-

Join us Wednesday to celebrate International Education Week! We’ll be conducting our first open webinar at the 2015 Global Education Conference (#globaled15). Drop in to receive some free classroom resources and chat about historical memory, media literacy, perspective/bias, and the legacies of WWII in East Asia.

What: “Divided Memories: Comparing History Textbooks in China, Japan, South Korea, Taiwan, and the United States” webinar (Full description: http://tiny.cc/r1bv5x)
When: Wed, Nov 18 @ 4:00pm PST / 7:00pm EST
Where: Online at tiny.cc/SPICEatGEC15 (Choose your time zone to view full conference schedule.)

During and after the webinar, use hashtag #DividedMemories to live-tweet with us and our friends at Shorenstein APARC.

616 Jane Stanford Way
Encina Hall, C332
Stanford, CA 94305-6060

(650) 725-1486
0
rylan_sekiguchi.jpg
Rylan Sekiguchi is Manager of Curriculum and Instructional Design at the Stanford Program on International and Cross-Cultural Education (SPICE). Prior to joining SPICE in 2005, he worked as a teacher at Revolution Prep in San Francisco.

Rylan’s professional interests lie in curriculum design, global education, education technology, student motivation and learning, and mindset science. He received his Bachelor of Science degree in Symbolic Systems at Stanford University.

He has authored or co-authored more than a dozen curriculum units for SPICE, including Along the Silk Road, China in Transition, Divided Memories: Comparing History Textbooks, and U.S.–South Korean Relations. His writings have appeared in publications of the National Council for History Education and the Association for Asian Studies.

Rylan has also been actively engaged in media-related work for SPICE. In addition to serving as producer for two films—My Cambodia and My Cambodian America—he has developed several web-based lessons and materials, including What Does It Mean to Be an American?

In 2010, 2015, and 2021, Rylan received the Franklin Buchanan Prize, which is awarded annually by the Association for Asian Studies to honor an outstanding curriculum publication on Asia at any educational level, elementary through university.
 
Rylan has presented teacher seminars across the country at venues such as the World Affairs Council, the American Museum of Natural History, and the Art Institute of Chicago, and for organizations such as the National Council for the Social Studies, the International Baccalaureate Organization, the African Studies Association, and the National Consortium for Teaching about Asia. He has also conducted presentations internationally for the East Asia Regional Council of Overseas Schools in Thailand, Malaysia, and the Philippines; for the European Council of International Schools in Spain, France, and Portugal; and at Yonsei University in South Korea.
 
Manager of Curriculum and Instructional Design
Instructor, Stanford e-Hiroshima
Manager, Stanford SEAS Hawaii
Workshops
-

The Program on American Democracy in Comparative Perspective is holding a conference on Democracy and its Discontents on October 8-10 in Budapest, Hungary. The conference, co-hosted with Central European University, will bring together scholars of American and European politics to examine topics such as democratic backsliding, inequality, and money in politics. Saskia Sassen of Columbia University will deliver the keynote address. 

Democracy and its Discontents Agenda
Download pdf
Conferences

Montek Singh Ahluwalia is an economist who trained at Oxford as a Rhodes Scholar. He spent several years at the World Bank before returning to India to serve as the Economic Advisor to the Finance Minister. The Government of India then appointed him to several senior positions, including Secretary of Commerce and Secretary in the Department of Economic Affairs at the Ministry of Finance. In 1998, he was appointed as a Member of the Planning Commission and Advisory Council to the Prime Minister of India. In 2001, he became the Director of Independent Evaluation Office at the International Monetary Fund, resigning this position in 2004 to become the Deputy Chairman of the Planning Commission.

He has written widely about India and the world economy, co-authoring Redistribution with Growth: An Approach to Policy, and editing Macroeconomics and Monetary Policy: Issues for Reforming the Global Financial Architecture with Y.V. Reddy and S.S. Tarapore.

The Payne Distinguished Lectureship is named for Frank and Arthur Payne, brothers who gained an appreciation for global problems through their international business operations. This lectureship, hosted by the Freeman Spogli Institute for International Studies, brings speakers with an international reputation for leadership and visionary thinking to Stanford to deliver a major public lecture. 

This event is carried out in partnership with the Stanford Center for International Development (SCID).

A public reception will follow the lecture.

Montek Singh Ahluwalia Deputy Chairman, Planning Commission 2004-2014, Government of India Deputy Chairman, Planning Commission 2004-2014, Government of India
Lectures
Encina Hall E301616 Serra StreetStanford, CA94305-6055
(650) 796-3699 (650) 723-6530
0
david_lee.png Ph.D.

David LEE Kuo Chuen joins the Walter H. Shorenstein Asia-Pacific Research Center (APARC) as visiting scholar for the fall of 2015.  He is currently the Director of Sim Kee Boon Institute for Financial Economics.  He holds the appointment of Practice Professor of Quantitative Finance, Lee Kong Chian School of Business, in Singapore Management University.  He is also the founder of Ferrell Asset Management Group.

His research interests encompass digital and Internet finance, digital banking, Asia finance, impact investing, financial inclusion and asset allocation. During his time as a Fulbright Scholar at Shorenstein APARC, his research will focus on harnessing Silicon Valley technology for connectivity and financial inclusion in ASEAN and Singapore.

David is also an Independent Director of two SGX-listed companies and sits on the Investment Committee and Council of two charitable organizations. He is the Vice President of the Economic Society of Singapore.  He was the Founding Vice Chairman of the Alternative Investment Management Association (Singapore Chapter), a member of the SGX Security Committee, and MAS Financial Research Council.  He was also the Group Managing Director of OUE Limited and Auric Pacific Limited, as well as the Non-Executive Chairman of MAP Technology Limited.

David speaks frequently in international conferences with occasional appearances in Bloomberg, Reuters and Channel NewsAsia.  He has published in Financial Analyst Journal, Journal of Investing, Journal of Wealth Management, Journal of Statistical Computation and Simulation, Applied Financial Economics, and several books and chapters on Household Economics and Hedge Funds.  His two books on Asia Finance focus on Banking, Sovereign Wealth Funds, REITs, Financial Trading & Markets, and Fund Performance. His latest book is on Digital Currency.

He graduated from the London School of Economics and Political Science with a BSc (Econs), MSc (Mathematical Economics and Econometrics) and a PhD in Econometrics and Mathematical Economics.

Visiting Scholar, Fulbright Fellow
Authors
News Type
News
Date
Paragraphs

U.S. national security faces rising challenges from insider threats and organizational rigidity, a Stanford professor says.

Amy Zegart, co-director of the Center for International Security and Cooperation at Stanford and a senior fellow at the Hoover Institution, wrote in a new study that in the past five years, seemingly trustworthy U.S. military and intelligence insiders have been responsible for a number of national security incidents, including the WikiLeaks publications and the 2009 attack at Fort Hood in Texas that killed 13 and injured more than 30.

She defines "insider threats" as people who use their authorized access to do harm to the security of the United States. They could range from mentally ill people to "coldly calculating officials" who betray critical national security secrets.

In her research, which relies upon declassified investigations by the U.S. military, FBI and Congress, Zegart analyzes the Fort Hood attack and one facet of the insider threat universe – Islamist terrorists.

In this case, a self-radicalized Army psychiatrist named Nidal Hasan walked into a Fort Hood facility in 2009 and fired 200 rounds, killing 13 people and wounding dozens of others. The shooting spree remains the worst terrorist attack on American soil since 9/11 and the worst mass murder at a military site in American history, she added.

Insights and lessons learned

Zegart's study of insider and surprise attacks as well as academic research into the theory of organizations led her to some key insights about why the Army failed to prevent Hasan's attack when clues were clear:

Image
• Routines can create hidden hazards. People in bureaucracies tend to continue doing things the same old way, even when they should not, Zegart said, and not just in America. In the Cuban missile crisis of 1962, for example, U.S. spy planes were able to spot Soviet missile installations in Cuba because the Soviets had built them exactly like they always had in the Soviet Union – without camouflage.

In the Fort Hood case, she said, bureaucratic procedures kept red flags about Hasan in different places, making them harder to detect.

• Career incentives and organizational cultures often backfire. As Zegart wrote, several researchers found that "misaligned incentives and cultures" played major roles in undermining safety before the Challenger space shuttle disaster.

Zegart's earlier research on 9/11 found the same dynamic played a role in the FBI's manhunt for two 9/11 hijackers just 19 days before their attack. Because the FBI's culture prized convicting criminals after the fact rather than preventing disasters beforehand, the search for two would-be terrorists received the lowest priority and was handled by one of the least experienced agents in the New York office.

• Organizations matter more than most people think. Robust structures, processes and cultures that were effective in earlier periods for other tasks proved maladaptive after 9/11.

In the case of the Fort Hood attack, the evidence suggests that government investigations, which focused on individual errors and political correctness (disciplining or investigating a Muslim American in the military) identified only some of the root causes, missing key organizational failures.

Hasan slipped through the cracks not only because people made mistakes or were prone to political correctness, but also because defense organizations "worked in their usual ways," according to Zegart.

Adapting to a new threat

In terms of organizational weaknesses, Hasan's Fort Hood attack signaled a new challenge for the U.S. military: rethinking what "force protection" truly means, Zegart said. Before 9/11, force protection reflected a physical protection or hardening of potential targets from an outside attack. Now, force protection has evolved to mean that the threats could come from within the Defense Department and from Americans, she added.

"For half a century, the department's structure, systems, policies and culture had been oriented to think about protecting forces from the outside, not the inside," Zegart wrote.

In the case of Hasan, the Defense Department failed in three different ways to identify him as a threat: through the disciplinary system, the performance evaluation system and the counter-terrorism investigatory system run jointly with the FBI through Joint Terrorism Task Forces.

"Organizational factors played a significant role in explaining why the Pentagon could not stop Nidal Hasan in time. Despite 9/11 and a rising number of homegrown Jihadi terrorist attacks, the Defense Department struggled to adapt to insider terrorist threats," Zegart wrote.

Difficult to change

Another problem was that the Pentagon faced substantial manpower shortages in the medical corps – especially among psychiatrists. So the Defense Department responded to incentives and promoted Hasan, despite his increasingly poor performance and erratic behavior.

In addition, Zegart found the Defense Department official who investigated Hasan prior to the attack saw nothing amiss because he was the wrong person for the job – he was trained to ferret out waste, fraud and abuse, not counterterrorism, which is why he did not know how to look for signs of radicalization or counterintelligence risk.

"In sum, the Pentagon's force protection, discipline, promotion and counter-terrorism investigatory systems all missed this insider threat because they were designed for other purposes in earlier times, and deep-seated organizational incentives and cultures made it difficult for officials to change what they normally did," she wrote.

Zegart acknowledges the difficulties of learning lessons from tragedies like 9/11, the NASA space shuttle accidents and the 2009 Fort Hood shooting.

"People and organizations often remember what they should forget and forget what they should remember," she said, adding that policymakers tend to attribute failure to people and policies. While seemingly hidden at times, the organizational roots of disaster are much more important than many think, she added.

Hero Image
dod flkr ambulance fort hood us army photo jeramie sivley
Medics treat injured service members at Fort Hood, Texas – site of the worst mass murder at a military installation in U.S. history.
U.S. Army / Jeramie Sivley
All News button
1
Authors
Naomi Funahashi
News Type
News
Date
Paragraphs

The Stanford Program on International and Cross-Cultural Education (SPICE) honored two of the top students of the 2015 Reischauer Scholars Program (RSP) at a Japan Day event at Stanford University on August 13, 2015. The two 2015 RSP Japan Day honorees were Meera Santhanam and Katie Goldstein.

Japan Day commenced with welcoming comments by Dr. Gary Mukai, SPICE Director, and opening remarks by Consul General Jun Yamada, Consulate General of Japan in San Francisco. Praising Meera, Katie, and their fellow RSP students for their dedication to the study of Japan and U.S.–Japan relations, Consul General Yamada noted, “The U.S.–Japan relationship is one of the most important bilateral relationships in the world today. Without a doubt this is due to past generations’ tireless efforts to understand each other and build the kind of mutual trust that has made this relationship so durable and successful. To assure the future vitality of the U.S.–Japan relationship, it is therefore our joint responsibility to prepare the future generation for continuing this task. Through the Reischauer Scholars Program which has been instrumental in fostering future leaders who have acquired a deep and broad understanding of Japan, a solid foundation for this purpose has been established.” 

Mukai recognized Naomi Funahashi, RSP Manager and Instructor, for her tenth year of teaching the RSP. Funahashi has empowered over 250 Americans with not only subject matter content knowledge on Japan and U.S.–Japan relations but also tools of critical analysis and perspective taking. Reflecting on her ten years of teaching the RSP, Funahashi commented, “While advancements in distance-learning technology over the past ten years have eased the logistical challenges of the RSP, the students remain at the heart of why I continue to love teaching this course. I have the unique privilege of guiding some of the most talented high school students in the United States through an exploration and examination of Japan, and I am confident that many of them will comprise the leadership of future U.S.–Japan relations.”

Funahashi gave an overview of the RSP to the Japan Day audience of over 30 people, which included Professor Indra Levy, RSP advisory board member, and Maiko Tamagawa, Advisor for Educational Affairs, Consulate General of Japan in San Francisco. Named in honor of former U.S. Ambassador to Japan Edwin O. Reischauer, a leading educator and noted scholar of Japanese history and culture, the RSP is an online course on Japan and U.S.–Japan relations that is offered annually to 25–30 high school sophomores, juniors, and seniors across the United States.

Meera Santhanam (junior, The Nueva School, CA) and Katie Goldstein (senior, Crystal Springs Uplands High School, CA) were recognized for their coursework and exceptional research essays. They articulately presented their research that focused on women in the Japanese workforce and equity-related issues concerning LGBTQ people in Japan, respectively; and skillfully answered provocative questions from the audience. 

Image
2015rsp


Since 2003, the RSP has provided a creative and innovative approach to teaching high school students about Japan and U.S–Japan relations. The program provides American students with unique opportunities to interact with diplomats and top scholars affiliated with Stanford University, the University of Tokyo, the University of Hawaii, and other institutions through online lectures and discussions, and introduces both American and Japanese perspectives on many historical and contemporary issues.

The 2015 Japan Day honorees were reflective of the introduction of varied topics and perspectives in the RSP curriculum. When asked to comment on her RSP experience, Santhanam remarked, “With exposure to a wide array of perspectives and in-depth content alike, participating in this program is a decision I would make a thousand times over again. This rare, interdisciplinary opportunity allowed me to connect with my topic on not just an academic, but personal level as well.” Goldstein shared a similar sentiment, also noting the scholarly, yet congenial atmosphere of Japan Day: “The speakers—Dr. Gary Mukai, Naomi Funahashi, and Consul General Yamada—wonderfully set the formal yet fun tone of the academic event. The conversation, while centered around Japan, revolved around a myriad of topics: literature, current events, policies, you name a topic and it was talked about.”

For the first time in the history of the RSP, several RSP alumni introduced high school life in the United States to Japanese students enrolled in SPICE’s inaugural Stanford e-Japan course, which introduces U.S. society and culture and U.S.–Japan relations to Japanese high school students.

Stanford e-Japan students indicated early on in the course their desire to interact with students from the United States, and as a result, Waka Takahashi Brown, Stanford e-Japan Manager and Instructor, invited RSP alumni to comment on the discussion boards and guest speak at the virtual classroom on “U.S. High Schools and Education” on August 14, 2015. Brown noted, “The response from both the e-Japan students and Reischauer Scholars has been overwhelmingly positive. Not only have students been more engaged in the discussion boards, but the Stanford e-Japan students also seemed very eager to know what about Japan interested the U.S. students to participate in the Reischauer Scholars Program. I would not be surprised if the RSP and e-Japan students strike up a friendship from these initial brief exchanges.”

The distinguished RSP advisory committee members are Consul General Jun Yamada; Professor Emeritus Nisuke Ando, Doshisha University and Kyoto University; Ambassador Michael Armacost, Shorenstein Asia Pacific Research Center, Stanford University; Professor Indra Levy, Stanford University; Professor Phillip Lipscy, Stanford University; and Professor Emeritus Daniel Okimoto, Stanford University.

SPICE has received numerous grants in support of the RSP from the United States-Japan Foundation, the Center for Global Partnership (The Japan Foundation), and the Japan Fund, which is administered by the Freeman Spogli Institute for International Studies at Stanford University.

The RSP will be accepting applications for the 2016 program in September and October 2015. For more information about the RSP, visit www.reischauerscholars.org or contact Naomi Funahashi.

Hero Image
2015rsp
All News button
1
Authors
News Type
News
Date
Paragraphs

Today’s landmark deal between six world powers and Iran, which would limit Iran’s nuclear program in exchange for lifting economic sanctions, was an important step toward stopping Iran from building a nuclear bomb.

However, the key challenge for the international community will be making sure Iran keeps its part of the bargain, according to Stanford experts.

“Both sides have made a series of compromises that will help Iran’s economy in exchange for constraining its nuclear capabilities – and that’s a deal worth making, in my view,” said Scott Sagan, the Caroline S.G. Munro professor of political science and senior fellow at the Center for International Security and Cooperation.

“Iran will still have a technical capability to develop nuclear weapons, given the technology and materials that they have, but under this deal it will both take them a much longer period of time and would require them to take actions that would be easily discerned by the International Atomic Energy Agency, so it constrains their break-out capabilities in important ways.”

[[{"fid":"219719","view_mode":"crop_870xauto","fields":{"format":"crop_870xauto","field_file_image_description[und][0][value]":"","field_file_image_alt_text[und][0][value]":"","field_file_image_title_text[und][0][value]":"Final plenary session at the United Nations Office in Vienna, Austria. Photo credit: U.S. State Department","field_credit[und][0][value]":"","field_caption[und][0][value]":"","field_related_image_aspect[und][0][value]":"","thumbnails":"crop_870xauto","pp_lightbox":false,"pp_description":false},"type":"media","attributes":{"title":"Final plenary session at the United Nations Office in Vienna, Austria. Photo credit: U.S. State Department","width":"870","style":"width: 400px; height: 266px; float: right; margin-left: 15px","class":"media-element file-crop-870xauto"}}]]The U.S.-led negotiations also included fellow United Nations Security Council members Britain, China, France, and Russia, as well as Germany – a group known collectively as as the "P5+1."

Sig Hecker, former Los Alamos National Laboratory director and senior fellow at Stanford’s Center for International Security and Cooperation, said the nuclear deal was “hard-won and is better than any other reasonably achievable alternative.”

“Iran agreed to considerably greater restrictions on its program than what I thought was possible before the Joint Plan of Action was signed in November 2013,” said Hecker.

Abbas Milani, director of Iranian studies at Stanford and an affiliate at the Center for Democracy Development and the Rule of Law, called it the “least bad deal” for both Iran and the international community.

“Nobody gets everything they want,” Milani said. “Every side gets some of what they want.”

Under the deal, Iran would be allowed to continue to enrich uranium for peaceful purposes in its energy and health industries.

But it would have to reduce the number of its centrifuges from 19,000 to 6,000, and cut its stockpile of low enriched uranium down from more than 20 thousand pounds to about 660 pounds.

“Reducing that stockpile actually lengthens the breakout time more than any other measure,” said Hecker.

These limits were designed to increase the “breakout time” it would take for Iran to produce enough fissile material to make a nuclear weapon from the current two to three months, to one year over a period of the next 10 years.

The agreement still faces a series of political hurdles before it gets implemented, and will face tough scrutiny from a Republican-controlled U.S. Congress, as well as the parliaments of European countries that were parties to the talks.

“I think it’s going to be hard for the U.S. Congress and [European] parliaments to kill the deal and be perceived as the ones who would rather have a war than give diplomacy a chance,” said Thomas Fingar, distinguished fellow at the Freeman Spogli Institute for International Studies.

[[{"fid":"219720","view_mode":"crop_870xauto","fields":{"format":"crop_870xauto","field_file_image_description[und][0][value]":"","field_file_image_alt_text[und][0][value]":"","field_file_image_title_text[und][0][value]":"The Iranian delegation attend the final plenary session in Vienna, Austria. Photo credit: U.S. State Department","field_credit[und][0][value]":"","field_caption[und][0][value]":"","field_related_image_aspect[und][0][value]":"","thumbnails":"crop_870xauto","pp_lightbox":false,"pp_description":false},"type":"media","attributes":{"title":"The Iranian delegation attend the final plenary session in Vienna, Austria. Photo credit: U.S. State Department","width":"870","style":"width: 400px; height: 268px; float: right; margin-left: 15px","class":"media-element file-crop-870xauto"}}]]If the deal survives the inevitable political challenges, inspectors from the International Atomic Energy Agency will be responsible for confirming that Iran is living up to its obligations.

“The key is going to be the effectiveness of the verification procedures and IAEA access,” Fingar said.

“There’s an element of trust, but a far more important part is the rigorous verification protocols.”

As soon as the IAEA confirms that Iran is abiding by the terms of the agreement, economic sanctions can be lifted.

Sagan warned that the international community should not be surprised if Iran pushed the limits of the agreement, and should be ready to reimpose economic sanctions if Iran violated the deal.

“We should anticipate that Iranian opponents to the agreement will try to stretch it and do things that are potential violations and that we have to call them on that, and not treat every problem that we see as unexpected,” said Sagan.

“We should anticipate such problems and be ready, if necessary, to reimpose sanctions. Having the ability to reimpose sanctions is the best way to deter the Iranians from engaging in such violations.”

But Hecker said the international community should focus on incentivizing Iran.

“The best hope is to make the civilian nuclear path so appealing – and then successful – that Tehran will not want to risk the political and economic consequences of that success by pursuing the bomb option,” he said.

Image
19067549804 85591212aa o
The negotiations were a diplomatic balancing act, with serious consequences for both sides of the negotiations if they failed to reach an agreement.

Iran faced the threat of military action if it continued to press forward with its nuclear program.

While Russia and China had both signaled that they were likely to abandon the sanctions regime if talks fell apart.

One of the key challenges to reaching an agreement was “finding a language that would allow both parties to declare victory”, according to Milani.

“Iran has clearly made some very substantive concessions, but Iran has also been allowed to keep enough of its infrastructure so that it can declare at least partial victory for the domestic political audience."

Now the scramble is on in Tehran to claim credit for the deal.

Reformists, led by current Iranian President Hassan Rouhani and former president Akbar Hashemi Rafsanjani, hope it will strengthen their hand as they head into the next election.

On the other side of the political spectrum, conservatives believe it could give them the edge in the battle to succeed Ayatollah Ali Khamenei as Iran’s Supreme Leader.

“They understand that whoever gets the credit for this will be in a much better position to determine the future leadership and future direction of Iran’s foreign policy,” said Milani.

It’s too early to tell what impact the agreement might have on Iran’s foreign policy, which is often at odds with U.S. interests in hot spots like Iraq, Syria, Yemen and Afghanistan. But Sagan said today’s deal was an important step in making sure that future conflicts with Iran don’t go nuclear.

“Hopefully those disagreements will be played out without the shadow of nuclear weapons hanging over the future, and that’s a good thing.”

Hero Image
19663913956 8ed26a22fe o
U.S. Secretary of State John Kerry speaks with Hossein Fereydoun, the brother of Iranian President Hassan Rouhani, and Iranian Foreign Minister Javad Zarif before announcing a historic nuclear agreement to reporters in Vienna, Austria.
U.S. State Department
All News button
1
Paragraphs

Following in the footsteps of last year’s international conference on violence and policing in Latin American and U.S. Cities, on April 28th and 29th of 2015, the Program on Poverty and Governance (PovGov) at Stanford’s Center on Democracy, Development and the Rule of Law (CDDRL) turned Encina Hall at the Freeman Spogli Institute of International Studies (FSI) into a dynamic, instructive and stimulating discussion platform. The exchange of experiences, expertise and ideals that flourished within this space helped create a “dialogue for action,” as speakers and participants explored the various dimensions of youth and criminal violence in Mexico, Brazil and the United States, while advocating for the importance of opening up adequate pathways to hope. The event was sponsored by the Center for Latin American Studies, The Bill Lane Center for the America West, The Mexico Initiative at FSI, and the Center on International Security and Cooperation.

For a link to the conference event page, click here.

To find out more about CDDRL's Program on Poverty and Governance, click here.

All Publications button
1
Publication Date
Authors
Veriene Melo
Paragraphs

This paper reexamines Japanese policy choices during its banking crisis in the 1990s and draws some lessons relevant for the United States and Europe in the aftermath of the global financial crisis of 2007–09. The paper focuses on two aspects of postcrisis economic policy of Japan: the delay in bank recapitalization and the lack of structural reforms. These two policy shortcomings retarded Japan’s recovery from the crisis and were responsible for its stagnant postcrisis growth. The paper also suggests some political economy factors that contributed to the Japanese policies. In France, Italy, and Spain bank recapitalization has been delayed and the structural reforms have been slow. Without drastic changes, they are likely to follow Japan’s path to long economic stagnation. The situation in Germany looks somewhat better mainly because the structural reform was undertaken before the crisis. Although the recovery has been slow in the United States as well, the problems are at least different from those faced by Japan then and many European countries now.

All Publications button
1
Publication Type
Journal Articles
Publication Date
Journal Publisher
IMF Economic Review
Authors
Takeo Hoshi
Subscribe to North America