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This seminar is part 2 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

From a venture capital investor's perspective, what are the key opportunities and challenges of doing business in China in the current environment? Why? How is China's emerging private equity investment industry? What are the major differences between "home-grown" Chinese private equity firms and foreign capital firms? Bobby Chao will address these questions, based on personal experience gained over the past twenty years.

Bobby Chao began his career as one of the five original founders of Cadence Design Systems. A year after Cadence's successful IPO, Bobby founded Ocron, a leader in Optical Character Recognition (OCR) technology and document management software. Bobby was chairman and CEO of Ocron until Umax Technologies, Inc. acquired it. He then became part of the Umax team serving as senior vice president of marketing in charge of corporate marketing and investment. Bobby was previously general partner for Technology Associates Management Company and has served as chairman and CEO of VA Linux Systems.

Mr. Chao currently serves as chairman of Dragon Venture Inc., a cross-pacific venture capital, consulting, and M&A company, bridging the U.S. and Greater China markets. Portfolio companies focus on telecommunications, Internet infrastructure, Linux, fables IC designs, and EDA. Mr. Chao is currently on the board of several companies and professional organizations.

Mr. Chao holds a B.S. in physics from Taiwan, an M.S. in physics from Georgia State University, and an M.S. in aeronautical engineering from Stanford University.

Philippines Conference Room

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STANFORD -- In May 1988, President Reagan traveled to Moscow for a summit with Soviet leader Mikhail S. Gorbachev. When he became president, Reagan had called the Soviet Union the "evil empire," but at the time of his historic trip its leader was a personal friend. Reagan didn't allow his friendship with Gorbachev to overshadow his human rights agenda. Speaking in Helsinki two days before entering the Soviet Union, Reagan proclaimed: "There is no true international security without respect for human rights.... The greatest creative and moral force in this new world, the greatest hope for survival and success, for peace and happiness, is human freedom."

In Moscow, Reagan echoed this theme at a luncheon at the American ambassador's residence with nearly 100 Soviet human rights activists. Reagan ordered that the ambassador's finest silverware and linens be used to symbolically underscore his respect for the activists, the same as he would accord to Gorbachev.

Reagan's dual-track diplomacy produced results. A few years later, many of his lunch guests occupied positions of authority in a democratizing Russia, a change that had national security implications. Although Russia still possessed thousands of nuclear weapons, its intention to use them against the United States greatly diminished as democratic and market institutions took hold there.

Like Gorbachev and Reagan in 1988, presidents Vladimir V. Putin and Bush have a budding friendship, one that has fostered U.S.-Russian cooperation on important strategic matters like anti-terrorism. Yet, there's a disturbing difference. Some of the same people who attended Reagan's luncheon are again fighting for basic human rights and democratic practices in Russia -- and Bush seems indifferent to their fate.

Putin's backsliding on democracy can no longer be ignored. The Russian leader has overseen a war in Chechnya marked by summary executions, rape, indiscriminate bombing of villages and the inhumane treatment of prisoners of war.

The two largest national television networks do Putin's bidding, and his government and its surrogates have now wrested control of NTV, Russia's third-largest TV network and the only station truly critical of Putin. Print journalists reporting the "wrong" news about Chechnya have been either intimidated, arrested or pushed into exile. Oleg Panfilov, head of the Center for Journalism in Extreme Situations, says, "The number of criminal cases opened against journalists in three years of Vladimir Putin's rule is more than the number during the entire 10 years of Boris Yeltsin's regime."

There is more unnerving evidence of Putin's slide toward authoritarianism. The State Security Service, whose budget is dramatically rising, increasingly harasses human rights activists, environmental leaders and religious groups. Recently, the Russian government expelled the Organization for Security and Cooperation in Europe from Chechnya, terminated its agreement with the U.S. Peace Corps and refused reentry into Russia to American Irene Stevenson, director of the AFL-CIO's Solidarity Center in Moscow. The government has even interfered in electoral politics, removing opposition candidates from the ballot and preventing incumbents from seeking reelection in various regions of the country.

Putin didn't personally orchestrate all these democratic rollbacks, but he also has done nothing to reverse them. The battle over democracy within Russia will largely be won or lost internally. Fortunately, in poll after poll, Russians continue to value democratic ideals and practices. But the Bush administration cannot continue to sit on the sidelines.

Amazingly, it has proposed drastic cuts in the amount of democratic assistance earmarked for Russia next year on the ground -- ironic in light of recent evidence -- that Russian democracy is firmly enough established.

Bush's stance is perplexing. His new national security doctrine declares the promotion of liberty abroad a U.S. priority. Tell that to Russian human rights activists, who feel alienated by the lack of U.S. encouragement.

But democratic activists in Russia need more than words of support. They also need continued U.S. financial and technical help. At a minimum, budgets for democracy assistance, already minuscule, cannot be reduced further. Cutting assistance now, moreover, would send a terrible message about U.S. staying power, not only to democrats in Russia but to those in Afghanistan, Iraq and Uzbekistan.

Congress also has a role to play. Last year, the House and Senate overwhelmingly approved, and Bush signed into law, the Russian Democracy Act, which establishes a minimum for democratic assistance to Russia. Budget cutters in the administration have found creative ways to meet these minimal thresholds by calling programs like high school exchanges "democracy assistance." This sleight of hand must not become law.

Furthermore, in a major report on U.S.-Russian relations a few years ago, Rep. Christopher Cox (R-Newport Beach) called for increased engagement "of the Russian people, not just the Russian government." Now more than ever, Cox and the other authors of this congressional study need to reaffirm their recommendations.

Bush and his foreign team certainly have their hands full. Yet, they cannot allow past victories to slip away while pursuing new ones. A return of dictatorship in Russia, a country armed with thousands of nuclear weapons, would present a much greater threat than the current set of tyrants now threatening U.S. security. To maintain U.S. credibility on issues of democracy and to encourage those within Russia dedicated to the cause of democracy, the Bush administration has to find a way to work constructively with Putin without ignoring Russian society. A good way to start might be a luncheon at the American ambassador's residence in Moscow.

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Los Angeles Times
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Michael A. McFaul
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This seminar is part 1 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

For a long time, researchers have asked whether the success of Silicon Valley can be replicated elsewhere. There have been various levels of attempts and various levels of success outside the United States.

Depending on how success is measured, one can draw different conclusions. How do we evaluate Hsinchu Science Park? Have they created innovative products? Have they produced entrepreneurs? How do they stack up to Silicon Valley? What is their competitive edge? As China joins the WTO, what should its strategy be?

On a long-term basis, what are the factors that will drive and deliver sustainable competitive advantages? With changes in global economic conditions, how does one re-evaluate the Silicon Valley model? As China joins the WTO, what should its strategy be? And as China becomes the manufacturer of the world, what is its impact on Taiwan and Silicon Valley?

This talk offers an analysis of experiences in Silicon Valley and Asia in the past twenty years. It also offers some reflections on the model and strategy for Greater China.

Since November 1998, Sha has been a managing partner at Spring Creek Venture, which specializes in early-stage venture investment and business consultation with Internet and infrastructure companies. Sha is currently serving on the board of directors of several start-up companies, including Appstream, Acela, Aduva, E21, LiveABC, Optoplex, Mediostream, and Tom.com.

Sha has extensive experience as a leader of high technology companies. He served as CEO for Sina.com and senior vice president of Commerce Solutions at Netscape Communications. While at Netscape, he served concurrently as president and CEO of Actra Business Systems, a joint venture formed by Netscape and GE Information Services. A company Sha built from scratch, Actra was the first company to focus on business-to-business e-commerce and e-procurement application systems. Prior to Actra, Mr. Sha served as vice president and general manager of business-to-consumer integrated application business at Netscape Communications and vice president of the UNIX Product Division at Oracle Corporation.

In his community service, Sha served as chairman of the Monte Jade West Coast association from 2000-2001. Sha currently is serving as chairman of the Monte Jade Global Association, the premier technology entrepreneur association with twelve chapters in the United States, Canada, Singapore, and Taiwan.

Mr. Sha holds an MS in EECS from the University of California at Berkeley, an MBA from Santa Clara University, and a BS in EE from Taiwan University.

Philippines Conference Room

James C. Sha Managing Partner Spring Creek Venture
Seminars

Today, it is widely recognized that the absence of the rule of law constitutes a critical barrier to economic growth and democractic political development. Increasingly, scholars and policy makers alike are turning their attention toward the concept of economic rights - ranging from broad affirmations of the importance of secure property rights to more particular descriptions of modes of corporate governance - to inform their thinking about growth and development.

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Stanford University
Encina Hall, C147
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Mosbacher Senior Fellow in Global Democracy at the Freeman Spogli Institute for International Studies
William L. Clayton Senior Fellow at the Hoover Institution
Professor, by courtesy, of Political Science and Sociology
diamond_encina_hall.png MA, PhD

Larry Diamond is the William L. Clayton Senior Fellow at the Hoover Institution, the Mosbacher Senior Fellow in Global Democracy at the Freeman Spogli Institute for International Studies (FSI), and a Bass University Fellow in Undergraduate Education at Stanford University. He is also professor by courtesy of Political Science and Sociology at Stanford, where he lectures and teaches courses on democracy (including an online course on EdX). At the Hoover Institution, he co-leads the Project on Taiwan in the Indo-Pacific Region and participates in the Project on the U.S., China, and the World. At FSI, he is among the core faculty of the Center on Democracy, Development and the Rule of Law, which he directed for six and a half years. He leads FSI’s Israel Studies Program and is a member of the Program on Arab Reform and Development. He also co-leads the Global Digital Policy Incubator, based at FSI’s Cyber Policy Center. He served for 32 years as founding co-editor of the Journal of Democracy.

Diamond’s research focuses on global trends affecting freedom and democracy and on U.S. and international policies to defend and advance democracy. His book, Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency, analyzes the challenges confronting liberal democracy in the United States and around the world at this potential “hinge in history,” and offers an agenda for strengthening and defending democracy at home and abroad.  A paperback edition with a new preface was released by Penguin in April 2020. His other books include: In Search of Democracy (2016), The Spirit of Democracy (2008), Developing Democracy: Toward Consolidation (1999), Promoting Democracy in the 1990s (1995), and Class, Ethnicity, and Democracy in Nigeria (1989). He has edited or coedited more than fifty books, including China’s Influence and American Interests (2019, with Orville Schell), Silicon Triangle: The United States, China, Taiwan the Global Semiconductor Security (2023, with James O. Ellis Jr. and Orville Schell), and The Troubling State of India’s Democracy (2024, with Sumit Ganguly and Dinsha Mistree).

During 2002–03, Diamond served as a consultant to the US Agency for International Development (USAID) and was a contributing author of its report, Foreign Aid in the National Interest. He has advised and lectured to universities and think tanks around the world, and to the World Bank, the United Nations, the State Department, and other organizations dealing with governance and development. During the first three months of 2004, Diamond served as a senior adviser on governance to the Coalition Provisional Authority in Baghdad. His 2005 book, Squandered Victory: The American Occupation and the Bungled Effort to Bring Democracy to Iraq, was one of the first books to critically analyze America's postwar engagement in Iraq.

Among Diamond’s other edited books are Democracy in Decline?; Democratization and Authoritarianism in the Arab WorldWill China Democratize?; and Liberation Technology: Social Media and the Struggle for Democracy, all edited with Marc F. Plattner; and Politics and Culture in Contemporary Iran, with Abbas Milani. With Juan J. Linz and Seymour Martin Lipset, he edited the series, Democracy in Developing Countries, which helped to shape a new generation of comparative study of democratic development.

Download full-resolution headshot; photo credit: Rod Searcey.

Former Director of the Center on Democracy, Development and the Rule of Law
Faculty Chair, Jan Koum Israel Studies Program
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The last quarter of the twentieth century was marked by two dramatic political trends that altered many of the world's regimes: the global resurgence of democracy and the collapse of communism. Was the process that brought down communism in Eastern Europe and the former Soviet Union fundamentally different from the process that gave birth to new democracies in other regions of the world? Were the transitions away from communism mostly like or mostly unlike the transitions away from authoritarianism that took place elsewhere? Is the challenge of building and consolidating democracy under postcommunist conditions unique, or can one apply lessons learned from other new democracies? The essays collected in this volume explore these questions, while tracing how the countries of Eastern Europe and the former Soviet Union have fared in the decade following the fall of communism.

Contributors: Anders Åslund, Carnegie Endowment for International Peace in Washington, D.C.; Leszek Balcerowicz, Warsaw School of Economics; Archie Brown, Oxford University and St. Antony's College; Zbigniew Brzezinski, Johns Hopkins University, a former U.S. national security advisor; Valerie Bunce, Cornell University; Nadia Diuk, National Endowment for Democracy in Washington, D.C.; M. Steven Fish, University of California-Berkeley; Charles H. Fairbanks Jr., the Johns Hopkins University; Bronislaw Geremek, former foreign minister of Poland; John Higley, University of Texas at Austin; Judith Kullberg, University of MichiganAnn Arbor; Mart Laar, prime minister of Estonia; Michael McFaul, Stanford University; Ghia Nodia, Tbilisi State University; Jan Pakulski, University of Tasmania in Australia; Richard Rose, University of Strathclyde in Glasgow; Jacques Rupnik, College of Europe in Bruges; Lilia Shevtsova, Carnegie Endowment for International Peace in Washington, D.C.; Aleksander Smolar, Stefan Batory Foundation in Warsaw and Centre National de la Recherche Scientifique in Paris; G.M. Tamás formerly of Georgetown University; Vladimir Tismaneanu, University of Maryland at College Park; Grigory Yavlinsky, member of the Russian State Duma (parliament).

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Johns Hopkins University Press
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Larry Diamond
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Reynolds brings together the leading scholars to discuss the successes and failures of constitutional design. Arend Lijphart and Donald Horowitz debate their own contributions to the field. Emerging scholars then present important new evidence from Europe, the CIS, Latin America, and Africa. Chapters analyse the effect of presidential and parliamentary systems, issues of federalism and autonomy, and the varying impact of electoral systems. The book concludes with case studies of Fiji, Ireland, Eritrea, Indonesia, Nigeria, and India. The Architecture of Democracy is the culmination of the study of constitutional engineering in the third wave of democracy and sets parameters for this crucial research as democracy diffuses across the world.

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Oxford University Press in "The Architecture of Democracy: Constitutional Design, Conflict Mangement and Democracy", Andrew Reynolds, ed.
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Larry Diamond

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Stanford University
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Senior Fellow at the Freeman Spogli Institute for International Studies, Emeritus
Graham H. Stuart Professor of International Relations
Senior Fellow at the Hoover Institution, Emeritus
krasner.jpg MA, PhD

Stephen Krasner is the Graham H. Stuart Professor of International Relations. A former director of CDDRL, Krasner is also an FSI senior fellow, and a fellow of the Hoover Institution.

From February 2005 to April 2007 he served as the Director of Policy Planning at the US State Department. While at the State Department, Krasner was a driving force behind foreign assistance reform designed to more effectively target American foreign aid. He was also involved in activities related to the promotion of good governance and democratic institutions around the world.

At CDDRL, Krasner was the coordinator of the Program on Sovereignty. His work has dealt primarily with sovereignty, American foreign policy, and the political determinants of international economic relations. Before coming to Stanford in 1981 he taught at Harvard University and UCLA. At Stanford, he was chair of the political science department from 1984 to 1991, and he served as the editor of International Organization from 1986 to 1992.

He has been a fellow at the Center for Advanced Studies in the Behavioral Sciences (1987-88) and at the Wissenschaftskolleg zu Berlin (2000-2001). In 2002 he served as director for governance and development at the National Security Council. He is a fellow of the American Academy of Arts and Sciences and a member of the Council on Foreign Relations.

His major publications include Defending the National Interest: Raw Materials Investment and American Foreign Policy (1978), Structural Conflict: The Third World Against Global Liberalism (1985), Sovereignty: Organized Hypocrisy (1999), and How to Make Love to a Despot (2020). Publications he has edited include International Regimes (1983), Exploration and Contestation in the Study of World Politics (co-editor, 1999),  Problematic Sovereignty: Contested Rules and Political Possibilities (2001), and Power, the State, and Sovereignty: Essays on International Relations (2009). He received a BA in history from Cornell University, an MA in international affairs from Columbia University and a PhD in political science from Harvard.

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CDDRL
Stanford University
Encina Hall, C144
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Lecturer in Law, Stanford Law School
jensen-1.jpg JD

Erik Jensen holds joint appointments at Stanford Law School and Stanford’s Center on Democracy, Development and the Rule of Law. He is Lecturer in Law, Director of the Rule of Law Program at Stanford Law School, an Affiliated Core Faculty at Stanford’s Center on Democracy, Development and the Rule of Law, and Senior Advisor for Governance and Law at The Asia Foundation. Jensen began his international career as a Fulbright Scholar. He has taught and practiced in the field of law and development for 35 years and has carried out fieldwork in approximately 40 developing countries. He lived in Asia for 14 years. He has led or advised research teams on governance and the rule of law at the World Bank, the Asian Development Bank and the African Development Bank. Among his numerous publications, Jensen co-edited with Thomas Heller Beyond Common Knowledge: Empirical Approaches to the Rule of Law (Stanford University Press: 2003).

At Stanford, he teaches courses related to state building, development, global poverty and the rule of law. Jensen’s scholarship and fieldwork focuses on bridging theory and practice, and examines connections between law, economy, politics and society. Much of his teaching focuses on experiential learning. In recent years, he has committed considerable effort as faculty director to three student driven projects: the Afghanistan Legal Education Project (ALEP) which started and has developed a law degree-granting programs at the American University of Afghanistan (AUAF), an institution where he also sits on the Board of Trustees; the Iraq Legal Education Initiative at the American University of Iraq in Sulaimani (AUIS); and the Rwanda Law and Development Project at the University of Rwanda. He has also directed projects in Bhutan, Cambodia and Timor Leste. With Paul Brest, he is co-leading the Rule of Non-Law Project, a research project launched in 2015 and funded by the Global Development and Poverty Fund at the Stanford King Center on Global Development. The project examines the use of various work-arounds to the formal legal system by economic actors in developing countries. Eight law faculty members as well as scholars at the Freeman Spogli Institute are participating in the Rule of Non-Law Project.

Director of the Rule of Law Program, Stanford Law School
CDDRL Affiliated Faculty
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