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.

Zi Zhongyun is one of China's leading scholars on international relations. She is the author of The Origin and Evolution of U.S. Policy Towards China, 1945-1950; On the Shore of the Sea of Learning; Forty Years of U.S.-Taiwan Relations, 1949-1989; and the forthcoming Looking at the World with Cold Eyes: Revelations of the Ups and Downs in the 20th Century. Her edited volumes include, A History of Postwar U.S. Foreign Relations, from Truman to Reagan; Building up a Bridge of Understanding: American Studies in China, 1979-1992; and Initial Contributions to Theories on International Politics in China. She has served as Director of the Institute of American Studies, Chinese Academy of Social Sciences, Editor-in-chief of the Journal of American Studies in China, and was the Founder & first President of the Society for Chinese Scholars of Sino-American Relations. Madame Zi was also Visiting Fellow, Institute of International Studies, Princeton University, and Fellow, Woodrow Wilson Center, Washington, D.C.