Will China Fall into a Middle Income Trap? Growth, Inequality and Future Instability
REGISTRATION IS NOW CLOSED
The problem: Despite the recent robust growth, there is concern that as China moves up the income ladder that its high level of inequality may be a breeding ground for future instability. We are not merely talking about the current (today’s) inequality: the 3:1 one urban to rural inequality in per capita income. More importantly, we are concerned about the implications of today’s human capital inequality between China’s cities and its poor rural areas. There are inequality gaps of 30:1 (matriculation into college); and 8:1 (early childhood education gap; and 4:1 (matriculation into fast-tracked academic high schools).
Is this a concern of development economists from the West? Or, is this something in which China’s policy making, academic and business communities are interested. In fact, China’s leaders—including those at the very top—have recently become extremely interested in understanding if anything in the nature of its economy is setting up the country to be headed on a road that could end up in a middle income growth trap.
China knows a lot about its own economy today. There are two questions that are outstanding and which this conference hopes to answer:
ONE: We are interested in what if, anything the implications of the human capital gaps on the economy and political stability (wending) of one to two decades from now.
TWO: Are there lessons from the rest of the world—yesterday, today and tomorrow—that can help formulate policy solutions to potential barriers to rapid and sustained growth?
Approach: In a one day conference at Stanford, sponsored by FSI and SCID, experts from growth, inequality, development and political economy, academics and policy people from inside and outside of China (and from inside and outside of Stanford) will contribute their knowledge.
Output: A monograph that distills the lessons from the conference, the target audience being China’s top leadership and its academic elite (who act as advisors to China’s top leadership).
This document will seek to put the current economic development process through which China is moving into international perspective. The monograph will be coauthored by Scott Rozelle, Nick Hope, Hongbin Li, Liu Shouying, Cai Fang and others.
CONFERENCE AGENDA
7:45 – 8:30 Breakfast
8:30 – 8:45 Welcome: Nicholas Hope, Director, SCID, and Scott Rozelle, Senior Fellow, APARC, Stanford University
8:45 – 10:15 Panel One
Chinese Growth and Inequality: Past and Present
Moderator: Jean Oi (Stanford)
Presenters: Growth and Income Inequality: T. sicular, Professor, U. Western Ontario
Human Capital Inequality: Li Hongbin, Professor, Tsinghua University
Plenary Discussant: Liu Shouying, Development Research Center, State Council
10:15 – 10:30 Coffee Break
10:30 – 12:30 Panel Two
Chinese Growth and Inequality: Future
Moderator: Xueguang Zhou, Professor, Stanford
Presenters: Emerging Growth Patterns: TBD
Status and Outlook for FDI
Thilo Hanemann, Peterson Institute for International Economics
The Collapse of Rural Education: Scott Rozelle, Stanford
Plenary Discussant: Cai Fang, Development Research Center, State Council
12:30 – 2:00 Lunch Break
2:00 – 3:00 Panel Three, Session I
Lessons from Outside of China for China
Inequality and Stagnation: Mexico
Moderator/Discussant: Beatriz Magaloni, Stanford
Human Capital and Mexico’s Labor Markets:
J. Edward Taylor, Professor, UC Davis
Avoiding Collapse: Brazil
Moderator/Discussant: Martin Carnoy, Stanford
Growth, Equity and Stability: Francisco Ferriera, World Bank
3:00 – 3:15 Coffee Break
3:15 – 5:15 Panel Three, Session II
Growth through Restructuring: South Korea:
Moderator/Discussant: Gi-wook Shin, Professor, Stanford University
Presenter: The Education Hedge and Recovery from Crisis: Kwon Daebong, Professor, Korea University
What lessons should be learned? What policies adopted?
Moderator: Nicholas Hope, Stanford
Discussants: Andrew Walder, Stanford, Paul Cavey, MacQuarrie Securities
5:30 – 6:00Reception
6:00 – 7:30 Dinner, Vidilakas Room, Schwab Center, 680 Serra Street, Stanford
John A. and Cynthia Fry Gunn Building
366 Galvez Street
Stanford, CA 94305-6015
Xueguang Zhou
Shorenstein APARC
Stanford University
Encina Hall, E301
Stanford, CA 94305-6055
Xueguang Zhou is the Kwoh-Ting Li Professor in Economic Development, a professor of sociology, and a Freeman Spogli Institute for International Studies senior fellow. His main area of research is on institutional changes in contemporary Chinese society, focusing on Chinese organizations and management, social inequality, and state-society relationships.
One of Zhou's current research projects is a study of the rise of the bureaucratic state in China. He works with students and colleagues to conduct participatory observations of government behaviors in the areas of environmental regulation enforcement, in policy implementation, in bureaucratic bargaining, and in incentive designs. He also studies patterns of career mobility and personnel flow among different government offices to understand intra-organizational relationships in the Chinese bureaucracy.
Another ongoing project is an ethnographic study of rural governance in China. Zhou adopts a microscopic approach to understand how peasants, village cadres, and local governments encounter and search for solutions to emerging problems and challenges in their everyday lives, and how institutions are created, reinforced, altered, and recombined in response to these problems. Research topics are related to the making of markets, village elections, and local government behaviors.
His recent publications examine the role of bureaucracy in public goods provision in rural China (Modern China, 2011); interactions among peasants, markets, and capital (China Quarterly, 2011); access to financial resources in Chinese enterprises (Chinese Sociological Review, 2011, with Lulu Li); multiple logics in village elections (Social Sciences in China, 2010, with Ai Yun); and collusion among local governments in policy implementation (Research in the Sociology of Organizations, 2011, with Ai Yun and Lian Hong; and Modern China, 2010).
Before joining Stanford in 2006, Zhou taught at Cornell University, Duke University, and Hong Kong University of Science and Technology. He is a guest professor at Peking University, Tsinghua University, and the People's University of China. Zhou received his Ph.D. in sociology from Stanford University in 1991.
The Institutional Foundations of the Chinese Bureaucratic State
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Nicholas Hope
Landau Economics Bldg.
579 Serra Mall
Stanford, CA 94305-6015
Nicholas Hope is the Director of the Stanford Center for International Development (SCID). He also directs SCID's China research program. His current research is private enterprise development in China and progress of reforms in China, especially in the financial sector. His interests are in East Asian economies, especially China and Indonesia, and his teaching interests are in development of Asian economies, role and effectiveness of international financial institutions, and thesis supervision of students working in those areas.
Prior to coming to Stanford, Dr. Hope worked at the World Bank as Country Director for China and Mongolia, and Director of the Resident Staff in Indonesia. He is the co-editor, with Dennis Tao Yang and Mu Yang Li, of How Far Across the River?: Chinese Policy Reform at the Millennium (Stanford University Press, 2003). He also co-edited, with Belton M. Fleisher, Anita Alves Pena, and Dennis Tao Yang, Policy Reform and Chinese Markets (Edward Elgar Publishing, 2008).
Dr. Hope received his Ph. D. from Princeton University, and his undergraduate degrees from Oxford University and the University of Tasmania. He was awarded the Tasmanian Rhodes Scholarship and a research fellowship from the Brookings Institution in Washington, D.C.
Scott Rozelle
Encina Hall East, E404
Stanford, CA 94305-6055
Scott Rozelle is the Helen F. Farnsworth Senior Fellow and the co-director of Stanford Center on China's Economy and Institutions in the Freeman Spogli Institute for International Studies and Stanford Institute for Economic Policy Research at Stanford University. He received his BS from the University of California, Berkeley, and his MS and PhD from Cornell University. Previously, Rozelle was a professor at the University of California, Davis and an assistant professor in Stanford’s Food Research Institute and department of economics. He currently is a member of several organizations, including the American Economics Association, the International Association for Agricultural Economists, and the Association for Asian Studies. Rozelle also serves on the editorial boards of Economic Development and Cultural Change, Agricultural Economics, the Australian Journal of Agricultural and Resource Economics, and the China Economic Review.
His research focuses almost exclusively on China and is concerned with: agricultural policy, including the supply, demand, and trade in agricultural projects; the emergence and evolution of markets and other economic institutions in the transition process and their implications for equity and efficiency; and the economics of poverty and inequality, with an emphasis on rural education, health and nutrition.
Rozelle's papers have been published in top academic journals, including Science, Nature, American Economic Review, and the Journal of Economic Literature. He is fluent in Chinese and has established a research program in which he has close working ties with several Chinese collaborators and policymakers. For the past 20 years, Rozelle has been the chair of the International Advisory Board of the Center for Chinese Agricultural Policy; a co-director of the University of California's Agricultural Issues Center; and a member of Stanford's Walter H. Shorenstein Asia-Pacific Research Center and the Center on Food Security and the Environment.
In recognition of his outstanding achievements, Rozelle has received numerous honors and awards, including the Friendship Award in 2008, the highest award given to a non-Chinese by the Premier; and the National Science and Technology Collaboration Award in 2009 for scientific achievement in collaborative research.
Stanford Center on China’s Economy and Institutions
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Jean C. Oi
Department of Political Science
Stanford University
616 Serra Street
Stanford, CA 94305-26044
Jean C. Oi is the William Haas Professor of Chinese Politics in the department of political science and a Senior Fellow of the Freeman Spogli Institute for International Studies at Stanford University. She is the founding director of the Stanford China Program at the Walter H. Shorenstein Asia-Pacific Research Center. Professor Oi is also the founding Lee Shau Kee Director of the Stanford Center at Peking University.
A PhD in political science from the University of Michigan, Oi first taught at Lehigh University and later in the Department of Government at Harvard University before joining the Stanford faculty in 1997.
Her work focuses on comparative politics, with special expertise on political economy and the process of reform in transitional systems. Oi has written extensively on China's rural politics and political economy. Her State and Peasant in Contemporary China (University of California Press, 1989) examined the core of rural politics in the Mao period—the struggle over the distribution of the grain harvest—and the clientelistic politics that ensued. Her Rural China Takes Off (University of California Press, 1999 and Choice Outstanding Academic Title, 1999) examines the property rights necessary for growth and coined the term “local state corporatism" to describe local-state-led growth that has been the cornerstone of China’s development model.
She has edited a number of conference volumes on key issues in China’s reforms. The first was Growing Pains: Tensions and Opportunity in China's Transformation (Brookings Institution Press, 2010), co-edited with Scott Rozelle and Xueguang Zhou, which examined the earlier phases of reform. Most recently, she co-edited with Thomas Fingar, Fateful Decisions: Choices That Will Shape China’s Future (Stanford University Press, 2020). The volume examines the difficult choices and tradeoffs that China leaders face after forty years of reform, when the economy has slowed and the population is aging, and with increasing demand for and costs of education, healthcare, elder care, and other social benefits.
Oi also works on the politics of corporate restructuring, with a focus on the incentives and institutional constraints of state actors. She has published three edited volumes related to this topic: one on China, Going Private in China: The Politics of Corporate Restructuring and System Reform (Shorenstein APARC, 2011); one on Korea, co-edited with Byung-Kook Kim and Eun Mee Kim, Adapt, Fragment, Transform: Corporate Restructuring and System Reform in Korea (Shorenstein APARC, 2012); and a third on Japan, Syncretism: The Politics of Economic Restructuring and System Reform in Japan, co-edited with Kenji E. Kushida and Kay Shimizu (Brookings Institution, 2013). Other more recent articles include “Creating Corporate Groups to Strengthen China’s State-Owned Enterprises,” with Zhang Xiaowen, in Kjeld Erik Brodsgard, ed., Globalization and Public Sector Reform in China (Routledge, 2014) and "Unpacking the Patterns of Corporate Restructuring during China's SOE Reform," co-authored with Xiaojun Li, Economic and Political Studies, Vol. 6, No. 2, 2018.
Oi continues her research on rural finance and local governance in China. She has done collaborative work with scholars in China, including conducting fieldwork on the organization of rural communities, the provision of public goods, and the fiscal pressures of rapid urbanization. This research is brought together in a co-edited volume, Challenges in the Process of China’s Urbanization (Brookings Institution Shorenstein APARC Series, 2017), with Karen Eggleston and Wang Yiming. Included in this volume is her “Institutional Challenges in Providing Affordable Housing in the People’s Republic of China,” with Niny Khor.
As a member of the research team who began studying in the late 1980s one county in China, Oi with Steven Goldstein provides a window on China’s dramatic change over the decades in Zouping Revisited: Adaptive Governance in a Chinese County (Stanford University Press, 2018). This volume assesses the later phases of reform and asks how this rural county has been able to manage governance with seemingly unchanged political institutions when the economy and society have transformed beyond recognition. The findings reveal a process of adaptive governance and institutional agility in the way that institutions actually operate, even as their outward appearances remain seemingly unchanged.
China’s Belt and Road Initiative
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Beatriz Magaloni
Dept. of Political Science
Encina Hall, Room 436
Stanford University,
Stanford, CA
Beatriz Magaloni Magaloni is the Graham Stuart Professor of International Relations at the Department of Political Science. Magaloni is also a Senior Fellow at the Freeman Spogli Institute, where she holds affiliations with the Center on Democracy, Development and the Rule of Law (CDDRL) and the Center for International Security and Cooperation (CISAC). She is also a Stanford’s King Center for Global Development faculty affiliate. Magaloni has taught at Stanford University for over two decades.
She leads the Poverty, Violence, and Governance Lab (Povgov). Founded by Magaloni in 2010, Povgov is one of Stanford University’s leading impact-driven knowledge production laboratories in the social sciences. Under her leadership, Povgov has innovated and advanced a host of cutting-edge research agendas to reduce violence and poverty and promote peace, security, and human rights.
Magaloni’s work has contributed to the study of authoritarian politics, poverty alleviation, indigenous governance, and, more recently, violence, crime, security institutions, and human rights. Her first book, Voting for Autocracy: Hegemonic Party Survival and its Demise in Mexico (Cambridge University Press, 2006) is widely recognized as a seminal study in the field of comparative politics. It received the 2007 Leon Epstein Award for the Best Book published in the previous two years in the area of political parties and organizations, as well as the Best Book Award from the American Political Science Association’s Comparative Democratization Section. Her second book The Politics of Poverty Relief: Strategies of Vote Buying and Social Policies in Mexico (with Alberto Diaz-Cayeros and Federico Estevez) (Cambridge University Press, 2016) explores how politics shapes poverty alleviation.
Magaloni’s work was published in leading journals, including the American Political Science Review, American Journal of Political Science, Criminology & Public Policy, World Development, Comparative Political Studies, Annual Review of Political Science, Cambridge Journal of Evidence-Based Policing, Latin American Research Review, and others.
Magaloni received wide international acclaim for identifying innovative solutions for salient societal problems through impact-driven research. In 2023, she was named winner of the world-renowned Stockholm Prize in Criminology, considered an equivalent of the Nobel Prize in the field of criminology. The award recognized her extensive research on crime, policing, and human rights in Mexico and Brazil. Magaloni’s research production in this area was also recognized by the American Political Science Association, which named her recipient of the 2021 Heinz I. Eulau Award for the best article published in the American Political Science Review, the leading journal in the discipline.
She received her Ph.D. in political science from Duke University and holds a law degree from the Instituto Tecnológico Autónomo de México.
Gi-Wook Shin
Gi-Wook Shin is the William J. Perry Professor of Contemporary Korea in Sociology; senior fellow at the Freeman Spogli Institute for International Studies; the director of the Walter H. Shorenstein Asia-Pacific Research Center since 2005; and the founding director of the Korea Program since 2001, all at Stanford University. As a historical-comparative and political sociologist, his research has concentrated on social movements, nationalism, development, democracy, migration, and international relations.
Shin is the author/editor of twenty-five books and numerous articles. His recent books include Korean Democracy in Crisis: The Threat of Illiberalism, Populism, and Polarization (2022); The North Korean Conundrum: Balancing Human Rights and Nuclear Security (2021); Shifting Gears in Innovation Policy from Asia (2020); Strategic, Policy and Social Innovation for a Post-Industrial Korea: Beyond the Miracle (2018); Superficial Korea (2017); Divergent Memories: Opinion Leaders and the Asia-Pacific War (2016); Global Talent: Skilled Labor as Social Capital in Korea (2015); Criminality, Collaboration, and Reconciliation: Europe and Asia Confronts the Memory of World War II (2014); New Challenges for Maturing Democracies in Korea and Taiwan (2014); Asia’s Middle Powers? (2013); Troubled Transition: North Korea's Politics, Economy, and External Relations (2013); History Textbooks and the Wars in Asia: Divided Memories (2011); South Korean Social Movements: From Democracy to Civil Society (2011); One Alliance, Two Lenses: U.S.-Korea Relations in a New Era (2010); Cross Currents: Regionalism and Nationalism in Northeast Asia (2007); Rethinking Historical Injustice and Reconciliation in Northeast Asia (2006); and Ethnic Nationalism in Korea: Genealogy, Politics, and Legacy (2006). Due to the wide popularity of his publications, many have been translated and distributed to Korean audiences. His articles have appeared in academic and policy journals including American Journal of Sociology, World Development, Comparative Studies in Society and History, Political Science Quarterly, Journal of Asian Studies, Comparative Education, International Sociology, Nations and Nationalism, Pacific Affairs, Asian Survey, Journal of Democracy, and Foreign Affairs.
Shin’s latest book, Talent Giants in the Asia-Pacific Century, a comparative study of talent strategies of Japan, Australia, China, and India, will be published by Stanford University Press in 2025. In Summer 2023, Shin launched the Stanford Next Asia Policy Lab (SNAPL), which is a new initiative committed to addressing emergent social, cultural, economic, and political challenges in Asia. Across four research themes– “Talent Flows and Development,” “Nationalism and Racism,” “U.S.-Asia Relations,” and “Democratic Crisis and Reform”–the lab brings scholars to produce interdisciplinary, problem-oriented, policy-relevant, and comparative studies and publications. In May 2024, Shin also launched the new Taiwan Program at APARC.
Shin is not only the recipient of numerous grants and fellowships, but also continues to actively raise funds for Korean/Asian studies at Stanford. He gives frequent lectures and seminars on topics ranging from Korean nationalism and politics to Korea's foreign relations and historical reconciliation in Northeast Asia and to talent strategies. He serves on councils and advisory boards in the United States and South Korea and promotes policy dialogue between the two allies. He regularly writes op-eds and gives interviews to the media in both Korean and English.
Before coming to Stanford in 2001, Shin taught at the University of Iowa (1991-94) and the University of California, Los Angeles (1994-2001). After receiving his BA from Yonsei University in Korea, he was awarded his MA and PhD from the University of Washington in 1991.
Stanford Next Asia Policy Lab (SNAPL)
Explore SNAPLReengaging North Korea
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Andrew G. Walder
Shorenstein APARC
Stanford University
Encina Hall E301
Stanford, CA 94305-6055
Andrew G. Walder is the Denise O'Leary and Kent Thiry Professor at Stanford University, where he is also a senior fellow in the Freeman Spogli Institute for International Studies. Previously, he served as Chair of the Department of Sociology, Director of the Walter H. Shorenstein Asia-Pacific Research Center, and Head of the Division of International, Comparative and Area Studies in the School of Humanities and Sciences.
Walder has long specialized in the sources of conflict, stability, and change in communist regimes and their successor states. His publications on Mao-era China have ranged from the social and economic organization of that early period to the popular political mobilization of the late 1960s and the subsequent collapse and rebuilding of the Chinese party-state. His publications on post-Mao China have focused on the evolving pattern of stratification, social mobility, and inequality, with an emphasis on variation in the trajectories of post-state socialist systems. His current research is on the growth and evolution of China’s large modern corporations, both state and private, after the shift away from the Soviet-inspired command economy.
Walder joined the Stanford faculty in 1997. He received his Ph.D. in sociology at the University of Michigan in 1981 and taught at Columbia University before moving to Harvard in 1987. From 1995 to 1997, he headed the Division of Social Sciences at the Hong Kong University of Science and Technology.
Walder has received fellowships and grants from the Guggenheim Foundation, the National Science Foundation, the National Academy of Sciences, the Henry Luce Foundation, the Ford Foundation, the Social Science Research Council, and the Center for Advanced Study in the Behavioral Sciences. His books and articles have won awards from the American Sociological Association, the Association for Asian Studies, and the Social Science History Association. He is an elected member of the American Academy of Arts and Sciences.
His recent and forthcoming books include Fractured Rebellion: The Beijing Red Guard Movement (Harvard University Press, 2009); China Under Mao: A Revolution Derailed (Harvard University Press, 2015); Agents of Disorder: Inside China’s Cultural Revolution (Harvard University Press, 2019); and A Decade of Upheaval: The Cultural Revolution in Feng County (Princeton University Press, 2021) (with Dong Guoqiang); and Civil War in Guangxi: The Cultural Revolution on China’s Southern Periphery (Stanford University Press, 2023).
His recent articles include “After State Socialism: Political Origins of Transitional Recessions.” American Sociological Review 80, 2 (April 2015) (with Andrew Isaacson and Qinglian Lu); “The Dynamics of Collapse in an Authoritarian Regime: China in 1967.” American Journal of Sociology 122, 4 (January 2017) (with Qinglian Lu); “The Impact of Class Labels on Life Chances in China,” American Journal of Sociology 124, 4 (January 2019) (with Donald J. Treiman); and “Generating a Violent Insurgency: China’s Factional Warfare of 1967-1968.” American Journal of Sociology 126, 1 (July 2020) (with James Chu).
Political Violence and State Repression
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Globalization of the Korean Capital Markets
In the five decades since the end of the Korean War, Korea has developed from an impoverished, agrarian nation with a per capital GDP of less than $50 to the twelfth largest economy in the world and one of the leading global trading nations with an estimated per capita GDP of U.S. $20,165 in 2010. Despite this phenomenal economic achievement, Korea’s financial system lags behind its economic and trading status. According to the World Bank Survey, its financial system is ranked twenty-sixth in the world. In order for Korea to continue its economic growth and become a global financial center, its financial system needs to be modernized.
This workshop has been organized to bring senior officials from industry, academic institutes, regulatory bodies, and government together to identify and address some of the issues facing Korea’s capital markets. The workshop’s objective is to conclude with a list of specific action items that can be recommended for implementation in order to address the issues that have been identified.
This workshop is made possible by the generous support from the Koret Foundation.
Bechtel Conference Center
Expulsions: Inequality's Fifth Circle
In the last two decades there has been a sharp growth in the numbers of people that have been “expelled,” numbers far larger than the newly “incorporated” middle classes of countries such as India and China. I use the term “expulsion” to describe a diversity of conditions: the growing numbers of the abjectly poor, of the displaced in poor countries who are warehoused in formal and informal refugee camps, of the minoritized and persecuted in rich countries who are warehoused in prisons, of workers whose bodies are destroyed on the job and rendered useless at far too young an age, able-bodied surplus populations warehoused in ghettoes and slums. One major trend is the repositioning of what had been framed as sovereign territory, a complex conditions, into land for sale on the global market – land in Sub-Saharan Africa, in Central Asia and in Latin America to be bought by rich investors and rich governments to grow food, to access underground water tables, and to access minerals and metals. My argument is that these diverse and many other kindred developments amount to a logic of expulsion, signaling a deeper systemic transformation in advanced capitalism, one documented in bits and pieces but not quite narrated as an overarching dynamic that is taking us into a new phase of global capitalism. The paper is based on the author’s forthcoming book Expulsions.
Saskia Sassen is the Robert S. Lynd Professor of Sociology and Co-Chair, The Committee on Global Thought, Columbia University (www.saskiasassen.com). Her recent books are Territory, Authority, Rights: From Medieval to Global Assemblages (Princeton University Press 2008), A Sociology of Globalization (W.W.Norton 2007), both translated into Spanish by Editorial Katz (Madrid y Buenos Aires), and the 4th fully updated edition of Cities in a World Economy (Sage 2012). Among older books is The Global City (Princeton University Press 1991/2001). Her books are translated into over 20 languages. She is the recipient of diverse awards and mentions, ranging from multiple doctor honoris causa to named lectures and being selected as one of the 100 Top Global Thinkers of 2011 by Foreign Policy Magazine.
Recommended readings:
- Sassen, Saskia(2010) 'A Savage Sorting of Winners and Losers: Contemporary Versions of Primitive Accumulation', Globalizations, 7: 1, 23 — 50
- Sassen, Saskia, "When the City Itself Becomes a Technology of War" in Theory, Culture & Society 2010, Vol. 27(6): 33-50 (A PDF of this document can be found below.)
Sponsored by The Europe Center, the Abassi Program in Islamic Studies, and the Mediterranean Studies Forum
CISAC Conference Room
The Constitution and the World
Stanford Law School is sponsoring a conference titled, "The Constitution and the World," on October 27-28, 2011. Scholars, many with experience in the State Department or other government posts, will address the reach of constitutional rights outside U.S. territory, the potential effect of treaties on constitutional structure and rights, and the effect of globalization and international institutions on sovereignty. (More details are provided below.)
During the conference, Professor Mariano-Florentino Cuéllar will also be moderating a panel discussion, "Does the Constitution Apply Abroad?," (on Friday, October 28th, from 1:15-3:30pm).
If you are interested in attending this event, please plan to register at the following website:
http://www.stanford.edu/dept/law/forms/conworld_participant.fb
European and Global Economic Crisis Series: "Europe At The Cross Road – Ending or Finalizing the EMU"
Jacob Funk Kirkegaard has been a research fellow at the Peterson Institute for International Economics since 2002 and is also a senior associate at the Rhodium Group, a New York-based research firm. Before joining the Institute, he worked with the Danish Ministry of Defense, the United Nations in Iraq, and in the private financial sector. He is a graduate of the Danish Army's Special School of Intelligence and Linguistics with the rank of first lieutenant; the University of Aarhus in Aarhus, Denmark; and Columbia University in New York.
He is author of The Accelerating Decline in America's High-Skilled Workforce: Implications for Immigration Policy (2007) and coauthor of US Pension Reform: Lessons from Other Countries (2009) and Transforming the European Economy (2004) and assisted with Accelerating the Globalization of America: The Role for Information Technology (2006). His current research focuses on European economies and reform, pension systems and accounting rules, demographics, offshoring, high-skilled immigration, and the impact of information technology.
Jacob Kierkegaard interviews on the European financial crisis can be found in the following NPR articles:
"Why European Leaders are Suddenly Backing More Bank Bailouts"
"Ireland Went Down with its Banks. Why Didn't that Happen in the U.S.?"
"Is This Europe's 'Lehman Moment'? Banks Don't Think So"
CISAC Conference Room