The two-day conference, co-sponsored by the Hoover Institution and the Korea Development Institute, focused on economic reform, dealing primarily with the South Korean and American economies. Half of the papers presented illuminated problems confronting Korea's economic growth, and the other half, by Hoover fellows, addressed U.S. economic challenges and offered policy recommendations. One of the objectives of the conference was to increase understanding and share expertise about the impact of economic policy and the development of public policy at a national level. Conference directors were Kenneth Judd and Young-Ki Lee.

With the annual number of immigrants to the United States at an all-time high, the debate over immigration has reached a fevered pitch. Do today's immigrants come to this country just to go on welfare? Will immigration forever change America's ethnic, cultural, and political landscape?