In 1985, James A. Baker III's “Program for Sustained Growth” proposed a set of economic policy reforms, including inflation stabilization, trade liberalization, greater openness to foreign investment, and privatization, that he believed would lead to faster growth in countries then known as the Third World, but now categorized as emerging and developing economies (EMDEs).

A country-specific, time-series assessment of the reform process reveals three clear facts. First, in the 10-year-period after stabilizing high inflation, the average growth rate of real GDP in EMDEs is 2.6 percentage points higher than in the prior ten-year period. Second, the corresponding growth increase for trade liberalization episodes is 2.66 percentage points. Third, in the decade after opening their capital markets to foreign equity investment, the spread between EMDEs average cost of equity capital and that of the US declines by 240 basis points. The three central facts of reform provide empirical support for the Baker Hypothesis.

ABOUT THE SPEAKER

Peter Blair Henry is the Class of 1984 Senior Fellow at Stanford University’s Hoover Institution, a senior fellow at Stanford’s Freeman Spogli Institute for International Studies, and dean emeritus of New York University’s Leonard N. Stern School of Business. The youngest person ever named to the Stern Deanship, Henry has authored numerous peer-reviewed articles in the flagship journals of economics and finance, as well as a book on global economic policy, Turnaround: Third World Lessons for First World Growth (Basic Books).

Virtual to Public. Only those with an active Stanford ID with access to E008 in Encina Hall may attend in person.

On April 26, 2023, Israel will mark its 75th birthday as a modern independent state. It is a bittersweet anniversary.

On the one hand, Israelis can (and do) look back at 75 years of remarkable socio-economic, technological, diplomatic, and political development achieved under conditions of extreme adversity. On the other hand, Israel is currently experiencing its worst constitutional crisis and is facing a number of internal and external challenges that threaten to unravel its political order, divide its people, distance it from its closest allies, empower its adversaries, and undermine its national security.

The occasion of this significant anniversary provides a unique opportunity to discuss the past, present, and possible futures of Israeli democracy.

ABOUT THE SPEAKER

Amichai Magen is a visiting Associate Professor and visiting fellow in Israel Studies at Stanford University. In Israel he serves as the head of the MA Program in Diplomacy & Conflict Studies, and Director of the Program on Democratic Resilience and Development (PDRD) at the Lauder School of Government, Diplomacy and Strategy, Reichman University, Herzliya. Magen’s research and teaching interests include Democracy, the Rule of Law, Liberal Orders, and Political Violence.

Amichai Magen received the Yitzhak Rabin Fulbright Award (2003), served as a pre-doctoral fellow at the Center on Democracy, Development, and the Rule of Law (CDDRL), Stanford University, and was the first Israeli to be awarded the prestigious National Fellow Award at the Hoover Institution (2008). In 2016 he was named Richard von Weizsäcker Fellow of the Robert Bosch Academy, an award that recognizes outstanding thought-leaders around the world. Between 2018 and 2022, he was Principal Investigator in two European Union Horizon 2020 research consortia, EU-LISTCO and RECONNECT.

Amichai Magen is a Board Member of the International Coalition for Democratic Renewal (ICDR), the Israel Council on Foreign Relations (ICFR), the Israeli Association for the Study of European Integration (IASEI), and the Institute for Political Studies at the Catholic University of Lisbon, Portugal. He also serves on the Editorial Board of the Israel Journal of Foreign Affairs (IJFA), published quarterly by Taylor & Francis.

Virtual to Public. Only those with an active Stanford ID with access to E008 in Encina Hall may attend in person.

About the Event: 

In The Fragile Balance of Terror, the foremost experts on nuclear policy and strategy offer insight into an era rife with more nuclear powers. Some of these new powers suffer domestic instability, others are led by pathological personalist dictators, and many are situated in highly unstable regions of the world—a volatile mix of variables.

The increasing fragility of deterrence in the twenty-first century is created by a confluence of forces: military technologies that create vulnerable arsenals, a novel information ecosystem that rapidly transmits both information and misinformation, nuclear rivalries that include three or more nuclear powers, and dictatorial decision making that encourages rash choices. The nuclear threats posed by India, Pakistan, Iran, and North Korea are thus fraught with danger.

The Fragile Balance of Terror, edited by Vipin Narang and Scott D. Sagan, brings together a diverse collection of rigorous and creative scholars who analyze how the nuclear landscape is changing for the worse. Scholars, pundits, and policymakers who think that the spread of nuclear weapons can create stable forms of nuclear deterrence in the future will be forced to think again. The volume was produced under the auspices of the American Academy of Arts and Sciences project “Meeting the Challenges of the New Nuclear Age”, co-chaired by CISAC Director Scott D. Sagan.

About the Speakers:

Rose McDermott is the David and Mariana Fisher University Professor of International Relations at Brown University and a Fellow in the American Academy of Arts and Sciences.  She works in the areas of political psychology.  She received her Ph.D.(Political Science) and M.A. (Experimental Social Psychology) from Stanford University and has also taught at Cornell and UCSB.   She has held fellowships at the Radcliffe Institute for Advanced Study, the Olin Institute for Strategic Studies and the Women and Public Policy Program, all at Harvard University, and has been a fellow at the Stanford Center for Advanced Studies in the Behavioral Sciences twice. She is the author of five books, a co-editor of two additional volumes, and author of over two hundred academic articles across a wide variety of disciplines encompassing topics such as American foreign and defense policy, experimentation, national security intelligence, gender, social identity, cybersecurity, emotion and decision-making, and the biological and genetic bases of political behavior.

Amy Zegart is a senior fellow at the Freeman Spogli Institute for International Studies and Professor of Political Science by courtesy at Stanford University. She is also the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution, Chair of Stanford’s Artificial Intelligence and International Security Steering Committee, and a contributing writer at The Atlantic. She specializes in U.S. intelligence, cybersecurity, emerging technologies and national security, and global political risk management.

The author of five books, Zegart’s award-winning research includes the bestseller Spies, Lies, and Algorithms: The History and Future of American Intelligence (Princeton, 2022); Bytes, Bombs, and Spies: The Strategic Dimensions of Offensive Cyber Operations (Brookings, 2019), co-edited with Herb Lin; Political Risk: How Businesses and Organizations Can Anticipate Global Insecurity (Twelve, 2018), co-authored with Condoleezza Rice; and the leading academic study of intelligence failures before 9/11 – Spying Blind: The CIA, the FBI, and the Origins of 9/11 (Princeton 2007).  Her op-eds and essays have appeared in Foreign Affairs, Politico, the New York Times, Washington Post, Wall Street Journal, Wired, and elsewhere. 

Zegart has been featured by the National Journal as one of the ten most influential experts in intelligence reform. She served on the Clinton administration’s National Security Council staff and as a foreign policy adviser to the Bush 2000 presidential campaign. She has also testified before the Senate Select Committee on Intelligence and advises senior officials on intelligence, homeland security, and cybersecurity matters.

Previously, Zegart served as co-director of Stanford’s Center for International Security and Cooperation, founding co-director of the Stanford Cyber Policy Program, and chief academic officer of the Hoover Institution. Before coming to Stanford, she was Professor of Public Policy at UCLA and a McKinsey & Company consultant.

She is the recipient of a Fulbright Fellowship, the American Political Science Association’s Leonard D. White Dissertation Prize, and research grants from the Carnegie Corporation of New York, the Hewlett Foundation, the Smith Richardson Foundation, and the National Science Foundation.

A native of Louisville, Kentucky, Zegart received an A.B. in East Asian studies magna cum laude from Harvard University and an M.A. and Ph.D. in political science from Stanford University. She serves on the board of directors of Kratos Defense & Security Solutions (KTOS) and the Capital Group. 

 All CISAC events are scheduled using the Pacific Time Zone.

Over the past decade, illiberal demagogues around the world have launched ferocious assaults on democracy. Embracing high-dominance political styles and a forceful argot of national greatness, they hammer at their supposed superiority as commanders, protectors, and patriots. Bewildered left-liberals have often played to the type their tormentors assign them. Fretting over their own purported neglect of the folks’ kitchen-table concerns, they leave the guts and glory to opponents who grasp that elections are emotions-driven dominance competitions.

Consequently, in America, democracy’s survival now hangs on the illiberal party making colossal blunders on the eve of elections. But in the wake of Putin’s attack on Ukraine, a new cohort of liberals is emerging in Central and Eastern Europe. From Greens to right-center conservatives, they grasp the centrality of messaging, nationalism, chutzpah, and strength. They’re showing how to dominate rather than accommodate evil. What can American liberals learn from their tactics and ways?

ABOUT THE SPEAKER

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Steve Fish is a professor of political science at the University of California, Berkeley. He is the author of Democracy from Scratch, Democracy Derailed in Russia, and Are Muslims Distinctive? and coauthor of The Handbook of National Legislatures. He is currently working on a book manuscript entitled Comeback: Crushing Trump, Burying Putin, and Restoring Democracy’s Ascendance around the World.

REDS: RETHINKING EUROPEAN DEVELOPMENT AND SECURITY

The REDS Seminar Series aims to deepen the research agenda on the new challenges facing Europe, especially on its eastern flank, and to build intellectual and institutional bridges across Stanford University, fostering interdisciplinary approaches to current global challenges.

REDS is organized by The Europe Center and the Center on Democracy, Development and the Rule of Law, and co-sponsored by the Hoover Institution.

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