Energy geopolitics in East Asia have reflected strong competition among major energy consuming countries (China, Japan and Korea) despite the alleged necessity of energy cooperation to cope with uncertainties in the global energy market and to prevent potential conflicts regarding energy supply. Lacking abundant energy resources, South Korea has to face the tough challenges of energy supply and climate change as well as the North Korean energy and nuclear crisis. In recent years, South Korea has actively pursued overseas energy development to guarantee the stable procurement of hydrocarbon energy resources and introduced a Green Growth policy to deal with the challenges of climate change and clean energy. The Green Growth policy symbolizes a paradigm shift to cope with climate change, fossil fuel depletion, and global economic recession by creating new engines of economic growth through green technology and clean energy. Based on strong political support and policy measures, it has showed noticeable progress in a short period of time, but the transition from a hydrocarbon-based to a renewable-based economy faces enormous uncertainties and challenges. South Korea has also been active in participating East Asian energy cooperation, which is also important in dealing with the serious North Korean energy crisis.

Jae-Seung Lee is a visiting scholar with the Korean Studies Program (KSP) for the 2011–12 academic year, and he is also currently a professor of international studies at Korea University. Before joining the faculty of Korea University, he had served as a professor at the Institute of Foreign Affairs and National Security (IFANS) of Ministry of Foreign Affairs and Trade.  His current research includes energy security and energy diplomacy of Korea.

Jae-Seung Lee has authored a series of books and articles on East Asian energy security. He is a Managing Director of the Center for Energy and Environment at the Institute of Sustainable Development (ISD) at Korea University and has organized the Korea Energy Forum (KEF) since 2005. Professor Lee is editor-in-chief of Korea Review of International Studies and serves as a Member of the Policy Advisory Board of the Presidential Secretariat (Foreign and Security Affairs) and Vice Director of Ilmin International Relations Institute (IIRI). Professor Lee holds a BA in political science from Seoul National University and an MA and a PhD in political science from Yale University. He has taught at Yale University, Seoul National University, and Korea University. 

This event is made possible by the generous support from the Koret Foundation.

Richard Morse was the featured speaker at the UT Energy Symposium on November 3^rd.  His talk, entitled, “Beyond Climate Policy: Reconciling Climate Change and the ‘Coal Renaissance’”, analyzed global coal markets and their relationship to climate change.

Because coal is the single largest source of global CO2 emissions, Morse argued that any attempt to combat climate change requires a strategy to address coal.  Morse argued that existing climate policy frameworks are not accomplishing this at the scale required, and suggested new frameworks to address the coal and climate challenge that can be deployed in existing energy markets with limited government intervention and support.

Abstract:  

Haber and Menaldo (2011) claim there is little evidence that oil is harmful to democracy, and that previous studies to the contrary were corrupted by omitted variable bias. Michael Ross professor of political science at UCLA will present findings from a paper co-authored with Jørgen Juel Andersen to show there is little evidence of the bias they allege, and point out that they decline to test the most credible version of the resource curse hypothesis.  The versions that they do test, moreover, are based on two implausible assumptions: that oil will effect a country’s regime type immediately, rather than over a period of several years; and that the relationship between oil wealth and political power did not change over the 200 year period covered by their data.  We argue that oil only had strong anti-democratic effects after the 1970s, when most oil-producing autocracies nationalized their industries; and show their main results are overturned when we add to their models a dummy variable for the post-1979 period, and allow the effects of oil to take place over a period of three, five, or seven years, instead of just one year.  

Speaker Bio: 

Michael L. Ross is Professor of Political Science at the University of California, Los Angeles (UCLA), and Director of the Center for Southeast Asian Studies. 

He has published widely on the political and economic problems of resource-rich countries, civil war, democratization, and gender rights; his articles have appeared in the American Political Science Review, American Journal of Political Science, Annual Review of Political Science, British Journal of Political Science, International Organization, Journal of Confiict Resolution, Journal of Peace Research, Politics and Gender, and World Politics.  In 2009, he received the Heinz Eulau Award from the American Political Science Association for the best article published in the American Political Science Review. 

His work has also appeard in Foreign Affairs, Foreign Policy, Harper's, The Los Angeles Times, and been featured in The Washington Post, Newsweek, and many other publications. 

Ross currently serves on the advisory boards of the Review Watch Institute, the Natural Resource Charter, and Clean Trade, and was previously a member of the Advisory Group for the World Bank's Extractive Industries Review.  He is also a member of the Political Instability Task Force and the APSA Task Force on Democracy Audits and Governmental Indicators.

This seminar is jointly hosted by the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) and Greater China Business Club (GCBC) at Stanford Graduate School of Business.

About the seminar

There is often much discussion about the current Chinese economic environment and how it impacts global economic growth. However, to gauge the true impact of China on the world economy, one should look at what will happen over the long term as the country gets closer to the United States in economic strength and maturity. This talk looked at the current trends in the Chinese political and economic arena, the long-term prospects for Chinese economic growth, and how these trends would impact the global economic order. Examples from the technology and internet industry were used to demonstrate this effect and how China would shape global industries.

About the speaker

Chris joined McKinsey & Company’s Asia leadership team in 2011 as a senior advisor in
technology. He leads engagements for clients in the technology, telecommunications and
semiconductor industries and is taking a leadership role in advanced technology areas both in Asia and globally. Previous to McKinsey, Chris was the General Manager of Intel China,
directly responsible for the overall region’s multi-billion dollar P&L. Chris managed Intel
China’s business operations, its technical and development operations, its strategic programs with enterprise, Internet & government customers, and owned the mobile, server, phone, embedded and consumer electronics product lines. Chris also managed Intel’s Olympics Program. During his 3-year tenure ending in 2010, overall revenue increased by over 80%.

Formerly, Chris was Chief of Staff to Intel Executive Vice President Sean Maloney, assisting
Mr. Maloney in leading Intel’s $15 billion mobile PC business as well as its $45 billion global
Sales & Marketing Group. Chris led Intel’s wireless business unit as well as various business
development, sales, marketing and product management teams at Intel. Chris was previously a private equity investor at The Blackstone Group in New York City. He served as a consultant for Bain & Company in South Africa and led the Board of Directors for Decortech, a privatelyheld technology company.

During a six months sabbatical in 2010, Chris led a major charity program in China and was a visiting professor of strategy at the MIT-Fudan University MBA program in Shanghai. Chris’s academic and policy works have been published by Stanford University; in Opportunity ’08 by the Brookings Institution; and in the Strategic Management of Technology and Innovation textbook by Clayton Christensen and Robert Burgelman. Chris has served as a senior fellow at Tsinghua University and was the author of the ‘Asia Diary’ column for Forbes Online. Chris is a member of the Council on Foreign Relations, a member of the National Committee on US-China Relations, and an Advisory Board Member for the Seva Foundation.

Chris received an MBA from Stanford Business School (2001), where he was an Arjay Miller
scholar; a Masters of Arts in Political Science from Stanford University (2001); and a Bachelors of Science in Economics, summa cum laude, from the Wharton School at the University of Pennsylvania (1996).

Chris was born in Washington, D.C., spent his entire childhood in rural Colorado, lived as an
expatriate in France and South Africa, and currently lives with his wife Xiaomin in China.