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Each year, the World Economic Forum recognizes and acknowledges up to 200 outstanding young leaders from around the world for their professional accomplishments, commitment to society and potential to contribute to shaping the future of the world. For 2010, the Forum has selected 197 Young Global Leaders (YGLs) from 72 countries and all stakeholders of society (business, civil society, social entrepreneurs, politics and government, arts and culture, and opinion and media).

One honoree is Abebe Gellaw, CDDRL visiting scholar, who is recognized for his long standing work for freedom of expression, justice, democracy, and dignity in Ethiopia. He came to Stanford in 2009 as a Knight/Yahoo! International Fellow.

"I am not only thrilled but also humbled to be included in this year's YGL list of honorees," Gellaw remarked after the names of the honorees were announced, "I started mixing journalism and advocacy in 1993 as the government fired 42 respected professors from Addis Ababa University, where I was a student leader organizing protests against the misguided and destructive policies of the regime that has hijacked Ethiopia's hope for a democratic transition and decent future."

"The World Economic Forum is a true multistakeholder community of global decision-makers in which the Young Global Leaders represent the voice for the future and the hopes of the next generation. The diversity of the YGL community and its commitment to shaping a better future through action-oriented initiatives of public interest is even more important at a time when the world is in need of new energy to solve intractable challenges," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

The Young Global Leaders 2010 were chosen from a pool of almost 5,000 candidates by a selection committee, chaired by H.M. Queen Rania Al Abdullah of the Hashemite Kingdom of Jordan and comprised of eminent international media leaders including Steve Forbes, CEO of Forbes Media, James Murdoch, CEO of News Corporation (Europe and Asia), Arthur Sulzgerber, Chairman and Publisher of the New York Times, Tom Glocer, CEO of Thomson Reuters and Elizabeth Weymouth, Editor-at-Large and Special Diplomatic Correspondent of Newsweek.

The 2010 honourees will become part of the broader Forum of Young Global Leaders community that currently comprises 660 outstanding individuals. The YGLs convene at an annual summit - this year it will be in Dar es Salaam, Tanzania, 2-7 May 2010, the first time in Africa and the largest ever gathering of YGLs - as well as at Forum events and meetings throughout the year, according to a press release issued by the World Economic Forum.

 

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Robert D. Hormats is the Under Secretary of State for Economic, Energy, and Agricultural Affairs.

Formerly, Mr. Hormats was the Vice Chairman of Goldman Sachs International from 1982 to 2009.

Mr. Hormats served as Assistant Secretary of State for Economic and Business Affairs from 1981 to 1982, as Ambassador and Deputy U.S. Trade Representative from 1979 to 1981, and as Senior Deputy Assistant Secretary for Economic and Business Affairs at the Department of State from 1977 to 1979. He served as a Senior Staff Member for International Economic Affairs on the National Security Council from 1969 to 1977, where he was Senior Economic Advisor to Dr. Henry Kissinger, General Brent Scowcroft, and Dr. Zbigniew Brzezinski. Mr. Hormats was a recipient of the French Legion of Honor in 1982 and Arthur Fleming Award in 1974.

Mr. Hormats has been a visiting lecturer at Princeton University and is a member of the Board of Visitors of the Fletcher School of Law and Diplomacy and the Dean's Council of the John F. Kennedy School of Government at Harvard University. He is a member of the Council on Foreign Relations and a board member of the Irvington Institute for Immunological Research, Engelhard Hanovia, Inc., The Economic Club of New York, and Freedom House.

Mr. Hormats' publications include The Price of Liberty: Paying for America's Wars from the Revolution to the War on Terror; Abraham Lincoln and the Global Economy; American Albatross: The Foreign Debt Dilemma; and Reforming the International Monetary System. Mr. Hormats' articles have appeared in Foreign Affairs, Foreign Policy, The New York Times, The Washington Post, The Wall Street Journal, American Banker, and The Financial Times.

Mr. Hormats earned a B.A. from Tufts University in 1965 with a concentration in economics and political science. In 1966 he earned an M.A. and, in 1970, a Ph.D. in international economics from the Fletcher School of Law and Diplomacy.

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Robert Hormats Under Secretary of State for Economic, Energy, and Agricultural Affairs Speaker
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The Clean Development Mechanism (CDM) is the leading international carbon market and a driving force for sustainable development globally. But the eruption of controversy over offsets from Chinese wind power has exposed cracks at the core of how carbon credits are verified in developing economies. It has become almost impossible to determine whether offsets from Chinese wind are "additional" and that they in fact represent "real" reductions beyond business as usual. Unless this problem can be resolved, it threatens to spread beyond wind in China and could threaten the ability of carbon markets to deliver the mitigation demanded by international climate policy.

In 2009 the CDM Executive Board (EB) shocked the carbon market by forcing an unprecedented review of whether multiple Chinese wind projects satisfied UNFCCC additionality requirements. CDM investors reeled as the safest CDM bet became the riskiest; the Chinese government publicly criticized the UN's oversight of carbon markets; and the CDM EB prepared itself for an unprecedented fight over how carbon offsets could be verified in the world's largest CDM market.

At the center of the controversy is the Chinese power tariff for wind.

When the EB observed decreases over time in power tariffs granted by China's National Development and Reform Commission (NDRC) to wind projects, it became concerned that China might be manipulating power tariffs in order to guarantee additionality and subsidize its domestic wind development with international finance. If the Chinese government were controlling additionality, then the CDM's ability to validate carbon offsets would be dealt a near‐lethal blow because the problems posed by Chinese wind extend to nearly all power sector projects in almost every developing country. If offsets cannot be credibly verified, then the integrity of emissions caps set by the Kyoto Protocol is directly threatened.

The Chinese wind controversy therefore has direct implications for the design and negotiation of any successor to the Kyoto Protocol. Despite largely failed negotiations in Copenhagen, the design of reliable, efficient carbon markets remains the world's most serious prospect for international cooperation. The developed world has committed USD 30 billion in climate aid by 2012, but the majority of these funds will likely have to be private capital delivered through markets. In order for carbon markets to avoid controversy and function effectively, the lessons from the Chinese wind controversy must be used to implement key reforms.

This report examines the application of additionality in the Chinese wind power market and draws implications for the design of effective global carbon offset policy. It demonstrates the causes of the wind power controversy, highlights underlying structural flaws in how additionality is applied in China, and charts a reform path that can strengthen the credibility of global carbon markets.

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Program on Energy and Sustainable Development Working Paper #90
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Gang He
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Daniel C. Sneider
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In his testimony before the House Oversight Committee about Toyota's massive recall efforts, Akio Toyota will learn that you can't win such an encounter. But you can lose. Shorenstein APARC Associate Director for Research Daniel C. Sneider comments on a Japanese CEO learning the lessons of American business the hard way.
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Long before the current global economic crisis, Japan adopted important reforms in commerce, corporate governance, finance, and education. These changes stemming from the 1990s "lost decade" have created new opportunities for entrepreneurial activity.
Following a presentation of new cross-sectional data on 60,000 operating Japanese corporations started in the last decade, the panel will discuss the state of Japanese entrepreneurship. What companies are forming? Who is behind them? What are their potential fates?

This discussion is part of continuing research being undertaken by SPRIE's Stanford Project on Japanese Entrepreneurship and is presented in conjunction with Entrepreneurship Week at Stanford.

About the Panelists

rdasher Richard Dasher
Richard Dasher is Director of the US-Asia Technology Management Center at Stanford University and has been with the Center since 1993. Dr. Dasher maintains an active business consulting practice on international strategy and planning, technology trend and opportunity analysis, and Japan market entry and performance improvement.

 

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bob eberhart
Robert Eberhart is the SPRIE Researcher at the Stanford Program on Regions of Innovation and Entrepreneurship and leads the SPRIE-Stanford Project on Japanese Entrepreneurship. He researches comparative corporate governance of growth companies with emphasis on Japan and the role of institutions in fostering entrepreneurship. Previously, he founded and served as CEO of WineInStyle, a VC-funded start-up Japanese company.

 

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kagami sensei
Shigeo Kagami is Professor and General Manager of Science Entrepreneurship and Enterprise Development (SEED) at the University of Tokyo. His responsibilities there include entrepreneurship education, management of incubation facilities for university start-ups, and relationship management with The University of Tokyo Edge Capital.

 

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Kenji E. Kushida is a Graduate Researcher at the Berkeley Roundtable on the International Economy (BRIE) and a PhD candidate in the Department of Political Science at University of California Berkeley.

 

 

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William Miller is Co-Director of the Stanford Program on Regions of Innovation and Entrepreneurship. Serving as Vice President and Provost of Stanford and President and CEO of SRI International are just two of the many highlights of Dr. Miller's illustrious career in business and academia. He currently serves as Chairman of the Board of Sentius Corporation and is a Founder and Chairman of Nanostellar, Inc.

 

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miner
Allen Miner is a founder and General Partner of SunBridge Partners and founder and Director of SunBridge Corporation. After joining Oracle Corporation in 1986 he founded and helped lead Oracle Japan, and later served as Oracle's Vice President in charge of Linux/Open Source. He founded SunBridge Corporation in 1999 with the aim of creating a dynamic, collaborative environment in which Japanese information technology startups develop at a globally competitive pace.

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richard-lg0001-200x300.jpg PhD

At Stanford University, Dr. Dasher has directed the US-Asia Technology Management Center since 1994, and he has been Executive Director of the Center for Integrated Systems since 1998. He holds Consulting Professor appointments at Stanford in the Departments of Electrical Engineering (technology management), Asian Languages and Cultures (Japanese business), and at the Asia-Pacific Research Center for his work with the Stanford Program on Regions of Innovation and Entrepreneurship. He is also faculty adviser to student-run organizations such as the Asia-Pacific Student Entrepreneurship Society and the Forum for American/Chinese Exchange at Stanford.

From 2004, Dr. Dasher became the first non-Japanese person ever asked to join the governance of a Japanese national university, serving a term as a Board Director (理事) of Tohoku University . He continued as a member of the Management Council (経営協議会) until March 2010, and he now serves as Senior Advisor to the President (総長顧問) of Tohoku University. Dr. Dasher has been a member of the high-profile Program Committee of the World Premier International Research Center Initiative (WPI) of the Japanese Ministry of Education (MEXT) since 2007. He has served on the Multidisciplinary Assessment Committee of the C$500 million Canada Foundation for Innovation Leading Edge Fund in 2007 and again in 2010, and as a member of the Phase I and Phase II Review Panels of the C$200 million Canada Excellence Research Chairs Program in 2008 and again in 2010. He was a distinguished reviewer of the Hong Kong S.A.R. study on innovation in 2008–09, and since 2007 he has been a member of the Foresight Panel of the German Ministry of Education and Research. From 2001–03, Dr. Dasher was on the International Planning Committee advising the Japanese Minister of State for Science and Technology Policy in regard to the formation of the Okinawa Institute of Science and Technology.

As allowed by Stanford policy, Dr. Dasher maintains an active management consulting practice, through which he is an advisor to start-up companies and large firms in the U.S., Japan, and China. He has been a board director of Tokyo-based ZyCube Inc. since 2006, and he is founder and chairman of Pearl Executive Shuttle in Valdosta, Georgia, U.S.A. In the non-profit sector, he is a Board Director of the Japan Society of Northern California and the Keizai Society U.S. – Japan Business Forum, and he is an advisor to organizations such as the Chinese Information and Networking Association, the Silicon Valley – China Wireless Technology Association, and the International Foundation for Entrepreneurship in Science and Technology (iFEST). In 2010 he served as a consultant to The Indus Entrepreneurs (TiE) in regard to their establishment of a worldwide remote mentoring program for entrepreneurs. Dr. Dasher frequently gives speeches and seminars throughout Japan and Asia, as well as in the U.S. Recent appearances include the Nikkei Shimbun Business Innovation Forum, the Foreign Correspondents Club of Japan, speaking tours of Japan co-sponsored by METI and the U.S. Embassy in Tokyo, and guest lectures at Chubu University, Kochi University of Technology, Ritsumeikan Asia Pacific University, and the University of Tokyo.

From 1990–93, Dr. Dasher was a board director of two privately-held Japanese companies in Tokyo, at which he developed new business in international licensing of media rights packages and other intellectual properties. From 1986–90, he was Director of the U.S. State Department’s Foreign Service Institute advanced field schools in Japan and Korea, which provide full-time language and area training to U.S. and select Commonwealth country diplomats assigned to those countries. He received M.A. and Ph.D. degrees in Linguistics from Stanford University and, along with Prof. Elizabeth Closs Traugott, he is co-author of the often-cited book Regularity in Semantic Change (Cambridge University Press, 2002). He received the Bachelor of Music degree in clarinet and orchestra conducting from the San Francisco Conservatory of Music, where he served on the faculty from 1978-85.

Richard Dasher Panelist
Robert Eberhart Panelist
Shigeo Kagami Professor and General Manager Panelist Science Entrepreneurship and Enterprise Development, University of Tokyo
Kenji Kushida BRIE Fellow Panelist UC Berkeley
William F. Miller Panelist
Allen Miner Founder and General Partner Panelist Sunbridge Partners
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Paul L. and Phyllis Wattis Professor of Management
Dhirubhai Ambani Faculty Fellow in Entrepreneurship for 2009-2010
Director of the Executive Program for Growing Companies
SPRIE Affiliated Faculty
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George Foster's research and teaching includes entrepreneurship/early-stage companies; financial analysis, especially in commercial disputes; and sports business management. His recent research includes the role of financial and other systems in the growth and valuation of companies. He also is researching globalization challenges facing both sporting organizations and companies.

George Foster holds undergraduate and graduate degrees in economics from the University of Sydney and a doctorate from the Graduate School of Business, Stanford University. He taught at the University of Chicago and the Australian Graduate School of Management prior to joining the GSB faculty at Stanford University.

His writings include over thirty research articles and three monographs, as well as multiple editions of several textbooks. Foster's early and continuing research was on the role of financial analysis in the valuation and growth of companies. He subsequently broadened his research interests to include management control systems, entrepreneurship/venture capital, and sports business management. His textbook writings include Financial Statement AnalysisCost AccountingA Managerial Analysis; and The Business of Sports.

Foster has won multiple research awards including the AICPA Award for Outstanding Contribution to the Accounting Literature (twice) and the Competitive Manuscript Award of the American Accounting Association (twice). He is a winner of the Distinguished Teaching Award at Stanford Business School and has been awarded honorary doctorates from the University of Ghent (Belgium) and the University of Vaasa (Finland).

Foster is actively involved in the business community, especially with venture-capital backed startup companies and has served on the Board of Directors of multiple companies. He is also actively involved with sporting organizations around the globe, including directing executive programs for the National Basketball Players Association (NBPA) and for the National Football League (NFL).

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The Indian economy has expanded at a fairly steady and rapid rate in the past fifteen years, and part of that expansion has been a greatly increased demand for university graduates, particularly for those in technical fields. As of 2008, India was the largest producer and exporter of IT enabled services in the developing world. At the same time, Indian higher education has also expanded rapidly, both in the number of students enrolled and number of institutions—now four times the number in the US and Europe and more than twice that of China. The growth of private colleges in technical and business fields is an important feature of India’s higher education expansion, but it needs to be interpreted carefully. The rapid expansion of unaided colleges affiliated with universities is gradually transforming the role of public universities into regulating, degree-granting institutions and away from teaching or research (Kapur, 2009). Further, the form that higher education expansion took in India in the 2000s resulted in a steady reduction in public spending per student in higher education in the early 2000s. 

State authorities appear increasingly willing to grant support for private unaided colleges to become autonomous universities, thereby loosening the regulatory power over the institutions’ decision making.  At the same time, many signals (including the government’s 2012 higher education enrollment target of 15 percent of age cohort—approximately 21 million students) point toward considerable expansion of public universities and colleges over the next 4-5 years. The total number of students in all these institutions together, however, will be small compared to the total output of India’s technical colleges.

Given this background and some preliminary data we have from student and institutional surveys and interviews in Indian technical colleges and universities, we try to address several important issues in Indian higher education:

  1. What is the essence of the higher education financing system established by government policies and what can we infer from that financing system about government goals for higher education in the next ten years?
  2. How are colleges, their faculty, and their students reacting to these policies?
  3. What can be said about the current quality of Indian technical/engineering education and its prospects for the future?
  4. What can we conclude from the Indian case about the driving forces shaping higher education and where they are likely to take it?

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Martin Carnoy Vida Jacks Professor of Education Speaker Stanford University School of Education
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