Economic Affairs

In recent years, we have witnessed a worldwide trend of "democratic depression" in both young and established democracies, where the backsliding from democracy is facilitated by various forces such as populism, nationalism, partisan polarization, and post-truth. Korea is no exception. While the signs of democratic decline are subtle and disguised under the rule of law, they are producing piecemeal erosions of liberal democracy and pluralism in many corners of the Korean society. As a timely warning against the gradual decline of democratic norms and values, this 3-part conference seeks to examine the forces that endanger the Korean democracy and aims to offer some concrete policy prescriptions to remedy the existing and growing signs of democratic decline.

Topics Discussed:

Day 1: November 12, 2020 (4PM-7PM)

  • Political culture and polarization: Pitfall of political over-participation or “street-democracy"
  • Underdevelopment of party politics: Factionalism, weak institutionalization, and poor appreciation
  • Erosion in balance of power: Courts losing legitimacy and respect with politicization
  • Uses and misuses of nationalism in politics

Day 2: November 13, 2020 (4PM-6PM)

  • Two divergences in South Korea’s Economy: Regional and generational disparities
  • Challenges of post-truth: Politicization and polarization of the press, social media, disinformation
  • Education and its impact on civic value and generational gap

Day 3: November 19, 2020 (4PM-6:15PM)

  • Politicization of civil society: Losing function as watchdog of power, former democratic activists becoming new authoritarian leaders
  • How the rise of populist regime affects foreign policy
  • Korean democracy in comparative perspectives

The conference papers will be published as an edited volume.

Via Zoom

Conferences
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This is a virtual event. Please click here to register and generate a link to the talk. 
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Most people attribute the Belt and Road Initiative (BRI) to Beijing’s imperialist ambitions. In her talk, Professor Min Ye will go beyond top-level rhetoric, however, and investigate BRI’s origins, its implementation, and its on-the-ground effects inside China. She will unpack different local governments' approaches to the BRI by discussing how subnational entities have leveraged Beijing’s grand strategy and how the implementation of projects and programs related to the BRI facilitate local economic agendas. China’s local developmentalism, which has undergirded not only the BRI but also other national-level strategies (like the Western Development Program and China Goes Global policy), has propelled the Chinese economy from a middle power in 1998 to a superpower in 2018. The talk will conclude with a discussion of COVID-19’s impact on China’s BRI as well as preliminary findings from Professor Ye’s current research into other state-mobilized development initiatives in China.
 

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Portrait of Professor Min Ye
Min Ye is an Associate Professor at the Pardee School of Global Studies, Boston University. Her research lies in the nexus between domestic and global politics and economics and security, focusing on China, India, and regional relations. Her publications include The Belt, Road, and Beyond: State-Mobilized Globalization in China 1998 -- 2018 (Cambridge University Press, 2020), Diasporas and Foreign Direct Investment in China and India (Cambridge University Press, 2014), and The Making of Northeast Asia (with Kent Calder, Stanford University Press, 2010). She has received a Smith Richardson Foundation grant (2016-2018), the East Asia Peace, Prosperity, and Governance Fellowship (2013), Princeton-Harvard China and the World Program post-doctoral fellowship (2009-2010), and Millennium Education Scholarship in Japan (2006). In 2014-2016, Min Ye was an NCUSCR Public Intellectual Program fellow. Ye is currently the 2020 Rosenberg Scholar of East Asian Studies at Suffolk University.

Via Zoom Webinar. Register at: https://bit.ly/3kJlhM9

Min Ye Associate Professor, Pardee School of Global Studies, Boston University
Seminars
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This event will take place on Zoom. Registration is required: http://bit.ly/Invisible_China

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Book cover for "Invisible China: How the Urban-Rural Divide Threatens China's Rise" and a quote from Scott Rozelle, "The entire population of 800 million people has become almost fully invisible over the past decades..."

As the glittering skyline in Shanghai seemingly attests, China has quickly transformed itself from a place of stark poverty into a modern, urban, technologically savvy economic powerhouse. But as FSI Senior Fellow Scott Rozelle and Natalie Hell show in their new book Invisible China, the truth is much more complicated and might be a serious cause for concern.

Drawing on extensive surveys on the ground in China, Rozelle and Hell reveal that while China may be the second-largest economy in the world, its labor force has one of the lowest levels of education of any comparable country. The low levels of basic education of such a large share of workers may leave many unable to find work in the formal workplace as China’s economy changes and manufacturing jobs move elsewhere.

In this book talk event, Rozelle, who is also the director of FSI’s Rural Education Action Program, will be joined by Hongbin Li, a senior fellow at the Stanford Institute for Economic Policy Research and director of the China Program at the Stanford King Center on Global Development, who will moderate a discussion about the major themes of the book. A question and answer session with the audience will follow the discussion.


 

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Scott Rozelle holds the Helen Farnsworth Endowed Professorship at Stanford University and is Senior Fellow in the Food Security and Environment Program and the Shorenstein Asia-Pacific Research Center, Freeman Spogli Institute (FSI) for International Studies. For the past 30 years, he has worked on the economics of poverty reduction. Currently, his work on poverty has its full focus on human capital, including issues of rural health, nutrition and education. For the past 20 year, Rozelle has been the chair of the International Advisory Board of the Center for Chinese Agricultural Policy, Chinese Academy of Sciences (CAS). In recent years Rozelle spends most of his time co-directing the Rural Education Action Project (REAP). In recognition of this work, Dr. Rozelle has received numerous honors and awards. Among them, he became a Yangtse Scholar (Changjiang Xuezhe) in Renmin University of China in 2008. In 2008 he also was awarded the Friendship Award by Premiere Wen Jiabao, the highest honor that can be bestowed on a foreigner. 

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hongbin li headshot

 

Hongbin Li is the James Liang Director of the China Program at the Stanford King Center on Global Development, and a Senior Fellow of Stanford Institute for Economic Policy Research (SIEPR). Hongbin’s research has been focused on the transition and development of the Chinese economy, and the evidence-based research results have been both widely covered by media outlets and well read by policy makers around the world. He is currently the co-editor of the Journal of Comparative Economics.

 

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Yuen Yuen Ang, a former postdoctoral student of China Program Director Jean Oi, has been awarded the Theda Skocpol Prize by the American Political Science Association in recognition of her “impactful empirical, theoretical and/or methodological contributions to the study of comparative politics.” The prize recognizes emerging academics up to ten years post-PhD for scholarly excellence in political science. Ang is a Stanford Ph.D. alumna and current associate professor of political science at the University of Michigan.

Her research examines how governments and governing organizations react to radical uncertainty and novel problems. She posits that such disruptions are an endemic condition of the twenty-first century, and that examining the political economies of adapting, or failing to adapt, to rapidly changing realities is a key to understanding current geopolitics.

At the center of Ang’s work is the study of China’s rise as a global superpower, which she characterizes as one of the greatest disruptions of the contemporary world. In her highly acclaimed and award-winning book, How China Escaped the Poverty Trap (2016), Ang challenges the conventional linear models of the political economy of development by applying the principles of complexity and system thinking to offer a new explanation of how China transformed itself from an impoverished planned economy into the world’s second-largest GDP.

Ang’s current work into debunking the myths surrounding the U.S.-China tech race, the misunderstanding of nuances of the Belt and Road Initiative, and the debates swirling around China’s handling of the COVID-19 pandemic continues to build on her record of excellent and innovative scholarship.

A big congratulations to Yuen Yuen for her latest recognition and ongoing contributions to the field of contemporary Asis studies!

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(Left) Yuen Yuen Ang; (Right) Congratulations Yuen Yuen Ang, Winner of the Theda Skocpol Prize from the American Political Science Association
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Former China Program postdoc and Stanford Ph.D alumna Yuen Yuen Ang has received the Theda Skocpol Prize for Emerging Scholars from the American Political Science Association for her scholarship on China’s transformation into a global superpower.

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Please register at www.eai-aparc-seminar.or.kr on the day of the event.

A panel of experts in international relations and commerce will discuss challenges facing South Korea and the country's strategy in light of the current tensions between the U.S. and China. This event is co-sponsored by East Asia Institute in Korea.

Panelists:

David Kang, Maria Crutcher Professor in International Relations; Professor of Business, and East Asia Languages and Cultures; Director of Korean Studies Institute, USC

Seungjoo Lee, Professor of Political Science and International Relations, Chung-Ang University, Korea

Charles Freeman, Senior Vice President for Asia, U.S. Chamber of Commerce

Taeho Bark, President, Lee&Ko Global Commerce Institute; former Minister of Trade, Korea

Discussants:

Yong Suk Lee, Deputy Director of the Korea Program, Shorestein APARC; SK Center Fellow, FSI,  Stanford University

Seong-Ho Sheen, Professor of International Security, Graduate School of International Studies, Seoul National University, Korea

Moderators:

Gi-Wook Shin, Director of APARC; Senior Fellow, FSI; William J. Perry Professor of Contemporary Korea; Professor of Sociology, Stanford University

Yul Sohn, President, East Asia Institute; Professor, Graduate School of International Studies, Yonsei University, Korea

Watch the recorded event at https://youtu.be/Hoz0cXtQfR4.

Live stream: Register at www.eai-aparc-seminar.or.kr on the day of the event.

Panel Discussions
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Arvind Krishnamurthy
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PhD students awarded Arvind Krishnamurthy, the John S. Osterweis Professor of Finance, the PhD Faculty Distinguished Service Award during a virtual ceremony.

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Ran Abramitzky
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Professor of economics Ran Abramitzky has been named the new senior associate dean of the social sciences in the School of Humanities and Sciences. He will begin his term on September 1, 2020.

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The European Union has passed a stimulus plan of more than $850 billion dollars to bring its economy back on track after the coronavirus pandemic ushered in staggering unemployment rates.

The plan highlights unprecedented actions to bring financial stability to those within the EU that have been most affected.

For more, KCBS Radio was joined by Christophe Crombez, Political Economist and Senior Research Scholar at Stanford University.

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Christophe Crombez
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Jean C. Oi
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Industries all over the world are grappling with new protocols and adaptations needed to safely reopen amongst changes the COVID-19 pandemic has wrought on the global economy. Nowhere have these changes been more apparent than in China, the original epicenter of the pandemic. Now, China is one of the countries leading the way in reopening its national economy.

To explore how business leaders and entrepreneurs in China responded to the lockdown and how they’re planning for the future, the China Program conducted a survey in coordination with the Stanford Center at Peking University and Stanford Business School alumni Christopher Thomas and Xue (Xander) Wu. Though taken from a small sample, the results are one of the best samples to date of how businesses in China are responding to the uncertain geopolitical environment the pandemic and current U.S.-China relations are creating.

High-tech firms and firms with a digital presence or the ability to quickly adapt to a digital environment have faired the best, as might be expected. Less expected are the indications that many of the business leaders surveyed are planning for some degree of 'decoupling' or economic separation from U.S.-based suppliers and markets. Both the pandemic and fluctuating U.S.-China relations have made access to global technologies uncertain and both factors are accelerating desires to create localized supply chains. While the long-term implications of these findings are still unknown, the survey provides a valuable snapshot of the current economic landscape within China. 

Read an excerpt from the article below, and find the full article at The Diplomat. A Chinese language version is available on Caixin.

[Subscribe to our newsletters to always get the latest research from APARC.]


From, "After COVID-19: Rebooting Business in China"

China was the first country to experience the ravages of COVID-19, having lost 4,634 people to the pandemic with 83,565 confirmed cases to date. Draconian measures were used to bend the curve and essentially stop the spread of the disease, although reports indicate that recently new cases have emerged, including those stemming from a Beijing market. For the most part, however, China has loosened restrictions and re-opened large parts of its economy. Individuals scan government-mandated QR health codes with their smartphones, and daily life has been restored to some sense of normalcy with restaurants serving customers and retail shops open to shoppers.

In this pivotal and important time, with streams of foreign policy arguments and opinion pieces sharply analyzing current U.S.-China geopolitical tensions continuing to pour forth, we at the Stanford China Program wanted to take stock of how businesses and the overall economy are coping as China tries to reopen its businesses and reboot its economy. Toward this effort, we conducted a collaborative survey of 135 senior executives in China from May 13-26. The survey was designed to help us better comprehend the variation in how Chinese businesses are reopening as well as how Chinese business leaders are viewing their prospects for the future. The research findings, based on one of the largest surveys to date of senior executives in China, helped us explore the following types of questions: What kinds of businesses have done better and what kinds have done worse? What role has the government played in economic assistance and business reopening? And how do China’s business leaders view the deterioration in U.S.-China relations, the possibility of decoupling, and even future access to technology?


Read the full article at The Diplomat.

Watch the panel discussion on the survey led by Jean Oi, Christopher Thomas, and Xue (Xander) Wu with Alvin Shiqi Wang (王世琪), Xiang Wang (王翔), Simon Yang (杨士宁), and Zhiqiang (ZZ) Zhang (张志强).

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The survey reveals mixed progress in reopening different sectors of China's economy, but also shows that many business leaders in China are planning for some level of decoupling as access to global technology and supply chains remains uncertain.

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APARC is pleased to share that Stanford alumnae Shiran Victoria Shen and Lizhi Liu have won prestigious awards for best dissertation in their fields. Both Shen and Liu earned their doctoral degrees in Political Science in 2018 and worked with Jean Oi, director of the China Program at APARC, during their tenure as doctoral students.

Shen, who is currently an assistant professor at the University of Virginia, has won the 2020 Harold D. Lasswell Award for her dissertation The Political Pollution Cycle: An Inconvenient Truth and How To Break It. The award is given annually by the American Political Science Association for “the best doctoral dissertation in the field of public policy.” Using a wide array of data, techniques, and research designs, Shen’s work explains how environmental change influences and is shaped by politics and policy. It centers on the critical case of air pollution control policies and uses China as a natural experiment.

Liu, whose doctoral research focuses on the political economy of e-commerce in China, has won the 2020 Ronald H. Coase Best Dissertation Award from the Society for Institutional and Organizational Economics. Her study proposes that China has devised a novel solution, that is, institutional outsourcing, to the central question of how developing states build market-supporting institutions. She is currently an assistant professor in the McDonough School of Business and a faculty affiliate of the Department of Government at Georgetown University.

Congratulations, Shiran and Lizhi, on your excellent work and prestigious awards!

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Shiran Shen (left) and Lizhi Liu (right)
Shiran Shen (left) and Lizhi Liu (right).
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Interdisciplinary environmental scholar Shiran Victoria Shen is the recipient of the Harold D. Lasswell Award and political economist Lizhi Liu is the recipient of the Ronald H. Coase Award in recognition of their outstanding doctoral dissertations.

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