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.

When Taiwan's government launched Hsinchu Science-based Industrial Park Project in 1979, the objectives were three fold: to revitalize the country's economic growth, to establish its indigenous high-tech base, and to slow down the (then) serious brain drain problem. After extensive consultations, study tours, and careful evaluation, a strategy was adopted to emulate Silicon Valley. The key ingredients of the strategy were to establish favorable investment and living environments for high tech entrepreneurs, to lure back some expatriate brain power, and to train more science and engineering graduates. The initial plan involved a 10-year, $500 million government fund to develop a nearly 600 hectare science park in Hsinchu, where two prestigious universities and a government funded research institution already were located. The Taiwanese government established a Hsinchu Science-based Industrial Park Administration in 1979 to execute this plan. What has happened during the past 20 years? The current status of the Hsinchu Park will be presented to substantiate the original plan and strategy. Dr. Irving T. Ho currently serves as Chairman of the Board of EiC Corp. His distinguished career includes serving as the first Director General of the Hsinchu Science-Based Industrial Park, President and CEO of International Integrated System, Inc., Vice Chairman of Taiwan's National Science Council, and senior manager and award winning researcher at IBM's East Fishkill Laboratory. Holder of 34 US patents, Dr. Ho received his M.S. and Ph.D. degrees in Electrical Engineering from Stanford University.

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 role of location is gaining attention as a contributor to firm and industry competitiveness. A number of researchers have linked innovation and productivity to the geographic clustering of firms. While a variety of industry clusters in the United States and abroad have been studied, seldom have they been considered within the context of global competition. Global competition complicates the location decision. Drawing on extensive evidence from the hard disk drive industry, including information on the complete population of firms since the industry's inception, this presentation offers a framework for understanding the dynamics of industry location in international competition. David McKendrick is Research Director of the Information Storage Industry Center at the University of California, San Diego. His current research focuses on the role of location in competitive advantage, the effects of geographic dispersion on innovation and learning in multinational corporations, and the evolution of international competition. Prior to joining UCSD, he taught in the business schools at the University of California, Berkeley, and the University of Texas at Dallas. He received his Ph.D. in business from the University of California, Berkeley.

There are several technology parks in India funded by both the state and the private sector. They have been widely criticized for offering either a poor habitat for technology development or for being too expensive. Mr. Vaghul heads India's largest development bank, ICICI. ICICI has newly promoted Knowledge Park in Hyderabad to uniquely focus on business R & D. Mr. Vaghul will explain the rationale for and development of Knowledge Park in the context of India's technology development. Narayanan Vaghul, a distinguished financier and currently a visiting professor at the Leonard N. Stern School of Business at New York University, is chairman of ICICI Limited. Mr. Vaghul has had a long, distinguished career as a banker. After qualifying as a B.Com. and Chartered Associate of the Indian Institute of Bankers, he started his career in 1957 with the State Bank of India. In 1974 he left SBI (as Chief Officer, personnel) to join the National Institute of Bank Management where he soon rose to the Chief Executive position of Director. Thereafter, he worked with two of the largest Indian commercial banks, Central Bank of India as Executive Director (1978-1981) and Bank of India as Chairman & Managing Director (1981-1984). From 1985 to date Mr. Vaghul has been Chairman of ICICI Limited. Mr. Vaghul's pioneering vision and stellar contribution to Indian industry was acknowledged when Business India, a leading Indian business magazine, selected him as Businessman of the Year (1992).

This is a time of tremendous opportunity, but to remain competitive every business is finding it necessary to be much more entrepreneurial. At SRI International, this has resulted in a new model for research and development with a focus on creating and delivering high-value solutions to the marketplace. For example, SRI spins off three to five new high-technology companies each year. This talk will review key elements of our model and the entrepreneurial process needed to successfully form high-technology companies within a relatively large R & D organization. The issues and challenges of our model will be discussed and compared against the global trends we observe. Curtis R. Carlson became President and Chief Executive Officer of SRI International in December 1998 after 25 years with Sarnoff Corporation, an SRI wholly owned subsidiary. Carlson joined RCA's Sarnoff Laboratory in 1973. He was named head of the Image Quality and Perception Research Group in 1981, Director of Sarnoff's Information Systems Research Laboratory in 1984 and Vice President of the laboratory in 1990. In 1995, Carlson became Executive Vice President of Sarnoff's Interactive Systems Division. Carlson has published or presented more than 50 technical publications and holds more than 15 U.S. patents in the fields of image quality, image coding and computer vision. While at RCA's Sarnoff Laboratories, he was the recipient of two RCA Outstanding Achievement Awards. Carlson received his B.S. in Physics from Worchester Polytechnic Institute and M.S. and Ph.D. degrees from Rutgers University. He is a member of the Institute of Electrical and Electronics Engineers (IEEE), Sigma XI, Tau Beta Pi and the Society of Motion Picture and Television Engineers.

The fact that software companies can be started with little more than a few programmers and their PCs has generated great interest in countries around the world looking for ways to get into the high-tech boom as part of their economic development strategy. Avron Barr and Shirley Tessler have been studying the Korean software industry in the context of their ongoing research on the worldwide software industry, looking for strategies that might help Korea develop her competitive strengths. They have looked at all aspects of the industry: software education, financial institutions and new business creation, habitat for startup companies, the domestic market, and global niche strategies. A summary of their findings and some possible recommendations will be discussed. Since 1994, Avron Barr and Shirley Tessler have been conducting SCIP's study of the worldwide software industry with Professor William F. Miller. They are also the principals of Aldo Ventures, Inc., a strategy consulting firm for software organizations. Avron studied Computer Science at Stanford, edited the four-volume Handbook of Artificial Intelligence, co-founded a Silicon Valley software start-up in 1981, and served as Marketing Director for a software publisher. Shirley also studied Computer Science at Stanford, and has an MBA from Wharton. She spent 16 years in corporate finance and M&A before joining Aldo Ventures in 1991. Together they have consulted with dozens of software companies and IT shops on the commercial application of advanced software technology and on the software industry.