The Center on Democracy, Development, and the Rule of Law congratulates Otis Reid on being awarded the David M. Kennedy Honors Thesis Prize for his original and rigorous research on the impact of concentrated ownership on the value of publically traded firms on the Ghana Stock Exchange. Reid is a member of the 2012 CDDRL Undergraduate Senior Honors Program and wrote his thesis entitled, “Monitoring, Expropriating, and Interfering: Concentrated Ownership, Government Holdings, and Firm Value on the Ghana Stock Exchange,” under the consultation of Professor Avner Greif.

Four undergraduate Stanford students are awarded the Kennedy Prize each year for their outstanding honors theses in the humanities, social sciences, engineering and the applied sciences. Reid was also recognized with the Firestone Medal for Excellence in Undergraduate Research awarded to the top ten percent of honors theses in social science, science, and engineering. Reid will receive these awards in a medals ceremony on Saturday, June 16.

Reid's thesis combined field research and advanced econometric analysis to conclude that concentrated ownership by the government and private parties on the Ghana stock exchange has a negative impact on the value of firms in Ghana. These findings have important consequences for the regulation of newly established stock exchanges, and ultimately for Africa's economic development. Very little research has been conducted on this topic, and Reid's thesis makes a valuable contribution to this field of study with practical policy implications for developing economies. 

"Otis Reid has produced a highly original work of scholarship—worthy of publication in an academic journal—that has exhibited astute knowledge of the literature and the challenges of firm development on the ground, shrewd formulation of a research design, impressive technical ability, and yet wise and important policy conclusions as well," said CDDRL Director Larry Diamond. "It is very rare to find an undergraduate honors thesis that is able to combine all four of these things."

Reid, a public policy and economics major, held prominent leadership roles in student organizations on campus, namely Stanford in Government and the Stanford Association for International Development, as well as serving as a resident assistant at Crothers dormitory. In recognition of his commitment to public service and enriching student life through these leadership positions, he was honored with the The Lloyd W. Dinkelspiel Award for Distinctive Contributions to Undergraduate Education.

After graduation, Reid will travel through Southeast Asia for five weeks before starting a position at McKinsey & Company consulting group in Chicago where he will be working on a combination of business and social sector problems.

The CDDRL Undergraduate Senior Honors Program trains students from any academic department at Stanford to prepare them to write a policy-relevant research thesis with global impact on a subject touching on democracy, development, and the rule of law. Honors students participate in research methods workshops, attend honors college in Washington, D.C., connect to the CDDRL research community, and write their thesis in close consultation with a faculty advisor to graduate with a certificate of honors in democracy, development, and the rule of law. 

On May 25-26, the Center on Democracy, Development and Rule of Law (CDDRL) will hold its seventh annual Taiwan Democracy Project conference on, "How the Public Views Democracy and its Competitors in East Asia: Taiwan in Comparative Perspective” at Stanford University. Held in partnership with the Program for East Asia Democratic Studies and the Institute for the Advanced Studies for Humanities and Social Sciences at National Taiwan University, the conference will bring together leading social scientists from Taiwan and other Asian countries to present and discuss papers analyzing the third wave of data from the Asian Barometer Survey.

The Asian Barometer Survey is a cross-national comparative survey that has been implemented in 17 Asian countries. Collecting micro-level data under a common research framework and methodology, the survey provides insights into commonly held attitudes and values towards politics, power, reform, and democracy in Asia. Over the course of the two-day period, experts in comparative politics and public opinion will present papers analyzing the data from the Asian Barometer in greater detail to examine the challenges of democratic consolidation in East Asia.

According to CDDRL Director Larry Diamond, “The goal of the conference is to examine the levels, trends, and causal determinants of support for democracy in Taiwan and throughout East Asia. The papers presented at this forum will be published in an edited volume to document democratic attitudes and values in Asia."

Paper presenters include; Chong-min Park, professor of public administration at Korea University and director of Survey Research Center of Institute of Governmental Studies, who  will discuss a region-wide comparison of the quality of governance and its implications for democratic legitimacy; Feng-Yu Lee, assistant professor in the department of political science at National Taiwan University who will present a paper alongside Chinen Wu, associate research fellow at the Institute of Political Science at Taiwan’s Academia Sinica, about the comparative analysis of the wealth divide and the issue of political inclusion; and Doh Shin, the Jack W. Peltason Scholar-in-Residence at the Center for the Study of Democracy in the University of California-Irvine and  founder of the Korea Barometer Surveys, who will share a comparative analysis of cultural sources of diffuse regime support.

All sessions will be held in the Bechtel Conference Center in Encina Hall and are free and open to the public. To view the agenda and RSVP to the conference, please click here.

The provision of public goods and services - education, healthcare, sanitation, potable water and other government benefits - are linked to issues of governance. The Program on Poverty and Governance at the Center on Democracy, Development and the Rule of Law (CDDRL) together with the Center for Latin American Studies will host a conference on May 18-19 at Stanford University to explore how governance impacts the provision of public goods and services throughout the world.

The conference will bring together an interdisciplinary group of economists, political scientists, policymakers, and public health researchers to present on-going research on the links between governance and public goods provisions. The conference will also focus on government corruption, electoral clientelism and the critical role of external actors in the provision and delivery of public goods.

According to Beatriz Magaloni, the director of the Program on Poverty and Governance at CDDRL, “A goal of the conference is to present pioneering research on the major issues facing public goods provision in developing economies and to explore a variety of institutional, political, and international factors that work to improve or hinder government capacity and accountability in service delivery.”

Conference speakers include: Stephen D. Krasner, professor of international relations and deputy director of the Freeman Spogli Institute at Stanford University, commenting on external actors and the provision of goods in areas of limited statehood; Stuti Khemani, senior economist at the World Bank, who will speak about information access and public health benefits; Miriam Goldman, visiting research scholar from Princeton University, who will examine corruption and electricity in India; Edward Miguel, director of the Center for Effective Global Action at UC Berkeley, who will present on institutional reform through minority participation; and James D. Fearon, professor of political science at Stanford University and CDDRL affiliated faculty, and David Laitin, professor of political science and Center for International Security and Cooperation (CISAC) affiliated faculty who will both serve as distinguished discussants.

All sessions will be held in the CISAC Conference room, 2^nd floor of Encina Hall Central, and are free and open to the public. To view the complete agenda and RSVP to the conference, please click here.

Adrian Bonifacio, a second generation Filipino-American from Chicago, is one of the recipients of the Program on Human Rights and the McCoy Family Center for Ethics in Society's 2012 Human Rights Fellowship.  The Program on Human Rights at the Center on Democracy, Development, and the Rule of Law together with the McCoy Family Center for Ethics in Society offer four annual summer fellowships in human rights open to Stanford undergraduates interested in working for organizations, government agencies, NGOs or international organizations that promote or defend human rights.

This summer, Bonifacio will work with the Asian Pacific Mission for Migrants, a non-governmental organization based in Hong Kong that promotes and defends the rights of migrant workers, a majority of whom are Filipino. Filipino immigrants in Hong Kong work predominately as domestic workers. The situation of Filipino diasporas is very complex with more than 10% of the Filipino population abroad, and over 4,000 Filipinos leaving the country every day.

Passionate about Filipino and Filipino-American issues relating to human rights such as migration, exploitation, and servitude, Stanford undergraduate Bonifacio has joined Filipino groups such as Stanford’s Pilipino American Student Union (PASU) and Anakbayan Silicon Valley, a youth organization based in Santa Clara County. He is currently pursuing a major in international relations with a minor in economics as well as co-term masters degree in sociology.

In the 1970s, Filipino dictator Ferdinand Marcos began the Labor Export Policy (LEP), a deliberate policy to send Filipino workers abroad. “This became a vicious cycle, the Philippines tried to achieve economic development based on remittances but because it sends both high skill and low skill workers abroad, and because the remittances they send are not usually put towards investment and long term development, there is not much progress happening in the country," explained Bonifacio. "Every president since Marcos has continued to promote the LEP in the name of national development.”

Last summer, Bonifacio worked for HURIGHTS OSAKA, a human rights non-profit organization, where he conducted research related to Filipino migrants in Japan to understand the link between human rights and remittances. “Although it was difficult integrating with the community in such a limited timeframe, a lot of different opportunities presented themselves—celebrating Philippine Independence Day, cooking Filipino food for events, even performing traditional dances," said Bonifacio. "My supervisor at work and all the migrants I have come to know made my transition into life in Japan, as well as my research, much easier.”

Japan and agencies in the Philippines that facilitate labor migration are notorious for abusing “entertainment visas” which allowed young women to be trafficked into Japan. Many Filipino women were promised jobs in high-end hotels as singers or dancers, but upon arrival in Japan, were trafficked into bars, with some entering prostitution rings and red light districts... Starting in the mid-1980s, many Japanese men in rural areas began to “import” Filipino women as mail-order brides, to solve the demographic problem of low birth rates caused largely by women moving out to cities to pursue professional careers.

Although the mail-order bride phenomenon has died down and Japan has since abolished the entertainment visa in 2006, there are still cases of abuse and human trafficking. Moreover, Filipino men have a history of working in construction, often as day laborers with insecure sources of income and housing. According to Bonifacio, “It is hard to determine the proportion of remittances that come from exploitation, but if you look at general trends and the types of employment Filipinos have all over the world—for example as “entertainers” in Japan or domestic workers in Hong Kong, Saudi Arabia, and even the United States—one could say that remittances and exploitation are closely connected.”

In preparation for his fellowship in Hong Kong Bonifacio says, “I was humbled by what I saw in Japan. I think that one of the best things one can do to educate oneself - and something that does not always happen in a classroom - is to understand the community we want to serve. We need to learn about the issues these communities face before considering fighting for change.”

Students interested in applying to the human rights fellowship for the summer of 2013 should contact Nadejda Marques to learn about the selection process and deadline for submission.