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Germany has always been too strong or too weak for Europe. Now it is Number One again, but what a difference 70 years of democratic development and European integration have made. Merkel's Germany is no "Fourth Reich", and the political class knows it. If she isn't "triangulating" like Bill Clinton, Merkel "leads from behind" like Obama. After two murderous grabs for hegemony, Germany is an accidental great power - so strong because France, Britain, Italy and the rest are so weak.

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For more than thirty years, Shorenstein APARC’s Corporate Affiliates Visiting Fellows Program has offered a unique opportunity for affiliate organizations to nominate personnel to spend an academic year at the Center. Since 1982 — one year before the Center even existed — visiting fellows in the program have been sharing ideas, forming connections, and broadening perspectives, from the early years when a handful of visiting fellows were hosted at Galvez House to recent groups of close to twenty visitors each year meeting in Encina Hall’s Okimoto conference room. As a recent visiting fellow observed, “Academically, professionally, and personally, the different perceptions I have now will change the way I approach and understand my future work.”

The present cohort of visiting fellows represents organizations in China, India, Japan, and Korea, and each fellow brings years of practical experience and an international perspective that informs and enriches the intellectual exchange at the Center and at Stanford University. A majority of the current affiliate organizations have participated continuously in the program for the past five years, or even longer.

The program — ideal for mid-career managers who wish to deepen their knowledge on topics relevant to their work — has fellows participating in a structured program, which includes creating an individual research project; auditing classes; attending exclusive seminars; and visiting local companies and institutions. In addition to broadening their views through interaction with world-class scholars, visiting fellows can network with managers from different countries and corporations.

With such an array of activities, every day in the life of a visiting fellow is different, and every year differs as well. The core research goal remains constant, but the changing composition of each group — more female fellows, varied professional backgrounds, and new countries joining the mix — keeps the program exciting and unique. One of the earliest visiting fellows from one of the longest-standing affiliate organizations put it best: “Shorenstein APARC, Stanford University and, more broadly, the Silicon Valley are culturally unique, and this program offers a great opportunity to understand some of the ins and outs and different mindsets that make the region so successful.”

The wide variety of participants has possessed an equally broad range of interests. Over the past three decades, visiting fellows have pursued research on topics ranging from “The Deregulation of Telecommunications Industries in Japan and the United States” to “Northeast Asian Interdependence;” from “Corporate Governance & Energy Management” to “Advanced Tools for Complete Characterization of Biopharmaceutical Products” to “Risk Management in Large Commercial Banks in China.”

Once visiting fellows return to their home institutions, the Corporate Affiliates Program stays connected with alumni, allowing it to maintain close partnerships with not only its affiliate organizations, but also with all of the people who have passed through the program. The alumni network has grown to more than 350, with many individuals holding prominent positions in both the corporate and governmental sectors, working in countries around the world including Russia, France, Indonesia, and Australia. Recent alumni events held in locations like Seoul and Tokyo have kept the program in close contact even with those visiting fellows who came through the Center during the early years.

The Corporate Affiliates Visiting Fellows Program thrives by bringing together a diverse international group, and through the shared experiences of research and study at Stanford University. It creates long-lasting bonds and a new community — one that enriches the university and finds within itself new, constructive perspectives. Ultimately, the hope is that these experiences will over time contribute to stronger U.S.-Asia relations.



 

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During a visit to Toulouse, France to present at “The Economics of Energy Markets” conference at the Toulouse School of Economics, PESD Director Frank Wolak was interviewed by Professor Jean-Michel Glachant of the Florence School Regulation about his work monitoring wholesale electricity markets.

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Meiko Kotani is the instructor for the Stanford e-Japan Program, Stanford e-Bunri, and SPICE/Waseda Intensive Course for the Stanford Program on International and Cross-Cultural Education (SPICE). 

Prior to joining SPICE, she worked as Program Coordinator for the Japan Program at the Shorenstein Asia-Pacific Research Center (APARC) where she managed projects and events related to research and education on contemporary Japanese issues. She also has experience working as a program manager at a Japanese company in Silicon Valley. 

Meiko received a BA in international relations from University of Oregon, and MA in international relations and diplomacy from Schiller International University in Paris. Born in Japan and raised in seven countries, including China, Oman, Pakistan, France, and Russia, and the United States, she has always been strongly conscious of connecting Japan and the world since childhood. She is dedicated to supporting the development of Japan's next generation of leaders and fostering global talent.

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U.N. Secretary-General Ban Ki-moon on Thursday urged Stanford students to become global citizens, working together beyond borders for peace, security and a common prosperity.

"You may come from the United States or Korea, Japan or elsewhere, Arab countries, but you're now part of a global family," Ban said to a crowded auditorium during his campus visit. "Therefore, it's very important to raise your capacity as global citizens. Only then, I think we can say, we're living in a very harmoniously prosperous world."

Despite a troubling tally of crises around the world, Ban was hopeful about the future, and said he gains inspiration from the younger generation.

"Everything my life has taught me points to the power of international solidarity to overcome any obstacle," he said.

Ban's speech, sponsored by Stanford's Freeman Spogli Institute for International Studies and the Walter H. Shorenstein Asia-Pacific Research Center, kicked off a series of events celebrating the 30th anniversary of the center.

Ban was introduced by former Secretary of Defense William Perry, an FSI senior fellow, who lauded Ban for his work on women's rights, climate change, nuclear disarmament and gay rights.

Ban told the audience that the world was undergoing massive changes and outlined three ways to navigate the transition: sustainable development, empowering young people and women, and pursuing dignity and democracy.

"The level and degree of global change that we face today is far more profound than at any other period in my adult lifetime," he said.

"We have no time to lose," he added later.

California, he said, has led on clean air legislation, creating a cap-and-trade law to reduce greenhouse gas emissions.

"I am convinced national and state action can spur progress in global negotiations, creating a virtuous cycle," he said.

Sustainable development, Ban said, goes hand in hand with creating peace. Noting the problems in North Africa and the Middle East, particularly Syria, he said a country cannot be developed if there is no peace and security.

"Syria is in a death spiral," he said. He cited the toll the conflict has taken on Syria's citizens and surrounding countries since the uprising against President Bashar al-Assad began in March 2011. More than 60,000 people, mostly civilians, have been killed. Hundreds of thousands more have been displaced.

Ban spoke at Stanford as a hostage crisis also unfolded in the region.

In retaliation for military action by France in the West African nation of Mali, Islamist extremists in Algeria took several hostages at an international gas field Thursday. News organizations reported that the kidnappers and some hostages were killed in a raid by the Algerian government.

Ban spoke of the efforts by the United Nations to counter terrorism in Mali, where Islamist rebels last year took control in the north in the chaos following a military coup that ousted the elected government of President Amadou Toumani Touré.

"We must continue to work for peace," Ban said. "Our hard work cannot be reversed, especially for women and young people."

With half the world's population under the age of 25, Ban said the international community must support and empower that group.

Ban also said that fighting for equality for lesbian, gay, bisexual and transgender communities was important in advancing peace and prosperity around the world.

"I have learned to speak out for one essential reason," he said. "Lives and fundamental values are at stake."

Ban told the students to harness a spirit of hope as they confront the challenges of the world.

For him, he said, that spirit was sparked by a visit to California decades ago. He reflected on an eight-day visit to the state in 1962, when he stayed with a family, the Pattersons, in Novato on a trip sponsored by the Red Cross.

"In many ways, I still carry the same energy and enthusiasm and sense of wonder that I did when I first landed on Miss Patterson's doorstep half a century ago," he said.

"I came back knowing what I wanted to do with my life and for my country," he said.

Ban said he still keeps in touch with his host, his "American mom," 95-year-old Libba Patterson, who was in the audience and stood to applause.

"It was here in California," he reflected to the students, "that I first felt I could grab the stars from the sky."

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

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

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

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

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

Former Director of the Japan Program at the Shorenstein Asia-Pacific Research Center
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David Laitin is the James T. Watkins IV and Elise V. Watkins Professor of Political Science and an affiliated faculty member at CISAC. He has conducted field research in Somalia, Nigeria, Spain, and Estonia. His latest book is Identity in Formation: The Russian-Speaking Populations in the Near Abroad. He is currently working on a project in collaboration with James Fearon on civil wars in the past half-century. From that project, "Ethnicity, Insurgency, and Civil War" has appeared in the American Political Science Review. Laitin received his BA from Swarthmore College and his PhD from the University of California, Berkeley.

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James T. Watkins IV and Elise V. Watkins Professor of Political Science
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David Laitin is the James T. Watkins IV and Elise V. Watkins Professor of Political Science and a co-director of the Immigration Policy Lab at Stanford. He has conducted field research in Somalia, Nigeria, Spain, Estonia and France. His principal research interest is on how culture – specifically, language and religion – guides political behavior. He is the author of “Why Muslim Integration Fails in Christian-heritage Societies” and a series of articles on immigrant integration, civil war and terrorism. Laitin received his BA from Swarthmore College and his PhD from the University of California, Berkeley.

Affiliated faculty at the Center for International Security and Cooperation
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David Laitin James T. Watkins IV and Elise V. Watkins Professor of Political Science Speaker Stanford University
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The more a country depends on aid, the more distorted are its incentives to manage its own development in sustainably beneficial ways. Cambodia, a post-conflict state that cannot refuse aid, is rife with trial-and-error donor experiments and their unintended results, including bad governance—a major impediment to rational economic growth. Massive intervention by the UN in the early 1990s did help to end the Cambodian civil war and to prepare for more representative rule. Yet the country’s social indicators, the integrity of its political institutions, and its ability to manage its own development soon deteriorated. Based on a comparison of how more and less aid-dependent sectors have performed, Prof. Ear will highlight the complicity of foreign assistance in helping to degrade Cambodia’s political economy. Copies of his just-published book, Aid Dependence in Cambodia, will be available for sale. The book intertwines events in 1990s and 2000s Cambodia with the story of his own family’s life (and death) under the Khmer Rouge, escape to Vietnam in 1976, asylum in France in 1978, and immigration to America in 1985.

Sophal Ear was named a Young Global Leader by the World Economic Forum in 2011 and a TED Fellow in 2009. His next book—The Hungry Dragon: How China’s Resources Quest is Reshaping the World, co-authored with Sigfrido Burgos Cáceres—will appear in February 2013. Prof. Ear is vice-president of the Diagnostic Microbiology Development Program, advises the University of Phnom Penh’s master’s program in development studies, and serves on the international advisory board of the International Public Management Journal. He wrote and narrated “The End/Beginning: Cambodia,” an award-winning documentary about his family’s escape from the Khmer Rouge. He has a PhD in political science, two master’s degrees from the University of California-Berkeley, and a third master’s from Princeton University.

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