Philippine President Gloria Macapagal-Arroyo recently pointed to gold mining on the island of Mindanao as a possible solution to her country's chronic financial problems. Philippines gold reserves are among the world's largest, and gold prices are near a six-year high. But the metal is no panacea; damage to the environment and battles over land rights are among the risks and impediments. The president is not the first in her country to have focused on gold. In pre-Hispanic times the metal was both a medium of exchange and a sign of status. Ferdinand Marcos' rise to power is still widely, if credulously, attributed to his discovery of a famous hoard of gold. This lecture will show how scholarly attention to precious metals, including silver, can yield a perspective on Philippine history that challenges conventional narratives. By foregrounding precious metals, the archipelago's past can be relocated--away from the peripheral position it occupies in most world histories and toward a strikingly central role in global events and trends. About the Speaker: Martin W. Lewis came to Stanford in Fall 2002 from Duke University, where he co-directed the Program in Comparative Area Studies. His first book examined the interactions of economic development, environmental degradation, and cultural change on the Philippine island of Luzon. His other publications include The Myth of Continents (1997), coauthored with Karen Wigen. He received his PhD in geography from the University of California, Berkeley in 1987.

Lunch will be served to those who respond to Okky Choi by Wednesday, April 9 by 12:00 noon. You can reach Okky at 650-724-8271 or via email at okkychoi@stanford.edu.

America has called for a multilateral solution to the recent crisis on the Korean Peninsula. As a result, Russia, China and Japan have been asked to play a more active role in contributing to a peaceful resolution. Drawing on years of experience in this region, Ambassador Armacost gives us his insights into this volatile area, including prospects for change. Most recently (1995-2002), Armacost served as president of Washington D.C.'s Brookings Institution, the nation's oldest think tank and a leader in research on politics, government, international affairs, economics, and public policy. Previously, during his twenty-four year government career, Armacost served, among other positions, as undersecretary of state for political affairs and as ambassador to Japan and the Philippines. Registration: 7:30 pm Program: 8:00 pm Students with ID - Free Members of the World Affairs Council - $5 Nonmembers - $8

Seeking to tap the huge potential of Greater China, many in Asia seek to replicate the Silicon Valley model. Yet, as much art as it is science, successful VC investing has proven to be uneven in Asia. Why? With respect to innovation, why is it that Asians have good reputations for replicating but not creating cutting edge technology? Is there a disconnect when this is compared to the experiences of U.S. high-tech icons, such as Intel and Apple, filled with Asian-born -- and in many cases educated -- scientists and businessmen? How does the Silicon Valley experience track with Singapore's determined efforts to promote creativity? What lessons, if any, are applicable to Greater China? With respect to entrepreneurship in Greater China, it is clear that Hong Kong, Taiwan and the Mainland are full of hard-driving individuals seeking to build wealth and prosperity. However, in some ways, is there perhaps an overabundance of entrepreneurship? Are there too many in this part of the world who want to be in charge and too few to follow and implement? How can a more productive form of entrepreneurship be fostered?

About the speaker
Dr. Ta-lin Hsu is chairman and founder of H&Q Asia Pacific (H&QAP), a premier private equity firm investing in Asia and the U.S. since 1985. Through ten offices in the region, H&QAP invests in a variety of high-growth sectors, including technology, biotech, financial services, media and branded consumer products. H&QAP manages sixteen funds with approximately $1.6 billion in assets invested in over 250 portfolio companies. Three of these funds comprise $1.1 billion in assets and invest on a diversified basis across the Asia Pacific region while the remaining thirteen funds are country funds.

Dr. Hsu holds numerous advisory positions with governmental and industry organizations. He was a founding member of the prestigious Technology Review Board of Taiwan, a group established to advise the Executive Yuan on all technology matters. Dr. Hsu was also a founder of the Monte Jade Science & Technology organization, the premier nonprofit organization promoting technology exchange between Taiwan and the U.S. He was also a founder and first president of the Bay Area Chapter of the Chinese Institute of Engineers, the largest Chinese-American engineering society in the U.S.

Dr. Hsu received his Ph.D. degree in electrical engineering from the University of California, Berkeley following a M.S. in electrophysics from the Polytechnic Institute of Brooklyn and a B.S. in physics from National Taiwan University. He was a staff scientist at Allied Chemical for two years before joining IBM Research Laboratories in 1973. Dr. Hsu worked at IBM for twelve years, reaching the position of senior manager in the research division -- with corporate responsibility for advanced research and development of mass storage systems and technology -- before joining Hambrecht & Quist as a general partner in 1985.

Dr. Hsu is an Advisory Board Member of the the University of California, Berkeley, Haas School of Business, a member of the Council on Foreign Relations, and a member of the Board of Trustees of the Asia Foundation.

C. Richard D'Amato is the vice chairman of the U.S.-China Security Review Commission, a commission established by Congress to review the national security implications of U.S. trade relations with China. Formerly a delegate to the General Assembly of the State of Maryland, he is the president of a consulting firm that represents American corporations on strategic planning and international trade matters. He is also a retired captain in the United States Navy Reserve, a position that brought him a variety of assignments, including attache duty at the U.S. embassy in Beijing, China, on proliferation issues and military-to-military initiatives in March 1997; service in the Battle Group Command Staff of the USS Eisenhower in the Red Sea during Operation Desert Shield; serving as an operations officer directing air drops into Bosnia and Sarajevo; and service on the planning staff of the newly created Asia-Pacific Center, which is a conference and study center under the commander of U.S. Forces for the Pacific, in Honolulu, Hawaii. Recently, Mr. D'Amato served as a member of the U.S. Trade Deficit Review Commission, a congressionally created commission charged with studying the nature, causes and consequences of the United States merchandise trade and current account deficits.

For ten years, beginning in 1988, Mr. D'Amato was the Democratic counsel for the Committee on Appropriations of the United States Senate. He was responsible for coordinating and managing the annual appropriations bills and other legislation on policy and funding of U.S. international operations and programs, including trade and defense and the full range of foreign activities of the U.S. government.

Mr. D'Amato has also served as senior foreign policy counsel for Senator Robert C. Byrd. In this capacity, Mr. D'Amato drafted the resolution that set Senate standards for international global climate change treaty negotiations. He also worked on a wide array of issues affecting U.S. international economic and political interests, including U.S.-Japan auto trade talks; World Trade Organization review legislation; U.S. involvement and funding of operations in Bosnia, Somalia, and Rwanda; and burden-sharing agreements during the Gulf War. Between 1980 and 1987, Mr. D'Amato served as the policy director for the Majority Leader, Senator Robert C. Byrd, for political, economic, and security policies. In this position, Mr. D'Amato supervised all work on a number of important legislative initiatives, including the 1988 Omnibus Trade Bill and the "Super 301" provision. Mr. D'Amato also wrote key legislation dealing with U.S.-Japan economic relations. During his career on Capitol Hill, Mr. D'Amato also served as the co-director of the Senate Arms Control Observer Group.

Mr. D'Amato began his career first as the legislative director for Congressman James Jeffords (R-VT) between 1975 and 1978, and beginning in 1978, as the legislative assistant and then chief of staff for Senator Abraham Ribicoff (D-CT) until 1980.

Mr. D'Amato has been very active in other aspects of public service, including an appointment as an assistant professor of government for the United States Naval Academy between 1968 and 1971, during which he was assistant varsity basketball coach and the sailing coach. He was responsible for the creation of an annual scholarship with the YWCA for college bound African American women and was the chairman of a local charitable hunger relief action organization in 1996, 1997, and 1998, which was a part of the nationwide "Share Our Strength" organization, the most successful hunger relief effort in the United States. In addition, he is active in the boating community in Annapolis, where he and his wife, Dorothy, have lived for thirty years.

Mr. D'Amato received his B.A. from Cornell University in 1964, graduating cum laude in government. He serves now on the Board of Trustees' Council for Cornell University. Mr. D'Amato received his M.A. and M.A.L.D. from the Fletcher School of Law and Diplomacy in Boston in 1967, and received his J.D. from Georgetown University Law Center in 1980.

This seminar is part 5 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

With China's fast growth pace, the build-up of its communication network is one important factor to ensure continuous growth. However, with the gloomy economy in the rest of the world, China's service providers are adjusting their investment strategy. Understanding the dynamics in the Greater China region will help capture market opportunity.

Mr. Gwong-Yih Lee is a distinguished entrepreneur, leader, and visionary in the emerging telecom market. Currently, he serves as a senior director of Global Solutions at Cisco Systems. Prior to Cisco, Mr. Lee was founder and chairman/CEO of TransMedia Communications, Inc. Acquired by Cisco in 1999 at the value of approximately $500 million, TransMedia builds products that capitalize on the opportunities created by the convergence of data, voice, and video. In 1999, TransMedia was selected as "Best of Breed" startup by the industry's top venture capitalists.

In May 1987, Mr. Lee founded Digicom Systems, Inc., a company devoted to high-speed modern communications applications in both software algorithms and hardware. Digicom has developed, manufactured, marketed, and supported a full continuing line of high speed communications products and was acquired by Creative Technology, Ltd. In 1994, prior to Mr. Lee's founding Digicom Systems, he held positions as a senior engineering manager with Silicon Valley firms including Anderson Jacobson, Racal-Datacom, and Cermetek Microelectronics.

Mr. Lee received a bachelor's degree from National Chiao-Tung University in Taiwan and a master's degree in electrical engineering from New York State University.

Japanese themselves describe the habitat for entrepreneurship in Japan as a "wasteland", a "desert." It has been decades since the world has seen the growth of Japanese corporate giants from start-up seeds. Where are the Microsofts, Oracles, SUNs, Ciscos, E-Bays? The Japanese entrepreneurial "habitat" is dysfunctional in many ways--cultural, social, personal, educational, governmental. Fixing the "habitat" is not easy because it is so multidimensional and requires coordinated industrial and governmental policies and much cultural change. What is needed now is one (or a few) experiments in "habitat" design to demonstrate that successful "habitats" can be established in Japan. In a recent book (published in Japanese), Brunner and I proposed that Special Entrepreneurial Zones (SEZs) be established. We gave some rather specific recommendations for "habitat" design (i.e. the rules of the SEZ). The timing of our SEZ proposal is fortunate because the Japanese government and Diet are now earnestly considering the establishment of special economic zones, so there is some hope for an SEZ that will (experimentally, at least) make the "desert" bloom.

In the past few years, the semiconductor industry has been transformed to be application-driven and consumer electronics-oriented. During this change, several things have happened with the following features; 1.) Market is shifting to Asia Pacific regions, 2.) Consolidation and partnership are becoming necessary, and 3.) Cost reduction and risk sharing are of prime importance. The semiconductor market occupancy in China roots not only on its vast domestic consumption, but also on its development in hardware manufacturing of products of electronics with advancements in cost reduction and quality improvements. This will constantly stimulate the primary semiconductor chips to meet their demands. This presentation elaborates the evolution of the ongoing semiconductor industry and specifically, its opportunity in China.

This seminar is part 2 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

From a venture capital investor's perspective, what are the key opportunities and challenges of doing business in China in the current environment? Why? How is China's emerging private equity investment industry? What are the major differences between "home-grown" Chinese private equity firms and foreign capital firms? Bobby Chao will address these questions, based on personal experience gained over the past twenty years.

Bobby Chao began his career as one of the five original founders of Cadence Design Systems. A year after Cadence's successful IPO, Bobby founded Ocron, a leader in Optical Character Recognition (OCR) technology and document management software. Bobby was chairman and CEO of Ocron until Umax Technologies, Inc. acquired it. He then became part of the Umax team serving as senior vice president of marketing in charge of corporate marketing and investment. Bobby was previously general partner for Technology Associates Management Company and has served as chairman and CEO of VA Linux Systems.

Mr. Chao currently serves as chairman of Dragon Venture Inc., a cross-pacific venture capital, consulting, and M&A company, bridging the U.S. and Greater China markets. Portfolio companies focus on telecommunications, Internet infrastructure, Linux, fables IC designs, and EDA. Mr. Chao is currently on the board of several companies and professional organizations.

Mr. Chao holds a B.S. in physics from Taiwan, an M.S. in physics from Georgia State University, and an M.S. in aeronautical engineering from Stanford University.

Elections in Thailand in January 2001 yielded a remarkable near-majority for the Thai Rak Thai ("Thai Love Thai") Party of computer and telecommunications billionaire Thaksin Shinawatra, who became prime minister despite serious legal charges of tax evasion. Although the Constitutional Court acquitted him (by a close 8-to-7 vote), his tenure in office has given rise to widespread impressions of populism on the one hand and corruption on the other.

In her talk, Dr. Phongpaichit will explore the background and implications of Thaksin's rise to power and his ongoing use of it. Pasuk Phongpaichit is Thailand's best known and most widely read economist. Books authored or coauthored by her include Corruption and Democracy in Thailand; Thailand: Economy and Politics; Thailand's Crisis; Thailand's Boom and Bust; The Thai Village Economy in the Past; Employment, Income and the Mobilization of Local Resources in Three Thai Villages; Challenging Social Exclusion: Rights and Livelihood in Thailand; Guns, Girls, Gambling, Ganja: Thailand's Illegal Economy and Public Policy; and From Peasant Girls to Bangkok Masseuses.

Her current research is on "The Structure and Dynamics of Capital in Post-Crisis Thailand." In fall 2002 she was a visiting professor at the School of Advanced International Studies in Washington, DC. She received her Ph.D. in economics from Cambridge University.