- 2015 Trans-Pacific Intellectual Dialogue
- ㆍ 저자명
- 정철,CharlesE.Morrison,MarkThoma편
- ㆍ 간행물명
- KIEP 연구보고서
- ㆍ 권/호정보
- 2016년|pp.1-323 (323 pages)
- ㆍ 발행정보
- 대외경제정책연구원|한국
- ㆍ 파일정보
- 기타|KOR| PDF텍스트
- ㆍ 주제분야
- 사회과학
KIEP와 하와이 EWC(East-West Center)는 '2015 Trans-Pacific Intellectual Dialogue' 주제 하에 국제세미나를 공동개최한 바 있으며, 한·중·일·미 4개국 전문가들이 모여 북태평양 지역 국가의 거시경제와 경제통합의 현황 및 전망에 대해 토론하고, 무역과 통화정책에 대해 논의함으로써 지역경제의 안정과 발전을 위한 다각적 협력방안을 모색하였습니다.
The conference was held on Dec 14-15, 2015 co-organized by the Korea Institute for International Economic Policy (KIEP) and East-West Center (EWC) in Honolulu. Participants from China, Japan, Korea and the United States discussed the economic future of the major North Pacific countries and the importance of economic cooperation among them. Major topics in each session were (1) Trade (2) Macroeconomic Perspectives and (3) Finance. The first topic, "Trade", related to the China'a trade strategy, China's Belt-Road Initiative, Korea's Eurasia Initiative, and the Trans-Pacific Partnership Agreement (TPP). The second topic, "Macroeconomic Perspectives", aimed to tackle global or regional economic problems through the understanding of the macreconomic policies of the emerging market economies, uncertainty in the economic conditions of the United States, China's New Economic Norms, and the struggle of the East Asian International Order. The third topic, "Finance", aimed to provide an analytical perspective over currency convertibility, unconventional monetary policies, and prospect of cooperation between Belt-Road Initiative and TPP in the global economic governance. The conference concluded with the major findings and policy implications from the earlier sessions, particularily, monetary policy response in emerging economies and the importance of strengthing the North Pacific cooperation were discussed.
Contributors Introduction and Overview Mark Thoma Session 1 Trade China’s Emerging Trade Strategy: Drivers, Influence and Implications for North Pacific Economic Cooperation Yong Wang 1. Key Drivers of Change in China’s Trade Policy 2. China’s Emerging Trade Policy 3. Why will China Embrace Higher Standard FTAs? 4. Integrate the Belt and Road Initiative and AIIB into China’s Trade Policy 5. Implications for the Global Trade Order and North Pacific Economic Cooperation References China’s Belt-Road Initiative and Korea’s Eurasia Initiative Inkyo Cheong 1. Introduction on Korea’s Eurasia Initiative 2. China’s Belt-Road Initiative 3. Korea’s Nordpolitik and Recent Performance of its Eurasia Initiative 4. Conclusion and Policy Implications The Trans-Pacific Partnership Agreement High Diplomacy and Low (Domestic) Politics Claude Barfield 1. Broad Themes and Analytic Frameworks 2. Security/Diplomatic Rationale of Trade Policy 3. The Low Domestic Politics of Trade: Who Wins and Who Loses 4. The Political Problem Areas 5. Concluding Observations Trade Comments by Taeho Bark Strengthening North Pacific Cooperation Comments by Theresa Greaney Session 2 Macroeconomic Perspectives Global Economic Problems and Emerging Market Economies’ Macroeconomic Policies Inchul Kim 1. Introduction 102 2. Global Economic Environment 103 3. Analysis of Global Economic Problems 104 4. Macroeconomic Policies for EMEs 109 5. Conclusion 113 References 114 Economic Conditions in the US and the Uncertain Prospects for Future Economic Growth Mark Thoma 1. Introduction 2. The Current State of the US Economy 3. Forecast for GDP 4. Risks to Growth 5. Conclusion References China’s New Economic Norms Yijiang Wang 1. Introduction 2. The Slowdown 3. Features of the New Economy 4. Concluding Remarks The Asian Infrastructure Investment Bank and the Struggle for the East Asian International Order Ming Wan 1. Introduction 2. The AIIB as an International Financial Institution 3. The AIIB and International Order 4. The AIIB and China 5. Recommendation Macroeconomic Perspectives for Developed and Emerging Economies Comments by Michael J. Roberts 1. Introduction 2. Emerging Economies 3. China 200 4. The United States Macroeconomic Perspectives Comments by Yoon Je Cho 1. Secular Stagnation 2. China’s Economic Slowdown 3. The Inclusion of RMB in the SDR Basket Session 3 Finance Strategies for Currency Convertibility: Korea’s Perspectives Jang Yung Lee 1. Definition and Accepted Wisdom 2. Benefits and Costs of Convertibility 3. Strategies for Currency Convertibility 4. Countries’ Experiences of Convertibility 5. Conclusion and Policy Suggestions References Unconventional Monetary Policy, Spillovers, and Liftoff: Implications for Northeast Asia Marcus Noland 1. Introduction 2. How We Got Here 3. Spillovers 4. Liftoff 5. Conclusions References Exploration of the Prospect of Cooperation between Belt and Road Initiative and TPP in Global Economic Governance Xiaotong Shan 1. Development Philosophy and Cooperation Approach of Belt and Road Initiative 2. BRI’s Implications for the Global Economy 3. Comparison of Similarities and Differences between the Belt and Road Initiative and TPP 4. Cooperation between the Belt and Road Initiative and TPP for Global Economic Integration 5. Mutual Learning between the Belt and Road Initiative and TPP 6. A Preliminary Study on Cooperation between the Belt and Road Initiative and TPP 7. Conclusion References Finance Issues Comments by Baybars Karacaovali Session 4 Major Findings and Policy Implications Monetary Policy Response in Emerging Economies and North Pacific Cooperation Il Houng Lee 1. Introduction 2. Capital Flows and Impact on Emerging Markets 3. Not Always an Efficient Allocation of Capital Across Borders 4. Synchronization of Interest Rates 5. Unsynchronized Business Cycles 6. Overcoming the Limitations of Monetary Policy 7. Capital Flow Measures 8. Strengthening North Pacific Cooperation Major Findings and Policy Implications Comments by Taeho Bark Conference Program Program Participants