (1990), the investigative reporting award of the Society of the Silurians (1991) and the Premier Award of the Aviation/Space Writers Association (1992). He also was part of reporting teams that won a 1992 Pulitzer Prize for coverage of a deadly subway crash and a 1996 Pulitzer Prize for coverage of the TWA Flight 800 crash.

Before joining Newsdayin February 1987, Kessler was editor of Investment Dealers Digest and, before that, managing editor of Corporate Financing Week and Wall Street Letter.

Kessler is a member of the Council on Foreign Relations. He received a Master's degree in international affairs from Columbia University in 1983 and a Bachelor's degree in European history from Brown University in 1981. He lives with his wife and three children in McLean, Va.

About The Confidante: Condoleezza Rice and the Creation of the Bush Legacy:

In his riveting glimpse into the life of one of the most powerful Secretaries of State in recent years, Washington Post diplomatic correspondent Glenn Kessler provides not only a revealing look at Condoleezza Rice but a rich portrait of the Bush administration's controversial foreign policy regime. From her grievous errors in judgment as national security advisor to her notable influence over the president as Secretary of State, Rice has not gone unnoticed during her rise to power. But, as an intensely private person, she has despite endless media attention remained a mystery. As the first critical examination of Rice's skills as policy-maker, politician and manager, this definitive biography explains not only her rise to power, but the pivotal role she has played in our nation's history.

Full of candor as well as honesty, The Confidante shows unseen moments in Rice's life and of her frequently divisive performance during one of the most tumultuous foreign-policy periods in U.S. history. Drawing on personal interviews with Rice, an intimacy afforded to Kessler as one of the few reporters granted the opportunity to travel with her, Kessler takes readers inside the secret meetings Rice has held with foreign leaders and even her private conversations with President Bush. With access to all of Rice's top aides and sources in many overseas governments, Kessler also provides dramatic new information about one of the most secretive administrations in U.S. history. He shows how Rice molded herself into the image of a globe-trotting diplomatic super star, negating memories of her past failures. He exposes new details about her secret role in Israel's withdrawal from Gaza, her maneuvers around government bureaucracy to strike a pivotal nuclear-energy deal with India, her persuasion of Bush to support a dramatic gesture to Iran, her failure to prevent the North Korean nuclear test, and her struggle to contain the devastating war between Israel and Lebanon. This brilliantly written book reveals not only her public and private humiliation of foreign officials but also how her charm and grace have been successful assets in repairing fractured relations overseas. Condoleezza Rice remains today and in the future one of the most alluring, controversial, and ultimately influential decision makers in the United States. With this captivating work, Kessler shows what traits could solidify her shot at greatness or what cracks in her hard veneer could send her career hurtling to ruin.

This event is co-sponsored by the John S. Knight Fellowships Program.

CISAC Conference Room

James Bettinger Director, the Knight Fellowships, Stanford University Speaker

Encina Hall
616 Jane Stanford Way
Stanford, CA 94305-6055

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Senior Fellow, Freeman Spogli Institute for International Studies
Ken Olivier and Angela Nomellini Professor of International Studies, Department of Political Science
Peter and Helen Bing Senior Fellow, Hoover Institution
mcfaul_headshot_2025.jpg PhD

Michael McFaul is the Ken Olivier and Angela Nomellini Professor of International Studies in Political Science, Senior Fellow at the Freeman Spogli Institute for International Studies, and the Peter and Helen Bing Senior Fellow at the Hoover Institution, all at Stanford University. He joined the Stanford faculty in 1995 and served as FSI Director from 2015 to 2025. He is also an international affairs analyst for MSNOW.

McFaul served for five years in the Obama administration, first as Special Assistant to the President and Senior Director for Russian and Eurasian Affairs at the National Security Council at the White House (2009-2012), and then as U.S. Ambassador to the Russian Federation (2012-2014).

McFaul has authored ten books and edited several others, including, most recently, Autocrats vs. Democrats: China, Russia, America, and the New Global Disorder, as well as From Cold War to Hot Peace: An American Ambassador in Putin’s Russia, (a New York Times bestseller) Advancing Democracy Abroad: Why We Should, How We Can; and Russia’s Unfinished Revolution: Political Change from Gorbachev to Putin.

He is a recipient of numerous awards, including an honorary PhD from Montana State University; the Order for Merits to Lithuania from President Gitanas Nausea of Lithuania; Order of Merit of Third Degree from President Volodymyr Zelenskyy of Ukraine, and the Dean’s Award for Distinguished Teaching at Stanford University. In 2015, he was the Distinguished Mingde Faculty Fellow at the Stanford Center at Peking University.

McFaul was born and raised in Montana. He received his B.A. in International Relations and Slavic Languages and his M.A. in Soviet and East European Studies from Stanford University in 1986. As a Rhodes Scholar, he completed his D. Phil. in International Relations at Oxford University in 1991. 

CV
Date Label
Michael A. McFaul Director, CDDRL; Acting Director, FSI; Stanford Professor of Political Science; Peter and Helen Bing Senior Fellow, Hoover Institution Moderator
Glenn Kessler Diplomatic Correspondent, The Washington Post Speaker
Seminars
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Weitseng Chen, a Fulbright scholar, will receive his JSD from Yale Law School in October 2007. His recent research focuses on China's foreign direct investment and property rights transition, the economic behaviors of ethnic foreign investors in China, and a China-Taiwan comparison on their rule of law transition. Prior to his Yale education, Chen practiced law in Taiwan in diverse fields such as Internet and information technology industry, the private sector and public interest affairs, governmental reforms, and international NGO affairs.

Weitseng Chen's recent publications include "East Asian Model and Rule of Law (with Randall Peerenboom, a to be published book chapter)", "WTO: Time's Up for Chinese Banks - China's Banking Reform and Non-Performing Loans Disposal" (Chicago Journal of International Law), "State, Market, and the Law: Law and Development in Taiwan" (Chinese) (Journal of the Humanities & Social Science), and a book titled Law and Economic Miracle: Interaction between Taiwan's Economic Development and Economic & Trade Laws after WWII. (Chinese).

Encina Ground Floor Conference Room

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CDDRL Hewlett Fellow 2007-2008
weitseng_web.jpg J.S.D.

Weitseng Chen, a Fulbright scholar, will receive his JSD from Yale Law School in October 2007. His recent research focuses on China's foreign direct investment and property rights transition, the economic behaviors of ethnic foreign investors in China, and a China-Taiwan comparison on their rule of law transition. Prior to his Yale education, Chen practiced law in Taiwan in diverse fields such as Internet and information technology industry, the private sector and public interest affairs, governmental reforms, and international NGO affairs.

Weitseng Chen's recent publications include "East Asian Model and Rule of Law (with Randall Peerenboom, a to be published book chapter)", "WTO: Time's Up for Chinese Banks - China's Banking Reform and Non-Performing Loans Disposal" (Chicago Journal of International Law), "State, Market, and the Law: Law and Development in Taiwan" (Chinese) (Journal of the Humanities & Social Science), and a book titled "Law and Economic Miracle: Interaction between Taiwan's Economic Development and Economic & Trade Laws after WWII." (Chinese).

Weitseng Chen Hewlett Fellow Speaker CDDRL
Seminars

Stanford University
Encina Hall
616 Serra Street
Stanford, CA 94305-6055

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Visiting Scholar 2007-2008
Jesus_web.jpg

Academic

Pontifical University Comillas, Madrid, Spain (www.upco.es): Degree in Law (1987).

Pontifical University Comillas, Madrid, Spain: Degree in Economics (1988).

Collège d'Europe, Bruges, Belgium (www.coleurop.be): LLM in Hautes Etudes Européennes, 1989.

Professor of Corporate Law, Law School, Pontifical University Comillas.

National Fellow, Hoover Institution, Stanford University, 2007-08.

Visiting Scholar, Stanford Institute for Economic Policy Research (SIEPR), Stanford University, 2007-08.

Rock Center Fellow, Stanford University, 2007-08.

Has published articles as author, co-author or co-editor in newspapers, legal reviews and books (see exhibit).

Professional

Member of the Madrid Bar Association since 1987 (www.icam.es).

Laureate lawyer of the European Commission (open competition Com A/638).

Has wide-ranging corporate and M&A experience, and specialises in private equity, antitrust, litigation and arbitration.

Partner of Ashurst (www.ashurst.com).

Founded the Spanish office of Ashurst in 2001.

Head of the Ashurst Corporate and Litigation and Arbitration departments of the Ashurst Madrid office.

Has worked in corporate, finance and contentious matters for companies like Apax Partners, Coller Capital, TA Associates, Mercapital, Barclays Bank, JP Morgan Chase Bank, Credit Suisse, Goldman Sachs, Merrill Lynch, Royal Bank of Scotland, Stada Arzneimittel, Conserve Italia, Bank of Scotland, ING, ONCE, Anschutz Investments, QXL Ricardo, ACS Dragados, Wella, Rothschild, Cerberus, Morgan Stanley, Candover, Citigroup, TetraPak, Castle Harlan, Ferrovial, etc.

Prior to joining Ashurst, he was a partner at Melchor de las Heras (now, CMS' Albiñana & Suárez de Lezo).

He was also Secretary General of the Spanish State owned TV and radio group Radio Televisión Española (www.rtve.es), the largest media group in Spain.

Mentioned as recommended or leading lawyer in Spain in M&A, Corporate, Restructuring and Insolvency, Private Equity and Media by Chambers Global, Who's Who Legal, Global Counsel 3000, European Legal Experts, Experts Guides Euromoney, Cross-border Mergers and Acquisitions Handbook, etc.

Member of the following arbitration courts:

  • CIMA, Civil and Commercial Arbitration Court of Madrid (www.cima-arbitraje.com).
  • Arbitration Court of the Spanish Chambers of Commerce, Industry and Navigation (www.camaras.org).
  • Arbitration Court of the Madrid Bar Association (www.icam.com).
  • Spanish-Moroccan Arbitration Court.

Has also acted as arbitrator in the Swiss Chambers of Commerce and Industry.

Member of the "Círculo de Empresarios" (www.circulodeempresarios.org), a non-profit, non-partisan and private Spanish association formed by around 200 Spanish business leaders whose companies together employ over 715,000 workers and who share an interest in the major issues affecting the country's economic and social well-being.

Other

Member of the British Private Equity and Venture Capital Association (www.bvca.co.uk)

Born in Madrid, on January 21, 1964. Married. Four children.

Speaks Spanish, English and French.

Publications

  • "Culpable Insolvency", International Corporate Rescue, Kluwer Law International, Volume 3, Issue 6, London, 2006.
  • "Subordination of claims under the New Insolvency Law", International Corporate Rescue, Kluwer Law International, Volume 3, Issue 5, London, 2006.
  • "Understanding the New Insolvency Law", International Corporate Rescue, Kluwer Law International, Volume 3, Issue 2, London, 2006.
  • "El libro blanco de la competencia española", Expansión, Madrid, May 31, 2005.
  • "Brief Analysis of the new Spanish Insolvency Code", International Corporate Rescue, Kluwer Law International, Volume 2, Issue 4, London, 2005.
  • "Comparing civil litigation procedures across Europe", Ashurst, London, 2004.
  • "Principios generales y principales novedades de la Nueva Ley Concursal", Ashurst, Madrid, 2004
  • "Study on the conditions of claims for damages in case of infringement of the EC competition rules", European Commission, Brussels, August, 2004.
  • "Principales novedades de la Ley de Arbitraje", Madrid, June, 2004.
  • "Public to Privates in Spain", Ashurst, Madrid, Abril, 2004.
  • "A guide to investing in Europe. Spain", BVCA, London, 2004.
  • "La polémica modificación de la ley de propiedad intelectual", Expansión, Madrid, April 16, 2003.
  • "Derechos audiovisuales de los partidos de fútbol", Expansión, Madrid, January 11, 2003.
  • "Nuevo Derecho de las Infraestructuras", Revista del Derecho de las Telecomunicaciones e Infraestructuras en Red (REDETI), Madrid, 2001.
  • "Móviles", REDETI, Madrid, April 2001.
  • "Liberalizaciones 2000", Fundación de Estudios de Regulación & Editorial Comares, Granada, 2000.
  • "Algunas ideas sobre las empresas de Internet y el control de las concentraciones económicas", REDETI, Madrid, October, 2000.
  • "Control de fusiones y participaciones empresariales", Expansión, August 2, 2000.

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CDDRL Hewlett Fellow 2007-2008
weitseng_web.jpg J.S.D.

Weitseng Chen, a Fulbright scholar, will receive his JSD from Yale Law School in October 2007. His recent research focuses on China's foreign direct investment and property rights transition, the economic behaviors of ethnic foreign investors in China, and a China-Taiwan comparison on their rule of law transition. Prior to his Yale education, Chen practiced law in Taiwan in diverse fields such as Internet and information technology industry, the private sector and public interest affairs, governmental reforms, and international NGO affairs.

Weitseng Chen's recent publications include "East Asian Model and Rule of Law (with Randall Peerenboom, a to be published book chapter)", "WTO: Time's Up for Chinese Banks - China's Banking Reform and Non-Performing Loans Disposal" (Chicago Journal of International Law), "State, Market, and the Law: Law and Development in Taiwan" (Chinese) (Journal of the Humanities & Social Science), and a book titled "Law and Economic Miracle: Interaction between Taiwan's Economic Development and Economic & Trade Laws after WWII." (Chinese).

Paragraphs

Despite over a century of investment in electric power systems, there are roughly 1.6 billion people who lack access to electricity service, mainly in rural areas. While there are some open questions regarding the precise cause and effect relationships between rural electrification and human welfare, it is generally considered an important social, economic, and political priority to provide electricity to all.

Rural electrification is a challenging task because it involves delivery of a service to populations that are remote and dispersed and whose consumption is low. This means it is generally more expensive while at the same time the customer base is generally poorer and less able to pay the full cost of service. Combine these factors with utilities that are often poorly managed and have limited finances, and it is often not feasible to expect extension of the grid to unserved rural populations in the near future. Such conditions are also challenging for the development of new renewable energy technology markets.

This paper discusses the role that electricity plays in the development process and its importance in rural areas; the contest between centralized and distributed solutions and their relative competitiveness; the previous experience and research on distributed generation and which business models fare successful; and broader lessons that can be extracted from the work.

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Publication Type
Working Papers
Publication Date
Journal Publisher
Program on Energy and Sustainable Development Working Paper #63
Authors
Hisham Zerriffi

Conference report

Agriculture is the human enterprise most dependent on climate and natural resources, and is thus the sector that has the most to gain or lose from short- or long-run changes in the level or variability of climate. A growing literature seeks to understand the probable effects of climate change on agriculture, and improvements in our understanding of climate dynamics and crop response has begun to reduce some of the uncertainties inherent in projecting future impacts on agriculture. Nevertheless, there has been scant research conducted on the climate impacts on various crops and agroecosystems of central importance to the global poor. Furthermore, much of the existing literature assumes that farmers will automatically adapt to climate change and thereby lessen many of its potential negative impacts, taking for granted the monumental past efforts at the collection, preservation, and utilization of plant genetic resources on which much of farmer adaptation has historically depended.

Given potentially large changes in global temperature, regional precipitation patterns, and extreme weather events, we believe it is dangerous to assume that adaptation of cultivars will happen automatically. Extensive crop breeding that relies on access to genetic resources will almost certainly be required for crop adaptation under conditions of global climate change. Furthermore, substantial knowledge and insight is needed to gauge what types of diversity now exist in the gene banks, and what will be needed in the future. Fundamental questions remain to be addressed, for example: How are regional patterns of climate expected to change in the future, and how will these changes affect agro-ecosystems around the world? There are also several strategic investment issues to consider--which traits, which crops and which regions should be central to strategic decisions on ex situ genetic conservation? What steps should be taken to conserve the genetic diversity of the important but neglected minor crops where the number of accessions is currently low? Answers to these questions will be critical for promoting food security and ensuring human survival, and to date have received little or no attention in the scientific literature or broader policy arena.

This conference will seek to answer three main questions:

1) What and where are the largest threats to agro-ecosystems under future climate change? Here we will seek to identify both the nature and the location of the largest probable threats, a topic that to date has not been systematically undertaken for certain areas of interest.

2) Taken individually and together, what do these threats imply for crop genetic diversity on a regional or global level? I.e. which traits, which crops and which regions appear central to strategic decisions on ex situ genetic conservation?

3) What is the current state of genetic conservation with respect to these threats, and what does this imply about the sequencing of future efforts at ex situ conservation focus? For example, are there a set of minor crops important to food security that are both poorly represented in the gene banks and under great threat from future climate change?

Particular attention will be paid to those crops and cropping systems on which food insecure populations currently depend, and who would be least able to adapt in the absence of concerted public action to the contrary. We expect that this effort will be the first serious attempt to link crop genetic resource conservation to climate change and variability.

» A news article on recent investments being made by the Global Crop Diversity Trust, decisions which were informed by the Bellagio meeting.

Bellagio, Italy

Conferences
Authors
Daniel C. Sneider
News Type
News
Date
Paragraphs
In April 2007, a delegation of scholars from Shorenstein APARC visited Shanghai, Hangzhou, and Beijing, fulfilling the center's mission to carry its work "into Asia." The delegation met senior officials from government and business and held wide-ranging exchanges with Chinese scholars and policymakers at leading universities and research institutions. The conversation ranged from China's development strategy to the current state of relations between China and its longtime rival and neighbor, Japan. Daniel Sneider, Shorenstein APARC's associate director for research, recalled the busy trip for FSI's regular newsletter, Encina Columns, (page 8).

Walking down a side street in Shanghai's French Concession, a partially preserved corner of that city's gloried and turbulent past, visitors come upon an ivy-covered house that served as the headquarters for the Shanghai branch of the Communist Party in the 1940s. Here the spartan quarters of Mao's second in command, Zhou Enlai, are carefully preserved, the narrow beds and wooden desks evoking a simpler, revolutionary China.

A short ride away, across the murky waters of the Huangpu River, monuments to the new China are being erected in what was farmland less than two decades ago. The Pudong New Area, with its clusters of highrise office towers and multi-story shopping malls, is emblematic of the rush to wealth and economic power that now drives China.

These were among the images from a visit to China by a delegation of scholars from the Walter H. Shorenstein Asia-Pacific Research Center from April 8-14, 2007. Though time was short, the group managed to visit Shanghai, Hangzhou, and Beijing.

Fulfilling Shorenstein APARC's mission to carry its work "into Asia," the delegation met senior officials from government and business and held wide-ranging exchanges with Chinese scholars and policymakers at leading universities and research institutions. The conversation ranged from China's development strategy to the current state of relations between China and its longtime rival and neighbor, Japan.

The delegation was led by Shorenstein APARC director and professor of sociology Gi-Wook Shin and by professor of political science Jean C. Oi, who has launched the center's new China studies program. The group included Shorenstein distinguished fellow Ambassador Michael H. Armacost, associate director for research Daniel C. Sneider, and senior program and outreach coordinator Neeley Main. In Beijing, Freeman Spogli Institute director Coit Blacker joined the delegation, as did Shorenstein APARC's Scott Rozelle.

The trip started in Shanghai, a dynamic center of finance and industry that has drawn in many Stanford graduates. State-owned enterprises such as Baosteel, one of the world's largest steel producers, are in the midst of becoming players in the global marketplace. From Baosteel's sprawling complex of docks, blast furnaces, and rolling mills along an estuary of the Yangtze River, products are now being dispatched around the world. In a meeting, the leadership of the Baosteel Group expressed an eagerness to tap into the educational and training opportunities offered at Stanford University.

Shanghai is not only the business capital but also a political center, rivaling Beijing. The Shanghai Institute for International Studies is an unofficial foreign relations arm of the Shanghai government. Shanghai Institute scholars are also players in national policy debate on many key issues facing China, such as relations with Taiwan, with Japan, and even with the Korean peninsula.

The scholars presented their views on a wide range of issues, from the preparations for the 17th Congress of the Communist Party this coming fall to emerging structures of regional integration in East Asia. Professor Xu Mingqi, who is also a senior leader of the Shanghai Academy of Social Sciences, explained that China's development strategy is shifting toward a more balanced approach. Whereas local government officials previously were pressed to meet targets for GDP growth, foreign investment, and export volume, now they must also raise employment levels, close the growing income gap, and provide social security.

Hangzhou, considered one of the most beautiful cities in China, is a two-hour drive south of Shanghai. The modern roadway passed a tableau of the suburbanization of this part of China's countryside, with multi-story brick homes mushrooming amidst the fields. The delegation arrived at Zhejiang University, considered among the best of China's provincial higher educational institutions and growing rapidly in size and scope.

The Shorenstein APARC delegation met with faculty members from Zhejiang's social science departments, who briefed the delegation on their research work in areas such as distance education, international relations, Chinese history, even a school of Korean studies. Zhejiang is also the site of a new research institution, the Zhejiang Institute for Innovation (ZII), founded by Stanford engineering graduate Min Zhu, a Silicon Valley entrepreneur who is determined to bring the lessons of Stanford and the valley to his home province and his undergraduate alma mater. ZII aims to foster applied research that can tie the university to the vibrant entrepreneurial culture of Zhejiang province. Shorenstein APARC researchers may soon be carrying out fieldwork in this laboratory of change, based at ZII.

Beijing, however, is still the place that matters most in China, not only in the realm of government but also when it comes to academic scholarship. The delegation met with two of Shorenstein APARC's longtime corporate affiliates in China: PetroChina, the state-owned oil and gas giant, and the People's Bank of China. Shorenstein APARC dined with a lively group of Chinese journalists, organized by former Stanford Knight fellow Hu Shuli, the editor of Caijing Magazine, considered China's leading independent business publication.

The substantive task was to forge new ties with key research institutions. The current state of China's development strategy was again on the agenda when the delegation met with senior officials from the National Development and Reform Commission (NDRC), formerly China's State Planning Commission. Alongside the NDRC, the delegation met as well with the leadership of an offshoot of China's State Council, the China Development Research Foundation, which is doing important work in promoting good governance in areas such as poverty alleviation, nutrition, and budgeting. Those conversations were echoed later in our meetings with scholars from Peking University's School of Government.

Shorenstein APARC's own China program, as Oi explained, is focused on understanding the tensions that arise as China grapples with the consequences of its rapid economic development. Out of the meetings in Beijing, an ongoing dialogue has begun, to be advanced this summer with a visit from a NDRC delegation and in the fall with an international conference at Stanford on China's Growing Pains.

The delegation also engaged in frank and useful exchanges on a variety of international relations issues. We had an extended meeting with scholars and leaders of the China Reform Forum (CRF), a think-tank associated with the Communist Party's Central Party School, the premier institution for training party leaders and officials. The CRF is credited with authoring important concepts such as the foreign policy doctrine of China's "Peaceful Rise." These discussions were followed by a visit and exchange with scholars from Peking University's widely respected School of International Studies.

The scholars shared analysis of the current state of the North Korean nuclear negotiations, as well as evaluating the outcome of Chinese Premier Wen Jibao's visit that week to Japan. Over dinner with CRF Vice Chairman Ding Kuisong, the conversation turned to the American presidential politics and the future direction of U.S. foreign policy.

Professors Blacker, Shin, and Oi also met with senior officials of Peking University, as part of an ongoing dialogue about cooperation between these two premier institutions of higher education.

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The current boom of investment arbitration under NAFTA as well as ICSID and other arbitral regimes has demonstrated that the enforcement of treaty obligations has become a standard feature of international law in this particular field of international economic law. The increased probability of actual enforcement of international standards of investment protection is generally welcomed in a system, such as the international legal order, which normally suffers from rather weak enforcement structures. At the same time, the proliferation of investment dispute settlement mechanisms bears its own risks. The concurrent availability of different investment dispute settlement mechanisms may lead to parallel proceedings or to the re-litigation of already decided cases. The CME/Lauder v. Czech Republic arbitrations where the same dispute was arbitrated under two different bilateral investment agreements and the CMS v. Argentina and the LG&E v. Argentina cases where similar issues were addressed demonstrate the inherent danger of a multiplication of procedures if the answers found by different tribunals are contradictory. The proliferation of investment disputes has broader structural implications which need to be addressed in order to secure the viability of this system of international arbitration.

August Reinisch is professor of public international law and European law at the University of Vienna. From 2004 to 2006 he served as Dean for International Relations of the Law School of the University of Vienna. He is also a professional lecturer at the Bologna Center/SAIS of Johns Hopkins University. He currently serves as arbitrator on the In Rem Restitution Panel according to the Austrian General Settlement Fund Law 2001 and as president of an UNCITRAL investment arbitration.

He holds Master's degrees in philosophy (1990) and in law (1988) as well as a doctorate in law (1991) from the University of Vienna and an LL.M. (1989) from NYU Law School. He is admitted to the Bar of New York and Connecticut (since 1990).

Encina Ground Floor Conference Room

August Reinisch Speaker University of Vienna School of Law, Section Program on International Investment Law in International Arbitral Practice
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