ESA (ACT) FIRST FRIDAY ECONOMICS - October
From: Friday October 4, 2019, 5:30 pm
To: Friday October 4, 2019, 7:30 pm
ESA (ACT) First Friday Economics
Professor James Riedel
Emeritus Professor of International Economics at the Johns Hopkins University School of Advanced International Studies
What’s Behind US and Global Trade Imbalances?
The Economic Society of Australia (ACT) and the Research School of Economics at the ANU wish to invite you to the October edition of First Friday Economics (FFE). FFE is an exciting initiative aimed at enriching the professional and social lives of Canberra economists. We aim to provide a congenial setting, on the first Friday of every month, to allow the interaction of mainly young Canberra economists, with a major Canberra economist invited to give a short address.
For the October event, we are pleased to have James Riedel speaking on What’s Behind US and Global Trade Imbalances?
Three separate but integrally related questions are addressed in turn:
- What’s behind the U.S. trade and current account deficits that President Trump routinely cites to justify a trade war with China and other countries? The answer is found in publicly available data of which Mr. Trump is apparently unaware or chooses to ignore.
- Why in recent decades have real resources and the capital that finances them flowed disproportionately uphill from relatively poor to relative rich countries in defiance of what theory predicts? Is the theory of international capital flows wrong? Or, is it a matter of public policy in developing countries?
- China figures disproportionately in the uphill flow of capital, especially in the decade of the 2000s. Why did China take measures to transfer some USD 4 trillion of domestic saving to public and private borrowers in the United States in the 2000s? Who gained and who lost from those measures in China and the U.S.?
Finger food and drinks will be served
Date: Friday 4 October 2019
Time: 5.30pm - 7:30pm
Location: ANU - Research School of Economics, Fred Gruen Seminar Room, Level 1, HW Arndt Building (Bldg 25A), Kingsley Street, Acton
Please register by 2 October 2019 for catering.
James Riedel is Professor Emeritus of International Economics at the Johns Hopkins University School of Advanced International Studies. He joined the Hopkins faculty in 1976 and retired as the William L. Clayton Chair Professor of International Economics in 2017. He has also held teaching positions at Hong Kong University, Nanjing University, and Fulbright University Vietnam. He was a visiting scholar at the Institute of World Economics (Kiel), Nuffield College Oxford, and the Australian National University-NDSC. He was Senior Economic Advisor to the USAID-funded project assisting the government of Vietnam in implementing the VN-US BTA and Vietnam’s accession to the WTO (2002 to 2013). He was a member of the Board of Directors of the Vietnam Debt Fund (Dragon Capital Group) from 2008-2018. He has been a consultant to the World Bank, the Asian Development Bank, the Inter-American Development Bank, the China Development Bank, the OECD and other international organizations and corporations. He is a Trustee of the American Committee for Asian Economic Studies and on the advisory board of the Hong Kong Centre for Economic Research. He serves on the editorial boards of a number of international peer-reviewed academic journals in the field of economics. He has published widely in the areas of international trade theory and policy, international finance and economic development. His most recent book is How China Grows: Investment, Finance, and Reform (Princeton University Press, 2007).
VenueANU, Research School of Economics
Seminar Room, Level 1, HW Arndt Building (Bldg 25A), Kingsley St, Acton ACT 2601