Stanford University

Globalization

A Historical Perspective on the Development of the VC Industry in Silicon Valley--Are We in a New Era?

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Formal venture capital investing in Silicon Valley has been underway for more than 50 years. It was in the Valley that the limited partnership format was first used for venture capital. Whereas, originally Silicon Valley VCs were mostly from a finance background, very early on individuals with operating experience formed or joined partnerships.

Perhaps most important was the tight linkages between the venture capitalists and the nearly continuous evolution of information technologies. The enormous returns from information technologies enabled Silicon Valley VCs to make very early investments in other technologies ranging from biotechnology to nanotechnology. These returns also encouraged high levels of risk-taking.

Through the use of a historical perspective, the concluding remarks will reflect upon the current dire straits for venture capital.

Martin Kenney is a Professor at the University of California, Davis, a Senior Project Director at the Berkeley Roundtable on the International Economy, as well as a fellow at the Center for Entrepreneurship at UC Davis. He has authored or edited five books and over 120 scholarly articles on the globalization of services, the history of venture capital, university-industry relations, and the development of Silicon Valley. His two recent edited books Understanding Silicon Valley and Locating Global Advantage (with Richard Florida) were published by Stanford University Press where he is the editor of a book series in innovation and globalization. Currently, he is preparing a book on the history and globalization of the venture capital industry.

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Martin Kenney Professor Speaker University of California, Davis
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The Silicon Valley Project

Allegra McLeod

Program on Global Justice
616 Serra St.
Encina Hall
Stanford, CA 94305-6055

(650) 725-2704
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PGJ Fellow 2009-2010
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Allegra received her Ph.D. in Modern Thought and Literature from Stanford and her J.D. from Yale Law School. After law school, Allegra clerked for the Honorable M. Margaret McKeown of the U.S. Court of Appeals for the Ninth Circuit and served as an Arthur Liman Public Interest Fellow providing pro bono representation to immigrants detained at the California-Mexico border. As a Liman Fellow, Allegra also conducted research on the intersections of U.S. criminal and immigration policies. 

Allegra’s Ph.D. dissertation, entitled Exporting U.S. Criminal Justice: Crime, Development, and Empire After the Cold War, addressed the globalization of U.S. criminal procedural and transnational crime control models. In her dissertation, she systematically examined the range of U.S. government programs engaged in foreign criminal justice reform and the functions these programs fulfilled in terms of fashioning a regime for global governance and neoliberal restructuring during the 1990s and beyond.

At Stanford, Allegra worked to revise and publish her dissertation manuscript and continued her research on the criminalization of migration policy and criminal justice and development.

The Globalization of Cleantech: The Fifth Annual Globalization of Services Conference

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Silicon Valley is increasingly invested in clean technologies and is already looked upon as a global leader in new technological development. As happens with most new technologies in their infancy, Silicon Valley's focus is currently on component manufacturing. However, a difference from earlier technology cycles is the upfront impact of globalization, especially the emergence of China and India as providers of skilled labor and large markets.  Accordingly, the globalization of cleantech could follow some well-trodden paths and some new ones:

  1. As manufacturing gets modularized, firms such as Applied Materials might shift component work to East Asia. Some of this is already happening.
  2. System integration and other service provision might increasingly be provided by the large Indian system integrators. As of 2009, however, there is little evidence of this happening.
  3. Firms in Europe and East Asia have been investing in cleantech for some time now, and might participate in technological leadership. 

In each case, we are interested in exploring the time-frame and the driving forces.   These will typically be outcomes of a mix of regulatory, domestic market and skills issues.

The conference, the fifth in the annual series on the Globalization of Services, will likely host about 20 academics and 40 corporates, as with past events. 

Presentations are planned by firms in Silicon Valley in the fields of component manufacturing, systems integration and service provision; by overseas service providers on how outsourcing in these areas improves outcomes in terms of strategic direction, efficiency, cost-savings and accountability; by OEMs on supply-chain linkages with service outsourcers; and by venture capitalists and consultants on how their work helps the process of outsourcing cleantech services.

Registration is required for this event ($30 by Dec. 4, $45 late) and includes continental breakfast, lunch and free parking. Use the RSVP link at the top of the page to register.

Information on the previous Globalization of Services conference, including presentations, is available here.

8:00 Registration and Breakfast
8:30 Welcome and Objectives
Rafiq Dossani
8:35-9:15

Keynote: Fostering the Green Economy--The Case of California
Ricardo Martinez Garcia, Deputy Secretary, California Environmental Protection Agency
9:15-10:30 Panel: Cleantech technology trends
Marc Hoffman, Glacier Bay | Ajit Nazre, Kleiner Perkins | Swaminathan Venkataraman, Standard & Poor's
Lead discussant: Professor Dimitris Assimakopoulos, Grenoble School of Management, France
10:30-10:45 Break
10:45-12:30 Panel: Software and services
Chris Farinacci, Hara.com | Matt Denesuk, IBM | Sai Gundavelli, Solix
Lead discussant: Professor Petri Rouvinen, ETLA Finland
12:30-1:45 Lunch
1:30-3:30 Panel: Manufacturing
Charles Consorte, Zeptor | Chris D'Couto, Neah | Marc Hoffman, Glacier Bay
Lead discussant: Professor Margot Gerritsen, Energy Resources Engineering, Stanford University
3:30-3:50 Break
3:50-5:30 Panel: Globalization
Rafiq Dossani, Stanford | Joe Muscat, Ernst and Young | Bob Nelson, Akin Gump | Sean Wang, ITRI | Tomoya Yamashiki, Toray Industries (America) Inc.
Lead discussant: Henry Rowen, Stanford University

 

This conference is the 5th annual "Globalization of Services" conference, made possible through the generosity and efforts of ETLA, The Research Institute of the Finnish Economy, the University of Colorado, Denver and Wipro.

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Bechtel Conference Center

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South Asia Initiative
Globalization of Services Conference

Prescribing Cultures and Pharmaceutical Policy in the Asia-Pacific

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Pharmaceutical policies are interlinked globally and at the same time deeply rooted in local culture. Prescribing Cultures examines how pharmaceuticals and their regulation play an important and often contentious role in the health systems of the Asia-Pacific.

The first section of this timely book analyzes pharmaceutical policy in China, Korea, Japan, Thailand, Taiwan, Australia, and India. The second section focuses on two cross-cutting themes: differences in "prescribing cultures" and physician dispensing; and the challenge of balancing access to drugs with incentives for innovation.

The book's contributors discuss important issues for U.S. policy. These include such hot-button topics as drug imports from Asia, regulation of global supply chains to assure drug safety and quality, new legislation to encourage development of drugs for neglected diseases, and the impact that decisions about pricing, regulation, and bilateral trade agreements have on access to medicines at home and abroad. In Prescribing Cultures, pharmaceutical policy reveals the economic trade-offs, political compromises, and historical trajectories that shape health systems.

Prescribing Cultures also illustrates how cultural legacies shape and are shaped by the forces of globalization, and thus will be of interest to students and scholars well beyond the confines of health policy.

Desk, examination, or review copies can be requested through Stanford University Press. 

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Karen Eggleston
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Shorenstein APARC, distributed by Stanford University Press
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Prescribing Cultures and Pharmaceutical Policy in the Asia-Pacific: A Book Launch Event

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Pharmaceutical policies are interlinked globally, yet deeply rooted in local culture. The newly published book Prescribing Cultures and Pharmaceutical Policy in the Asia-Pacific, edited by Karen Eggleston, examines how pharmaceuticals and their regulation play an important and often contentious role in the health systems of the Asia-Pacific.

In this colloquium, contributors to Prescribing Cultures discuss how the book analyzes pharmaceutical policy in China, Korea, Japan, Thailand, Taiwan, Australia, and India, focusing on two cross-cutting themes: differences in “prescribing cultures” and physician dispensing; and the challenge of balancing access to drugs with incentives for innovation.

As Michael Reich of Harvard University says in his Forward to Prescribing Cultures,

“The pharmaceutical sector…promises great benefits and also poses enormous risks.… Conflicts abound over public policies, industry strategies, payment mechanisms, professional associations, and dispensing practices—to name just a few of the regional controversies covered in this excellent book.

The tension between emphasizing innovation versus access -- a topic of hot debate on today’s global health policy agenda -- is examined in several chapters…

This book makes a special contribution to our understanding of the pharmaceutical sector in China… Globalization is galloping forward, with Chinese producers pushing the pace at breakneck speed. More and more, our safety depends on China’s ability to get its regulatory act together…”

The colloquium features presentations by Naoko Tomita (Keio University), Anita Wagner (Harvard University), and Karen Eggleston (Stanford FSI Shorenstein Asia-Pacific Research Center). They will give specific examples of how pharmaceutical policy serves as a window into the economic tradeoffs, political compromises, and historical trajectories that shape health systems, as well as how cultural legacies shape and are shaped by the forces of globalization.

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Oksenberg Conference Room

Anita Wagner Speaker Harvard University
Naoko Tomita Speaker Keio University

Karen Eggleston

Shorenstein APARC
Stanford University
Encina Hall E301
Stanford, CA 94305-6055

(650) 723-9072 (650) 723-6530
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Senior Fellow at the Freeman Spogli Institute for International Studies
Center Fellow at the Center for Health Policy and the Center for Primary Care and Outcomes Research
Faculty Research Fellow of the National Bureau of Economic Research
Faculty Affiliate at the Stanford Center on China's Economy and Institutions
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PhD

Karen Eggleston is Senior Fellow at the Freeman Spogli Institute for International Studies (FSI) at Stanford University and Director of the Stanford Asia Health Policy Program at the Shorenstein Asia-Pacific Research Center at FSI. She is also a Fellow with the Center for Innovation in Global Health at Stanford University School of Medicine, and a Faculty Research Fellow of the National Bureau of Economic Research (NBER). Eggleston earned her PhD in public policy from Harvard University and has MA degrees in economics and Asian studies from the University of Hawaii and a BA in Asian studies summa cum laude (valedictorian) from Dartmouth College. Eggleston studied in China for two years and was a Fulbright scholar in Korea. Her research focuses on government and market roles in the health sector and Asia health policy, especially in China, India, Japan, and Korea; healthcare productivity; and the economics of the demographic transition. She served on the Strategic Technical Advisory Committee for the Asia Pacific Observatory on Health Systems and Policies, and has been a consultant to the World Bank, the Asian Development Bank, and the WHO regarding health system reforms in the PRC.

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Director of the Asia Health Policy Program, Shorenstein Asia-Pacific Research Center
Stanford Health Policy Associate
Faculty Fellow at the Stanford Center at Peking University, June and August of 2016
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Historical Development of Healthcare Institutions in East Asia

World Society: The Writings of John W. Meyer

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A book by John W. Meyer and about John W. Meyer, reviewing four decades of scholarship and current work. Georg Krucken and Gili S. Drori also adds an essay on the theoretical and empirical contribution of Meyer's institutional theory, placing it within the broader context of contemporary social theory, globalization research, and organizational studies in both in the United States and Europe.

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Oxford University Press
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Georg Krucken
Gili S. Drori

Crime, War and Global Trafficking: Designing International Cooperation

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Globalization creates lucrative opportunities for traffickers of drugs, dirty money, blood diamonds, weapons, and other contraband. Effective countermeasures require international collaboration, but what if some countries suffer while others profit from illicit trade? Only international institutions with strong compliance mechanisms can ensure that profiteers will not dodge their law enforcement responsibilities. However, the effectiveness of these institutions may also depend on their ability flexibly to adjust to fast-changing environments.

Combining international legal theory and transaction cost economics, this book develops a novel, comprehensive framework which reveals the factors that determine the optimal balance between institutional credibility and flexibility. The author tests this rational design
paradigm on four recent anti-trafficking efforts: narcotics, money laundering, conflict diamond, and small arms. She sheds light on the reasons why policymakers sometimes adopt suboptimal design solutions and unearths a nascent trend towards innovative forms of international cooperation which transcend the limitations of national sovereignty.

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Cambridge University Press
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Christine Jojarth

Johan Swinnen

LICOS Center for Transition Economics
K.U.Leuven
Deberiotstraat
34 3000 Leuven, Belgium

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Professor at the University of Leuven (KUL) in Belgium. Research Affiliate, Rural Education Action Project, FSE Visiting Scholar
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PhD

Johan Swinnen is Professor of Development Economics and Director of LICOS Center for Institutions and Economic Performance at the University of Leuven (KUL) in Belgium. He is also Senior Research Fellow at the Centre for European Policy Studies (CEPS), Brussels, where he directs the programme on EU agricultural and rural policy. From 2003 to 2004 he was Lead Economist at the World Bank and from 1998 to 2001 Economic Advisor at the European Commission.

He is a regular consultant for these organizations and for the OECD, FAO, the EBRD, and several governments and was coordinator of several international research networks on food policy, institutional reforms, and economic development. He is President—Elect of the International Association of Agricultural Economists and a Fellow of the European Association of Agricultural Economists. He holds a Ph.D from Cornell University.  

His research focuses on institutional reform and development, globalization and international integration, media economics, and agriculture and food policy. His latest books are “Political Power and Economic Policy” (Cambridge Univ Press),  “The Perfect Storm: The Political Economy of the Reform of the Common Agricultural Policy” (CEPS),  “Global Supply Chains, Standards, and the Poor” (CABI), “Distortions to Agricultural Incentives in the Transition Economies of Europe and Central Asia” (World Bank Publications), and “From Marx and Mao to the Market” (Oxford University Press -- and Chinese translation by Beijing University Press). He is the president of The Beeronomics Society and editor of the book “The Economics of Beer” (Oxford Univ Press).

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