The Asia Pacific Economic Cooperation forum completed its first ten years in 1999. It is appropriate to pause and look back at its evolution over this period, and look forward to assess its future role in the multilateral world of the World Trade Organisation (WTO). This paper attempts both of these tasks from a New Zealand perspective. The factors and forces behind regionalism, its points of confluence and conflict with multilateralism, and its future role in a globalised international economy are all addressed in this paper. How the forces of regionalism are shaping up in the Asia-Pacific region, and how New Zealand - a small open economy - is linking itself into it are anlysed to put New Zealand's recent economic reforms in an international perspective. To what extent New Zealand and other countries in the Asia-Pacific area can learn and benefit from the experiences of one another is brought into sharper focus in the paper. Professor Srikanta Chatterjee is a professor of international economics at Massey University in New Zealand. A native of India, Professor Chatterjee studied economics at the Universities of Calcutta, India, and Surrey and London, England, receiving his Ph D from the London School of Economics. Besides New Zealand, Professor Chatterjee has been on the full time faculty in universities in India, U.K., Australia, Japan and Fiji. He has also been on the visiting faculty in Australia, Bangladesh, Botswana, China, Italy, India, Japan, Korea, Malaysia, Mauritius, the Netherlands, Norway, Singapore, South Africa, Swaziland and Vietnam. In 1997, Professor Chatterjee was a Japan Foundation Fellow at the Tokyo Keizai University, and, in 1998, he spent a semester at the Kyoto Ritsumeikan University as a New Zealand Asia 2000 Foundation Visiting Professor of Asia-Pacific Studies. Currently a Fulbright Travelling Fellow, Professor Chatterjee is visiting Berkeley, and attending a conference in San Diego before going on give lectures at the University of Colima in Mexico. Professor Chatterjee's teaching and research interests include international economics, international business, the Asia-Pacific economies, inequality and income distribution, and the economics of the household.

John Wilson Lewis, William Haas Professor Emeritus of Chinese Politics at Stanford University, is one the founders of the field of contemporary China studies. After receiving a doctorate from UCLA, he taught at Cornell University before coming to Stanford in 1968. He founded and directed Stanford's Center for East Asian Studies, as well as the Center for International Security and Arms Control, and the Northeast Asia-United States Forum on International Policy (now Shorenstein APARC). He currently directs the Project on Peace and Cooperation in the Asian-Pacific Region. Professor Lewis has written widely about China, Asia, and security matters. Many of his works have long been required reading for students of Chinese politics, especially his still often cited Leadership in Communist China. His edited volumes include: The City in Communist China, Party Leadership and Revolutionary Power in China, Peasant Rebellion and Communist Revolution in Asia, and Next Steps in the Creation of an Accidental Nuclear War Prevention Center. His history of the Chinese nuclear weapons program, China Builds the Bomb, written with Xue Litai, is published both in English (by Stanford University Press), and, in Chinese, by the Atomic Energy Press in Beijing. He has also co-authored Uncertain Partners: Stalin, Mao, and the Korean War and China's Strategic Seapower: The Politics of Force Modernization in the Nuclear Age. In addition to his work at Stanford, John Lewis has served on the Committee on International Security and Arms Control of the National Academy of Sciences, the Joint Committee on Contemporary China of the Social Science Research Council, and the National Committee on U.S.-China Relations. He has been a consultant to the Senate Select Committee on Intelligence, Los Alamos National Laboratory, and the Department of Defense, and is currently a consultant to Lawrence Livermore National Laboratory and the Office of Technology Assessment, U.S. Congress. He has made numerous visits to the People's Republic of China (PRC), Japan, the Democratic People's Republic of Korea, and the Soviet Union/Russian Federation.

Panelist biographies: A specialist on democracy in Asia, Africa, and Latin America, Professor Diamond was in Taiwan as an official observer of the March election. He is co-editor of Journal of Democracy. A former associate editor of the Journal of Asian Studies, Dr. Myers has taught economics at National Taiwan University in Taipei. He was an observer of the March election. Formerly the Consul-General of Taiwan in South Africa, Dr. Feng is currently the Executive Secretary for the Research and Planning Board of the Taiwanese Ministry of Foreign Affairs. Dr. Zhao is author of Across the Taiwan Strait: Mainland China, Taiwan, and the 95-96 Crisis, and Associate Professor of Politics at Colby College. He was an official election observer for the Mainland Affairs Commission of Taiwan.

Telecom reform in India has been variably paced, with false starts and imperfectly empowered regulators. The government recently changed its strategy from generating high upfront fees to revenue-sharing. The latest move in January 2000 of bifurcating the Telecom Regulatory Authority of India into separate judicial and recommendatory bodies will be analyzed by the speaker in the context of broad trends towards reform. T.H Chowdary is the Information Technology Advisor to the Government of Andhra Pradesh, in the rank of a Minister for State. He has held executive and managerial positions in Indian Government's departments of Information and Broadcasting and Telecommunications. He was Deputy Director-General in the Department of Telecommunication and the first Chairman and Managing Director of VSNL, India's Overseas Telecom Corporation. He was President of the Institution of Electronics and Telecommunications Engineers (INDIA) and UNO/ITUs Senior Expert in Guyana (1985) and Team Leader in Yemen (1990-1991). He has worked extensively for the de-monopolization and liberalization of Indian telecommunication sector. He heads the Center for Telecommunication Management and Studies (CTMS) in Hyderabad, India and is consultant to several national and international electronics and telecom companies and financial Institutions and is on the Board of Directors of a number of corporations.

Professor Gomes will discuss the role of computer-mediated communication in the construction of diasporic identities among Goans. This is part of a broader project focused on the politics of culture among Goans, examining the trends and identity expressions that relate to the re-establishment of Indian "roots"and heritage. Professor Gomes is a Malaysian-born Australian of Goan Indian descent. He teaches anthropology at La Trobe University in Melbourne, Australia. He has researched and published extensively on Malaysia's indigenous peoples (Orang Asli), focusing on demographic patterns, ecological issues, and political economy. Apart from his Goa project, he is currently writing a book, partly autobiographical, on cultural politics in Malaysia.

The Securities and Exchange Board of India (SEBI) which is the country's market regulator has recently released its draft rules on corporate governance. Mr. L.K. Singhvi will discuss the SEBI draft. The Securities and Exchange Board of India is India's primary regulator of financial markets. A member of the Indian Civil Service, Mr. Singhvi heads SEBI's Investigation, Enforcement and Surveillance Departments and its Derivative and Venture Capital Fund Departments. Prior to joining SEBI, he held positions in the Indian Revenue Service and the Income Tax Department. When India began reform in 1991, Mr.Singhvi undertook the important assignment of the Director of Enforcement of Foreign Exchange Regulations and was also a member of the committee for dilution of Foreign Exchange Regulations. Mr. Singhvi has participated both in national and international conferences especially in the area of capital market and is also an active member of the Asia Pacific Regional Committee on Enforcement.

Traditionally, an entrepreneurial spirit has not been seen as something of much value in Japan. However, the Japanese government has undertaken a variety of short-term and long-term measures to revitalize the Japanese economy through creating new business opportunities and employment. Mr. Yoda's discussion will touch on the SBIR, the Japanese version of the Bayh-Dole Act, the revision of the Bankruptcy Act, the revision of the standard for accounting as well as the revision of patent law for research institutes at national universities. To further promote the development of new enterprises and support for their growth, tax provisions, such as the "Angel Tax", have been revised and the number of incubators available for new entrepreneurs to use are also subject to increase. Through the revision of patent law, the relationship between university research institutions and private businesses in Japan will become a key factor in Japan's revitalization. Expected results from these government strategies as well as some aspects of these revisions that need to be further considered will be discussed by Mr. Yoda along with his analysis of the potential role of the Japanese government in facilitating entrepreneurial links between Japan and Silicon Valley. Mr. Yoda serves as Chief Executive Director of the Japan External Trade Organization's (JETRO) San Francisco office, where he as served since 1997 as a liaison between the Japanese and the US business communities. His primary responsibility is implementing Japanese trade promotion programs and assisting US companies looking to enter the Japanese market. Previous to his assignment at JETRO San Francisco, Mr. Yoda spent 25 years working for the Ministry of International Trade and Industry (MITI) and other governmental organizations. Mr. Yoda has also served as Commercial and Economic Councilor for the Japanese Embassy in Ottawa, Canada (1991-94). Mr. Yoda received a BA degree in Law from Kyoto University. He frequently takes part in directing JETRO's trade promotion activities as well as promoting the Japanese market to U.S. business and community leaders.

The great economist, Alfred Marshall, said of industrial districts: "The mysteries of the trade...are as it were in the air...." This seminar reports on a project that addresses the "mysteries" of the Valley (at least to many of the people who want to replicate it). Key topics to be discussed are a habitat that is unmatched in its ability to create new firms and take ideas to market rapidly, the edge provided by communities of practice, the high quality and highly mobile labor force, the various roles of government in the rise of the Valley, and how changes in technology and markets have favored it. Henry S. Rowen is Director of the Asia/Pacific Research Center at Stanford University. He is a senior fellow at the Hoover Institution and the Edward B. Rust professor emeritus at the University's Graduate School of Business. From 1989 to 1991, Rowen was the assistant secretary of defense for international security affairs in the U.S. Department of Defense. He was also chairman of the National Intelligence Council from 1981 to 1983, served as president of the RAND Corporation from 1968 to 1972 and was assistant director of the U.S. Bureau of the budget from 1965 to 1966. He recently was the editor of Behind East Asian Growth: The Political and Social Foundations of Prosperity, published by Routledge Press, 1998. At the present time, he is co-editing a book on how the Silicon Valley system of innovation and entrepreneurship works. The next phase of this project will examine high technology centers in Asia.

A pioneering Japanese-English simultaneous interpreter will entertain and enlighten you with the tales of some delightful events where humor has successfully transcended cultural barriers, or some embarrassing ones when the speakers and/or interpreters fell flat on their face. A product of the U.S. occupation of Japan and American tax-payers money later, Muramatsu has served countless international conferences and encounters by any other name, including the first nine G-7 Summit meetings of heads of state and government. (The first, in 1975, at Rambouillet, was G-6; guess who wasn't invited to the dinner.) Meticulously avoiding divulging any state secret or materials for tabloids, he has written essays, books, and given lectures on fascinating episodes that make us laugh and then think the tricks in breaking linguistic and cultural barriers. Born in Tokyo in 1930; worked first as a clerk-typist and then as an interpreter for the U.S. military in Tokyo 1946 through 1955; trained as one of the first eight Japanese simultaneous interpreters by the U.S. State Department, serving some thirty Japanese productivity study teams that toured the U.S. 1956-1960. Tried a new career as an economic researcher with the U.S.-Japan Economic Council in Washington, DC predecessor to the Japan Economic Institute of America). Went back to professional interpreting by returning to Japan in 1965, relinquishing his green card, and established Simul International, Inc., the first professional organization of, by and for interpreters in Japan. After 33 years as its president, then chairman, and also president of the Simul Academy, semi-retired into an advisory, albeit full-time, status in 1998. His clients include Pres. Reagan, Pres. Kennedy, Sen. Kennedy, Professors Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Peter Drucker,Japanese prime ministers from Tanaka to Nakasone, India's Prime Minister Rajif Gandhi, Britain's Prince Charles, Jeffrey Archer, Arthur C. Clarke, Ralph Nader, Betty Friedan, and Yasser Arafat.