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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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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
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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.

Director of the Program on Energy and Sustainable Development
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Awudu Abdulai, chair of food economics at the University of Kiel, Germany, is FSE's Cargill visiting scholar from October 2010 - March 2011. While at Stanford he will be pursuing three research themes. The first looks at how farmers risk preferences influence their decisions to adopt water conservation technologies and how that impacts farm productivity. The second examines how social capital, property rights and tenure duration affect farmers' investment decisions on sustainable management practices. The third involves an analysis of the welfare impacts of cultivating export crops in Sub-Saharan Africa.

Prior to joining the faculty at the University of Kiel, Professor Abdulai taught at the Swiss Federal Institute of Technology, Zurich (ETH) and also held visiting positions at the Departments of Economics at Yale University and Iowa State University, as well as the International Food Policy Research Institute, Washington, DC. Abdulai is originally from Ghana and his fields of interests span development economics, consumer economics and industrial organization.

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FSI's 2010 Fall Orientation welcomed faculty, staff, researchers, and friends of the institute to the new academic year and highlighted the institute's diverse research collaborations, educational programs, and policy engagement.  Presentations on display and in live video offered highlights of the current work of FSI centers and programs on many of the most challenging issues of the day. In his welcoming remarks, FSI Director Coit Blacker emphasized the interdisciplinary, cross-campus nature of FSI's work and thanked the FSI community for their many contributions to new knowledge and new approaches to many of the most pressing issues on today's global agenda.

This year's Orientation attracted the largest turnout to date. On continual display was a slide show capturing research of FSI centers and programs in the field and multi-disciplinary work here at the institute, along with highlights of FSI conferences, lectures, and policy endeavors compiled by FSI's Nora Sweeny.

Among the highlights were the following displays:

  • A presentation by the Center for International Security and Cooperation on the center's research, writing, policy influence, and Track II Diplomacy
  • A display of the many books published by the Walter Shorenstein Asia-Pacific Research Center showing the range of economic, political, and regional issues addressed by APARC scholars, and a photo slideshow of recent events and publications demonstrating the breadth of faculty work bridging the U.S. and Asia
  • A presentation by The Europe Center, newly launched and housed jointly in FSI and the Division of International and Comparative Area Studies, featuring major research areas, visiting scholars, publications, and notable events
  • A presentation by Stanford Health Policy capturing its multidisciplinary work in medicine, law, business, economics, engineering, and psychology
  •  A presentation by the Ford Dorsey Program in International Policy Studies, a two-year interdisciplinary Master's program, which captured the IPS practicum, scholarly concentrations, internships, and careers
  • A presentation by the Program on Energy and Sustainable Development featuring its work on environmental and policy research employing state of the art methodology to examine such issues as renewable energy, natural gas markets, national oil companies, low-income energy services, and climate change policy
  • A presentation by the Program on Food Security and the Environment which addresses hunger, poverty, and environmental degradation. FSE showcased its current research on topics such as solar electrification, food and nutrition security, climate change and conflicts, and evolving U.S. energy policy, as well as its upcoming series on Food Policy, Food Security, and the Environment
  • A presentation by the Stanford Program on International and Cross-Cultural Education, which develops multi-disciplinary curriculum materials on international themes reflecting FSI scholarship. Recent educational projects include a three-part series examining U.S.-South Korean relations, Uncovering North Korea, and Inter-Korean Relations; and a collaboration with TeachAIDS, which works to address and overcome the social and cultural challenges related to HIV/AIDS prevention education through materials offered via the internet and CDs in several languages, http://teachaids.org
  • A presentation featuring the Stanford Global Gateway, a comprehensive directory of Stanford in the world
  • A presentation previewing the vision and mission of the Stanford Center at Peking University, opening Fall 2011

Other highlights included the presentations prepared by Stanford students who worked in the field this past summer. One group worked in China, developing a survey on nutrition and anemia and their effect on learning, with FSI's Scott Rozelle, Director of the Rural Education Action Program. A second group helped Dr. Paul Wise, professor of pediatrics and Stanford Health Policy core faculty member, evaluate prenatal care in the rural highlands of Guatemala.

 

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Department of Food Economics and Consumption Studies
University of Kiel, Olshausenstrasse 40,
24098 Kiel, Germany

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Cargill Visiting Fellow
Awudu_abdulai.png MA, PhD

Awudu Abdulai, chair of food economics at the University of Kiel, Germany, was FSE's Cargill visiting scholar from October 2010 - March 2011. While at Stanford he pursued three research themes. The first looked at how farmers risk preferences influence their decisions to adopt water conservation technologies and how that impacts farm productivity. The second examined how social capital, property rights and tenure duration affect farmers' investment decisions on sustainable management practices. The third involved an analysis of the welfare impacts of cultivating export crops in Sub-Saharan Africa.

Prior to joining the faculty at the University of Kiel, Professor Abdulai taught at the Swiss Federal Institute of Technology, Zurich (ETH) and also held visiting positions at the Departments of Economics at Yale University and Iowa State University, as well as the International Food Policy Research Institute, Washington, DC. Abdulai is originally from Ghana and his fields of interests span development economics, consumer economics and industrial organization.

Edwin O. Reischauer, Harvard Professor and U.S. Ambassador to Japan, was a seminal figure in both American education about and policy toward East Asia. In his detailed new biography, Dr. George Packard brings together his scholarship and his personal experience working for Reischauer in the early 1960s.

Re-centering the U.S.-Japan Alliance after the turmoil of the 1960 Security Treaty Riots, Ambassador Reischauer relied on his deep understanding of and sympathy for Japan, stabilizing the bilateral relationship for decades. Packard's insights on this history have bearing today as the United States and Japan seek to build a new partnership to cope with emerging challenges.

George R. Packard, president of the United States-Japan Foundation, is the former dean of the Johns Hopkins School of Advanced International Studies, where he founded Johns Hopkins's Foreign Policy Institute, The SAIS Review, the Reischauer Center for East Asian Studies, and the Hopkins-Nanjing Center in China. He has been a military intelligence officer, Foreign Service Officer, journalist, scholar, educator, and author.

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Dr. George Packard President Speaker The United States-Japan Foundation
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Gerald Warburg earned his BA in Political Science and Education at Hampshire College and MA in Political Science at Stanford in 1979, where he worked closely with CISAC fellows. He is now Executive Vice President of Cassidy & Associates, a prominent public affairs firm in Washington DC, and has served as a visiting professor at Georgetown University, Penn, Stanford, and Hampshire. He has also recently been appointed Professor of Practice of Public Policy at the University of Virginia’s Frank Batten School of Leadership and Public Policy. Warburg has more than a decade of experience as a senior aide to members of both the U.S. House and Senate leadership. As Legislative Assistant to U.S. Senate Democratic Whip Alan Cranston on Trade, Defense, and Foreign Policy, he coordinated the Senator’s work on the Committees on Foreign Relations, Intelligence, and the International Finance and Monetary Policy Subcommittee of the Banking Committee. Previously, Mr. Warburg served as Legislative Assistant for Energy, Environment and Trade issues to U.S. Representative Jonathan B. Bingham, Chairman of the International Economic Policy and Trade Subcommittee of the House Foreign Affairs Committee. Mr. Warburg was also an aide to U.S. Senator John Tunney on the Joint Committee on Atomic Energy. He is the author of Conflict and Consensus: The Struggle Between Congress and the President Over Foreign Policymaking (Harper & Row, 1989), and a novel (about Stanford China scholars) entitled The Mandarin Club, (Bancroft Press, 2006).

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Gerry Warburg Executive Vice President Speaker Cassidy & Associates
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Donald K. Emmerson
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The United States and the ASEAN group of nations have further strengthened political, economic and security ties, after their second full-scale summit in New York.

President Barack Obama said the Association of Southeast Asian Nations, which groups ten countries, had the potential for true world leadership. President Obama also made it clear that he saw Asia as a vital plank of US foreign policy.

DR EMMERSON: In the run-up to the summit, there was a big question. Would the partnership be declared as being strategic in nature? That was a key word in the discussion and what happened was the leaders basically finessed the issue. It's not hard to suspect that they worried that if they declared a strategic partnership with the United States, this would cause alarm in Beijing. Because let's remember in the run-up to this summit, we've had a lot of activity - the split between China and Japan over the disputed islands, one could continue with some evidence of a more muscular Chinese foreign policy, its commitment to its claim to possess basically the entire South China Sea, escalating that to the level of a core interest, presumably equivalent to their interest in recovering Taiwan. I could go on, but in many case, it was understandable that the subtext of the meeting was what will China think? So basically what the summit did was to finesse the issue. They decided to pass on the question of raising the partnership to quote - a strategic level - unquote, to the ASEAN US Eminent Persons Group, presumably expert advisors that would be convened and would make recommendations down the road.

And one of the most remarkable things about the statement was how much ground it covered. I mean, among the topics and issues that the leaders committed themselves to do something about, were 14 as I count them, 14 different subjects. Human rights, educational change, trade and investment, science, technology, climate change, interfaith dialogue, disaster management, illicit trafficking, international terrorism, I could go on. So it is clear to me that one of the tasks that ASEAN and the US will have to face in the coming months, is to try to insert some sense of priority.

LAM: On that issue of priority, the US President, Barack Obama, of course, postponed a couple of visits to Indonesia due to pressing domestic demands. Did he in anyway express American commitment to the ASEAN region?

DR EMMERSON: Yes, this was particularly kind of, I suppose you could say, evident in the fact that the meeting occurred at all, finally it was organized. It lasted two hours. He was apparently quite engaged and engaging during that period of time. And I think there is no question that the United States under his administration is committed to South East Asia as a region, indeed has agreed with the leaders of ASEAN, that ASEAN should play a central role in the process of building regional cooperation in East Asia.

LAM: And, of course, one of the topics that came up as well was the South China Sea, that entire region, given the competing maritime and territorial claims vis-à-vis the Spratley and Paracel Island groups. Do you think China is watching the US relationship with ASEAN, this growing relationship - do you think Beijing might be watching it with unease?

DR EMMERSON: Yes, absolutely. I am confident that they are watching it with considerable unease and I note that the statement that the leaders made, made no reference whatsoever to the South China Sea, presumably because of sensitivity with regard to Beijing's possible reaction. The topic was implicitly mentioned, but not explicitly.

LAM: And what about within ASEAN, the grouping itself? The UN Secretary-General, Ban Ki-moon, on the weekend said that the ASEAN nations' credibility might suffer if they did not take a tougher line with Burma and this is in view of the upcoming elections in November. This is presumably directed at specifically China and India, but it could also be referenced to ASEAN could it not, because Burma is a member of ASEAN. Do you see that changing anytime soon with ASEAN, that ASEAN countries, leading members like Indonesia, Malaysia, Singapore, that they might take a stronger stand with the military junta in Rangoon?

DR EMMERSON: The election in Myanmar, if I can call it an election, since it will be highly compromised and manipulated will take place, at least is scheduled to take place November 7th. Indonesia does not take over the chairmanship of ASEAN until the 1st January. So the question is, since Indonesia is a democratic country, arguably, the most democratic of any country in South East Asia, will it use its opportunity to try to put pressure on Burma in the year 2011? My own view is that ASEAN will probably not fulfill Ban Ki-moon's hope, will not exercise significant pressure on the junta. Instead, we could get the opposite situation in which so long as there is not major violence associated with the election, it will essentially be received by ASEAN as a kind of minimally-acceptable basis for assuring the Burmese junta that ASEAN still treats them as a full member. In other words, it's quite possible that the junta may get away with what I take to be a kind of facade effort to legitimate their rule.

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Donald K. Emmerson, director of the Southeast Asia Forum
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