IMF SEMINAR EVENT
DATE: October 11, 2017
DAY: Wednesday
4:15 PM - 5:30 PM
LOCATION: IMF HQ1 – Meetings Halls A&B
Overview
Lower trade barriers and greater openness to trade have been historically associated with higher income growth in many countries, but this relationship has not been foolproof. For instance, some countries with the highest growth of exports and GDP during the heyday of the “Washington Consensus” followed heterodox development policies involving sizable trade barriers and hefty subsidies to domestic industries, and some of them still closely control the flow of capital across their borders. What have we learned from those distinct development policies? Should countries identify external “competitiveness” and avoidance of de-industrialization with maximization of social welfare? Under which circumstances is unfettered globalization incompatible with political stability and well-functioning democracies? Should we expect large emerging market economies to take the lead in the trade liberalization agenda going forward? This session will shed fresh light on these important policy issues.
Join the conversation via #IMFglobal
Join the conversation via #IMFglobal
Macro-Trade-Development Linkages
Macro-Trade-Development Linkages
Panelists
Moderator: Min Zhu
Dr Min Zhu is currently the Chairman of the National Institute of Financial Research at Tsinghua university, Vice Chairman of China Center for International Economic Exchanges, Sino-UK Professional and Financial Service Envoy for the Belt and Road Initiative and a member of G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response. He is a member of the "14th Five-Year Plan" Expert Committee, a member of the Foreign Policy Advisory Committee of the Ministry of Foreign Affairs, a member of United Nations High-level Advisory Board, and a member of the Expert Advisory Committee of the State Internet Information Office, a commissioner of Lancet Global COVID-19 Commission and a Co-Chair of Lancet Task Force on the Green Recovery. He is also a Board Trustee of Fudan University, World Economic Forum, and Peterson Institute for International Economics. Dr Zhu was a Deputy Managing Director at IMF from July 2011 to July 2016. Before that, Dr. Zhu was a Deputy Governor of the People’s Bank of China, and prior to his service at China’s Central Bank, he served as a Group Executive Vice President of the Bank of China. Dr Zhu also worked at the World Bank and taught economics at both Johns Hopkins University and Fudan University.
Dr Zhu received his PhD and M.A. in economics from Johns Hopkins University, an M.P.A. from the Woodrow Wilson School of Public International Affairs at Princeton University, and a B.A. in economics from Fudan University.
Panelist: Keyu Jin
Panelist: Paul Krugman
Paul Krugman is a Distinguished Professor at the City University of New York’s Graduate Center, where he is a fellow at the Stone Center for the Study of Socioeconomic Inequality, and an op-ed columnist for The New York Times. He previously taught at MIT, Stanford, and Princeton. He is the author or co-author of many academic papers and numerous books aimed at both professional and general audiences, including Market Structure and Foreign Trade, Geography and Trade, and The Return of Depression Economics.
In recognition of his work on international trade and economic geography, Krugman received the John Bates Clark award of the American Economic Association in 1991, the Prince of Asturias award for social sciences in 2004, and the Nobel Memorial Prize in Economic Sciences in 2008.