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.

While Asia and Europe's bilateral links with the United States are deep, ties between Europe and Asia need to be strengthened. In the aftermath of the Asian economic crisis and Europe's focus on issues closer to home (European single currency and the enlargement process), is the building of a new Asia-Europe partnership a priority for the European Union? Can the Asian economic crisis serve as a window of opportunity for closer and lasting economic cooperation between Asia and Europe? How can Europe assist in the implementation of economic reform programs and the process of market liberalization? What is the future of enhanced EU-Asia political cooperation in the areas of the environment, crime and drugs, terrorism, and human rights? How can Europe and Asia best pursue their common interests in arms control, disarmament, and non-proliferation? Professor Rinsche has had a distinguished career in German and European politics spanning more than three decades: as a member of the German Parliament (1965-1972) and a member of the European Parliament for twenty years (1979-1999). He was president of the EP-Delegation for ASEAN, South-East Asia, and South Korea (1979-1999), and chairman of the CDU/CSU-Group from 1989-1999. He is currently president of the Konrad Adenauer Foundation, a German political foundation promoting civic education in Germany and democracy and development abroad. Professor Rinsche will have just returned from an extended trip to South-East Asia and China and will share his recent insights in the current situation in that region.

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.

The Kingdom of Bhutan, an independent country in the Himalayas, has designed its own theory and practice of socioeconomic development, which it calls "Gross National Happiness." Bhutan entered into relations with the outside world only in the early 1960s; since then it has pursued development in a way that is consonant with its own Buddhist values. An intrinsically interesting experiment in itself, Bhutan's experience now assumes broader relevancy as its pursuit of development must take account of the problems small nations and cultures confront in the face of the powerful impact of globalization. The Ambassador will discuss these problems and answer questions. His Excellency Om Pradhan, the Ambassador and Permanent Representative of the Kingdom of Bhutan to the United Nations, was born in 1946 and was educated in India, England, and Hawaii. As Minister for Trade, Industry, Power, and Tourism in the Royal Government of Bhutan, he has been a central figure in Bhutan's economic and social development. He has also served as Bhutan's Ambassador to India, Nepal, and the Maldives, has led the Bhutanese delegation in several rounds of boundary talks with the People's Republic of China, has been a member of the National Assembly of Bhutan, and has participated in innumerable international and regional conferences.