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Celebrating Sylff’s Twentieth Anniversary at Jadavpur University

October 23, 2023
By 24646

The much-anticipated return of in-person gatherings in the Sylff community was spearheaded by Jadavpur University, which hosted a COVID-delayed LANS meeting in March 2023 to commemorate JU-SYLFF’s twentieth anniversary. Sritama Chatterjee (Jadavpur University, 2017) reports on the gathering of Sylff alumni, who explored key questions confronting scholars in the humanities and social sciences.

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How do we reimagine our scholarship and engagement with the public in the aftermath of the COVID pandemic? This key question was at the heart of the Local Association Networking Support (LANS) meeting organized by Jadavpur University on March 28, 2023. This was the third time that JU organized a LANS gathering to promote the spirit of collaboration, exchange, and community among Jadavpur fellows, who have become leaders in their respective fields around the world. The LANS meet offered a space for the fellows to rekindle intellectual networks, though the fellows have always made efforts despite the pandemic to stay in touch with one another. The occasion also marked the twentieth anniversary of Sylff at JU. We were honored to be joined by Mari Suzuki, executive director of the Tokyo Foundation for Policy Research, on the occasion and for the Foundation’s continued support toward our work.

The presence of the JU-SYLFF executive committee at the meeting was also noteworthy. Each committee member, including our assistant pro-vice-chancellor and finance officer, offered encouraging words and pledged continuous administrative support for the work of the JU-SYLFF community. The LANS meeting began with Professor Shibashis Chatterjee, director of JU-SYLFF, welcoming Executive Director Suzuki, the fellows, and members of the executive committee to the meeting, followed by remarks from Professor Joyashree Roy, founder-advisor of JU-SYLFF, who recounted the history of how Sylff came to Jadavpur University in 2003. Faculty mentors present at the meeting—Professor Emerita Supriya Chaudhuri and Professor Kavita Panjabi—recounted how fellows over the years have gone on to make their presence felt in their distinctive ways.

As scholars in the humanities and social sciences, how we remember and document our institutional histories matter. To that end, we published the newsletter celebrating 20 years of Sylff at JU that carried articles and artwork of the members of JU-SYLFF community. The newsletter that I and other fellows—Moitrayee Sengupta, Sujaan Mukherjee, and Soumya Bhowmick—conceptualized and edited was the culmination of months of labor: writing a call for papers and multiple emails, reaching out to members of the community, writing an editorial, proofreading, copy-editing, and designing. Our hope is that the newsletter will serve to document the multiple interests and work that the JU-SYLFF community has done over the years and note the shifts and transformations.

Publication of the twentieth-anniversary issue of the JU-SYLFF newsletter.

The meeting followed a unique format featuring three roundtables focused on the themes of justice, governance, and public humanities. Questions developed by our faculty mentors and focused on these themes were shared with the fellows participating in the roundtable in advance so that the conversation could be streamlined and nuanced.

The first roundtable on justice was chaired by Professor Kavita Panjabi, and Sylff fellows Sreerupa Bhattacharya, Renee Lulam, and Sritama Chatterjee participated to consider the utility, limits, and potential of various modes of justice. Questions for this roundtable included: (a) Do you think restorative justice, which focuses on repairing the harm caused by the crime, can be a practical and effective alternative in contemporary times to retributive justice, which focuses on punishing an offence? Explain how or why not. (b) Do you think linguistic justice runs the risk of becoming a tokenism, whereby diversity accepted and even celebrated at the linguistic level may leave untouched a deep disdain for minorities and may even result in increased oppression in everyday life? To contextualize the roundtable, Professor Panjabi put forward various definitions of justice, such as restorative, reparative, and retributive, and referred to several Greek tragedies. In response to the questions posed, participants in the roundtable reflected on questions of accountability, the limits of the legal system, the #MeToo movement, and feminist ethics of justice.

The second roundtable focused on governance and was chaired by Professor Shibashish Chatterjee. Sylff fellows Sulagna Maitra, who travelled all the way from Dublin, and Sreya Mita were the participants for this roundtable. Questions addressed included: (a) How do we characterize the existing modes of governance in contemporary times? What are its normative goals? Your reflections on how modern capitalism and administration function would be very helpful. (b) How do we understand global governance and its challenges in the contemporary world order? What are the major issues involved? Is there a crisis of global governance at present? (c) Is governance a matter of justice or efficiency? What do existing practices suggest? Drawing on her expertise in humanitarian action, Sulagna Maitra reflected on the utility and limits of such action in the current geopolitical climate, while Sreya Mitra articulated her discomfort about the term “governance” itself: governance for what and for whom?

The conversations about equity and justice paved the way for the roundtable on public humanities and the value of the humanities in today’s world at a time of increasing anti-intellectualism. Chaired by Professor Emerita Supriya Chaudhuri, the roundtable saw Sujaan Mukherjee, Shubhasree Bhattacharyya, Sebanti Chatterjee, and Nikhilesh Bhattacharya speaking about the need for a more expansive understanding of what the humanities can bring to archival spaces, classrooms, and museum settings. The questions posed to the participants included: (a) One of the major concerns of public humanities is whether a humanities education itself can survive in an increasingly corporatized and managerial higher education system. What, in your opinion, is the role of the humanities today? (b) Should public humanities engage with the moral economy of well-being, debating questions of equality, access, freedom, and the need to formulate a concept of social justice? (c) How can public humanities go beyond narrowly human interests in order to address planetary concerns, such as inter-species relations, biopolitics, and environmental risk? In response to the questions about higher education, Shubhasree Bhattacharya reflected on a question that she was once asked, “What do you produce in the humanities?” While it prompted momentary laughter among all, it was a good reminder to escape falling into the vicious cycle of neoliberal models of academic productivity often demanded of scholars in the humanities and instead focus on work that will benefit communities and students, as stressed by both Mukherjee and Bhattacharya.

The LANS meet ended with a writing segment where participants reflected on their takeaways from the meet and with a group photo. As a JU-SYLFF fellow, I hope that the 2023 meeting will pave the way for more dynamic exchange and collaboration among fellows in the future.

Participants of the JU-SYLFF LANS meet 2023 pose for a group photo.

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The Interdependence of Heritage Tourism and Peace: Media Treatment of the Destruction and Rebuilding of the Jahanabad Buddha Statue in Pakistan

October 6, 2023
By 30654

The tourism industry relies heavily on peace and security, so the destruction of heritage sites by terrorist groups represents a major threat. Farhad Nazir (University of Coimbra, 2022) undertook a study of media reactions to the defacement of a large, seventh-century Buddhist statue in Swat, Pakistan, and its subsequent restoration. This Voices article is based on a paper that was originally published in the International Journal of Tourism Cities.

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There exists a significant historical connection between tourism and peace (Farmaki 2017, Farmaki & Stergiou 2021, Salazar 2006). With the exception of dark tourism and such categories as adventure and extreme sports, the majority of tourist activities are predicated on peace and security. A lack of social, environmental, economic, or political security is widely recognized as a significant obstacle to tourism. Nevertheless, due to precarious climatic conditions and rising political tensions, it is becoming increasingly difficult—at times almost impossible—to avoid encountering natural calamities, political upheavals, or terrorist activities.

This article seeks to analyze the links between heritage tourism and peace, drawing on a study in which I analyzed the content of 40 news sources to examine the demolition and subsequent reconstruction of the Seated Buddha of Jahanabad. The objective of the study was to explore the impact of peaceful conditions on cultural tourism.

Destruction and Reconstruction

Shortly after the application of Sharia law in Swat, Pakistan, the Tehrik-i-Taliban Pakistan (TTP) launched an attack on the Jahanabad Buddha statue in 2007. The defacement of the statue was confirmed following two explosions, as depicted in Figure 1. To win popular support and elicit sympathy, the TTP employed the tactic of iconoclasm and proclaimed their attacks as a success over Buddhist idols (De Nardi 2017).

Figure 1. Statue after destruction, September 2007. Source: Italian Archaeological Mission in Pakistan.

The act of terrorism aimed at demolishing the seated Buddha statue in Jahanabad was meant to communicate a message to both the local population and the international community. It sought to persuade individuals adhering to the Islamic faith that there would be no space for remnants of cultural or historical significance unrelated to Islam, emphasizing that Swat is exclusively a territory regulated by the Sharia legal framework.

However, the examination of Islamic teachings in the Holy Quran, Hadith, Sharia, and works of Fuqaha through discourse analysis has consistently reaffirmed the recognition of the rights of those who do not adhere to the Islamic faith, including their property rights and the protection of their sacred places of worship. Nevertheless, scholars from many backgrounds have raised objections to Islam’s purportedly tolerant attitude towards individuals who do not adhere to its beliefs (Michel 1985). It is noteworthy that during the self-proclaimed rule of the TTP in the Swat valley, the act of demolishing the Buddhist monument was carried out on religious grounds. And to substantiate their motives, the militants employed an anti-idol manifesto.

The military operation conducted in Swat in 2009 successfully eradicated the presence of TTP terrorists in the Swat valley, thereby reinstating the authority of the state. The Italian Archeological Mission, in collaboration with provincial and federal archaeological organizations, the Pakistan army, and the local population, has initiated efforts to reconstruct the heritage sites that have been destroyed, specifically focusing on the restoration of the Jahanabad Seated Buddha (De Nardi 2017, Tanweer 2011, Olivieri et al. 2019). The local community enthusiastically engaged in the process of reconstruction, demonstrating a commitment to the deeply ingrained cultural values and transcending religious differences. The restoration phase of the Buddha statue was successfully concluded in 2016 as a result of these collective efforts (De Nardi 2017, Lone 2019). Thanks to the collaborative endeavors of several stakeholders, the restoration of this remarkable site to its original form has successfully been achieved, reinstating it as one of the prominent cultural landmarks in the valley (see Figure 2).

Figure 2. Restored statue, 2016. Source: Italian Archaeological Mission in Pakistan.

Methodology

The study I and my colleagues at the University of Coimbra —Norberto Santos and Luis Silveiraconducted on the links between heritage tourism and peace employed a qualitative research approach, transcribing the textual and visual content of media news using the NVivo 12 interface. The data obtained consisted of two sets: media coverage of the demolition phase in 2007 and that of the subsequent rebuilding efforts from 2012 to 2016. Several national, regional, and international news agencies covered the destruction and rebuilding event. British Broadcasting Corporation (BBC), Agence France-Presse (AFP), Arab News, Deutsche Welle (DW), Voice of America (VOA), Turkish Radio and Television (TRT), World Is One News (WION), and South China Morning Post were among the international and regional media outlets, while notable national media included the Associated Press of Pakistan (APP), Express News, Geo News, Radio Pakistan, Dawn News, The Nation, and Express Tribune. We employed a hierarchical approach to conduct thematic analysis, wherein nodes, sub-themes, and themes were identified.

The findings shed light on six different themes: peaceful imagery, heritage dissonance  against interfaith harmony, peace allegory via restoration, precursor of heritage sustainability, community heritage consonance, and heritage touristic valuation.

Implications

Our research findings have broad implications for various stakeholders as well as for the general public. From a commercial perspective, there exist possible pathways and opportunities for the revival of the tourism industry at this significant heritage site. Drawing inspiration from community activism, a similar approach may be employed to foster community stewardship of the Swat heritage sites, emphasizing their importance, value, and preservation. In addition, referencing the UN Sustainable Development Goals could enhance the significance of this innovation.

The study offers insights for both general readers and academic scholars, as it focuses on the physical and cultural aspects of Swat—a district with a Muslim majority population and heritage sites that are not associated with Islam. It examines the complex relationship between heritage, terrorism, peace, and tourism. The implications encompass several touchpoints involving site management authorities, the supplier sector, and entrepreneurs.

Our research also examined the strategies for protecting tourist destinations both before and after a destructive event occurs, with a focus on possible impacts on tourism activities. We hope that this study serves as a wake-up call for legislative players in terms of governance, prompting them to develop a counter-terrorism policy in anticipation of potentially disruptive activities.

Encouraging Further Study

The study surveyed the news content of a small number of national and international media organizations using a qualitative research paradigm. These limitations, though, can act to encourage future studies—extending the data collection portals to prominent social media sites, for example—to unveil new details about the issue under probe. Further, the inclusion of incidents at other national and international heritage sites could result in novel research insights. Comparative studies on similar issues in the regional and global context would also offer insights into the synergy of heritage, tourism, terrorism, and peace. 

This research received support from the Centre of Studies in Geography and Spatial Planning (CEGOT), funded by the Foundation for Science and Technology (FCT) of Portugal, under reference UIDB/04084/2020 and from the Ryoichi Sasakawa Young Leaders Fellowship Fund, administered by the Tokyo Foundation for Policy Research.

References

De Nardi, S. (2017). “Everyday Heritage Activism in Swat Valley: Ethnographic Reflections on a Politics of Hope.” Heritage & Society, 10(3), pp. 237–258.

Farmaki, A. (2017). “The Tourism and Peace Nexus.” Tourism Management, 59, pp. 528–540.

Farmaki, A. and Stergiou, D. (2021). “Peace and Tourism: Bridging the Gap through Justice.” Peace & Change, 46(3), pp. 286–309.

Lone, A. G. (2019). “The Scope of the Buddhist ‘Workshops’ and Artistic ‘Centres’ in the Swat Valley, Ancient Uḍḍiyāna, in Pakistan. In W. Rienjang & P. Stewart, eds., The Geography of Gandhāran Art (pp. 107–120). Archaeopress Archaeology.

Michel, T. (1985). “The Rights of Non‐Muslims in Islam: An Opening Statement.” Journal of Muslim Minority Affairs, 6(1), pp. 7–20.

Olivieri, L. M., Marzaioli, F., Passariello, I., Iori, E., Micheli, R., Terrasi, F., Vidale, M., & D’Onofrio, A. (2019). “A New Revised Chronology and Cultural Sequence of the Swat Valley, Khyber Pakhtunkhwa (Pakistan) in the Light of Current Excavations at Barikot (Bir-kot-ghwandai).” Nuclear Instruments and Methods in Physics Research Section B: Beam Interactions with Materials and Atoms, 456, pp. 148–156.

Salazar, N.B. (2006). “Building a ‘Culture of Peace’ through Tourism: Reflexive and Analytical Notes and Queries.” Universitas Humanística (62), pp. 319–336.

Tanweer, T. (2011). “Italian Archaeological Activities in Swat: An Introduction.” Journal of Asian Civilizations, 34(1), pp. 48–80.

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SLI Award for Project to Raise Awareness of Mental Health Issues in Mongolia

October 5, 2023

The Sylff Association Secretariat is pleased to announce a recent recipient of a Sylff Leadership Initiatives (SLI) award. SLI supports Sylff fellows’ initiatives to change society for the better with awards of up to US$10,000.

Dorjkhand Sharavjamts, a Sylff fellowship recipient in 2020–21 at the National Academy of Governance, holds a PhD in applied psychology and a master’s in public administration. She is currently working as a psychologist, providing therapy and counseling to clients.

Sharavjamts, left, and project members.

With the SLI grant, she will hold a conference for academics, policymakers, and mental health practitioners to raise awareness of how childhood trauma affects mental health. Over the long term, she hopes to foster partnerships among various stakeholders and bridge the gap between research and practice to enable more effective, evidence-based interventions.

Congratulations to Dorjkhand Sharavjamts on winning the award. The Sylff Association secretariat is pleased to support to fellows who are taking social action by applying their expertise to build a better world for all. Applications for an SLI grant are open to fellows interested in initiating a project of their own.

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Popular Identity of the Czech Political “People”

September 22, 2023
By 29662

Democracy rests on the idea of popular sovereignty, but how can the collective will of a social construct called “people” be accurately ascertained? Lukáš Lev Červinka (Charles University, 2021) used an SRG award to conduct a survey on Czech popular identity, finding unexpectedly strong identification with state actors and also some disturbing corollaries about ethnocentric nationalism.

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All concepts of modern democracy regard self-governance by the people as a cornerstone of this system of government; without it, there is no democracy. However, even though democracy presupposes the existence of a “people” expressing its collective will, claims to represent such will are usually treated with caution, given that “good” dictators and authoritarian régimes want to assert that their policies reflect the general will (volonté générale) of the people.

People as a collective is an elusive beast whose nature is tricky to identify, but at the same time, it is generally assumed that if there is democracy, then there must be people as a ruling entity—a collective with a will, sense of membership, values, memory, goals, and everything else that is usually associated with a collective or group. However, how can we define “people” without succumbing to oversimplification, generalization, or even mythicization?

Research Focus and Objectives

My first goal in launching the Establishment Research Project,[1] supported by a Syllf fellowship, was to find a theoretical framework that would enable me to treat people as a collective and study its inner processes and values. This led me to the social systems theory of Niklas Luhmann,[2] the social imaginaries of Charles Taylor,[3] and the imagined communities of Benedict Anderson.[4] By adapting those theories, I have conceptualized “people” as an autopoietic organizational system—in other words, a social construct that is determined by its decisions. The people as a democratic sovereign is, therefore, not to be understood as individual citizens or inhabitants but as an imagined community of those who participate in its self-governance by making the decisions through which their identity as a collective is established.

In my Sylff-supported PhD thesis on Anti-Establishment Political Parties: Threat to Democracy or Chance for Its New Equilibrium, written at the Faculty of Law of Charles University in the Czech Republic and at Ca’ Foscari University in Venice, Italy, I concluded that the decisions that articulate the popular identity of a people are not only participation in elections, referenda, demonstrations, strikes, and, sometimes, revolutions but also appropriation of cultural products, such as songs and the constitution. Through these decisions, the “people” can manifest themselves as a collective body and create an identity that articulates their social demands and values.

To test the viability of this theory and determine whether it can be used in practice, I have conducted a survey, funded with an SRG award from the Sylff Association, to explore which actors articulate the popular image of the Czech people, what decisions determine their identity, and on which values this identity is built.

Observations

When surveying which actors articulate the image of the Czech people, the most positive score (the difference between the percentage answering that an actor articulates values of the Czech people and the percentage saying it does not) was +44.8 received by “scholars and scientists.” This is of little surprise, considering the technocratic nature of Czech society, which places a high value on formal education, academic titles, and expert knowledge. This is supported by the much lower score (+14.1) received by “experts outside of academia.” Quite striking, though, was the high scores received by actors of the state, such as “courts of justice,” “police,” “armed forces,” and the “president of the republic” (see table below).

How Well Do the Following Actors Articulate the Values of the Czech People?

Actor

Score

Political parties

−20.4

Scholars and scientists

+44.8

Religious organizations

−37.5

Experts outside academia

+14.1

Public media

+15.0

Private media

−18.9

Artists

+9.2

Trade unions

+1.4

NGOs

−5.0

Courts of justice

+31.1

Police

+37.7

Armed forces

+37.3

President of the republic

+45.0

Note: Scores are the percentage of respondents identifying an actor as articulating the values of the Czech people minus the percentage saying it does not.

 

Interestingly, the answers regarding the values represented by such public holidays as New Year’s Day, Czech Statehood Day, and May Day suggest not only a strong nonreligious (or even antireligious) nature of the Czech popular identity but also people’s strong identification with state actors—despite the fact they are often depicted as an enemy of the people in Czech pop culture. This demonstrates that the Czech state is considered a tool of the Czech people in articulating their social demands and defending their interests. 

 

An image generated by using the prompt, “Czech state-people intertwinning,” by Midjourney (https://docs.midjourney.com/).

 

The close relationship between the Czech state and Czech identity is not in itself bad, but survey results using the modified Bogardus social distance scale[5] showed some disturbing patterns. When asked whether they would allow a Czech citizen of Roma ethnicity to stand for the office of the president of the republic, only 82.1 % of respondents said yes. The results were even more worrying for a Czech citizen of Ukrainian ethnicity (65.5 %) and a Czech citizen who cannot speak Czech (51.1 %).

 

An image generated by using the prompt, “Ethnic-centred Czech people,” by Midjourney (https://docs.midjourney.com/).

 

Finally, when asked where to put the Czech people regarding their values, most of the respondents chose the Visegrad Group countries (Czechia, Poland, Slovakia, and Hungary), rather than the Euroatlantic space. This, unfortunately, supports the argument that the Czech people still find themselves inside the post-Habsburg space of conservative nationalism and bureaucratic étatism.

The SRG-funded survey revealed not only the usefulness of the theoretical concept of “people” as an organizational system and a living, democratic sovereign but also the disturbing, ethnicity-centred nature of the Czech popular identity and its deep intertwining with the structures of the Czech state.

 

[1] More about the project at https://establishment.cz

[2] Niklas Luhmann, Social Systems (Stanford: Stanford University Press, 1995) .

[3] Charles Taylor, Modern Social Imaginaries, 2nd ed. (Durham and London: Duke University Press, 2004).

[4] Benedict Anderson, Imagined Communities: Reflections on the Origin and Spread of Nationalism (London, New York: Verso, 2006).

[5] The Bogardus scale was adapted to show the social distance of excluded communities within Czech society, that is, those not regarded as part of Czech self-governance.

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Sylff@Tokyo: Integrating Love of Opera into Research on the Health Effects of Air Pollution

September 14, 2023

Mike Zhongyu He, a 2017–19 Sylff fellowship recipient at Columbia University, visited the Sylff Association secretariat on August 30, 2023, during his trip to Tokyo.

He is a postdoctoral fellow at the Icahn School of Medicine at Mount Sinai and an adjunct assistant professor at Columbia University and Barnard College. He received his PhD in environmental health sciences from Columbia University’s Mailman School of Public Health in 2020.

(From left) Executive director Mari Suzuki, Mike Zhongyu He, program officer Maki Shimada, director Keita Sugai, and program officer Konatsu Furuya.

His research interests include methods in environmental epidemiology, air pollution exposure modeling, and health impact assessments. He told the Sylff Association secretariat that the COVID pandemic simulated a real-world experiment offering insights into how international travel affects global warming.

Outside of research, He is an avid classical music enthusiast and an active singer of operatic and oratorio works. Over lunch, He shared with us how he integrates the love of his life—opera—into his classroom teaching activities. He also has a passion for traveling and conducts fieldwork all over the world.

Read more about He’s academic and artistic activities on his personal webpage:

https://mikezhe.com/index.html

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Has the Hindu Majority Developed a ‘Nazi Conscience’ in India?

August 28, 2023
By 28804

Emboldened by state support, Hindu nationalists have unleashed violent attacks on religious minorities in India, writes Amit Singh (University of Coimbra, 2020-21), leading to the development of a ‘Nazi conscience’ among the country’s Hindu majority.

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Organized and sporadic violence by Hindu extremists against religious-ethnic minorities in India has shocked the world, particularly ethnic violence in Manipur. Under the Hindu nationalist Prime Minister Narendra Modi, cases of mob-lynching and killings are becoming pattern in a religiously polarized Hindu India, targeted to minorities. The prominence of ethnic revival, large number of Hindu participations in such violence, and lack of their condemnation of these acts, all of these factors give rise to the question as to whether the Hindu majority has developedNazi conscience.’

Nazi concentration and extermination camp Auschwitz-Birkenau. Photograph by the author

 
The idea of Nazi conscience was originally applied in the context of the genocide of Jews in Nazi Germany, where the Nazis, along with an ordinary Germans, morally justified the murder of Jews. A general apathy to the human rights of minorities, a lack of respect towards the life of ‘others,’ and normalization of violence against them are fundamental parts of the Nazi conscience. 

In the Indian context, Hindutva as a vehicle of Hindu nationalism has ignited a kind of Nazi conscience in ordinary Hindus that makes violence against religious minorities seem normal and justified. This includes witnessing daily violence against Muslim minorities and Dalits and not intervening in such acts.

The Hindutva’s political narrative of past invasions by Muslim rulers and their atrocities against Hindus in the middle ages and the partition of India in 1947 has made the Hindu majority hostile to Muslims. Constitutional privileges such as personal family rights for Muslims and religious grants anger the Hindu majority. They feel victimized and insecure, and Hindutva leaders manipulate these anti-Muslim sentiments for political victory.

Ideologically Justified Violence

The RSS (Rashtriya Swayamsevak Sangh), a Hindu militant organization, has shaped Hindu nationalism into a hegemonic ideology and propagates Hindu exclusivity of religion and culture. The Hindutva ideologue MS Golwalkar asserted that the country's minorities should be treated in the same way as the Nazis treated the Jews. With its political front BJP currently in power, the RSS has succeeded in influencing the collective Hindu psyche to take vengeance against Muslims.

These calculated attempts by the RSS have been instrumental in creating a militant identity and Nazi conscience amongst the Hindu majority against perceived foreign “invaders,” such as Muslims and Christians. With each passing ethno-religious riot, the Hindu collective self is gradually being desensitized and freed from collective guilt in the observation or killing of human life. For a person with a Nazi conscience, violence is now perceived to be morally righteous.

Violence has become essential for Hindutva politics, and in this way it could be said that the Hindu majority has developed a ‘Nazi conscience.’ The Hindus have lost historical sensitivity towards religious minorities with whom they have lived for hundreds of years. The use of ‘Hindu nationalism’ in post-colonial India has actually benefited the BJP in elections. However, at the same time, Hindu nationalism has done great harm to communal harmony of Indian society. Hindus have been turned against Muslims—although, in some exceptional cases, Hindus did save the lives of Muslims.

Modi’s Hindutva state has played a key role in this process. The state has granted impunity to those involved in the lynching of Muslims and has rewarded those responsible for inciting riots. And the State has constantly harassed those who have come out in protest against Hindu intolerance and Islamophobia.

In large-scale riots, such as the Gujrat riots in 2002 and ethnic violence in Manipur, the perpetrators were Hindu extremists and victims were primarily religious ethnic minorities. Big riots, moreover, usually happen with the complicity of the state machinery and the Hindu majority. So, the majority is not just a passive onlooker but a participant in the ritual of violence.

Rewarding the Islamophobic Leader    

Prime Minister Narendra Modi is notorious for his complicity in the anti-Muslim pogrom in Gujrat in 2002. He has built his political career on the basis of communal violence and fear. And the Hindu majority reelected him in 2019. The Hindu majority bears deep resentment against Muslims. In fact, one study reveals that the BJP gains in the polls after every anti-Muslim riot.

Under the RSS-backed Modi’s regime since 2014, anti-Muslim narratives have been strategically propagated by the government. The mainstream media has consistently cultivated a deep animosity against religious minorities. This process of vilification has normalized violence against them. The ascendency of Hindu nationalism has given Hindus ‘the power to claim, and receive, impunity for violence from elected governments.’

Muslims and Dalits have been lynched by mobs of Hindutva fanatics; violence against them is normalized and seems to be supported by the Modi government. Vijay Narayan, a political activist in Varanasi, argues that the Hindu majority is influenced by the fascist ideology of Hindu nationalism.

Failed Secularism

After the bloody partition in 1947, secularism was introduced as an alternative to Hindu nationalism to protect Indian society from communal frenzy and religious fanaticism. Indian secularism, unique in its kind, is associated with religious tolerance. Yet, ironically, the Hindu majority has never abandoned the idea that India is a Hindu nation. It has rejected traditional Hindu tolerance, an idea that enabled communal harmony among India’s diverse population.

Indian secularism has failed to prevent the rise of Hindutva and the communalization of the Hindu masses. As long as the public institutions and the mainstream media are under the influence of the Hindu nationalist government, the process of Nazification of the Hindu majority cannot be checked. Alarm about the possibility of an impending Muslim genocide is already being sounded. To achieve communal harmony, the state must rid itself of Hindutva and follow constitutional secularism. This seems almost impossible under the present Hindu nationalist government.

If the influence of Hindutva on the Hindu majority and the Hindu religion increases, the general state of human rights, especially freedom of expression and rights of religious-ethnic minorities, and secularism is likely to deteriorate. However, we must remember that religious tolerance and resistance is a part of the India’s ancient secular traditions that challenged Hindu fundamentalism thorough the various periods of Indian history. In the longer run, there is a possibility of resistance to Hindu religious bigotry that could weaken the influence of Hindutva on Indian society. It can bring secular democratic change stalling the process of the Nazification of the Hindu majority and preventing them from becoming a Nazified Hindu.

This article was originally published in The Loop and is reprinted here following slight modification by the author. The views presented here are of the author and do not necessarily reflect those of the Sylff Association.

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Bulgarian Fellow Receives Commendation from Japan’s Foreign Minister

June 19, 2023

The Sylff Association secretariat is pleased to share wonderful news that Evgeniy Kandilarov has been awarded a Japanese Foreign Minister’s Commendation.

The commendation was presented to Kandilarov by Japanese Ambassador Hiroshi Narahira.

Kandilarov received a Sylff fellowship in 2003 from Sofia University “St. Kliment Ohridski” in Bulgaria and is now an associate professor in the Japanese Studies Department at his alma mater. He used his fellowship to conduct research in Japan, focusing on political, economic, and cultural relations between Bulgaria and Japan during modern times.

The commendation acknowledges not only his academic achievements but also his significant contributions to deepening understanding of Japan in his home country and promoting friendship between the two countries.

The award was presented by Hiroshi Narahira, Japanese ambassador to Bulgaria, at an award ceremony held at the university on April 27, 2023. The event was attended by the university rector, Professor Anastas Gerdjikov, and members of the university faculty and the Bulgarian Academy of Sciences.

Guests at the ceremony, including those who mentored Kandilarov’s research.

“This award is very valuable to me because it recognizes the social benefits of my academic work,” Kandilarov said at the ceremony, adding that he hopes to meet the expectations and responsibilities placed on him by working even harder for the development of Bulgarian-Japanese relations in the future.

Kandilarov expresses his gratitude for the award.

Celebrating Kandilarov’s award.

The Sylff Association secretariat was thrilled to learn of the award and offers its warmest congratulations to Kandilarov for his achievements. We wish him even greater success in his research activities and the promotion of good relations between Bulgaria and Japan.

All photos from Sofia University's website.

 

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Sylff@Tokyo: Memorable Office Concert by Juilliard Fellow

June 9, 2023

Timothy Chooi, a 2018–19 Sylff fellowship recipient at the Juilliard School, visited the Sylff Association secretariat with his older brother, Nikki, for an office concert on May 22, 2023.

Program
1) Bach: “Andante” from Sonata No. 2 in A minor BWV 1003 (Timothy Chooi) [
1:25-5:55]
2) Prokofiev: Sonata for Two Violins (Nikki and Timothy Chooi) [
7:00-22:05]
3) Massenet: Meditation from “Thaïs” (Nikki and Timothy Chooi) [
22:15-27:45]

The Chooi brothers are on a tour of several countries in Asia and stopped by the Tokyo Foundation for Policy Research during their stay in Japan. Timothy currently performs on the 1709 “Engleman” Stradivarius violin, on loan from the Nippon Music Foundation, a sister organization of the Tokyo Foundation.

(From left) Reiko Ishikawa and Tamio Kano of the Nippon Music Foundation; Nikki and Timothy Chooi; executive director Mari Suzuki, program officer Maki Shimada, and director Keita Sugai.

Visit the websites of Timothy and Nikki Chooi to learn more about their achievements and upcoming concerts:
Timothy Chooi: https://www.timothychooi.com/
Nikki Chooi: https://www.nikkichooi.com/

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  • 投稿者 : ld-sylff

Sylff@Tokyo: Juilliard Fellow’s Community Healing Initiatives

June 2, 2023

Erika Mitsui, a 2015–16 Sylff fellowship recipient at the Juilliard School, visited the Sylff Association secretariat on May 8, 2023. She is a multitalented fellow, having graduated from Columbia University with a degree in East Asian studies before earning a master’s in violin at the Julliard School and receiving a medical degree (MD) at Columbia.

(From left) Program officer Maki Shimada, Sylff fellow Erika Mitsui, and executive director Mari Suzuki.

Her visit, which was her second to the Tokyo Foundation, came right after the Golden Week string of holidays in Japan. With her social science, musical, and medical degrees, she is contributing to society in a very unique way.

After graduating from the Juilliard School, she spent about a year playing the violin at various public venues, including an inpatient ward of a hospital. This was an eye-opening experience that convinced her that music has the power to heal people even with serious diseases like cancer and to ease emotional hardships. She thus chose to embark on a new career path that would enable her make a direct impact on the lives of people in the community.

From this summer, she will serve as a resident physician at Columbia, advancing her training in anesthesiology, internal medicine, and the respiratory system. She is also continuing to promote physical and emotional healing through music, taking part in a concert at a hospital with an orchestra.

She contributes actively to the community as a member of the New York–based Japanese Medical Society for America, exploring ways to overcome complications from COVID-19; she also works on a website to encourage both healthy and ill people to think about their life closure preferences—for example, whether or not they seek life-prolonging treatment. Most medical books about this issue are published in English, so she hopes to translate them into Japanese and other languages.

We thank Mitsui for visiting the Foundation and wish her continued success in her professional career.

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  • 投稿者 : ld-sylff

Performance of ESG Investment Strategies: Evidence from the 2015–2020 Bull Market and the Impact of COVID-19

June 2, 2023
By 30810

Máté Fain is a 2022 Sylff Fellow (Corvinus University of Budapest, Hungarian Academy of Sciences Group). For this dissertation, he explored whether environmental, social and governance (ESG) investment strategies are compatible with boosting the corporate “bottom line.” He concludes that good ESG may not always generate superior returns under adverse market conditions such as a pandemic. However, combined with traditional styles, it might yield positive outcomes.

* * *

What do oil, soybean, gold, and water have in common? The answer, at first, may be surprising: in late 2020, water joined these well-known commodities on Wall Street: Californian farmers, hedge funds, and municipalities can now purchase water futures to hedge related risks. Besides water, weather derivatives are another type of commodity responds to environmental challenges but has a more mature market: the Chicago Mercantile Exchange introduced the first exchange-traded weather futures contracts and corresponding options in 1999, mostly tracking cooling or heating days. Some studies have gone even further and explored designing and pricing air-pollution derivatives.

More importantly, these market developments and scientific initiatives on risk management draw attention to sustainability. Sustainability challenges are getting more severe as life-sustaining natural resources become scarce worldwide.

Fostering environmental, social, and economic dimensions of sustainability is an urgent challenge to society. The Paris Agreement signed in 2016 to mitigate climate change or the United Nations Sustainable Development Goals (SDGs) established in 2015 with a broader scope on environmental and social concerns underscores the inevitability of addressing sustainability.

Stakeholder theory argues that dealing with stakeholder claims – from customers, employees, local communities, shareholders, and even the natural environment – is imperative for companies to fulfill their mission. Meanwhile, advocates of the trade-off hypothesis contend that resource reallocation to sustainability activities does not pay off; instead, such activities raise operating costs due to the internalization of externalities. Consequently, I examined if, it is possible to reconcile sustainability with companies’ financial objectives.

The Research Question: Does "Doing Well While Doing Good" Prevail?

Alignment with sustainability goals might be assessed from as many angles as stakeholders exist. I focused on shareholder wealth and examined sustainability from an asset-owner perspective: is it possible to boost the bottom line by implementing sustainable corporate practices? Does the “doing well while doing good” concept prevail? If so, investors, as influential stakeholders, may drive sustainable economic growth.

Studying the impact of sustainability on shareholder value-added may manifest in several forms. Firstly, the analysis might cover accounting profitability, respond to how equity markets price sustainability, and identify the potential risk-adjusted excess returns for investors. My research intended to explore the last case.

In the investment literature, environmental, social and governance (ESG) is a broad umbrella term for firms’ sustainability . A wide range of ESG-conscious investment strategies exists, from exclusionary screening to direct shareholder engagement. My research concentrated on the ESG integration approach (applying ESG scores ranging from 0 to 100 of corporations to compile stock portfolios) and ESG-themed investing (equity portfolios that use megatrends such as energy efficiency, aging population, water scarcity, and cybersecurity). ESG integration is exceptionally popular, with US$25,000 billion in total assets under management, while thematic investing is the most significantly rising strategy, with a 2,250 per cent increase in 8 years.

Figure 1. Global growth of sustainable investing strategies
Note: AUM stands for “assets under management.” Source: GSIA (2020, p. 11)

For the ESG integration strategy, I applied separate environmental, social and governance ratings, and every stock belonged to one of the following portfolios: leaders, followers, loungers, laggards, and not rated. Thematic portfolios covered nine UN SDG-related challenges, such as water scarcity, aging population, and cybersecurity concerns. Each thematic portfolio fitted environmental, social and governance megatrends and encompassed firms with business models addressing critical sustainability challenges.

In compiling the ESG portfolio, more than 100 different investment styles, industries, and country exposures were controlled for to filter out secondary factor effects. Altogether the database included more than 15 million data points. The methodology followed a factor portfolio construction procedure: stock weights and returns were derived from extended Fama-MacBeth cross-sectional regressions (Fama, 1976; Fama and MacBeth, 1973). The time-series analysis of ESG factor portfolio returns applied the Fama and French (2018) right-hand-side approach.

Contribution

This research contributes to the existing investment literature on sustainability in several ways. Firstly, it complements the active debate about the role of ESG in general, which is far from settled (i.e., it is still an open question if it is possible to achieve significant extra returns with ESG, or, on the contrary, these investments are underperformers causing loss to investors). Secondly, to the best of my knowledge, no one has yet applied a stakeholder-based conceptual model that differentiates “organizational” and “global” sustainability. Originally Garvare and Johansson (2010) drew the distinction between organizational and global sustainability. ESG integration is consistent with organizational sustainability, while ESG-themed investing corresponds more to global sustainability.

The dissertation emphasizes the megatrend concept and integrates signaling theory into the stock selection processes. It also introduces a new mathematical formula for measuring megatrend exposures. Using the right-hand-side approach in the ESG framework is a novelty as well. Further, ESG-themed investing is a relatively new strategy, having shorter history than other strategies, such as negative screening, which was the pioneer sustainability investing strategy; hence, it is under-researched in the literature. Finally, the database used is unique and comprehensive, making the data suitable for measuring the pure performance of ESG factors.

Empirical Results in a Nutshell

The analyses revealed some remarkable findings. Investors allocating resources to ESG leaders and thematic portfolios achieved returns in the longer term commensurate with risk. Further, in the ESG integration strategy, a nonlinear relation prevailed, which contradicts the literature’s most common findings that there is either a positive, negative or neutral relationship between financial and ESG performance (non-linearity means that financial performance does not increase proportionally with ESG performance, as there is a “peak” after which increasing ESG performance does not come with significantly higher financial performance; sometimes financial performance even decreases, suggesting an inverted-U graphical representation of the ESG-financial performance relation), supporting diminishing marginal returns to ESG (law of diminishing returns: a firm will get less and less extra output – here, financial returns – when it adds additional units of an input – here, better ESG compliance). Next, during the exogenous shock of the COVID-19 pandemic, the figures did not corroborate the literature’s “flight to quality” concept (i.e., investors begin to shift their assets away from riskier investments into safer ones). Finally, no sufficient evidence was found for ESG factors to complement Fama and French models (Fama-French models detect factors such as firm size and investment policy that could explain stock returns; if a new factor is found, it could be added to the previous ones).

In summary, in most cases, investors could realize at least fair returns with sustainable investing. This finding is consistent with the efficient-market hypothesis, i.e., share prices reflect all public information, stocks trade at their fair market value. In other words, although there is only a slight chance for investors to gain superior risk-adjusted returns, they could contribute to the higher goals of sustainability without sacrificing returns.

Implications

The empirical results imply that most ESG portfolios yielded non-negative excess returns, even after accounting for transaction costs up to 25-50 basis points per annum. Higher transaction costs, as is the case for some exchange traded funds (frequently abbreviated ETFs) with expense ratios reaching 80-100 basis points per annum, may indicate two things: ESG-themed megatrend investors are willing to sacrifice approximately 25-50 basis points of annual return to remain aligned with sustainability targets, or the expense ratio may well decline in the future (nowadays, the average expense ratio is around 0.60 per cent).

Portfolio managers who integrate sustainability in their investment portfolios undertake a dual optimization process that combines ESG strategies with fundamental valuation. The proposed ESG pure factor portfolios might be utilized as smart beta indices to measure investment portfolios’ ESG factor exposure. This method is superior to calculating the overall ESG rating of investment portfolios currently commonly used by asset managers, as it separates the performance contribution of ESG from the secondary factors such as geographical, industry, or style effects.

ESG portfolios allow asset owners and managers to align their investment policies with the requirements and targets of international standards and regulations. According to a representative of the central bank of Hungary, whom I interviewed, both strategies are consistent with the EU Sustainable Finance Disclosure Regulation requirements. Thematic investing might be aligned with the Taxonomy Regulation and can be flexibly adapted to the SDGs and the climate goals of the Paris Agreement.

These results do not provide sufficient evidence for “flight to quality” during the first wave of the COVID-19 pandemic regarding ESG leaders, which contradicts Albuquerque et al. (2020), Broadstock et al. (2021), and Ding et al. (2021). One possible explanation might be that secondary factor effects substantially influence good ESG portfolios. Once these secondary effects are considered and filtered out, the otherwise observable outperformance disappears.

In summary, good ESG is not necessarily a panacea to generate superior returns during adverse market conditions such as a pandemic. However, combined with traditional styles or sectors, it might yield positive outcomes.

References

Albuquerque, R., Koskinen, Y., Yang, S., & Zhang, C. (2020). Resiliency of environmental and social stocks: An analysis of the exogenous COVID-19 market crash. The Review of Corporate Finance Studies, 9(3), 593-621. https://doi.org/10.1093/rcfs/cfaa011  

Broadstock, David C., Kalok Chan, Louis T. W. Cheng, and Xiaowei Wang. “The Role of ESG Performance During Times of Financial Crisis: Evidence from COVID-19 in China.” Finance Research Letters 38 (2021): 101716. https://doi.org/10.1016/j.frl.2020.101716.

Ding, Wenzhi, Ross Levine, Chen Lin, and Wensi Xie. “Corporate Immunity to the COVID-19 Pandemic.” Journal of Financial Economics 141, no. 2 (2021). https://doi.org/10.1016/j.jfineco.2021.03.005.

Dodd, E. Merrick, Jr. “For Whom Are Corporate Managers Trustees?” Harvard Law Review 45, no. 7 (1932): 1145–63. https://doi.org/10.2307/1331697.

Fama, Eugene F. Foundations of Finance: Portfolio Decisions and Securities Prices. New York: Basic Books, 1976.

Fama, Eugene F., and Kenneth R. French. “Choosing Factors.” Journal of Financial Economics 128 (2018): 234–52. https://doi.org/10.1016/j.jfineco.2018.02.012.

Fama, Eugene F., and James D. MacBeth. “Risk, Return, and Equilibrium: Empirical Tests.” Journal of Political Economy 81 (1973): 607–36. https://doi.org/10.1086/260061.

Garvare, Rickard, and Peter Johansson. “Management for Sustainability – A Stakeholder Theory.” Total Quality Management & Business Excellence 21 (2010): 737–44. https://doi.org/10.1080/14783363.2010.483095.

Global Sustainable Investment Alliance. Global Sustainable Investment Review 2020. GSIA, 2020. http://www.gsi-alliance.org/trends-report-2020/.