As Secretary of the Technology, Trade, and Commerce Agency, Lon Hatamiya advises the governor and the legislature on all matters related to international business, serving as the voice of California's private sector in the State Cabinet. Appointed by Governor Gray Davis in 1999 and confirmed unanimously by the State Senate, Secretary Hatamiya is the first Asian-American to hold a cabinet-level position in California history. As the state's primary promoter of economic development, he directs numerous programs stimulating economic activity for international trade and investment, and under his leadership the Agency added the Division of Science, Technology, and Innovation, focusing on R&D and the commercialization of new technologies. Prior to his appointment as secretary, Mr. Hatamiya served as administrator for the Foreign Agricultural Service in the United States Department of Agriculture (USDA). He holds a degree in economics from Harvard University, and JD and MBA degrees from the University of California, Los Angeles.

This talk will discuss Wipro's growth to become one of India's top three software service providers and its readiness for the future. To achieve its current position, a key strategy was to develop human capital by providing an entrepreneurial working environment and undertaking a higher level of complexity of work than available with competitors, supplemented by an internal degree program. How will this strategy help the firm in the emerging environment characterized by a slowdown in traditional businesses, strategic shifts towards high-end work and the growth of untraditional, IT-linked businesses (such as business process outsourcing)?

This presentation analyzes the factors influencing South Asian entrepreneurial expansion in the UK and the validity of conventional wisdom, which attributes South Asian business success to cultural factors. It suggests that entrepreneurial growth depends on human capital factors like education and prior experience, the investment of personal savings at start-up and breaking away from a management strategy bound by immigrant culture. At the same time, strengthening links with one's country of origin has a positive impact on growth. The findings have implications for aspiring entrepreneurs and for policy makers and agencies that aim to encourage the growth of South Asian and more generally, immigrant ethnic minority entrepreneurship. Dr. Basu has a background in economics, international finance and management. She holds a doctorate in economics from the University of Cambridge. Dr. Basu's research interests include migration and ethnic entrepreneurship, small firm growth, decision-making and economic adjustment of enterprises. Her current research interests focus on immigrant entrepreneurship and the role of the family in immigrant business development. She has published papers in several leading international refereed journals.

12:00 p.m. Katsuyuki Tsukada, Nihon Unisys Company (JR) "Development of the New Business Model of Digital Contents Trade" 12:20 p.m. Tetsu Fukuoka, Sumitomo Corporation of America (HR) "Current Activity of Venture Capitals in Silicon Valley" 12:40 p.m. Takayuki Niikura, Ministry of Economy, Trade and Industry (RH) "Japan and Regional Choices" 1:00 p.m. Kotaro Inuzuka, Toyobo Company, Ltd. (FC) "Application of Smart Structure Technologies at TOYOBO" 1:20 p.m. Takeshi Myoi, Tokyo Electric Power Company (RD) "Strategies and Management of R&D at Tokyo Electric Power Company" 1:40 p.m. Takihiko Ashiya, Kansai Electric Power Company (RH) "Proposal of Strategic Viewpoints in Diversification Based on Analysis of Failures in the U.S. Telecommunication Industry"

12:00 p.m. Akira Kobayashi, Japan Patent Office (DO) "How to Handle Patents in Venture Companies" 12:20 p.m. Joseph Huang, AllCan Investment Company (MH) "Venture Capitals and Entrepreneurship in the Silicon Valley and the Greater China Region" 12:40 p.m. Seishi Nakatani, Shiraimatsu Pharmaceutical (DO) "Evaluation of the IT Industry Potential" 1:00 p.m. Tetsuo Fujita, Japan Research Institute (GS) "The Role of Information Technology on the Economic Development of Japan" 1:20 p.m. Makoto Kawashima, Ministry of Finance (DO) "Recent Changes to the Banking Business Model and the U.S. Response" 1:40 p.m. Eui Yong Chung, Samsung Company (GS) "Collaboration Between the U.S. and Korea in the Semi-Conductor Industry"

Although China's software industry has grown substantially over the past decade, it could have grown even more had it not been for several obstacles, the most important being rampant violations of the copyrights of software developers. In response to this situation, software companies and associations, domestic and foreign, have lobbied the Chinese government to adopt policies to help the industry. While they have had some lobbying success, in part thanks to both companies and relatively vibrant associations, the industry still faces large hurdles, and a basic dilemma: if it is to fully grow, the industry needs the government to adopt (and implement) more favorable policies, but the government for the moment is likely to be more influenced to adopt policies favored by competing interests that are economically and politically more powerful than the software industry. Scott Kennedy is an assistant professor in the Department of East Asian Languages and Cultures and an adjunct assistant professor in the Department of Political Science at Indiana University. He received his Ph.D in political science from George Washington University in 2002. His dissertation, "In the Company of Markets: The Transformation of China's Political Economy", examines the growth in business influence on the policy making process in China. He recently finished editing a book, "China Cross Talk: The American Debate over China Policy since Normalization, A Reader" which is an anthology of op-eds, congressional testimony, speeches and editorial cartoons that present the most memorable scenes from the debate of the past quarter century. Kennedy has published articles in numerous popular and academic periodicals, including The China Quarterly, Problems of Post-Communism, Asian Wall Street Journal, and the China Business Review. From 1993 to 1997, Kennedy was a research assistant at the Brookings Institution in Washington, DC. He received his M.A. in international relations from Johns Hopkins University's Paul H. Nitze School of Advanced International Studies in 1992 and his B.A. in foreign affairs from University of Virginia in 1989. He has lived in China off and on for four years since the late 1980s, and has traveled throughout East Asia.

The success of India's export-oriented software industry is well known. Whether information technology (IT) can contribute to development beyond the obvious income effects generated by software exports depends on how pervasive are IT's impacts on the economy, ranging from improving the efficiency of existing businesses, to enabling new kinds of goods and services. In a developing country such as India, it is of particular interest whether such benefits can reach the poor, and even help in directly reducing the deprivations associated with poverty. Professor Singh's talk and paper will examine two ongoing experiments that aim to provide IT-based services to rural populations in India. Several features distinguish these experiments from others: a combination of public and private efforts, with "nonprofit" organizations acting as catalysts; goals of commercial sustainability, both for the local entrepreneurs and the nonprofits; and an eclectic approach to the services that are sought to be provided. The paper's main contribution is to draw some preliminary lessons from comparing two different approaches in localities that are geographically close and economically similar. While the ultimate goals of the two organizations studied are quite similar, he identifies some important differences in implementation that may have more general implications for the success of such experiments. Nirvikar Singh is currently Director of the Business Management Economics Program at the University of California, Santa Cruz, where he is Professor of Economics. He teaches courses on business strategy, technology and innovation, and electronic commerce, as well as graduate microeconomic theory. He has consulted for the World Bank and for high-tech start-ups in Silicon Valley. Professor Singh's current research topics are electronic commerce, business strategy, technology and innovation, governance and economic reform in India, federalism, international water disputes, and economic growth.