Science and Technology
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Taipei Mayor Ma Ying-jeou will give his only public address in Silicon Valley at Stanford University. Following a welcome by Stanford Provost John Etchemendy, Dr. Ma will speak on Taipei's Changing Role in the Global IT Industry. Mayor Ma's speech is hosted by the Stanford Project on Regions of Innovation and Entrepreneurship (SPRIE), dedicated to international and interdisciplinary research on the world's high technology regions.

About Ma Ying-jeou

Born in Hong Kong in 1950, Ma Ying-jeou was raised in Taipei, Taiwan and received law degrees National Taiwan University, NYU, and Harvard. Dr. Ma began his career by working in Boston and on Wall Street, and returned to Taiwan in 1981 to serve in the Presidential Office. He has had a distinguished career of government service, including being appointed Deputy Secretary-General for international affairs of the Kuomintang (Nationalist Party) at age 33, the youngest ever in that party. In December 1998, he won Taipei's mayoral election, unseating the popular incumbent mayor Chen Shui-bian. In 2002, he was re-elected in a landslide, winning 64.1 percent of the votes cast. During this visit to Silicon Valley, Mayor Ma will focus on Taipei's role in global high technology industries, and will meet with university and high technology company leaders.

Bechtel Conference Center

The Honorable Ma Ying-jeou Mayor of Taipei, Taiwan
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Caring about what is happening in the world won't get you tenure. We are a theoretical department. If you get involved in public life, make sure it is not on your vita.

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Journal Articles
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American Political Science Association Organized Section in Comparative Politics
Authors
Terry L. Karl
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George W. Bush wants Americans and the world to believe that the fall of Saddam Hussein's regime two months ago represented a defeat for tyranny and a victory for liberty. No one has devoted more words to framing regime change in Iraq in these terms than the president.

In the debate leading up to the war, Mr. Bush and his administration focused primarily on Iraq's acquisition of weapons of mass destruction and the threat they posed to the US to justify military action. After military victory, however, Bush has emphasized the larger objective of promoting liberty in Iraq and the greater Middle East, especially because the search for weapons of mass destruction has produced such limited results. This mission statement for Iraq echoes convictions Bush stressed in every major foreign policy speech given since Sept. 11.

The president, however, has one big problem in pursuing this foreign-policy agenda. Few believe he is serious. Around the world, many see an imperial power using its military might to secure oil and replace anti-American dictators with pro-American dictators.

At home, isolationists in both the Republican and Democratic parties shudder at the folly of another Wilsonian mission to make the world safe for democracy.

Both at home and abroad, observers of Bush's foreign policy are confused by the mixed messages it sends. Was the war against Iraq undertaken to eliminate weapons of mass destruction or to spread liberty?

Bush faces an even more daunting challenge in making his commitment to democracy-promotion credible - the perception of hypocrisy. Bush has shown more concern for bringing freedom to Afghanistan and Iraq than to Pakistan or Saudi Arabia.

If Bush is truly committed to a foreign-policy doctrine of liberty-promotion, none of these criticisms is insurmountable. But they must be addressed. Especially now, with end of war in Iraq, what Bush says and does will define the true contours of his foreign-policy doctrine. Is it a liberty doctrine? Or does the language of liberty camouflage ulterior motives?

We will know that Bush is serious about promoting liberty if he credibly commits to four important tasks.

First, and most obviously, he must devote intellectual energy and financial resources to securing new regimes in Afghanistan and Iraq that, if not full-blown democracies, at least show the potential for democratization over time. To date, the record of achievement in both places is spotty. Bush has to keep these two countries at the top of his agenda, making regime construction as important as regime destruction. If democratizing regimes do not take hold in these countries, then Bush has no credibility in promoting liberty elsewhere.

Second, if Bush is serious about his stated mission, then he must give more attention to developing, funding, and legitimating the nonmilitary tools for promoting political liberalization abroad. The Marines cannot be used to promote democratic regime change in Iran, Saudi Arabia, Russia, or Uzbekistan. Wilson had his 14 points and Truman his Marshall Plan. Kennedy created the Alliance for Progress and the Peace Corps. Reagan started the hugely successful National Endowment for Democracy. Bush needs to lend his name to similar grand initiatives.

Third, in future speeches, Bush must flesh out the next phase of his liberty doctrine by explaining his priorities. Even the most powerful country in the world cannot bring liberty to every person living under tyranny all at once. But the president does owe the American people and the world a clearer game plan. It is no accident that Bush has given top priority to promoting democratic regime change in places where autocratic regimes were also enemies of the US. Fine, but what principles guide the next moves? There are also countries in which the promotion of political liberalization at this time could actually lead to less freedom, not more. What are the criteria being used to identify such places? To win supporters to his mission, Bush must present a rationale for the next phase of democracy promotion.

Fourth, even if the US does not have the capacity to promote freedom everywhere all the time, the president can make his commitment to liberty more credible if he develops a consistent message about his foreign-policy objectives, no matter what the setting. Words matter. Advocates of democracy living under dictatorship can be inspired by words of support from an American president. They can also become frustrated and despondent when the American president refrains from echoing his liberty doctrine when visiting their country. For instance, Bush's failure to speak openly about democratic erosion on his recent visit to Russia was a big disappointment to Russian democrats.

Some will always believe that the US is just another imperial power, not unlike the old Soviet Union, Britain, France, or Rome, exploiting military power for material gains. But for others of us who want to believe that the US has a nobler mission in the world, we are waiting on the president to give us signs of a long-term credible commitment to promoting liberty abroad.

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Christian Science Monitor
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Michael A. McFaul
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Encina Hall, Ground Floor, East Wing, E008

Abbas Milani Fellow at the Hoover Institution, Professor of History and Political Science Speaker Notre Dame de Namur University
Seminars
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Ground Floor East Conference Room, Encina Hall, East, Ground Floor

David A. Lake Department of Political Science UCSD
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Following the successful migration of semiconductor foundries business to Taiwan, IC design houses are now flowing to Asia. As a result, the opportunities for venture capital investments in Greater China are increasing. Based on on-the-ground experience gained during the past ten years dealing with high-tech venture businesses between Silicon Valley and Asia, Jesse Chen will share his unique perspective on the changing dynamics of risks, timing, business sectors etc. for optimizing investments in the high tech industry in Greater China.

Jesse Chen is managing director of Maton Venture. Maton is a global venture with strategic investors and VC partners from the U.S., Europe, Japan, and Taiwan. Launched in October 1997, Maton now has thirty-two portfolio companies across Semiconductor, Communication, Software and other Information Technology industries. As of December 2002, three have gone public and five have been acquired. Jesse currently serves as board member for eleven companies.

Before Maton, Jesse co-founded BusLogic, Inc. in 1988 and served as CEO and president until it was acquired in 1996. BusLogic designed and marketed ASIC, Board and Software for the computer storage industry. Under Jesse's leadership, BusLogic achieved twenty-two quarters of consecutive growth and profitability, yielding BusLogic's first investor more than sixty times return of investment within six years. BusLogic is now part of IBM.

Jesse also served as chairman of the Global Monte Jade Science and Technology Association from 1998 to 2000 and served as Chairman of Monte Jade West from 1997 to 1998. Monte Jade has more than one thousand high tech corporate members throughout North America and Asia and more than fifty are public companies.

Philippines Conference Room, Encina Hall, Third Floor, Central Wing

Jesse Chen Managing Partner Maton Venture
Seminars
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The trend for globalization of high-tech industries has gained momentum during the last few years. In particular, the Asia Pacific region has become an increasingly important market for U.S. high tech companies. What investors, both the public market and VCs, look for now are companies with revenue growth and a clear path to profit. The challenge for technology companies and investors is to define the roadmap to weather through the current downturn and build strength to grow when the market returns. The companies that will succeed are the ones that are close to the market, with the ability to produce their products at a reduced cost.

China, with its mass population, is undeniably an enormous market. It not only presents a broad customer base for the high-tech industry, but also an attractive low-cost manufacturing center. There is no doubt that Greater China is a lucrative region to ride the next wave of high-tech industry growth. We all want to capture this golden opportunity. How do we address this huge consumer market? How do we fully utilize the emerging labor support to lower production costs? For venture capitalists, how do we find legitimate ways to get return on our investments?

Taiwan is now China's leading trade partner and investor. Over 25 percent of Taiwan's exports are headed to China, according to the latest official statistics. With its geographic proximity, a well-established technology and business support infrastructure, as well as a common language and similar culture background, Taiwan is well positioned as a gateway to the China. In addition, Taiwan has built a well-recognized capital market in the past three decades. This highly liquid capital market is the best support for the high-tech industry as well as VC players.

In this session, Katherine Jen, a veteran venture capitalist, will lead the audience through her strategy in the quest for the next wave of high-tech industry growth and identify the key success factors.

About the Speaker

Katherine Jen is the managing partner of AsiaTech Management, LLC, a venture capital firm investing in the Silicon Valley and Asia. Katherine's successful venture capital career began in the early eighties. During her two decades in the Ministry of Finance in Taiwan, Katherine ran a $3 billion government investment fund, instrumental in the founding of successful high-tech companies such as TSMC and Moses-Vitelic. She also served on the TSMC board of directors from 1989-1993.

Katherine was one of the pioneers in Taiwan's VC industry. She led many key initiatives in venture capital legislations, including the adoption of the first Venture Capital Act in Taiwan. She helped establish the first group of venture capital funds in Taiwan, including Hotung Ventures, H&Q Asia and Walden International Taiwan (IVCIC). In addition, she founded the venture capital firm Genesis Venture in Taiwan and successfully raised its first fund. As a leader in the Taiwan financial industry, she served on the board of International Commercial Bank of China (ICBC), the largest commercial bank in Taiwan.

Based on the belief that Silicon Valley technologies can find much broader markets if they are combined with the efficient manufacturing industry in Asia, she founded AsiaTech and raised its first fund in 1997. Today, with operations in the Silicon Valley and Taiwan, AsiaTech manages three funds with strong backing from Asian-based manufacturing companies, commercial and investment banks, and government.

Philippines Conference Room, Encina Hall, Third Floor, Central Wing

Katherine Jen Managing Partner AsiaTech Management LLC
Seminars
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Seeking to tap the huge potential of Greater China, many in Asia seek to replicate the Silicon Valley model. Yet, as much art as it is science, successful VC investing has proven to be uneven in Asia. Why? With respect to innovation, why is it that Asians have good reputations for replicating but not creating cutting edge technology? Is there a disconnect when this is compared to the experiences of U.S. high-tech icons, such as Intel and Apple, filled with Asian-born -- and in many cases educated -- scientists and businessmen? How does the Silicon Valley experience track with Singapore's determined efforts to promote creativity? What lessons, if any, are applicable to Greater China? With respect to entrepreneurship in Greater China, it is clear that Hong Kong, Taiwan and the Mainland are full of hard-driving individuals seeking to build wealth and prosperity. However, in some ways, is there perhaps an overabundance of entrepreneurship? Are there too many in this part of the world who want to be in charge and too few to follow and implement? How can a more productive form of entrepreneurship be fostered?

About the speaker
Dr. Ta-lin Hsu is chairman and founder of H&Q Asia Pacific (H&QAP), a premier private equity firm investing in Asia and the U.S. since 1985. Through ten offices in the region, H&QAP invests in a variety of high-growth sectors, including technology, biotech, financial services, media and branded consumer products. H&QAP manages sixteen funds with approximately $1.6 billion in assets invested in over 250 portfolio companies. Three of these funds comprise $1.1 billion in assets and invest on a diversified basis across the Asia Pacific region while the remaining thirteen funds are country funds.

Dr. Hsu holds numerous advisory positions with governmental and industry organizations. He was a founding member of the prestigious Technology Review Board of Taiwan, a group established to advise the Executive Yuan on all technology matters. Dr. Hsu was also a founder of the Monte Jade Science & Technology organization, the premier nonprofit organization promoting technology exchange between Taiwan and the U.S. He was also a founder and first president of the Bay Area Chapter of the Chinese Institute of Engineers, the largest Chinese-American engineering society in the U.S.

Dr. Hsu received his Ph.D. degree in electrical engineering from the University of California, Berkeley following a M.S. in electrophysics from the Polytechnic Institute of Brooklyn and a B.S. in physics from National Taiwan University. He was a staff scientist at Allied Chemical for two years before joining IBM Research Laboratories in 1973. Dr. Hsu worked at IBM for twelve years, reaching the position of senior manager in the research division -- with corporate responsibility for advanced research and development of mass storage systems and technology -- before joining Hambrecht & Quist as a general partner in 1985.

Dr. Hsu is an Advisory Board Member of the the University of California, Berkeley, Haas School of Business, a member of the Council on Foreign Relations, and a member of the Board of Trustees of the Asia Foundation.

Philippines Conference Room

Dr. Ta-Lin Hsu Chairman and Founder Hambrecht & Quist Asia Pacific
Seminars
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This seminar is part 5 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

With China's fast growth pace, the build-up of its communication network is one important factor to ensure continuous growth. However, with the gloomy economy in the rest of the world, China's service providers are adjusting their investment strategy. Understanding the dynamics in the Greater China region will help capture market opportunity.

Mr. Gwong-Yih Lee is a distinguished entrepreneur, leader, and visionary in the emerging telecom market. Currently, he serves as a senior director of Global Solutions at Cisco Systems. Prior to Cisco, Mr. Lee was founder and chairman/CEO of TransMedia Communications, Inc. Acquired by Cisco in 1999 at the value of approximately $500 million, TransMedia builds products that capitalize on the opportunities created by the convergence of data, voice, and video. In 1999, TransMedia was selected as "Best of Breed" startup by the industry's top venture capitalists.

In May 1987, Mr. Lee founded Digicom Systems, Inc., a company devoted to high-speed modern communications applications in both software algorithms and hardware. Digicom has developed, manufactured, marketed, and supported a full continuing line of high speed communications products and was acquired by Creative Technology, Ltd. In 1994, prior to Mr. Lee's founding Digicom Systems, he held positions as a senior engineering manager with Silicon Valley firms including Anderson Jacobson, Racal-Datacom, and Cermetek Microelectronics.

Mr. Lee received a bachelor's degree from National Chiao-Tung University in Taiwan and a master's degree in electrical engineering from New York State University.

Philippines Conference Room, Encina Hall, Third Floor, Central Wing

Gwong-Yih Lee Senior Director and General Manager Cisco Systems
Seminars
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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

Seminars
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