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Among the different types of capital resources, venture capital as practiced in Silicon Valley is broadly acknowledged as being an important constituent of a high technology, entrepreneurial habitat. In the past two decades, policy makers from different regions have learned much from its experience.

The IT industry attributes its success partly to venture capital investments in early, risky, stages. Looking ahead, other industries will emerge in the knowledge economy. Within Taiwan and Mainland China, information related industries still dominate investment, yet in Silicon Valley emerging industries including biotechnology, medical instruments and nanotechnology have recently been attracting as much venture capital as the IT industry.

Today, venture capitalists from Silicon Valley and Taiwan are probing what they perceive as growing investment opportunities in Mainland China, On the other hand, the immaturity of its private equity market and the undeveloped state of exit mechanisms there is causing venture capitalists to hesitate to made large investments. Currently, Taiwan's venture capital faces low price-earnings ratios in its 1,400 publicly listed companies. This has contributed to a decline in VC investment. The Taiwan government expects to further liberalize the financing environment to bolster it as a regional center for domestic and international corporations.

This conference will address the influence of the system of capital on regional innovation and entrepreneurship in the United States, Taiwan, and Mainland China. The focus will be on the venture capital industry, corporate venturing and other institutions of capital related to regional industrial development.

Here are some questions to be addressed in this conference:

  • What is the pattern of venture capital investing in high-tech start-ups in the Greater China Area?
  • What are the trends in this industry?
  • How, specifically, does venture capital promote innovation and entrepreneurship?
  • What are the similarities among independent venture capital funds, corporate venture funds, angel funds, and commercial bank involvements?

Conference Organization

Conference Chairman

  • Dr. Chintay Shih, Dean of College of Technology Management, National Tsing Hua University, and Special Advisor, Industrial Technology Research Institute

Co-chairmen

  • Dr. Paul Wang, Chairman, Taiwan Venture Capital Association
  • Dr. Henry Rowen, Co-director, SPRIE
  • Dr. William Miller, Co-director, SPRIE

Executive Director

  • Dr. Sean Wang, Director General of Industrial Economics and Knowledge Center in Industrial Technology Research Institute

Conference Secretariat

  • Industrial Economics and Knowledge Center, Industrial Technology Research Institute (IEK/ITRI)

Conference Organizing Secretariat

  • ITRI: Yi-Ling Wei, Peter Lai, Frank Lin, Shu-Chen Huang
  • TVCA: Teresa Yang, Michael Chen, Riva Su
  • SPRIE: Marguerite Gong Hancock (Stanford)/Martin Kenney (UC Davis)

Auditorium, The Grand Hotel,
1 Chung Shan N. Road, Sec. 4, Taipei, Taiwan

Conferences
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Part of the Taiwan Seminar Series hosted by Shorenstein APARC.

Philippines Conference Room

Shelley Rigger Brown Associate Professor of East Asian Politics Davidson College
Seminars
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Professor Esther Duflo, co-founder of the Poverty Action Lab at the Massachusetts Institute of Technology, will speak as part of the CDDRL project on Women and Development. Her talk will focus on her research into women in Indian politics.

Encina Basement Conference Room

Esther Duflo Professor of Economics MIT
Conferences
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Since the beginning of President Chen Shui-bian's second term in 2004, there has been great controversy about plans to rewrite or revise the national constitution and what that new constitution should include. Although it is largely seen as a declaration of Taiwanese sovereignty, one important area of constitutional reform concerns human rights for the 450,000 Aboriginal people of Austronesian descent on the island and their communities.

In the summer of 2004, a series of public consultations were held at the Indigenous Peoples Council in Taipei to debate how indigenous rights should be incorporated into the new constitution. After a long process of debate in Taiwan, as well as studies of similar cases in Canada, Latin America, New Zealand and elsewhere, a series of clauses on indigenous rights were drafted and submitted for deliberation at higher levels. These included demands on such issues as return of traditional lands, regional autonomy, and increased representation in the central government.

Professor Simon will discuss the relationship between the indigenous social movement and the Taiwan Independence Movement. How do there interest merge; and where do they differ? What does aboriginality mean for the evolving Taiwanese national identity?

Philippines Conference Room

Scott Simon Associate Professor of Sociology University of Ottawa
Seminars
Paragraphs

Since the September 11 attacks, a number of U.S. and European strategists have stepped forward to call for a fundamental paradigm shift in how the United States and Europe engage the broader Middle East - that wide swath of the globe, predominantly Muslim and overwhelmingly authoritarian, stretching from Morocco to Afghanistan. The West, they have argued, must abandon the chimera of stability offered by an autocratic status quo and instead put the weight of Western influence on the side of positive democratic change. Washington and Brussels must join forces in a partnership with reformers in the region to promote democratic transformation and human development as an antidote to those radical ideologies and terrorist groups that seek to destroy Western society and values.

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Publication Type
Journal Articles
Publication Date
Journal Publisher
The Washington Quarterly
Authors
Michael A. McFaul
Larry Diamond
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An intensive global search is on for the "rule of law," the holy grail of good governance, which has led to a dramatic increase in judicial reform activities in developing countries. Very little attention, however, has been paid to the widening gap between theory and practice, or to the ongoing disconnect between stated project goals and actual funded activities. Beyond Common Knowledge examines the standard methods of legal and judicial reform. Taking stock of international experience in legal and judicial reform in Latin America, Europe, India, and China, this volume answers key questions in the judicial reform debate: What are the common assumptions about the role of the courts in improving economic growth and democratic politics? Do we expect too much from the formal legal system? Is investing in judicial reform projects a good strategy for getting at the problems of governance that beset many developing countries? If not, what are we missing?

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Books
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Stanford University Press
Authors
Erik Jensen
Thomas C. Heller
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Waishengren (or mainlanders) make up about 12% of the current population in Taiwan. This is an artificial category referring to the Chinese people and their descendants who were originally from mainland China and who have been settling in Taiwan since 1945. The term can be literally translated to mean people from outside the (Taiwan) province.

Despite the diversity of social and economic backgrounds, the Waishengren have shown a strong and almost uniform tendency in opposing Taiwanese nationalism or Taiwan independence. They have shown a strong inclination in supporting a unified and strong China, though the Republic of China, not the People's Republic, is still the country that embodies their collective identity.

Dr. Chang will address the following questions: (1) why do the Waishengren act, or are perceived to act, as one "ethnic group" in Taiwan, given the differences?; (2) what were the main historical reasons for their nationalistic feelings?; (3) what are the features of Chinese diaspora nationalism in Taiwan?; (4) how does Waishengren nationalism differ from the Taiwanese and Chinese nationalism that is found in Southeast Asia?; (5) what is the general and theoretical meaning of diaspora nationalism?

Philippines Conference Room

Mau-kuei Chang Institute of Sociology, Academica Sinica, Taiwan
Seminars
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The Anti-Secession Law recently passed by China's National People's Congress has generated a hostile response in Taiwan and sharp criticism by the U.S. government. It has been described by some as a war-authorization law. Does this signal that Beijing is on a path that reduces its scope for rational choices? Dr. Zhao's talk will analyze this development in light of the recent rise of Chinese nationalism.

A recipient of the 1999-2000 Campbell National Fellowship at the Hoover Institution at Stanford University, Dr. Zhao currently sits on the board of directors of the US Committee of the Council for Security Cooperation in the Asia Pacific (USCSCAP). He is the founder and editor of the Journal of Contemporary China, a member of the National Committee on US-China Relations, and a Research Associate at the Fairbank Center for East Asian Research in Harvard University.

Zhao is the author and editor of six books. His most recent A Nation-State by Construction: Dynamics of Modern Chinese Nationalism, was published by the Stanford University Press in 2004. He has also written articles for Political Science Quarterly, The China Quarterly, World Affairs, Asian Survey, Journal of Northeast Asian Studies, Journal of Democracy, and many others.

Philippines Conference Room

Suisheng Zhao Executive Director, Center for China-US Cooperation and Associate Professor, Graduate School for International Studies University of Denver, Colorado
Seminars
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