Messrs. Baba and Gemba have studied how industrial products need many parts and materials. For example, an automobile consists of three million parts. Supporting Industries (SI) supply various components and materials for the manufacturing of industrial products.Previous studies suggested that SI was important for industrial linkage, trade balance and research and development. However, no one showed quantitative analysis for SI very well. Messrs. Baba and Gemba measured the level of SI by using an output-input table. As a result, they found that Korean SI has become less dependent on Japanese SI while ASEAN's SI still depends on Japanese SI. Messrs. Baba and Gemba will discuss their research findings and their conclusion that local automobile parts suppliers in Indonesia need to improve client approval functions urgently in order to survive in the industry.

Lunch will be served at this special event. Please RSVP to Neeley Main by 10am on July 5, 2001 to secure your place. In addition to his post at the Chinese University of Hong Kong, Professor Liu is Research Director of Hong Kong Centre for Economic Research, the Director of the Hong Kong and Asia-Pacific Economics Reseach Programme, and the Secretary-General of the East Asian Economic Association.

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.

Starting his career with India Today in 1992, Bahal moved to the science and environment magazine Down To Earth, followed by the Financial Express. He was part of the original team that launched Outlook magazine in 1995 and has reported on a range of subjects from environment to travel, sports and defence. He is best-known, though, for his groundbreaking investigation on match-fixing which rocked international cricket. Please RSVP to Rafael Ulate by June 6, 2001.

Bennett Freeman served as Deputy Assistant Secretary of State for Democracy, Human Rights and Labor under the Clinton Presidency. He has been involved in many official diplomatic dialogues and negotiations around the world, including settlements on Holocaust reparations, and recently, the U.S.-British initiative on the Voluntary Principles on Security and Human Rights, which aim to ensure that company security arrangements in the extractive sectors are consistent with international human rights standards. The Voluntary Principles were developed through a year-long dialogue and were welcomed by major American and British oil and mining companies as well as NGOs.