Business

Conference Theme At the beginning of 1999, eleven (since 2001: twelve) EU member states abandoned their national currencies in favor of the common currency euro, which will be available as notes and coins from 2002 onwards. The conference discusses various aspects of monetary and fiscal policies resulting from the completion of the European Economic and Monetary Union (EMU) with special emphasis on its implications for the transatlantic economic relations and the global economy. Conference Speakers Fritz Breuss, Vienna University of Economics and Business Administration, breuss@fgr.wu-wien.ac.at Jakob de Haan, University of Groningen, j.de.haan@eco.rug Fabio Ghironi, Boston College, ghironi@bc.edu Gottfried Haber, University of Klagenfurt, gottfried.haber@uni-klu.ac.at Andrew Hughes Hallett, University of Strathclyde, a.hughes-hallett@strath.ac.uk Michael M. Hutchison, University of California, Santa Cruz, hutch@cats.ucsc.edu Tim Josling, Stanford University, josling@stanford.edu Markus Knell, Austrian National Bank, markus.knell@oenb.co.at Ronald McKinnon, Stanford University, mckinnon@leland.stanford.edu Reinhard Neck, University of Klagenfurt and Stanford University, rneck@stanford.edu Dominick Salvatore, Fordham University, Salvatore@fordham.edu Friedrich Schneider, University of Linz, friedrich.Schneider@jk.uni-linz.ac.at Rolf Strauch, European Central Bank, rolf.strauch@ecb.int Bas van Aarle, Catholic University of Leuven, bas.vanaarle@econ.kuleuven.ac.be

Daniel and Nancy Okimoto Conference Room

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Conferences
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For more than twenty years, labor-intensive industrialization in developing countries has generated controversy about "sweatshop" conditions in the factories of multinational companies and their regional subcontractors. In recent years, U.S. university students have vigorously opposed such factories as sites of abuse and exploitation. Others reply that such places offer their mainly young and female workers much-needed income and independence. Much of this controversy has focused on Southeast Asia as a prime location of facilities for the manufacturing of apparel, footwear, toys, and other labor-intensive exports. Why do sweatshops exist in these countries? Why are they tolerated? Why are they assailed? Are the objections justified? What should be done? University of Michigan-Ann Arbor Business School Professor Linda Lim has helped pioneer empirical research on young women factory workers in Southeast Asia. She has published extensively on this and other labor-related subjects. She has also served as a frequent consultant to the International Labor Organization, most recently on the globalization debate. She was a member of the University of Michigan's Advisory Committee on Labor Standards and Human Rights in 1999-2000.

Okimoto Conference Room Encina Hall, East Wing, Third Floor

Linda Lim Professor of Corporate Strategy and International Business Speaker University of Michigan, Ann Arbor
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In Southeast Asia, partial recovery from financial crisis has been accompanied by signs of the start of a local version of America's internet business boom. E-businesses and dotcom start-ups have emerged. Political and business leaders have touted the virtues of the so-called "new economy" and its potential for resolving the post-crisis malaise that still affects parts of the region. But is the e-business revolution in Southeast Asia real? Are technologies and business practices being transformed? Or is the "new economy" mainly hype and wishful thinking? Does e-business spell the death of monopolies and conglomerates at the hands of agile new entrants? Or is it popular because it provides an alternative to fundamental business restructuring? And what do the answers to these questions imply for economic recovery and political reform? Linda Lim is the associate director of the International Institute and Director of the Southeast Asia Business Program at the University of Michigan in Ann Arbor. She has written and lectured extensively on political economy, economic development, and business practices in Southeast Asia, where she recently completed preliminary field research on the appearance and growth of electronic business.

Okimoto Conference Room Encina Hall, East Wing, Third Floor

Linda Lim Professor of Corporate Strategy and International Business Speaker University of Michigan, Ann Arbor

The complex issues arising from child labor have been addressed in several of the most significant ways--yielding the most important lessons--in the Asia Pacific region. It is in the Asia Pacific region too, that the greatest number of child laborers live. This conference will address the complexities of child labor and review the range of key "solutions" to improve the condition of children--especially impoverished, working children--in the region. Some people claim that abusive child labor is an inevitable byproduct of agrarian and developing economies. But is this accurate? What measures will alleviate abuses and hasten the elimination of exploitation? The United States is now the largest contributor to the ILO's International Programme on the Eradication of Child Labor. At the same time, the United States and US-based business have been accused of contributing to increases in child labor, through trade practices that allegedly expand inequality, or through the strong U.S. role in promoting neo-liberal economic policies through the activities of multilateral agencies such as the World Bank and the IMF. What role can the United States play in alleviating the problem--and what role is it playing now? Are the critiques accurate? The term "child labor" conjures up images of poor young people, working in unsafe conditions, receiving inadequate wages, their health imperiled for life and their opportunity for education denied. What policies are appropriate to bring the worst practices to a swift though humane end? Much of the debate has been highly polemical, but more recently, the tone of the discussion has begun to change. It has begun to focus on the concrete measures that can be undertaken to improve the conditions under which children work, and to eliminate the abuses and exploitation to which millions of children are subjected. Participants in this roundtable will share the latest empirical findings on child labor in Asia and identify policies that are at the cutting edge in dealing with this issue.

Bechtel Conference Center, Encina Hall, Stanford University

Conferences
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Organizational discontinuity appears to be an important contributor to venture success in rapidly changing technological environments. Most Silicon Valley ventures are assemblies of human, technological, and financial resources, and supplier/client relationships with disparate organizational heritage. We analyze ways in which organizational discontinuity, under conditions of high technological uncertainty, contributes to new ventures' competitive advantage and exposes difficulties inherent to simulating venturing within an existing industrial organization. We use a comparative framework to expose the relative abundance of organizational discontinuity in the U.S. high technology sector and identify institutional barriers that stifle it in its Japanese counterpart. Professor Cole is Loraine Tyson Mitchell II Professor of Leadership and Communication at the Haas School of Business. He holds a joint appointment with the Department of Sociology. He is the co-director of the Management of Technology Program, a joint venture between the Haas School of Business and the College of Engineering. Professor Cole is a long-term student of things Japanese, having published three books and numerous articles on Japan. Most recently, he published the book, Managing Quality Fads, in 1999 with Oxford University Press, a study of how American industry learned quality improvement practices from the Japanese. This year, he published (with Sage Publications) The Quality Movement and the Organizational Theory, a book co-edited with Richard Scott of Stanford University.

Okimoto Conference Room, Encina Hall, East Wing, Third Floor

Bob Cole Loraine Tyson Mitchell II Professor of Leadership and Communication Speaker Haas School of Business, University of California, Berkeley
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Entrepreneurs and self-employed people have much higher incomes than other rural Thai residents. This raises the question: why don't more people become entrepreneurs? One possibility is that people are prevented from changing their occupations because they lack wealth or access to credit. This talk provides a preliminary exploration of this issue using new survey data from rural Thailand. Anna Paulson is an Assistant Professor of Finance at the Kellogg Graduate School of Management at Northwestern University. She is currently a National Fellow at the Hoover Institution. She has a Ph.D. in Economics from the University of Chicago and taught at Princeton before going to Kellogg. Her research is concerned with how people cope with risk, particularly in cases where formal financial and insurance markets are not available.

A/PARC Hills Conference Room, Encina Hall, East Wing, Second floor

Anna Paulson Assistant Professor of Finance, Kellogg Graduate School of Management Speaker Northwestern University and National Fellow, Hoover Institution
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What will "post-developmental" Japan look like? In contrast to the view that Japan's political economy will converge with the U.S. system, Schaede argues that Japan is characterized by a system of cooperative capitalism. One feature of this system is the dominant role played by industry associations, which have increasingly assumed regulatory functions in the 1980s and 1990s. With the decline in ministerial power to guide industrial development, this self-regulation by industry is becoming a critical factor in understanding the workings of Japan's political economy. Ulrike Schaede is Assistant Professor at the Graduate School of International Relations and Pacific Studies (IR/PS) at the University of California, San Diego. She has a Ph.D. from Marburg University (Germany) in Japanese Studies, and has held various visiting positions and research affiliations in Japan, including at Hitotsubashi University (Tokyo), the Bank of Japan, MITI, and the Ministry of Finance. Prior to joining IR/PS, Schaede taught at the Haas School of Business at UC Berkeley. She specializes in Japanese government-business relations and business regulation in Japan, and Japan's financial markets.

A/PARC Hills Conference Room, Encina Hall, East Wing, Second floor

Ulrike Schaede Assistant Professor Speaker Graduate School of International Relations and Pacific Studies; University of California, San Diego; Visiting Scholar, A/PARC
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The talk will highlight the economic and social development of India and Pakistan and how this has been affected by the high level of military expenditures. It will trace the likely consequences of the emergence of a nuclear race on the two economies arising both from the short-run impact of economic sanctions and the costs in the long-run of increased sophistication of military technology. Before becoming the managing director of the SPDC in Pakistan, Dr. Hafiz Pasha was Advisor to the Prime Minister on Finance and Economic Affairs and Deputy Chairman of the Planning Commission, with status of federal minister. Earlier, he was Vice Chancellor of the University of Karachi, Dean and Director of the Institute of Business Administration, Karachi, and Professor and Director of the Applied Economics Research Centre, University of Karachi. Dr. Pasha's publications cover the fields of public finance, urban and regional economics and economics of social sectors. He has been involved with high-level policy making in Pakistan and has taken on numerous research assignments for international bilateral and multilateral agencies.

A/PARC Hills Conference Room, Encina Hall, East Wing, Second floor

Hafiz Pasha Former Advisor to the Prime Minister of Pakistan, Managing Director of the Social Policy and Development Centre Speaker Pakistan
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This talk explores the broader puzzles of the East Asian economic crisis through a focus on the Thai textile-garment industry. Once the leading Thai export, the textile industry weakened in the 1990's in the face of wage increases, regional competition and slackening demand. The goal of this talk is to explain the industry's past success, its failure to sustain that growth through technical upgrading, and its current responses to the crisis. The emphasis is on the political and institutional factors influencing industry performance. Rick Doner is an Associate Professor of Political Science at Emory University. He is currently a Visiting Scholar at the Asia/Pacific Research Center at Stanford University. He received his B.A. in Political Science from the University of North Carolina, Chapel Hill, his M.A. in Chinese Studies from Stanford University and his Ph.D. from the University of California, Berkeley. Professor Doner's general research interest is comparative political economy of Southeast Asia. This current research covers political and institutional bases of Thai economic growth, comparative analysis of business associations in developing countries, flexible production in East Asia, and political economy of the hard disk drive industry in East Asia.

Okimoto Conference Room, Encina Hall, East Wing, Third Floor

Rick Doner Visiting Scholar, A/PARC Speaker Stanford University
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