Announcement
The international economic order surrounding Japan has been shaken by the formation of the U.S.-China confrontation, Russia's aggression against Ukraine, the dysfunction of the WTO, and the weaponization of economies.
In this RIETI session series, Hirohide Hirai, special adviser and former Vice Minister for International Affairs in METI, who is in charge of steering Japan's foreign economic policy, through a series of conversations and presentations, will discuss economic security with experts from universities and other institutions engaged in cutting-edge research in Japan and overseas, corporate executives who are dealing with the business scene, and government officials (including former employees) who are familiar with the relevant fields.
Following the first session with Kazuto Suzuki, the second with Nobukatsu Kanehara, the third with Mitsunobu Koshiba, and the fourth with Matthew Goodman, we invited Daleep Singh, the Chief Global Economist and Head of Global Macroeconomic Research at PGIM Fixed Income and Former Deputy National Security Advisor and Deputy Director of National Economic Council for a discussion. Based on his experience working in government agencies such as the White House and the National Security Council, and his experience dealing with global issues as a G20 and G7 Sherpa, he talked about the consideration of the G7's response to sanctions and other measures against Russia after Russia's invasion of Ukraine, as well as the future of economic diplomacy and how to promote economic statecraft. Specifically, he emphasized the importance of each country articulating a doctrine of economic statecraft in the current international situation, which he elaborated on in this presentation.
After the presentation, Hirohide Hirai, who has been at the front lines for numerous global issues, including economic sanctions against Russia, discussed with Mr. Singh the efficacy of economic sanctions by the G7 countries and the need for cooperation with the so-called Global South on the theme of Russia's aggression against Ukraine.
Information
- Time and Date: Wednesday, November 29, 2023
- Language: English
- Host: Research Institute of Economy, Trade and Industry (RIETI)
Speakers
- Speaker:
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- Daleep SINGH (Chief Global Economist and Head of Global Macroeconomic Research at PGIM Fixed Income / Former Deputy National Security Advisor and Deputy Director of National Economic Council)
Daleep Singh is the Chief Global Economist and Head of Global Macroeconomic Research at PGIM Fixed Income. Mr. Singh is responsible for oversight of the Firm’s Global Macroeconomic Research team, leading the formulation of the global macroeconomic outlook across developed and emerging economies, analyzing key structural shifts, and synthesizing the implications for global interest rate, currency, sovereign, and credit markets. He is a member of the senior investment team and provides thought leadership on global policy and macroeconomic trends.
Prior to joining the Firm in 2022, Mr. Singh served as Deputy National Security Advisor for international economics and Deputy Director of the National Economic Council for the Biden Administration. In this capacity, he coordinated the Administration’s policymaking process for a range of issues at the intersection of economic policy and national security, including economic statecraft, supply chain resilience, innovation policy, infrastructure finance, digital assets, global health security, and climate finance. As the U.S. Sherpa to the G7 and G20, he also acted as President Biden’s representative in major international fora. Previously, Mr. Singh was an Executive Vice President and Head of the Markets Group at the New York Federal Reserve, where he led the implementation for most of the Fed’s emergency facilities launched during the COVID-19 pandemic. Earlier in his career, Singh served as an acting assistant secretary for financial markets at the Treasury Department during the Obama-Biden Administration, as well as a deputy assistant secretary for international affairs. Before and after his time in government roles, Mr. Singh held positions in the private sector and academia, including when he taught a popular graduate course on geoeconomic strategy.
Mr. Singh earned a BA from Duke University and graduate degrees from MIT and Harvard University, with a focus on international economics. Additionally, Mr. Singh was named one of the 2022 Bloomberg 50, an annual list of innovators, entrepreneurs, and leaders who have changed the global business landscape.
- Daleep SINGH (Chief Global Economist and Head of Global Macroeconomic Research at PGIM Fixed Income / Former Deputy National Security Advisor and Deputy Director of National Economic Council)
- Commentator:
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- HIRAI Hirohide (Consulting Fellow, RIETI / Special Advisor, Former Vice-Minister for International Affairs, METI)
- Moderator:
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- FUKUOKA Noriyoshi (Consulting Fellow, RIETI / Principal Deputy Director, Trade Policy Bureau, METI)
