About the Speaker

Hany Nada is co-founder of GGV Capital and has worked as a long-term partner with more than 150 companies over the past decade to build companies that can succeed in today's global marketplace. He is a trusted resource to public and private company CEOs and management teams on global market development, customer introductions and M&A/IPO guidance across US and Asian markets. CEOs that have worked with Hany characterize him as their go-to advisor for both general direction and company growth strategies.

As a leading venture investor, Hany made his first investment in China in 2001, and has led the firm’s successful investments in athenahealth (NASDAQ: ATHN), Endeca (acquired by Oracle) Glu Mobile (NASDAQ: GLUU), Kintana (acquired by Mercury Interactive), Turbine (acquired by Time Warner) and Xfire (acquired by Viacom). Currently, he serves on the Board of Directors for Tudou, China’s leading video content provider, Vocera Communications, RootMusic, Glu Mobile, and Wild Tangent. In addition to actively making investments in the mobile and digital media sectors in the US and China, Hany is responsible for one of the industry’s most successful China/US investment teams as well as general oversight of the firm's funds.

Before entering the venture capital business, Hany spent ten years on Wall Street as a top-ranked research analyst at Piper Jaffray focusing on Internet software and infrastructure. Hany is a graduate of the University of Minnesota where he earned a B.S. in economics and a B.A. in political science.

Entrepreneurs and entrepreneurship played a critical role in transforming Japan’s  telecommunications sector. Between the mid-1990s and mid-2000s, in a sector long dominated by a stable set of large actors with well-established patterns of interaction, entrepreneurs introduced new technologies, new business models, and new norms of  interaction.

The subsequent transformation of Japan’s telecommunications sector was dramatic, providing consumers with not only fast and sophisticated services but also low prices and an entire new ecosystem of mobile content—a considerable departure from Japan’s long track record of being known as producer- rather than consumer-oriented, with consumers enjoying high-end services and products, but at high prices.

Yet, these transformative entrepreneurs were not acting in a vacuum. Regulatory shifts in telecommunications were critical in providing opportunities for entrepreneurs, while simultaneously protecting them from large incumbent firms. These regulatory shifts were driven by the political dynamics of the 1990s as Japan struggled through its post-bubble economic malaise and political changes.

Image

Prior to March 11, 2011, many observers had all but written Japan's economy off; after all, it was said, Japan produced only 10 percent of global manufacturing output. Four days later, the world realized that a good portion of that 10 percent sits at a critical upstream spot in the global supply chain, in many products that we not only like (such as the iPad) but also need (e.g., fine chemicals for lithium-ion batteries, silicon wafers, or microcontrollers). In some cases, more than half of global output in critical input materials was located in the Tohoku region. Remarkably, by May 2011, most of the factories not located in the radiation zone had repaired the earthquake damage and resumed operations. 

This presentation explores Japan's role in producing components and materials that are critical in global manufacturing, and then zooms in to analyze the speedy efforts at reconstruction by Japanese business after the Tohoku disaster. It argues that Japan is unlikely to relinquish its leading role in supplying critical components due to this shock, precisely because these "New Japan" companies are competitive, nimble, and fast.

Ulrike Schaede studies Japan’s corporate strategy, business organization, management, financial markets, and regulation. Her book Choose and Focus: Japanese Business Strategies for the 21st Century (Cornell UP, 2008) argues that Japan’s business organization has undergone a strategic inflection so fundamental that our knowledge of Japanese business practices from the 1980s and 1990s is no longer adequate. Her current research looks at “New Japan” companies that have assumed global supply chain leadership in materials and components. She also works on projects regarding corporate restructuring, changing human resource practices, and entrepreneurship in Japan.

Schaede holds an MA from Bonn University, and a PhD from the Philipps-Universtät in Marburg, Germany. She is trilingual and has spent a total of more than eight years of research and study in Japan. She has been a visiting scholar at the research institutes of the Bank of Japan, Japan's Ministry of Finance, and the Ministry of Economy, Trade and Industry, and at the Development Bank of Japan. Before joining the University of California, San Diego in 1994, Schaede held academic positions in Germany (Philipps-Universtät Marburg) and Japan (Hitotsubashi University, Tokyo), and she was a visiting professor at the business schools of UC Berkeley and Harvard.

This day long conference is based on a major study of higher education expansion and quality in the world's four largest developing economies-Brazil, Russia, India, and China-known as the BRIC countries. These four economies are already important players globally, but by mid-century, they are likely to be economic powerhouses. Whether they reach that level of development will depend partly on how successfully they create quality higher education that puts their labor forces at the cutting edge of the information society. It is difficult to imagine large economies reaching advanced stages of development in the 21st century without high levels of innovative, well-trained, socially oriented professionals.

The study places particular emphasis on how the BRICs are expanding engineering higher education and the quality and equity of that expansion. Evaluating the potential success of the BRIC countries in developing highly skilled professionals is not the only reason to study their higher education systems. We want to learn how these governments go about organizing higher education because this can tell us a lot about their implicit economic, social, and political goals, and their capacity to reach them. Although the BRICs are acutely aware of their new role in the global economy, their governments must negotiate complex political demands at home, including ensuring domestic economic growth, social mobility, and political participation. Because more and better higher education is positively associated with all these elements, BRIC governments' focus on their university systems has become an important part of their domestic economic and social policy.

The conference involves all the authors of the study from China, India, Russia, and the United States, as well as expert discussants from Brazil and the United States. The various panels of the day-long discussion will focus on various aspects of change in the higher education systems in the BRICs.

TRIUMPH OF THE BRICS?

Higher Education Expansion in the Global Economy

Bechtel Conference Center--FSI

April 28, 2012

Co-Sponsored by

Freeman Spogli Institute, U.S. Department of Education, Office of Post-Secondary Education, Stanford School of Education Lemann Center for Educational Entrepreneurship and Innovation in Brazil, Center for Latin American Studies at Stanford, State Research University Higher School of Economics, Moscow, China Institute for Educational Finance Research at Peking University, and National University of Educational Policy and Administration, Delhi

8:00 am Bagels and coffee

8:30 am Welcome

8:45 am Introduction to the Study
Presenter: Martin Carnoy, School of Education, Stanford
Discussants: Francisco Ramirez, School of Education, Stanford Gustavo Fischman*, Arizona State University

9:30 am Panel I: The Expansion of and Payoffs to Higher Education in the BRICs
Presenters: Isak Froumin and Maria Dobryakova, State Research University Higher School of Economics, Moscow
Prashant Loyalka, China Institute for Educational Finance Research, Peking University  Discussants: Eric Bettinger, School of Education, Stanford Rafiq Dossani, Freeman Spogli Institute, Stanford

10:45 am Coffee Break

11:00 am Panel II: Financing of Higher Education in the BRICs
Presenters: Jandhyala B.G. Tilak, National University of Educational Planning Administration (NUEPA)
Wang Rong, China Institute for Educational Finance Research, Peking University
Discussants: Nick Hope, Stanford Center for International Development
Robert Verhine*, Federal University of Bahia, Brazil

12:15 pm Lunch Break

1:00 pm: Panel III: Institutional Change In BRIC Universities
Presenters: Rafiq Dossani, Freeman Spogli Institute, Stanford
Katherine Kuhns, School of Education, Stanford
Discussants: Simon Schwartzman*, Instituto de Estudos do Trabalho e Sociedade, Rio de Janeiro
Wang Rong, China Institute for Educational Finance Research, Peking University

2:15 pm Panel IV: How Does the Quality of Engineering Education Compare?
Presenters: Prashant Loyalka, CIEFR, Peking University
Jandhyala B.G. Tilak, NUEPA, Delhi
Discussants: Sheri Sheppard, School of Engineering, Stanford
Anthony Antonio, School of Education, Stanford

3:30 pm Coffee break

3:45: pm Panel V: Implications for the Future
Presenters:  Martin Carnoy, School of Education, Stanford
Isak Froumin, Higher School of Economics, Moscow
Discussant: Philip Altbach*, Center for International Higher Education, Boston College

5:00 pm Closing Remarks

*Will give their remarks via Webinar connection

In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

Kazuma Fukai, "Current Situation of Shale Gas Revolution and its Impact on the U.S. and Japan"

Shale gas is called a “game changer”. According to the Energy Information Administration, shale gas will be the major source of incremental U.S. natural gas supply, increasing its share of production from 23% in 2010 to 49% in 2035. President Obama expressed even as the U.S. develops next generation energy technologies, the U.S will continue to rely on oil and gas. Due to the shale gas boom, the current price of natural gas (U.S. Henry Hub) is declining, about 1/8 of the peak price in 2005. Given the importance of environmental issues and efficiency, combined with depressed natural gas prices, the demand for natural gas in the power sector will grow rapidly. In Japan, the unprecedented nuclear disaster at the Fukushima Daiichi Nuclear Power Plant affected energy policy dramatically. While the future of nuclear power in Japan is still unclear, natural gas power plants would be one of the most important energy resources to compensate for the loss of nuclear power plants as a realistic and reliable short and middle term approach. If the abundance of natural gas in the U.S. flows to Japan, it would contribute to a choice of supplier and different price formula for Japan. Fukai will present information based on the current state of shale drilling in the U.S., environmental issues, and interviews with many key experts and professors in shale gas as well as his experience at Kansai Electric Power Company.

Katsunori Hirano, "Learning from Sustainable Energy Financing Models Operating in the U.S. Market:  A Study for Japan's Clean and Safe Energy Future after Fukushima"

The Fukushima meltdown, which followed a devastating natural disaster in March 2011, presented the Japanese citizenry clear evidence that the way to meet their energy needs had not been sustainable. They have found the value of improving their resilience and security by their own initiative, intelligence, and foresight. The growth in the energy efficiency and renewable energy market is the defining feature of Japan’s energy future.

A substantial number of financing models are being implemented to help encourage investment in energy efficiency improvements and renewable energy deployments in the United States. In his research, Hirano tries to identify the best model operating in the U.S. market to provide financing opportunities for sustainable energy.  The local authorities in Japan can swiftly and flexibly apply this model for local households and businesses in their jurisdiction.

Yuji Kamimai, "A New Business Model for the Media Industry"

For a long time, it has been said that media is the mirror of the times we live in.  In his research, Kamimai tries to understand the ascent of and vast changes of media through a historical backdrop to help explain and recognize new service and technological innovation in the Silicon Valley.  Additionally, he examines some trends other than media that could help provide a deeper understanding.  From the rise of media and the latest IT business model, Kamimai learns what is important for the media to do, and explains what the next action steps are.  

Masami Miyashita, "A Study about the Ecosystem that Creates and Develops Global Start-ups"

Innovation is critical to economic growth, and entrepreneurship and startups are pivotal ingredients of innovation. After Japan’s economic bubble bursting in 1990, there was much talk about the lack of entrepreneurship in Japan as a driver of creative destruction and economic revival. The “Silicon Valley model” of entrepreneurship was heavily studied. Beginning in the late 1990s, the Japanese government rapidly developed institutional and social frameworks for startups in Japan. In the early 2000s, however, few Japanese startups were global in scale, and the presence in Silicon Valley of Japanese entrepreneurs and startup were still very limited. After the first decade of the 21st century, there are preliminary indications of a new wave of startups by Japanese entrepreneurs making inroads in Silicon Valley. Compared to other groups, such as Chinese or Indians, the number of Japanese entrepreneurs in Silicon Valley still remains miniscule. However, for the Japanese entrepreneurs to take advantage of the Silicon Valley entrepreneurial and innovation opportunities, lessons from the experiences and challenged faced by Japanese based in Silicon Valley are important.  In his research, Miyashita provides some of the key factors that are feeding this new wave of startups.