Good Evening, honorable Hwang-sik Kim, Prime Minister of the Republic ofKorea, honorable Hyun-Jae Lee, Former Prime Minister of the Republic of Korea,Dr. Manwoo Lee, President of the Korean Economic Association (KEA), Dr.Christopher Sims, Professor of Princeton University, distinguished guests, and ladiesand gentlemen,Let me begin by expressing my warmest congratulations on the 60th Anniversaryof the Korean Economic Association, which has represented Korea’s economicsprofession in the last sixty years and has worked as a focal point for economists inboth the private and public sectors.It is indeed a great honor for me to give a speech for this farewell dinner andto personally congratulate the successful conclusion of the KEA’s 15th internationalconference on “Prospects for the Future: Shaping New Approaches and Issues inEconomics.”