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Regulations on new drugs, drug prices, and other aspects of the Japan's pharmaceutical industry had in effect protected domestic manufacturers and kept them from inventing a truly innovative new drug. As the deregulation and the international harmonization of the drug market proceed, disintegrated Japanese drug makers will need to ally or integrate with partners in and out of the industry.

M&A will have a positive effect on the marketing, but not necessarily on the research. Possible increase of university TLO and spinouts in Japan can improve the access to the information in Japanese universities, but the access is open to both domestic and international companies. Alliances between drug makers and the local parties with an international competitive edge, such as electronics and precision mechanics, may produce a unique synthesis.

Atsuomi Obayashi is currently a visiting scholar at Stanford University's Asia/Pacific Research Center and associate professor at the Keio University Graduate School of Business Administration. His research topics include application of the game theory, the contract theory and economics of the R&D. He received his Ph. D. in public policy from the University of Chicago in 1996 and an LL.B. from Kyoto University, Japan, in 1983.

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Atsuomi Obayashi Visiting Scholar, APARC Associate Professor, Graduate School of Business Administration, Keio University
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David W. Brady is a political scientist whose work encompasses American politics and legislative bodies, international political trends, and comparative politics. Brady holds the Bowen H. and Janice Arthur McCoy endowed chair at the Graduate School of Business and is a professor of political science in Stanford University's School of Humanities and Sciences. A dedicated and popular teacher, Professor Brady is a past recipient of Stanford's Phi Beta Kappa Distinguished Teacher Award, presented for his work with undergraduates, and of the Robert K. Jaedicke Silver Apple Award, presented by the Stanford Business School Alumni Association for his participation in alumni activities.

Brady recently served as an associate dean for academic affairs at the Business School and continues to serve as director of the School's programs in executive education. He is a senior fellow at the Hoover Institution and senior fellow by courtesy at the Institute for International Studies, both on campus. David is also co-director of the University's Social Science History Institute and associate director of the University's Public Policy Program. He is a fellow of the American Academy of Arts and Sciences and member of the advisory council for the Kansai Silicon Valley Venture Forum.

His publications include Change and Continuity in House Elections (eds. with J. Cogan), Stanford University Press (2000), Revolving Gridlock, Westview Press (1998); "Congress in the Era of the Permanent Campaign," Brookings Review, forthcoming 2000; "The Roots of Careerism in the U.S. House of Representatives," Legislative Studies Quarterly, (1999); "The SNTV and the Politics of Electoral Systems in Korea," in Electoral Systems in Asia (University of Michigan Press (1999); "Out of Step, Out of Office: Legislative Voting Behavior and House Election Outcomes," in Change and Continuity in House Elections, Stanford University Press (1999).

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Morris M. Doyle Centennial Professor in Public Policy, Bowen H. & Janice Arthur McCoy Professor in Leadership Values, Professor of Political Science
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David Brady is deputy director and senior fellow at the Hoover Institution. He is also the Bowen H. and Janice Arthur McCoy Professor of Political Science and Ethics in the Stanford Graduate School of Business and professor of political science in the School of Humanities and Sciences at the university.

Brady is an expert on the U.S. Congress and congressional decision making. His current research focuses on the political history of the U.S. Congress, the history of U.S. election results, and public policy processes in general.

His recent publications include, with John Cogan, "Out of Step, Out of Office," American Political Science Review, March 2001; with John Cogan and Morris Fiorina, Change and Continuity in House Elections (Stanford University Press, 2000); Revolving Gridlock: Politics and Policy from Carter to Clinton (Westview Press, 1999); with John Cogan and Doug Rivers, How the Republicans Captured the House: An Assessment of the 1994 Midterm Elections (Hoover Essays in Public Policy, 1995); and The 1996 House Elections: Reaffirming the Conservative Trend (Hoover Essays in Public Policy, 1997). Brady is also author of Congressional Voting in a Partisan Era (University of Kansas Press, 1973) and Critical Elections in the U.S. House of Representatives (Stanford University Press, 1988).

Brady has been on continuing appointment at Stanford University since 1987. He was associate dean from 1997 to 2001 at Stanford University; a fellow at the center for Advanced Study in the Behavioral Sciences from 1985 to 1986 and again in 2001-2; the Autrey Professor at Rice University, 1980-87; and an associate professor and professor at the University of Houston, 1972-79.

In 1995 and 2000 he received the Congressional Quarterly Prize for the "best paper on a legislative topic." In 1992 he received the Dinkelspiel Award for Excellence in Undergraduate Teaching from Stanford University, and in 1993 he received the Phi Beta Kappa Award for best teacher at Stanford University.

Brady taught previously at Rice University, where he was honored with the George Brown Award for Superior Teaching. He also received the Richard F. Fenno Award of the American Political Science Association for the "best book on legislative studies" published in 1988-89.

He is a member of the American Academy of Arts and Sciences.

Brady received a B.S. degree from Western Illinois University and an M.A. in 1967 and a Ph.D. in 1970 from the University of Iowa. He was a C.I.C. scholar at the University of Michigan from 1964 to 1965.

David Brady Professor, Graduate School of Business and Political Science Speaker Stanford University
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Professor Malcolm Potts Speaker UC Berkeley
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