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.

Organizational discontinuity appears to be an important contributor to venture success in rapidly changing technological environments. Most Silicon Valley ventures are assemblies of human, technological, and financial resources, and supplier/client relationships with disparate organizational heritage. We analyze ways in which organizational discontinuity, under conditions of high technological uncertainty, contributes to new ventures' competitive advantage and exposes difficulties inherent to simulating venturing within an existing industrial organization. We use a comparative framework to expose the relative abundance of organizational discontinuity in the U.S. high technology sector and identify institutional barriers that stifle it in its Japanese counterpart. Professor Cole is Loraine Tyson Mitchell II Professor of Leadership and Communication at the Haas School of Business. He holds a joint appointment with the Department of Sociology. He is the co-director of the Management of Technology Program, a joint venture between the Haas School of Business and the College of Engineering. Professor Cole is a long-term student of things Japanese, having published three books and numerous articles on Japan. Most recently, he published the book, Managing Quality Fads, in 1999 with Oxford University Press, a study of how American industry learned quality improvement practices from the Japanese. This year, he published (with Sage Publications) The Quality Movement and the Organizational Theory, a book co-edited with Richard Scott of Stanford University.

Walter W. Powell is Professor of Education and affiliated Professor of Sociology at Stanford University. where he is Director of the Scandinavian Consortium on Organizational Research, and Co-PI, with Nathan Rosenberg, of the KNEXUS Program on the Knowledge Economy.

Professor Powell works in the areas of organization theory and economic sociology. Author of many books and articles, heis most widely known for his contributions to institutional analysis, including a forthcoming edited book, How Institutions Change.

Powell is currently engaged in research on the origins and development of the commercial field of the life sciences. With his collaborator Ken Koput, he has authored a series of papers on the evolving network structure of the biotechnology industry.This line of work continues his interests in networks as a form of governance of economic exchange, first developed in his 1990 article, "Neither Market Nor Hierarchy: Network Forms of Organization," which won the American Sociological Association's Max Weber Prize and has been translated into German and Italian. Powell and Koput and their research collaborators have developed a longitudinal data base that tracks the development of biotechnology worldwide from the 1980s to the present. With Jason Owen-Smith, Powell is studying the role of universities in transferring basic science into commercial development by science-based companies,and the consequences for universities of their growing involvement in commercial enterprises.

Hailed by the New York Times as one of China's most influential intellectuals, Liu Junning is the founder and editor of the Journal Res Publica. Formerly a Fellow at the Institute of Political Science at the Chinese Academy of Social Sciences, Liu is responsible for the Chinese translation of numerous works on democracy and classic liberal thought. In 1999 his collected essays were published as Republic, Democracy, Constitutionalism. He holds a doctorate in political theory from Beijing University.

In the space of ten short years, Germany and Japan have gone from paragons of economic success to models of political paralysis. In both countries, reformers call for a decisive move toward the liberal market model, yet find themselves frustrated with their governments' inability to act. This deadlock reflects the normal operation of German and Japanese democracy, and not its failure, for Germany and Japan are fundamentally divided over the merits of the proposed liberal reforms. As a result, Germany and Japan proceed with reforms slowly and cautiously, they package delicate compromises, and they design reforms to preserve the core institutions of their respective economic models as much as possible. Steven K. Vogel is Associate Professor of Political Science at UC Berkeley. He specializes in the political economy of the advanced industrialized nations, especially Japan. His book, Freer Markets, More Rules: Regulatory Reform in Advanced Industrial Countries (Cornell University Press, 1996), won the 1998 Masayoshi Ohira Memorial Prize. He has written extensively on Japanese politics, industrial policy, trade and defense policy. He has taught previously at the University of California, Irvine and Harvard University. He has a B.A. from Princeton University and a Ph.D. in Political Science from UC Berkeley.

Qian investigates decentralization and fiscal incentives in the central-provincial relationship during China's reform. He finds a strong correlation between local government revenue collection and local government expenditure and shows that the fiscal contracting system provides local governments with strong fiscal incentives. He also finds that stronger fiscal incentives in terms of higher marginal revenue retention rate implies faster development of non-state enterprises and more reform in state-owned enterprises. Federalism, Chinese style, is compared to federalism, Russian style. Born in Beijing, Yingyi Qian received his B.S. in applied mathematics from Tsinghua University, Beijing; his M.A. in statistics from Columbia University; his M.Phil. in management science from Yale University; and a Ph.D. in economics from Harvard University. Professor Qian's fields of research include the theory of organizations, comparative institutional analysis, economics of transition, and reform and development in China. He is the author and co-author of many papers, including "Federalism and the Soft Budget Constraints," "Understanding China's Township-Village Enterprises," "Financial System Reform in China: Lessons from Japan's Main-Bank System," and "Enterprise Reform in China: Agency Problems and Political Control."

Southeast Asia has been buffeted by several shocks and momentous events over the last two years, in particular the economic recession which started in July 1997; the return of Hong Kong to China; and political instability, particularly in Indonesia.

Increasingly, large, extended urban regions compete with each other in the Region and in the global economy. Furthermore, as a result of strong driving forces, including free trade, convergence in tax structures, and the "death of distance", Southeast Asian urban regions are less protected and influenced by nation states, and are thus highly vulnerable to unpredictable consequences of strong forces associated with globalization and co-evolving domestic change.

Dr. Webster will assess events of the last few years in terms of the dramatic re-positioning that has occurred among major urban regions in Southeast Asia - identifying winners and losers. His assessment will be based on consideration of both competitiveness and resilience - the two primary objectives, perhaps non-reconcilable, of most Southeast Asian urban regions.

Dr. Webster is currently a visiting scholar at the Asia/Pacific Research Center. He has been Senior Urban Advisor to the National Planning Board, Prime Minister's Office, Thailand for the last five years. He is involved in formulation of strategies and policies related to urbanization in the context of rapid socio-economic change in Thailand. He is also full time advisor to the World Bank's Asia and Pacific Urban Unit. At the global level, he is involved in formulation of the World Bank's Global Urban Strategy, and the World Development Report 2000 which will focus on urbanization and decentralization.

Dr. Webster was formerly Director of the Urban Planning Program at the University of Calgary and Professor of Planning at the Asian Institute of Technology. He has advised a wide variety of governments, cities, corporations, and development agencies on urban policies and programming, particularly in Southeast Asia, over the last 25 years. He is the author of many academic and professional publications on urbanization and urban issues in Southeast Asia.

The Internet has penetrated China at an unprecedented rate. In 1994 2,000 Chinese computers had on-line access; by 2000 that figure had grown to 6 million, and China is now host to more than 30,000 websites. Many have lauded these developments for their potentially liberalizing effects; others have argued that the Internet merely strengthens the administrative capacity of the central government. How will the Internet transform China? Duncan Clark has been intimately involved in the Internet in China since its commercial inception in 1995. A recognized authority on the telecom sector in China, he is the founder of BDA China Limited, and serves on the Advisory Board of China's leading portal, Netease.com. He is a technology columnist for The South China Morning Post, and a frequent commentator on radio and television. He is a graduate of the London School of Economics.

After a brief description of historical legacies, Dr. Katahara looks at changes and continuities in the patterns and contents of civil-military relations through an exploration of the jurisdictional boundaries in the two areas: the structure of political domination; and national security policy making. This study is part of East-West Center's project on the State and the Soldier in Asia, directed by Muthiah Alagappa. Dr. Eiichi Katahara teaches Japan's diplomatic history and international relations in Asia and the Pacific in the Faculty of Law at Kobe Gakuin University, Japan (1992~). He held a postdoctoral fellowship at the University of California's Institute on Global Conflict and Cooperation (1991-1992) and at the Australian National University (1989-1991), lectured in Japanese Politics in the Department of Political Science and was a research fellow in the Australia-Japan Research Center. He has published articles on topics related to Japan's security policy, and security affairs in the Asia-Pacific region. His recent publications include "Japan's Plutonium Policy: Consequences for Nonproliferation" (The Nonproliferation Review, Vol.5, No.1, 1997); "Japan's Concept of Comprehensive Security in the Post-Cold War World" (in S. Shirk & C. Twomey eds. Power and Prosperity: Economic and Security Linkages in Asia-Pacific, 1996). He has also written background chapters on Japan for Asia Pacific Security Outlook 1998 and Asia Pacific Security Outlook 1999 (forthcoming) (edited by Charles Morrison).

The talk deals with the affects of state-led industrialization on social formation in South Korea. Ha focuses on explaining why traditional primary ties have become dominant social units in spite of extensive and rapid economic changes. Going beyond a conventional abstract state-based explanation of Korean economic success, his talk traces historical origins of social conditions in the 1960s which interacted with state-initiated economic development to bring about neofamilial social units. By proposing a different framework to understand social consequences of Korean industrialization, theoretical and practical advantages will be presented through specific examples, such as the nature of civil society, middle class and bureaucracy. Prof. Ha received his Ph.D. from UC Berkeley in 1985. He has been teaching at the Department of International Relations of Seoul National University since 1986. He is currently on leave as visiting professor at the Department of Political Science of UC Berkeley. His recent research is on industrialization and tradition in late industrializing countries and the impacts of the role of strong state on society. He is preparing a book on social institutional dynamics of late industrializing countries. Some of his works include: Legitimacy and Stability under Brezhnev: A Case of Drifting Regime Type (1997, in Russian), Industrialization and Debureaucratization of Korean Bureaucracy (1996, in Korean), The Modern School System and the Reinforcement of School Ties: A Paradox of Colonial Control (1997).