The financial crisis of July 1997 in Asia was the cause of the fall of several large Japanese banks and securities in November 1997. Stabilizing policies for the financial sector introduced by Prime Minister Hashimoto were insufficient. Under the Obuchi administration two new monetary policies were introduced and a new committee was established to implement these policies instead of the Ministry of Finance. In October of 1998, Hakuo Yanagisawa became responsible for financial reform and was named the head of the committee for financial restructuring in December, 1998. Hakuo Yanagisawa made world headlines as a bold architect of financial reform in Japan by forcing mergers, closing banks, and pushing for strict new regulations during his tenure as Financial Reconstruction Minister in Prime Minister Obuchi's cabinet. Determined to make Japan's financial system more dynamic and efficient, his sweeping actions took many by surprise. But what are the results of his efforts? In his address, Yanagisawa will discuss the prospects for further economic and financial change in Japan and its impact internationally. Yanagisawa was Chairman of the Financial Reconstruction Commission of the Japanese Diet from December 1998 through October 1999. Prior to that he held several key policy-related posts including Director General of the National Land Agency since his election to the House of Representatives in 1980. He has also served with the Ministry of Finance and holds a law degree from the University of Tokyo.

Between four and five thousand years ago, elephants were found in China as far north as the location of present-day Beijing. Today, wild elephants are confined to a few protected enclaves along the southwest border. To some degree, this retreat was due to a long-term decrease in the mean annual temperature, but the most important cause was the destruction of habitat by Chinese-style agricultural development. Mark Elvin uses the pattern of retreat of the elephants as a means of defining to a first degree of approximation the complementary pattern of the spread of forest clearance for farming in China across space and time, and to discuss the economic and other causes for the historical deforestation. Mark Elvin is Research Professor of Chinese History at the Research School of Pacific and Asian Studies, ANU, and Emeritus Fellow of St. Anthony's College, Oxford. He is author of The Pattern of the Chinese Past (1973), Another History: Essays on China from a European Perspective (1996), and Changing Stories in the Chinese World (1997, among other works. Elvin was educated at Cambridge University and Harvard.

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.

Prior to joining RAND in 1989, Dr. Swaine was a consultant in the business sector, a Postdoctoral Fellow at the Center for Chinese Studies, University of California, Berkeley, and a research associate at Harvard University. Dr. Swaine holds a Ph.D. and Masters in Political Science from Harvard University and a Bachelor's degree from George Washington University. He specializes in Chinese domestic politics and foreign policy, U.S.-China relations, and East Asian international relations.

Pieter P. Bottelier recently completed a 28-year tenure at the World Bank. He served in various senior managerial and advisory capacities for programs in Asia, Africa and Latin America. His most recent positions were, until December l998, Senior Advisor to the Vice President, East Asia and Pacific Region, and Chief of the World Bank's Resident Mission in Beijing (1993-97). He now teaches at the School for Advanced International Studies (SAIS) of Johns Hopkins University, and is associated with the Center for Strategic International Studies in Washington DC. He is the author of many articles on China. He studied economics and banking at the University of Amsterdam and at the Massachusetts Institute of Technology.

The Honorable Wang Yunxiang has an extraordinary perspective on Chinese economic issues. His seminar will mainly concern the influence on China's economy and social development after China joins the WTO and will address key questions:

• How will America benefit from China joining the WTO? and
  
• What influences will be brought to the world's economy through China joining the WTO?
  

The Honorable Wang Yunxiang has had a distinguished diplomatic career. Since 1972 he served as Attache of the Chinese Embassy in the Republic of Malta(1972-1978), the first Secretary, Counselor of the Chinese Embassy in Uganda (1984-1988), and the Counselor of the Chinese Embassy in the Kingdom of Norway. Thereafter, he served as the Deputy Director General of the Information Department, Ministry of Foreign Affairs (1991-1996). In 1996, he was appointed as the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Republic of Zambia. The Honorable Wang Yunxiang has served as Consul General of the People's Republic of China in San Francisco since 1999.

Silicon Valley has become a melting pot of talent, opportunity, and capital from not only the United States but around the world. This seminar will focus on how Korean entrepreneurs can incorporate and manage high-tech ventures successfully in Silicon Valley by overcoming critical barriers--managerial, technical, and cultural. Based on in-depth case studies of Korean start-ups in Silicon Valley, this presentation identifies problems faced by entrepreneurs along the stages of venture development. It also suggests to Korean entrepreneurs a process to overcome barriers through support from partners and advisory experts in Silicon Valley and Korea. More specifically, this seminar will discuss the experiences of Korean start-ups in Silicon Valley in writing business plans, raising funds, hiring and motivating employees, and addressing cultural issues. In addition, some lessons and guidelines for foreign entrepreneurs in surmounting the obstacles for the successful incorporation and growth will be discussed, such as the importance of forming the founding team with complementary assets and the legal form of the entity.

Dr. Zong-Tae Bae is an Associate Professor at the Graduate School of Management, Korea Advanced Institute of Science and Technology (KAIST), Seoul, Korea. He is currently on sabbatical from KAIST and working as a Visiting Scholar of the Graduate School of Business (GSB) and the Asia/Pacific Research Center (Shorenstein APARC) at Stanford University. His research interests include various aspects of technology management and entrepreneurship. Currently he is conducting a research project on a global model of new venture development. He has published 10 articles in international journals such as R&D Management and Journal of Production Innovation Management. He received a B.S. in Industrial Engineering from Seoul National University in 1982, and a M.S. and Ph.D. in Management Science from KAIST in 1984 and 1987, respectively.

Please feel free to bring a bag lunch.

Please feel free to bring a bag lunch.