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.

Nearly a quarter-century has elapsed since the Khmer Rouge held power in Cambodia (1975-78). Yet Cambodians still are shadowed by that catastrophic experience, and by conflicting legacies from other parts of their country's past. Cambodians continue to struggle to come to terms with what the Pol Pot era meant, and with what has happened to them since. After centuries of relative isolation, they must also contend with changes in Cambodia's identity in what seems to be an ever faster moving world. Views of Cambodia's history and destiny, formed in colonial and Cold War times, no longer seem to fit. But new interpretations have not yet taken hold. Epitomizing this confusion is the issue of bringing surviving Khmer Rouge leaders to justice. Over the last decade or so, efforts toward this end have inched forward and bogged down, beset by clashing political priorities and notions of justice and culpability. Cambodians ask themselves: Should we insist on remembering, or allow forgetting? Why? And with what implications for the future? David Chandler is the leading English-language historian of Cambodia. He holds degrees from Harvard College, Yale University, and the University of Michigan. From l972 to l997 he taught Southeast Asian history at Monash University in Australia. Since then he has held appointments at the University of Wisconsin-Madison, the University of Oregon, and Cornell University. His books include A History of Cambodia (3rd ed., 2000), Brother Number One: A Political Biography of Pol Pot (2nd ed., 1999), and Voices from S 21: Terror and History in Pol Pot's Secret Prison (l999). His many other writings include coauthorship of the classic history text, In Search of Southeast Asia (1971), the 3rd revised edition of which should appear next year.

Mr. Bhatnagar will focus on the considerations that guide and motivate large companies to seek markets in developing economies and the risks that they face in being early pioneers. He will speak from his experiences in developing projects and working in Asian economies, with special reference to Enron's experience in India in developing and financing the Dabhol Power Project, the largest independent power plant and LNG terminal in India.

The Dabhol Project is a $3 billion investment in an LNG-fired power plant and port infrastructure in India and typifies the challenges large investments face in developing economies such as India. Projects such as Dabhol can help kickstart infrastructure investments in developing economies; investments that these countries sorely need and the talk will focus on the the hurdles the project has faced over the years and overcome and the efforts of a country to balance the vested interests in the economy with the need for new investment.

Sanjay Bhatnagar is currently working on developing and investing in several energy and telecommunication projects in India and the U.S. as a free agent based out of New York. Until recently, Mr. Bhatnagar was the CEO of Enron Broadband Services in the Middle East and Asia in Singapore responsible for developing Enron's telecommunication business in the region. Mr. Bhatnagar received his MBA from Harvard University in 1993, a Master's in Engineering from Stanford University in 1989 and a Bachelor's in Mechanical Engineering with distinction from the Indian Institute of Technology in 1983.

For more than twenty years, labor-intensive industrialization in developing countries has generated controversy about "sweatshop" conditions in the factories of multinational companies and their regional subcontractors. In recent years, U.S. university students have vigorously opposed such factories as sites of abuse and exploitation. Others reply that such places offer their mainly young and female workers much-needed income and independence. Much of this controversy has focused on Southeast Asia as a prime location of facilities for the manufacturing of apparel, footwear, toys, and other labor-intensive exports. Why do sweatshops exist in these countries? Why are they tolerated? Why are they assailed? Are the objections justified? What should be done? University of Michigan-Ann Arbor Business School Professor Linda Lim has helped pioneer empirical research on young women factory workers in Southeast Asia. She has published extensively on this and other labor-related subjects. She has also served as a frequent consultant to the International Labor Organization, most recently on the globalization debate. She was a member of the University of Michigan's Advisory Committee on Labor Standards and Human Rights in 1999-2000.

In Southeast Asia, partial recovery from financial crisis has been accompanied by signs of the start of a local version of America's internet business boom. E-businesses and dotcom start-ups have emerged. Political and business leaders have touted the virtues of the so-called "new economy" and its potential for resolving the post-crisis malaise that still affects parts of the region. But is the e-business revolution in Southeast Asia real? Are technologies and business practices being transformed? Or is the "new economy" mainly hype and wishful thinking? Does e-business spell the death of monopolies and conglomerates at the hands of agile new entrants? Or is it popular because it provides an alternative to fundamental business restructuring? And what do the answers to these questions imply for economic recovery and political reform? Linda Lim is the associate director of the International Institute and Director of the Southeast Asia Business Program at the University of Michigan in Ann Arbor. She has written and lectured extensively on political economy, economic development, and business practices in Southeast Asia, where she recently completed preliminary field research on the appearance and growth of electronic business.

Separatism and terrorism, demonstrations and scandals, elite conflict and economic malaise ... With so much trouble on its hands, why should the Indonesian government willingly open up the Pandora's box that is the legacy of violence from the Suharto regime, especially since many of his associates remain politically active? Or is the risk of focusing on the past worth takingÑto administer justice and foster a humane consensus strong enough to ensure that such abuses do not recur? These difficult questions cannot be answered without taking local conditions into account: the sense of uncertainty and stagnation that hangs over the reform process; the widespread perception that in mysterious and powerful ways Suharto is still controlling events; and the apparent inability of Indonesian society to transform its recent history into a set of lessons that could generate momentum toward a better future. Mary S. Zurbuchen was based until recently in Jakarta, as the Ford Foundation's chief representative for Southeast Asia (1992-96) and Indonesia (1996-2000). She is the academic coordinator of the Center for Southeast Asian Studies at UCLA, where she is teaching a course on Indonesia while continuing her research on the intersection of history and memory in that country. Her many publications on cultural and social change in Indonesia include The Language of Balinese Shadow Theater (1987).

Dennis Harter is a career member of the Senior Foreign Service and a Foreign Service Officer (since 1966) specializing in Asian Affairs. From 1968-1970, he served as a district senior advisor in the Mekong Delta, then as deputy director for Vietnam, Laos, and Cambodia Affairs in the late 1970s. He has served as director of Burma, Cambodia, Laos, Thailand, and Vietnam Affairs during the period of normalization of relations with Vietnam, and as deputy chief of Mission (Deputy Ambassador) from August 1997 to the present. He also served in Hong Kong twice; in Taiwan and Indonesia, and was Consul General in Guangzhou, People's Republic of China from 1989-1993.

The prevailing view in international relations that security alliances are inevitably sustained by mutually perceived threats can be challenged in the present post-Cold War context. It will be argued in this presentation that 'alliance mutuality' can better explain ongoing U.S. security ties with Australia, the Philippines, Singapore and Thailand than traditional explanations for alliance politics. Dr. William T. Tow has been teaching with the University of Queensland's Department of Government since 1991. He was previously an Assistant Professor with the University of Southern California's School of International Relations. He has authored or edited ten books and numerous working papers, journal articles and book chapters on East Asian security problems and is completing a book on this issue as it relates to the 'realist/liberal' debate in international relations. He is a member of the Australian Foreign Minister's Foreign Affairs Council, the Australian Members Board of the Council for Security Cooperation in the Asia-Pacific (CSCAP), and the International Institute for Strategic Studies (IISS). In 1995, he co-authored a major study on US security policies in Asia for the IISS and he has consulted for several government agencies in both the United States and Australia. He is a dual Australian/US citizen.