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In an emerging economy like China's, institutions are not yet institutions. They are often the playthings of politics and bureaucratic rivalries. China's banking system is a case in point. Since 1949, banks have bounced around China's institutional landscape as the government tried out first one then another banking model. This mattered little to the outside world until the last decade when reform brought banks to the international capital markets in search of massive amounts of new capital. This did not, however, stop institutional in-fighting. It spread so that today the domestic struggle over bank roles, responsibilities and ownership has expanded to involve international markets, investors, regulators and the reputations of market professionals at a growing cost to the Chinese government and to the banks themselves. Carl Walter, managing director at JPMorgan China, will offer insight into China's banking system at a public seminar on November 1, 2010, part of the China in the World series co-sponsored by the Stanford China Program and the Center for East Asian Studies.
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The speaker says that restoration of Cheonggye stream in downtown Seoul is arguably the most prestigious and controversial construction project in Korea today. Since its reopening in 2005 after having been buried for half a century, the stream site has become an important leisure place for the urban populace. It has also become an icon of greener Seoul in it’s quest for a global city status. In the meantime, the stream project also actively mobilized the discourses of national identity restoration, heritage and "people."  This talk is about the ideology and the representation of Cheonggye stream. It will focus on how the stream project seeks to revive a sense of the shared past as a galvanizing force in what is after all divisive transformations in the new urban economy of contemporary Korea. The speaker aims to show how the stream restoration represents an important shift in the mode of governing the urban population.

Dr. Hong Kal is Associate Professor of Art History at the department of Visual Arts, York University.  Her research explores the politics of a visual spectacle in twentieth-century Korea.  She is the author of Aesthetic Constructions of Korean Nationalism (Routledge, forthcoming).  She was a postdoctoral research fellow at the Asia-Pacific Research Center in 2003-2005.

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Hong Kal Associate Professor, Asian Art History, York University Speaker
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PESD Director Frank Wolak will be participating in the Singapore Electricity Roundtable 2010 hosted by Energy Market Company (EMC) as the keynote speaker, covering the challenges in developing regional electricity markets, as well as sit as an industry panelist.

 

EMC is gathering leading practitioners and thinkers in the electricity industry for this event, which is dedicated to connecting influencers, decision makers, potential investors and experts in the electricity and related industries. Senior executives and decision makers from the energy, electricity and related industries in Singapore and across the region look forward to this valuable opportunity to meet one another and discuss the challenges and issues of importance to the electricity industry in Asia Pacific and globally.

Topics this year will range from challenges of developing regional electricity markets and insight into the impact of pricing CO2 into electricity trading to smart metering and electricity derivatives markets plus updates on Thailand, China and the NEMS. Our much-anticipated panel discussion will cover Singapore's Economic Strategies Committee's (ESC) recommendations and implications for the power industry.

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PESD Director Frank Wolak will be participating in the Singapore Electricity Roundtable 2010 hosted by Energy Market Company (EMC) as the keynote speaker -on the challenges in developing regional electricity markets, as well as an industry panelist.

 


EMC is gathering leading practitioners and thinkers in the electricity industry for this event, which is dedicated to connecting influencers, decision makers, potential investors and experts in the electricity and related industries. Senior executives and decision makers from the energy, electricity and related industries in Singapore and across the region look forward to this valuable opportunity to meet one another and discuss the challenges and issues of importance to the electricity industry in Asia Pacific and globally.

Topics this year will range from challenges of developing regional electricity markets and insight into the impact of pricing CO2 into electricity trading to smart metering and electricity derivatives markets plus updates on Thailand, China and the NEMS. Our much-anticipated panel discussion will cover Singapore's Economic Strategies Committee's (ESC) recommendations and implications for the power industry.

Suntec Singapore International Convention Centre, Ballroom 1

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

Website: https://fawolak.org/

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

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PESD Director Frank Wolak spoke at the 3-day City Leader Program event on Thursday, September 9th which gathered 50 cities' mayors from China.  Frank Wolak presented on the topic of Visionary & Executive Leadership: Investment Management & Decision Making for Future Economic Development with a presentation titled "Managing an Increasing Renewable Generation Share Through Active Demand-Side Participation".

This year's event was hosted in collaboration with Cisco and held on Stanford campus.

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The Stanford China Program, in cooperation with the Center for East Asian Studies, will host a special series of seminars to examine China as a major political and economic actor on the world stage.  Over the course of the autumn and winter terms, leading scholars will examine China actions and policies in the new global political economy.  What is China's role in global governance?  What is the state of China's relations with its Asian neighbors?  Is China being more assertive both diplomatically as well as militarily?  Are economic interests shaping its foreign policies?  What role does China play amidst international conflicts? 

Seiichiro Takagi is a professor at the School of International Politics, Economics and Communication at the Aoyama Gakuin University in Tokyo, Japan and a Senior Visiting Fellow of the Japan Institute of International Affairs. He specializes in Chinese foreign relations and security issues in the Asia-Pacific region. Previously, he was the director of the Second Research Department, which was responsible for area studies, at the National Institute for Defense Studies in Tokyo. He also served on the Graduate School of Policy Science of Saitama University (which became the National Graduate Institute of Policy Studies) for over 20 years, and has been a guest scholar at The Brookings Institution and Beijing University. He serves on the Board of Directors of the Japan Association for International Security, and is a member of several other organizations, including the Japanese Committee, Council for Security Cooperation in Asia-Pacific (CSCAP); the Japan Association for International Relations; and the Japan Political Science Association. His recent publications in English include China Watching: Perspectives from Europe, Japan and the United States, 2007 and in Japanese The U.S.-China Relations: Structure and Dynamics in the Post-Cold War Era, 2007.. He earned a B.A. in international relations from the University of Tokyo, Japan, and an M.A. and Ph.D. from Stanford University, California.

This event is part of the China and the World series.

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Seiichiro Takagi Professor Speaker School of International Politics, Economics, and Business, Aoyama Gakuin University, Tokyo
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In an emerging economy like China's, institutions are not yet institutions. They are often the playthings of politics and bureaucratic rivalries. China's banking system is a case in point.  Since 1949, banks have bounced around China's institutional landscape as the government tried out first one then another banking model.  This mattered little to the outside world until the last decade when reform brought banks to the international capital markets in search of massive amounts of new capital.  This did not, however, stop institutional in-fighting.  It spread so that today the domestic struggle over bank roles, responsibilities and ownership has expanded to involve international markets, investors, regulators and the reputations of market professionals at a growing cost to the Chinese government and to the banks themselves.

Carl Walter brings to JPMorgan over 20 years of professional experience in a number of senior banking positions across Asia and primarily in China.  Currently Mr. Walter is Managing Director, JPMorgan China.

Prior to joining JPMorgan, Mr. Walter was a Managing Director and a member of the Management Committee at China International Capital Corporation ("CICC"), a joint venture of Morgan Stanley and China Construction Bank. He played a key role in the execution of CICC's international and domestic equity and fixed income transactions. 

While at Credit Suisse First Boston Mr. Walter was responsible for organizing the firm's China investment banking team and established its Beijing Representative Office in 1993 serving as Chief Representative. During this time, he was involved in a number of significant equity and debt offerings. 

A fluent Mandarin speaker, Mr. Walter received an MA in economics at Beijing University in 1979-80 supported by a grant from National Academy of Science. He received his PhD in Political Science from Stanford University in 1981 and earned his BA from Princeton University. He is also the author of "Privatizing China: Inside China's Stock Markets" which has been published in a Chinese edition "Minyinghua zai Zhongguo".

This event is part of the China and the World series.

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Carl Walter Managing Director Speaker JPMorgan China
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Wolak spoke at the 3-day City Leader Program event on Thursday, September 9th which gathered 50 cities' mayors from China.  Frank Wolak presented on the topic of Visionary & Executive Leadership: Investment Management & Decision Making for Future Economic Development with a presentation titled "Managing an Increasing Renewable Generation Share Through Active Demand-Side Participation".

This year's event was hosted in collaboration with Cisco and held on Stanford campus.

The Jerry Yang and Akiko Yamazaki Environment and Energy Building

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

Website: https://fawolak.org/

(650) 724-1712 (650) 724-1717
0
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.

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"North Korea is a real country with real people getting on with their lives," said John Everard, former British ambassador to North Korea, to a full-house audience at a Korean Studies Program (KSP) lunchtime seminar on October 8, 2010. In his introduction of Everard, David Straub, KSP's associate director, noted the lack of reliable information about North Korea. Official government information is limited and everyday life is perhaps even less understood. Everard, who served in North Korea from 2006-2008, offered a firsthand perspective of ordinary people living inside North Korea, giving a very human dimension to a country often regarded only as a closed military state.

The darker side of life in North Korea is poverty, which is more acute now than in earlier decades. Everard stated that North Korea was ahead of South Korea economically until the 1970s and that the universal healthcare system put in place by Kim Il-sung was initially effective. The World Health Organization now provides most medical care in North Korea. Agriculture, once mechanized, has largely reverted to animal power and hunger, though not at famine level as it was in the 1990s, is still a major issue.

Leisure and social time also play a part of life in North Korea. People in Pyongyang frequent coffee shops and throughout the country neighbors gather for lively games of chess. Everard explained that daily activities like talking with family and friends are just as much a part of life in North Korea as they are in other parts of the world.

A bigger difference in North Korean society is the degree to which piety to the leading regime and service to the government is significantly integrated into life. Newly married couples, for example, will wear badges bearing images of Kim Il-sung pinned to their formal wedding clothes and lay flowers before a statue of the deceased leader. More than such customs though, Everard noted, North Korea's military service requirement has the biggest impact on people. Not only is the duration of eight to ten years significantly longer than the required one to two years of most countries, military life is also very strenuous.

Social attitudes in North Korea are changing, as are attitudes toward the outside world. Employees from North Korea now work for South Korean companies within the successful Kaesong Industrial Zone, which opened in 2004. Foreign goods, such as clothing, have also made their way into North Korea. People, suggested Everard, are beginning to modestly aspire to own more material possessions, like bicycles, and to learn more about the customs and cultures of other parts of the world.

Everard spoke about North Korea's relations with other countries. China has a natural interest in the stability of North Korea-its neighbor to the northeast-for its own welfare and it therefore supports it economically and politically. Despite a large Russian Federation embassy in Pyongyang, relations with Russia are not as strong as they were with the old Soviet Union, Everard said. Although the United States is officially regarded as an aggressor and an enemy, most people Everard met with did not express animosity toward Americans. "There is an openness toward warm relations with Americans if political relations improve," he said.

Everard described the curiosity expressed by North Koreans who asked him about life in the United States-about everything ranging from music to social conditions. Audience members-from the United States, China, Japan, South Korea, and numerous other countries-asked him an equally broad range of questions, demonstrating that perhaps there is an equal amount of curiosity and willingness to connect both inside and outside of North Korea.


John Everard is KSP's 2010-2011 Pantech Fellow. The David Straub, generously funded by the Pantech Group of Korea, are intended to cultivate a diverse international community of scholars and professionals committed to and capable of grappling with challenges posed by developments in Korea.

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Young orphan girl, Tanchon April 2008
John Everard, 2010-2011 Pantech Fellow
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Between 1958 and 1962, China descended into hell." So opens Mao's Great Famine: A History of China's Most Devastating Catastrophe, Frank Dikötter's riveting and magnificently detailed chronicle of the Great Leap Forward. Using previously restricted archives, historian Dikötter reveals that under this initiative the country became the site not only of one of the most deadly mass killings of human history (at least 45 million people were worked, starved or beaten to death) but also the greatest demolition of real estate - and catastrophe for the natural environment - in human history, as up to a third of all housing was turned to rubble and the land savaged in the maniacal pursuit of steel and other industrial accomplishments. Piecing together both the vicious machinations in the corridors of power and the everyday experiences of ordinary people, Dikötter at last gives voice to the dead and disenfranchised.

Frank Dikötter is Chair Professor of Humanities at the University of Hong Kong and Professor of the Modern History of China on leave from the School of Oriental and African Studies, University of London. He has published nine books on  modern China, from the classic The Discourse of Race in Modern China(1992) to China before Mao: The Age of Openness (2007). 

**Books will be available for purchase during this event.**

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Frank Dikotter Professor of the Modern History of China Speaker School of Oriental and African Studies, University of London
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