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Born in mainland China, Professor Lau has a bachelor's degree in physics and economics from Stanford University, and master's and doctorate degrees in economics from the University of California at Berkeley. Last year, Professor Lau was named Kwoh-Ting Li professor emeritus in economic development at Stanford after being appointed the first Kwoh-Ting Li professor in 1992.
Professor Lau has a 40-plus year affiliation with Stanford that began in 1964 when he graduated from the university. Two years later he became a faculty member in the university's economics department. He later served as co-director of the Asia-Pacific Research Center and as director of the Stanford Institute for Economic Policy Research.
He was awarded an honorary doctorate in social sciences by the Hong Kong University of Science and Technology in 1999. This year he received honorary doctorates from Soka University and Waseda University. Both universities are located in Tokyo, Japan.
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