A Liberal Agenda For the New Century:
A Global Perspective
A Cato Conference co-sponsored with
The Institute of Economic Analysis and
The Russian Union of Industrialists and Entrepreneurs
Marriott Grand Hotel
Moscow
April 8-9, 2004
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Conference Schedule
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Thursday, April 8, 2004
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| 8:00-9:00 a.m. |
Registration
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Listen to RealAudio of opening remarks
and the first panel.
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| 9:00-9:15 a.m. |
Welcoming Remarks

Kakha Bendookidze, Russian Union of Industrialists and Entrepreneurs
Edward H. Crane, Cato Institute
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| 9:15-9:20 a.m. |
Video Remarks

Milton Friedman [ENG] [RUS] Hoover Institution, Nobel Laureate in Economics
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| 9:20-10:00 a.m. |
Keynote Report

Andrei Illarionov Economic Adviser to President Putin
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| 10:00-11:30a.m. |
Promoting Economic Freedom: What Have We Learned?
 Key players in successful reform programs from around the world will
discuss “what works” and how to advance economic development.
Moderator: Kakha Bendookidze, Russian Union of Industrialists and Entrepreneurs
James Gwartney [ENG] Florida State University Ruth Richardson [ENG] [RUS] Former Minister of Finance, New Zealand Mart Laar [ENG] Former Prime Minister, Estonia
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| 11:30-11:45 p.m. |
Coffee Break
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| 11:45-1:15 p.m. |
The Role of Institutions and Law in Economic Development

Listen to RealAudio of this panel
Property rights and the rule of law are essential for growth and restraint
of state power. Panelists will explore how those institutions will evolve
in developing and transition countries.
Moderator: Viacheslav Shironin, Academy of the National Economy, Russia
Roberto Salinas Leon, Mexico Business Forum, Mexico Vitaly Naishul [RUS] Institute for the Study of the Russian Economy, Russia Richard Messick [ENG] [RUS] World Bank Tom Palmer [ENG] [RUS] Cato Institute.
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| 1:15-2:45 p.m. |
Luncheon Address
Listen to RealAudio of this address
 Elena Leontjeva [ENG] [RUS] Lithuanian Free Market Institute, Lithuania
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| 2:45-4:15 p.m. |
Rethinking the Role of Government
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The size of the state has remained large or has grown in reforming
countries.What is the proper size and scope of government for a
prosperous and free society?
Moderator: Richard Rahn, Cato Institute
Charles Murray [ENG] [RUS] American Enterprise Institute
Andrei Illarionov Economic Adviser to President Putin Hannes Gissurarson University of Iceland
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| 4:15-4:30 p.m. |
Coffee Break
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| 4:30-6:00 p.m. |
The Importance of Stable Money and Capital Freedom
Listen to RealAudio of this panel

Without sound money, important economic reforms are ineffective.
Speakers will discuss how to maintain free capital flows and avoid
currency and financial crises.
Moderator: James Dorn, Cato Institute
Boris Lvin [ENG] World Bank, Russia Dan Mitchell [ENG] [RUS] Heritage Foundation
Fred Hu [ENG] Goldman Sachs, China Yaroslav Romanchuk [ENG] [RUS] United Civil Party, Belarus
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| 6:00-7:00 p.m. |
Reception
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| 7:30-9:00 p.m. |
Dinner Address

Kakha Bendookidze Russian Union of Industrialists and Entrepreneurs
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Friday, April 9, 2004
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| 9:00-9:45a.m. |
Opening Address
Listen to RealAudio of this address
 Arnold Harberger [ENG] [RUS]
University of California at Los Angeles
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| 9:45-11:15 a.m. |
The Costs of Monopoly and State Capture

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So-called natural monopolies in energy and services often exert
undue influence on the political process. Panelists will explore alternative
policies for such industries consistent with competitive markets.
Moderator: Christofer Ruehl, World Bank, Germany
Gennady Lebedev [ENG] [RUS] Deputy President, Vanguard Ltd., Russia Jerry Taylor [ENG] [RUS] Cato Institute Viktor Agroskin TechInvestLab.com, Russia Boris Fyodorov Former Minister of Finance, Board of Governors, Gazprom, Russia
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| 11:15-11:30 a.m. |
Coffee Break
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| 11:30 a.m.-1:00 p.m. |
A Market-Based Pension System to Empower Workers
Listen to RealAudio of this panel
 Unfunded pension liabilities are a major threat to social and financial
stability in rich and poor countries. Policymakers are discussing and
implementing a revolutionary alternative — private pension systems —
around the world.
Moderator: Alexander Shokhin, Russian Union of Industrialists and Entrepreneurs
José Piñera Former Minister of Labor and Social Security Justin Yifu Lin [ENG] [RUS] China Center for Economic Research, China Shuli Hu Caijing Magazine, China Michael Tanner [ENG] [RUS] Cato Institute
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| 1:00-2:30 p.m. |
Luncheon Address

Daniel Yergin
Author of Commanding Heights: The Battle for the World Economy, Chairman of
Cambridge Energy Research Associates
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| 2:30-4:00 p.m. |
International Organizations and Economic Freedom

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What impact do the policies of the World Bank, the European Union,
and the World Trade Organization have on development? Panelists will
discuss the economic costs and benefits of international groups for
poor countries.
Moderator: Margo Thorning, International Council for Capital Formation, United States
Deepak Lal [ENG] [RUS] University of California at Los Angeles Jan Oravec [ENG] [RUS] F. A. Hayek Foundation, Slovakia Brink Lindsey [ENG] [RUS] Cato Institute Peter Kaznacheev [ENG] [RUS] Administration of the President, Russia
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| 4:00-4:15 p.m. |
Coffee Break
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| 4:15-5:30 p.m. |
The Way Forward
Listen to RealAudio of this panel
 Where do transition and developing countries go from here? In this final panel, experts who have participated in success stories will
outline policy priorities for the developing world.
Moderator: Clive Crook, The Economist, United Kingdom
Edward H. Crane [ENG] [RUS] Cato Institute Leszek Balcerowicz President of the National Bank of Poland and Former Finance Minister, Poland Grigori Marchenko [ENG] [RUS] First Deputy Prime Minister, Kazakhstan
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| 5:30-5:40 p.m. |
Closing Remarks
 Ian Vásquez Cato Institute
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| 5:40-7:00 p.m. |
Reception
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