This paper will be part of an interdisciplinary Handbook of Korean Unification designed to provide policy makers with a "blueprint" for a unified Korea. Drawing on lessons from privatization experiences in Germany and Central Europe, the paper outlines a step-by-step approach to the...

The U.S. environment for inbound FDI from China today exhibits striking parallels with the environment for Japanese FDI in the 1980s. The motivations for Chinese FDI, such as building on extensive export activity by reaping advantages from location and ownership in the U.S., and internalizing...

The “Beijing Consensus” is a broad label applied to China’s approach to economic governance, one in which the state plays a pervasive role and (at least in theory) markets serve the higher interests of national development. As such, the Beijing Consensus may be an alternative term for...

If recent history is any guide, the reunification of the Korean peninsula is a more realistic possibility today than at any time since armed conflict ended in 1953. This paper grew out of a three-year interdisciplinary project to provide policy makers with a "blueprint" for a unified Korea....

In this Article, we present data on legal elites in Japan - legally trained university graduates poised to pursue successful careers either as fast-track bureaucrats or lawyers handling sophisticated business transactions. The data show a marked shift in employment patterns over the past decade:...

Corporate governance scholarship on controlling shareholders has focused almost exclusively on shareholder wealth diversion (“tunneling”) and creation (“idiosyncratic vision”). This essay shifts the focus to the fusion of political and economic power inherent in corporate control, and...

Corporate governance scholarship on controlling shareholders has focused almost exclusively on shareholder wealth diversion (“tunneling”) and creation (“idiosyncratic vision”). This essay shifts the focus to the fusion of political and economic power inherent in corporate control, and...

More than forty years after its invention the poison pill defensive measure remains the subject of important judicial decisions and renewed academic debate concerning fundamental corporate governance questions, both in the United States, its country of origin, and in its adopted home of Japan....

This Article provides theoretical and empirical support for the claim that organized crime competes with the state to provide property rights enforcement and protection services. Drawing on extensive data from Japan, this Article shows that, like firms in regulated environments everywhere, the...