Asia at the Forefront: Growth Challenges for the Next Decade and Beyond
IMF SEMINAR EVENT
DATE: October 10, 2018
DAY: Wednesday
10:30 AM - 11:45 AM
LOCATION: Bali International Convention Center (BICC), WE-2-Nusantara 1 & 2
Overview
Asia has made remarkable progress over the past fifty years and is now at the forefront of the world economy in many ways—the region is the predominant driver of global growth, the nerve center of world trade, and an increasingly important contributor to the knowledge frontier. But Asia’s economic performance now faces fundamental challenges, including a possible global move toward protectionism, slowing productivity growth, rapid population aging in some countries, and the digital revolution, which may be as disruptive as they are transformative. What will these trends mean for the region, and what can policymakers do to ensure that Asia remains at the forefront of the world economy over the coming fifty years? The seminar will cover a wide range of issues including trade as an engine of growth; boosting productivity growth; addressing population aging; and the digital revolution. Some of these themes will also be discussed in our forthcoming Regional Economic Outlook Asia at the Forefront: Growth Challenges for the Next Decade and Beyond.Join the conversation via #IMFAsia
Asia at the Forefront: Growth Challenges for the Next Decade and Beyond
Panelists
Moderator: Stefania Palma
Stefania Palma is the Financial Times Singapore correspondent covering the city state, Malaysia and Indonesia. Prior to joining the FT, she reported from across Asia-Pacific interviewing finance ministers, central bank governors and bank CEOs as Asia editor at The Banker. She read for a MPhil in Modern Chinese Studies at the University of Oxford and completed archival research at Peking University. She has a BSc in Economics from SOAS, University of London, where she first started studying Mandarin Chinese.
Opening Remarks: Mitsuhiro Furusawa
Mitsuhiro Furusawa was appointed Deputy Managing Director of the International Monetary Fund on March 2, 2015. Previously, Mr. Furusawa was Special Advisor to the Prime Minister and to the Minister of Finance in Japan. Mr. Furusawa served as Executive Director for Japan at the International Monetary Fund from 2010 to 2012. He has served as Vice Minister for International Affairs at the Finance Ministry, and held various diplomatic positions. Mr. Furusawa studied Law at the University of Tokyo, and is also a graduate of France's Ecole Nationale d'Administration.
Panelist: Yiping Huang
Huang Yiping is Jin Guang Chair Professor of Economics and Deputy Dean of the National School of Development and Director of the Institute of Digital Finance (IDF), Peking University. He served as a member of the Monetary Policy Committee at the People’s Bank of China during 2015‐2018. Currently, he is Vice Chairman of Council at the Public Policy Research Center and Research Fellow at the Financial Research Center, both at the Counselors’ Office of the State Council. He also serves as Chairman of the Academic Committee of China Finance 40 Forum, and a member of Chinese Economists 50 Forum. He is Editor of China Economic Journal and an Associate Editor of Asian Economic Policy Review. His research areas include macro economy, financial market and rural development.
Previously, he was a policy analyst at the Research Center for Rural Development of the State Council, research fellow and senior lecturer of economics at the Australian National University, General Mills International Visiting Professor of Economics and Finance at the Columbia Business School, Managing Director and Chief Asia Economist for Citigroup, Managing Director and Chief Economist for Emerging Asia for Barclays, and an Independent Director of China Life Insurance Ltd, Minmetal Trust Ltd and Mybank.
Prof Huang received his Bachelor of Agricultural Economics from Zhejiang Agricultural University, Master of Economics from Renmin University of China and PhD in Economics from Australian National University.
Panelist: Takehiko Nakao
Takehiko Nakao is the President of the Asian Development Bank (ADB) and the Chairperson of ADB's Board of Directors since April 2013. Before joining ADB, Mr. Nakao was the Vice Minister of Finance for International Affairs at the Ministry of Finance of Japan and held various senior positions within the Ministry of Finance and the Japanese government, including Director-General of the International Bureau of the Ministry of Finance, and Minister at the Embassy of Japan in Washington D.C. He also served as an economist and advisor at the International Monetary Fund from 1994 to 1997. He holds a Bachelor's degree in Economics from the University of Tokyo and a MBA from the University of California, Berkeley.
Panelist: Y. V. Reddy
Yaga Venugopal Reddy, better known as Y.V. Reddy, was the 21st Governor of the Reserve bank of India from 2003–08 and the Chairman of the Fourteenth Finance Commission of India from February 1, 2013 to December 31, 2014. Between 2008–13, Reddy has been active in academia, and was associated with University of Hyderabad, Indian Institute of Technology, Madras, and Columbia University, New York. He served as a member of the United Nation’s Commission of Experts on Reforms of the International Monetary and Financial System.
Panelist: Jeffrey Sachs
Professor Jeffrey Sachs serves as the Director of the Center for Sustainable Development at Columbia University. During 2002 to 2016 he served as the Director of the Earth Institute. Sachs is Special Advisor to United Nations Secretary-General António Guterres on the Sustainable Development Goals. He is also Director of the UN Sustainable Development Solutions Network (under the auspices of UN Secretary-General Guterres), Chair and Founder of SDG USA (a non-governmental initiative to promote sustainable development in the United States), and co-founder and Chief Strategist of Millennium Promise Alliance.