Professor Root's research project on Korea's prospects concludes that Korea can not be secure against future economic crisis without structural reform of finance, enterprise, and labor markets. Will Korea be strong enough to undertake untried, high-risk, long-term structural reform? In this seminar, he anticipates the levels of reform under current conditions and offers an alternative approach with better sustained growth prospects. Professor Root's research is focused on governmental transition and the political economy of growth, development policy; theory and practice; and social theory. He was chief consultant on governance at the Asian Development Bank from 1994 to 1997 where he initiated the restructuring of the public administration of Sri Lanka. His most recent books include Small Countries, Big Lessons: Governance and Rise of East Asia (Oxford University Press, 1996) and with Edgardo Campos, The Key to the Asian Miracle, Making Shared Growth Credible (Brookings Institution, 1996) For more information about the program please call (650) 723-8387.

This talk will look at the policy options for the Indian government as it deals with the slowdown of the Indian economy, sanctions following the nuclear tests, and internal security following the recent increase in tension between castes and attacks on minorities. Before assuming his post as Ambassador of India to the United States in April 1996, Ambassador Naresh Chandra, was Secretary to the Ministries of Water Resources, Defense, Interior and Justice from 1987 to 1990 in the Federal Indian Government. In December 1990, he became Cabinet Secretary, the highest post in the Indian Civil Service. He retired from that position in July 1992. He was also a Member of the Indian Space Commission and the Indian Atomic Energy Commission from 1990 to 1992. In August 1992, he was appointed a Senior Adviser to the Prime Minister of India. His last assignment was as the Governor of the State of Gujarat. He was the Indian Co-chairman of the US-India Technology Group, and Member of the Indo-US Economic Sub-Commission, which lent him valuable insight into the broad range of Indo-US relations. Following the economic liberalization program in India, he led the first official delegation to the US in 1992 to promote US investments in India. For more information about the program please call (650) 723-8387.

Mr. Tai is on leave from the Ministry of Foreign Affairs, Taipei, Taiwan while he is here at Shorenstein APARC. To attend the luncheon program please respond to Leigh Wang by Wednesday, September 26, 2001. You can reach her at 650-724-6405 or via email at lzwang@stanford.edu.

Messrs. Baba and Gemba have studied how industrial products need many parts and materials. For example, an automobile consists of three million parts. Supporting Industries (SI) supply various components and materials for the manufacturing of industrial products.Previous studies suggested that SI was important for industrial linkage, trade balance and research and development. However, no one showed quantitative analysis for SI very well. Messrs. Baba and Gemba measured the level of SI by using an output-input table. As a result, they found that Korean SI has become less dependent on Japanese SI while ASEAN's SI still depends on Japanese SI. Messrs. Baba and Gemba will discuss their research findings and their conclusion that local automobile parts suppliers in Indonesia need to improve client approval functions urgently in order to survive in the industry.

Lunch will be served at this special event. Please RSVP to Neeley Main by 10am on July 5, 2001 to secure your place. In addition to his post at the Chinese University of Hong Kong, Professor Liu is Research Director of Hong Kong Centre for Economic Research, the Director of the Hong Kong and Asia-Pacific Economics Reseach Programme, and the Secretary-General of the East Asian Economic Association.

In August 1997, after financial crisis had broken out in Thailand, Japanese officials proposed the establishment of an Asian Monetary Fund (AMF). The proposal encountered a number of obstacles, the most formidable of which was opposition by the United States and the IMF. Consequently, Japanese officials aborted the initiative. However, the notion of an AMF resurfaced in a variety of forms thereafter,. Most recently, a network of bilateral currency swap arrangements has begun to emerge among the ASEAN + 3 nations under the auspices of the May 2000 Chiang Mai Initiative. This talk will examine the political dynamics surrounding the Japanese Government's initial proposal for the creation of an AMF in 1997, and the arrangements that have emerged in its place. In doing so, the talk will attempt to draw out the significance of the AMF idea, its institutional evolution for the U.S.-Japan bilateral relationship, and for U.S. and Japanese roles in multilateral financial institutions today.

While Asia and Europe's bilateral links with the United States are deep, ties between Europe and Asia need to be strengthened. In the aftermath of the Asian economic crisis and Europe's focus on issues closer to home (European single currency and the enlargement process), is the building of a new Asia-Europe partnership a priority for the European Union? Can the Asian economic crisis serve as a window of opportunity for closer and lasting economic cooperation between Asia and Europe? How can Europe assist in the implementation of economic reform programs and the process of market liberalization? What is the future of enhanced EU-Asia political cooperation in the areas of the environment, crime and drugs, terrorism, and human rights? How can Europe and Asia best pursue their common interests in arms control, disarmament, and non-proliferation? Professor Rinsche has had a distinguished career in German and European politics spanning more than three decades: as a member of the German Parliament (1965-1972) and a member of the European Parliament for twenty years (1979-1999). He was president of the EP-Delegation for ASEAN, South-East Asia, and South Korea (1979-1999), and chairman of the CDU/CSU-Group from 1989-1999. He is currently president of the Konrad Adenauer Foundation, a German political foundation promoting civic education in Germany and democracy and development abroad. Professor Rinsche will have just returned from an extended trip to South-East Asia and China and will share his recent insights in the current situation in that region.