The World Bank www worldbank org wbi H Street NW Information Line Washington DC Email wbi infoline@worldbank org USA WBINews WBI Vice President Vinod Thomas Takes up New Post in Brazil I n December Vinod Thomas Vice President of the World Bank Institute will leave his current position to take up the post of Country Director for Brazil Replacing Vinod as Vice President of the WBI is Frannie Leautier currently Director in the Office of the Bank’s President The Spring Issue of WBI News will carry her incoming interview In the years since Vinod took up his position at WBI the Institute has undergone a great many changes In this interview Vinod shares some of his recollections and insights about this transformation Q How is today’s WBI different from the one you joined in ? A The most striking change is that a relatively isolated Economic Development Institute has transformed itself into an Institute that is more integrated with the World Bank This has made our work that much more relevant and has also raised the stakes and the responsibility for staying at the cutting edge The opportunities WBI faces today are much greater than in Q What were the

Michelle J White CURRICULUM VITA Current Positions Professor of Economics Research Associate Department of Economics National Bureau of Economic Research University of California San Diego La Jolla CA email miwhite@ucsd edu Education Harvard University A B magna cum laude London School of Economics M Sc Princeton University Ph D in Economics September Research Grants Fellowships National Science Foundation Economics Program grant number “Mass Torts and Bankruptcy Asbestos ” NationalScience Foundation Law and Social Science and Economics Programs grant number SBR “Financial Distress and Bankruptcy ” National Science Foundation Law and Social Science and Economics Programs grant number SBS “Personal Bankruptcy in the U S Legal and Economic Issues ” National Science Foundation Law and Social Science and Economics Programs grant number SES “Economic Issues in Medical Malpractice Dispute Resolution and the Shift to No Fault ” Fulbright Fellowship Poland Fall Fund for Research on Dispute Resolution “Economic Issues in Medical Malpractice Dispute Resolution ” National Science Foundation Law and Social Science and Economics Programs grant number SES “Economic Models of Legal Complexity and Liability Rules ” Alfred P Sloan Foundation “Location Behavior Neighborhood Change and Commuting in New York City ” White National Science Foundation Law and Social Science Program

Abstracts Korea's Computer Strategy November Korea's computer strategy was to target initially relatively low end products such as simple peripherals and microcomputers and then to graduate to more technologically complex lines The government sought to promote home producers by protecting the domestic market from imports and controlling foreign direct investment Even though the domestic market had considerable potential exports were also targeted The major Korean producers used their prowess at efficient manufacturing and were concerned mainly with establishing large and economical scales of production The government encouraged domestic R&D and set up public research institutes that were expected to work in cooperation with private firms The government also encouraged the growth of medium sized firms by creating venture capital institutions Harvard Business School Case Study Technological Evolution of the Semiconductor Industry November New forces are emerging in the semiconductor industry These are likely to change the pattern and speed of technical change in that industry The changes include movement towards greater service and customer orientation; higher prices for technology sales greater emphasis on strategic alliances for technology and market sharing; and greater U S government involvement in protecting the U S industry All factors point to an increase in market

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