After the end of the bubble economy in Japan in the early 1990s, policymakers legislated an ambitious program to reform corporate governance, finance, and education. One aim was to improve the climate for fostering successful start-ups.

The Stanford Program on Regions of Innovation and Entrepreneurship's spring seminar series will focus on the efficacy of these reforms and ask the question: Is a new habitat for entrepreneurship and innovation being created in Japan?

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About the talk
SPRIE's spring seminar series on the emerging environment for entrepreneurship in Japan has examined the state of venture capital (Michael Korver), changes in corporate governance (Robert Eberhart), and the division within Japanese society on the future of the Japanese economy (Yoko Ishikura).

Now, to conclude the series, Brian Nelson will provide his views on the outlook for Japanese startups--a unique perspective from the (non-Japanese) CEO of a Japanese Internet sales and marketing company.

About the speaker
As CEO of ValueCommerce, Brian Nelson negotiated and completed a TOB (Tender Offer Bid) with YAHOO! Japan in 2005. In 2006, he led ValueCommerce to a successful IPO resulting in a market capitalization of more than $300 million.

Prior to ValueCommerce, Nelson was Director of Sales and Marketing for the Gallup Organization in Japan. He also worked in Business Development with a non-life insurer, Tokyo Marine and Fire Insurance, and as a sales executive for Ashisuto, a Japan computer software company. Nelson has a degree in business administration from the University of Southern California. He has been a resident of Japan since 1990 and is a fluent Japanese speaker.

Philippines Conference Room

Brian Nelson CEO Speaker ValueCommerce
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About the talk
Japan is at a critical turning point in 2008, with two opposing groups and views. One is the view that Japan, with its current social, political and economic system, will have difficulty renewing itself, while the other view is that the past success formula of a closed corporate innovation system supported by engineers and "hardware driven" technology is still viable.

With the accelerating pace of globalization and ICT, what will become of Japan, its private sector and public sector? Will its once-leading clean and green technologies survive and make an impact on the resolution of global issues? What are the potential areas for collaboration with the innovative and dynamic Silicon Valley?

About the speaker
As professor of business strategy and innovation at the Graduate School of International Corporate Strategy at Hitotsubashi University, Dr. Yoko Ishikura teaches the Competitiveness and Problem Solving courses, is responsible for the Executive Opinion Survey in Japan for the Global Competitiveness Report of the World Economic Forum, and is a member of the Council for Science & Technology Policy at the Japanese Cabinet Office.

She was a board member of Japan Post and Vodafone KK and is currently a member of the board at Mitsui OSK Lines and the advisory board of All Nippon Airways and is a frequent speaker/moderator at various international forums and seminars, including the Global Innovation Ecosystem Conference, the World Economic Forum and the World Knowledge Forum, among others.

She received an MBA from the Darden School, University of Virginia and DBA from Harvard Business School. She worked at McKinsey Inc. Japan in the late 1980s. Her “Act Globally, Think Locally” was one of the breakthrough ideas for 2007 in the Harvard Business Review.

Skilling Auditorium

Yoko Ishikura Professor Speaker Hitotsubashi University
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Hans Blix, the U.N.'s chief weapons inspector from 2000-03, led the inspections in Iraq prior to the U.S. invasion. On the five-year anniversary of the invasion, Dr. Blix spoke with Rebecca Tuhus-Dubrow, associate editor of Boston Review Books, about what makes a good diplomat, the Iraq inspections, and his new book from Boston Review Books calling for new, global disarmament efforts. He will discuss his book, Why Nuclear Disarmament Matters, at a special Program on Global Justice workshop Friday, April 4.

How did you get involved in diplomacy and inspection work?

I had originally intended to become a professor. I took a PhD at Cambridge and I also studied at Columbia University for two years. Then as I got back to Stockholm and did some teaching, I was asked to come in as a consultant to the Foreign Ministry, and gradually I got gobbled up by the ministry.

Can you describe the experience of doing inspections in Iraq?

My job was mainly to make sure that our inspectors had all their rights to do what they needed to do, that they were not stopped. Remember that in the '90s, Iraq frequently stopped inspectors and we suspected that they had something to hide. But in 2002-2003, we were never stopped for any inspection, not even the so-called palaces of Saddam Hussein. I thought that in the '90s sometimes the inspectors from New York had been a bit too Rambo-like, and of course inspectors from the teams often had people from the intelligence side, both from the U.S. and the U.K. We were determined to be completely independent. And I think we were. We were in nobody's pocket.

There were moments which were thrilling. At one point our inspectors found some munitions which had been for chemical weapons. There was no chemical in them, but they had not been declared. For a moment we thought maybe this is the tip of an iceberg, but gradually came to the conclusion that it was floes from an iceberg that had been there.

Preemption is where you see an attack coming, where an attack is imminent... You can take action when the airplanes or the missiles are approaching your territory. Another matter, however, is to attack a foreign country saying that we suspect that they will attack us.

From the beginning, like most people, our gut feelings were that there were weapons of mass destruction, although when we were asked about it we said, we are not here to tell you gut feelings, but to inspect. But as we inspected more and more cases, and did not find any weapons of mass destruction, the gut feeling changed, naturally.

There's a sad feeling about the whole thing that we were not able to have a greater impact. I was sometimes told, or it was assumed, that my phone had been bugged. And my reflection on that is simply that I wish that they had listened better to what I had to say.

There were also things that were amusing.

Do you have any amusing anecdotes you want to share?

Well, I remember that before we were admitted, Kofi Annan tried to bring me into discussions with Iraqis in the spring of 2002, and the Iraqis would have nothing to do with me, because they were negative to inspections, and they called me a spy. Before that they said I was a nonentity. Eventually when they accepted inspection, I was addressed as Your Excellency. So I thought when I became a spy I'd at least been promoted from a nonentity, and then when I was addressed as Your Excellency I'd really arrived.

What do you think is the key to being an effective diplomat?

You have to know your mandate first. In our case that was set by the resolutions, 1284 and 1441. As a lawyer I knew them very well. Our role was to inspect and report to the Security Council. We were not there to tell the Council what it should do. We were, as it were, the police investigation and they were the judges.

The second is that you must know your dossier. The facts. We spent lots of time going through what had happened in the '90s.

The third point I think is to exercise critical thinking, as police investigations do. They have a hypothesis, but you must collect and examine all the evidence. If you do not have the right diagnosis, how can [the] Security Council find the right therapy? This was the error, the big error, in the U.S. and the U.K. They did not have critical minds. They came, and they relied far too much on defectors. And the defectors were not interested in inspection, they were interested in invasion.

It also has to do something with--this is the fourth point--how inspectors behave. As I said I thought sometimes in the '90s the animosity and difficulty that they had in Iraq was due to the conduct of the inspectors--Rambo-style. I said when I took over that we intended to use all the rights that we had under the Security Council resolutions, but we were not there in order to provoke or harass or humiliate the Iraqis. When you ask what is important in diplomacy, I think that one of the most important things is always to avoid humiliation.

You say in your book that the climate for arms control has deteriorated, even as international cooperation has increased in some other areas like health and the environment. Why do you think that is?

The interdependence that results from more communication and transport and increased trade forces the world into a great deal of agreements, because it wouldn't function otherwise. SARS or avian flu or what have you--all this requires cooperation. The body of international law has increased tremendously, and most of it functions without any courts or any threats of sanctions.

We also have basic rules about how states conduct against each other, like diplomatic relations and the interpretation of treaties and consular relations, but also, nowadays, on the use of force. And that's an area, as I say in my book, where law is much less reliable. It's relatively new. Such rules did not exist before the U.N. Charter. The League of Nations did not prohibit states to go to war. It obliged them to try first with peaceful means. It's only in 1945 that people in San Francisco laid down the rule that states must not use armed force against each other unless they do it in self-defense against an armed attack or unless they do it under authorization of the Security Council. So that was a leap forward in 1945. Now, during the Cold War there were many violations of this. But what was new in 2002 was that the U.S. National Security Strategy declared that the rules of the Charter were too narrow for them, and they declared that they would take armed action regardless of these limitations in the Charter.

And this is no small point. This is a question of preventive war. Preemption is where you see an attack coming, where an attack is imminent. It is generally recognized that you can take action before the bombs fall. You can take action when the airplanes or the missiles are approaching your territory. Another matter, however, is to attack a foreign country saying that we suspect that they will attack us. In the case of Iran, that's taking armed action already at the sight of a few grams of uranium enriched to 4 percent. Now that's not an armed attack.

What do you think about the current prospects for disarmament?

I'm delighted to see that there's a strong body of American opinion, non-partisan, and led by former Secretary of State Shultz, and Kissinger, and Sam Nunn and Bill Perry. Many, including Colin Powell, side with them. They say, yes, the arsenal of nuclear weapons was needed during the Cold War, but no longer, and it can only damage and give ideas to other people; if the great powers need nuclear weapons maybe we also need them. So they urge the United States to take the initiative vis-a-vis Russia to move toward nuclear disarmament. They're not starry-eyed idealists. They know this is going to take time, but there are plenty of things that can be undertaken now.

And what are the most important steps to be taken now?

I have no hesitation that the most important signal would be a ratification and entry into force of the Comprehensive Test Ban Treaty. This was rejected by the U.S. Senate during the Clinton administration. Both Hillary Clinton and Barack Obama have said that they would want to have that treaty ratified. And I think the chances are that if the US ratifies it then China will, if China will, India will, if India does I think Pakistan will, then we will get the whole bunch. So this is at the top of the agenda. But taking nuclear weapons off hair-trigger alert--which really is a relic from the cold war--I think is also very high up on the agenda.

What do you think is the most worrisome development in terms of nuclear weapons today?

I think the most acute questions are the negotiations with North Korea and with Iran. I'm favorable to the approach that's been taken lately by the U.S. in relation to North Korea. I don't think that threatening the North Koreans with any military action is a defensible policy. Military pressure is more likely to be counterproductive and lead them to a hardening of their positions; that's what we have seen in the past. However, the six-power talks in Beijing have been looking much more for carrots, and including, notably, a guarantee against attack, and also a guarantee of diplomatic relations with the U.S. and with Japan, if the North Koreans go along with a nuclear settlement. I think this is much more likely to yield results.

In the case of Iran, I think that while the Europeans have a number of carrots on the table, they say that these carrots are only available to Iran if, first, Iran does its part. There's a precondition that Iran should suspend enrichment. I don't know any negotiations in which one party says, yes, I will do my part and then we'll discuss what you'll give me for it. But the two elements I mentioned in the case of North Korea are not, to my knowledge, on the table in the case of Iran. Namely, a guarantee against attack, and talk about diplomatic relations. So I think that playing these two cards would be enormously valuable.

What about the possibility of nuclear weapons falling into terrorist hands?

One can hardly exclude any risk, but most experts deem it highly unlikely that non-state actors would be able to master this. They have to put together the weapons; they also have to find some means of delivery. And we also know from the case of terrorists in Tokyo a number of years ago that they chose rather the chemical weapons in their attack in the subway. There's some talk about what they call dirty bombs, a way of using radioactive material and exploding it and contaminating an area. That would be a terror weapon, but can by no means be compared to a nuclear weapon.

What's your advice to U.S. voters who are concerned about nuclear weapons?

I certainly think that McCain is a respectable, upright person with integrity. But from the point of view of disarmament, and the need for a new wind in international relations, I think that both Hillary and Obama are far better placed.

What are you up to these days?

I give a lot of lectures around the world. I travel much too much.

Actually, what I would want to do and what I'm starting to do is write a book about the development of international law and disarmament. How can we move the world slowly towards more peaceful relations? Well, you'll find beginnings of my thinking in Why Disarmament Matters. This is something I should do, but all these engagements to speak at various conferences take a lot of my time.

Aside from the former U.S. statesmen who support disarmament, are there any other causes for optimism you can see?

We need, as I said, a new wind. And I think a change of leaders, perhaps, could give a chance to that. In Russia you have a change of leaders even though Putin hovers over the scene. In Washington you will have a new leader. In France it's new, in Germany relatively new, and in the U.K., the new government is much more pro-disarmament. So there are some glimmers of hope.

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Japan has enacted many changes to its corporate laws over the past decade, with perhaps none more contentious than the adoption of true outside directors and empowered committees in the boardroom.

Is there a discernible difference in the performance or valuation of firms based on their adoption or non-adoption of the committee system? Is the Japanese system functionally converging toward the western system because of the convergence in corporate law? This seminar will present the results of an empirical study that indicates a significant increase of corporate value for companies that adopted the committee system.

Philippines Conference Room

Robert Eberhart SPRIE Researcher Speaker Stanford University
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About the talk

Kicking off SPRIE's seminar series on the emerging environment for entrepreneurship in Japan, this presentation will focus on the changing pattern of venture capital (VC) investments there. Michael Korver will address issues related to venture capital, entrepreneurship and innovation in Japan in the context of the experiences of Global Venture Capital and its partners during the last twelve years.

Recently, Japan has seen a rapid evolution of financing for new firms, including rapid changes to its VC industry. Mr. Korver's firm is in the vanguard of that evolution. He will discuss aspects of Japanese VC companies from their earliest inception to the latest trends--from bank subsidiaries to independent funds--and he will share his observations about entrepreneurial startups in Japan.

About the speaker

Michael Korver is a co-founding partner of Global Venture Capital (GVC). He was born and raised in Tokyo and first developed his insider's perspective on Asian business from his experience as an analyst at the Nomura Research Institute in Tokyo from 1983 until 1986, and as an international transactions lawyer with Richards & O'Neil in New York and Tokyo from 1987 until 1993.

Since 1993 Korver has worked as an international business consultant, corporate lawyer, venture capitalist and entrepreneur in Tokyo. He has founded or co-founded several companies and has served on the boards of a number of them. From 1999 until 2002 he was in charge of legal and business affairs at The News Corporation Limited Japan, the Japanese operations of the international media conglomerate. Korver currently serves as professor in the MBA program at the Graduate School of International Corporate Strategy of Hitotsubashi University where he teaches courses in entrepreneurship and venture capital.

Korver received the BA, the MA in Economics and the JD all from the University of California at Berkeley. He is licensed to practice law in the States of New York and California.

Philippines Conference Room

Michael Korver Managing Partner Speaker Global Venture Capital
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This is a CDDRL's Special Event within our Democracy in Taiwan Program. It is also co-sponsored by the Public Diplomacy/Emerging Publics Project of the Center for the Pacific Rim at University of San Francisco. In this seminar, Dr. Richard Madsen will talk about his new book that explores the religious renaissance that has reformed, revitalized, and renewed the practices of Buddhism and Daoism in Taiwan and how this religious renaissance embraces democracy modernity.  

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Richard Madsen is distinguished professor and chair of the sociology department at the University of California, San Diego and a co-author (with Robert Bellah et al.) of The Good Society and Habits of the Heart which received the Los Angeles Times Book Award and was jury nominated for the Pulitzer Prize. He has authored or co-authored five books on China, including Morality and Power in a Chinese Village for which he received the C. Wright Mills Award; China's Catholics: Tragedy and Hope in an Emerging Civil Society; and China and the American Dream.  He also co-edited (with Tracy B. Strong) The Many and the One: Religious and Secular Perspectives on Ethical Pluralism in the Modern World. His latest book is Democracy’s Dharma: Religious Renaissance and Political Development in Taiwan.

Richard Madsen received an MA in Asian studies and a Ph.D. in sociology from Harvard.

"Madsen is a genial and well-informed guide, both to social-political change in Taiwan and to the ins and outs of religious movements. His engaging writing skillfully interweaves profound insights and themes into the descriptive analytical narrative. Democracy's Dharma presents new material based on recent research while offering a fresh spin on thinking about Asian religions."–Thomas Gold, editor of Social Connections in China: Institutions, Culture, and the Changing Nature of Guanxi

Philippines Conference Room

Richard Madsen Distinguished Professor Speaker Department of Sociology at the University of California, San Diego
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With the inauguration in February 2008 of South Korean President Lee Myung-bak, The Korea Society and Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center launched a nonpartisan group of former senior U.S. government officials, scholars, and other American experts on Korea to explore how to revitalize the U.S. alliance with the Republic of Korea (ROK) after nearly a decade of strains and tensions.

New Beginnings group members believe that the United States cannot afford to lose the opportunity presented by President Lee’s desire to build a global partnership. The group has identified several steps that the United States, in cooperation with the ROK, could take to move the alliance into a new era.

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Shorenstein APARC
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Robert Carlin
Gi-Wook Shin
Daniel C. Sneider
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The Koret Foundation of San Francisco has approved a $300,000 gift in support of the Korean Studies Program at Stanford University.

The two-year gift allows the Center to establish a Koret Fellowship and to bring leading professionals in Asia and the United States to Stanford to study United States–Korean relations. The fellows will conduct their own research on the bilateral relationship, with an emphasis on contemporary relations with the broad aim of fostering greater understanding and closer ties between the two countries.

“As a Korean American, I am pleased to support efforts to strengthen the bilateral relationship between Korea and the United States,” said Susan Koret, chairman of the board of the Koret Foundation. “The strength of Stanford’s program is a strong indicator that our foundation’s support will have a positive impact.”

“This is a very important and timely grant, as the two allies seek to repair the strains of the past and to strengthen their long standing relationship for the future,” said Professor Gi-Wook Shin, Center director. “Equally, we value our relationship with Koret, and we believe this is the beginning of a long-lasting relationship between the Foundation and our Center.”

The Korean Studies Program (KSP) focuses on multidisciplinary, social science-oriented, collaborative research on policy-relevant topics on Korea. KSP's mission is to be a research center in the truest sense, with its own research fellows and collaborative projects.

An entrepreneurial spirit guides Koret in addressing societal challenges and strengthening Bay Area life. Investing in strategic, local solutions, Koret helps to inspire a multiplier effect – encouraging collaborative funding and developing model initiatives.

In the San Francisco Bay Area, Koret adds to the region’s vitality by promoting educational opportunity, contributing to a diverse cultural landscape, and bolstering organizations that are innovative in their approaches to meeting community needs.

The Koret Fellowship is expected to commence with the 2008/2009 academic year.


About the Korean Studies Program at Shorenstein APARC

The Stanford Korea Program was formally established in 2001 at the Shorenstein Asia-Pacific Research Center with the appointment of Professor Gi-Wook Shin, as the founding director. The Stanford KSP offers courses on Korea, hosts seminars related to the study of Korea, sponsors workshops and conferences, conducts research projects, supports fellowships, and collaborates with a broad range of visiting scholars.

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Nuclear energy production today and in the near future will still be dominated by light-water reactors and therefore there will be a continued need for uranium enrichment. There is currently a focused attention on gas centrifuge enrichment. Gas centrifuge technology is much cheaper and efficient, but also poses a greater security concern, than the former gas diffusion technology.

In order to address the increased security concerns, the International Atomic Energy Agency (IAEA) is planning and implementing strengthened safeguards procedures involving an increased reliance on continuous and remote monitoring technologies, and environmental sampling. The IAEA is also promoting multilateral enrichment centers as an additional avenue to enhance international security. Much of the current enrichment industry today already involves international partnerships such as between the US and European companies, or the tripartite agreement between Russia, China and the IAEA.

In order for safeguards and multilateral approaches to be viable and effective, they need to be accepted by industry, operators, states and the regulatory agencies. This talk will address how strengthened safeguards could be implemented while accommodating potentially conflicting interests such as: the protection of proprietary information, transparency in monitoring, applicability in multilateral arrangements, cost-effectiveness, and the ultimate goal of ensuring that enrichment activities remain peaceful.

Elena Rodriguez-Vieitez is a postdoctoral science fellow at CISAC, Stanford. Her research concerns proliferation risks associated with the global expansion of nuclear power. She received her PhD in nuclear engineering at the University of California, Berkeley. Her dissertation focused on nuclear physics experimental work conducted at cyclotron facilities at the Lawrence Berkeley National Lab and Michigan State University, where she analyzed nuclear structure and fragmentation reaction data of neutron-rich unstable nuclei. As a nuclear engineering graduate student, she collaborated on a Department of Energy research project on radioactive waste transmutation in molten-salt reactors, where she modeled actinide transmutation efficiency and evaluated proliferation and environmental risks. As a graduate student, Rodriguez-Vieitez was also a research associate on public policy and nuclear threats at the University of California Institute on Global Conflict and Cooperation. Prior to her PhD studies, she was an intern at the National Academy of Sciences' Board on Radioactive Waste Management in Washington, DC.

Reuben W. Hills Conference Room

Elena Rodriguez-Vieitez Speaker
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