Announcement
Economic exchange between countries has always involved risks but, since World War II, those risks have been managed under the US-led rules-based multilateral order for those countries that signed up to the system. The globalisation that flourished as a result brought prosperity and peace, with no region benefitting as much as did East Asia. That multilateral trading system is now under threat. Great Power rivalry, or strategic competition, as well as outdated multilateral rules and uncertainty from other global shocks and protectionism have led to an increase in the risks from economic exchange that threaten the benefits.
The weaponisation of economics has caused many to see economic interdependence as a vulnerability instead of a source of prosperity and security. Economics and security can be complements, as they have been in East Asia, or be seen as substitutes, requiring hard trade-offs. The weaponisation of economics is leading to a vicious cycle of high trade shares being seen as a source of vulnerability, leading nations to try to reduce interdependence and intensifying insecurity. How might the economic order be mended to help make countries more secure and better off economically?
Information
- Time and Date: 12:15-13:15, Monday, January 27, 2025 (JST)
- Venue: Online
- Language: English
- Admission: Free
- Host: Research Institute of Economy, Trade and Industry (RIETI)
- Contact: Ms. MATSUOKA, Conference Section
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Speakers
- Speaker:
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- Shiro ARMSTRONG (Non-Resident Fellow, RIETI / Professor, Crawford School of Public Policy, Australian National University; Director, Australia-Japan Research Centre; Director, East Asian Bureau of Economic Research)
Shiro Armstrong is Professor at the Crawford School of Public Policy at The Australian National University. He is Director of the Australia-Japan Research Centre, Editor of the East Asia Forum, Director of the East Asian Bureau of Economic Research and Non-resident Fellow at the RIETI. He is also currently a Research Associate at the Center on Japanese Economy and Business at the Columbia Business School, Visiting Professor at Keio University and Visiting Lecturer at the University of Tokyo. Dr. Armstrong took his PhD in Economics from the Australian National University and has been a Visitor to Peking University and Harvard University. He is Head of the Secretariat for the Pacific Trade and Development (PAFTAD) conference series. He was the 2024 recipient of the Nakasone Yasuhiro Award.
- Shiro ARMSTRONG (Non-Resident Fellow, RIETI / Professor, Crawford School of Public Policy, Australian National University; Director, Australia-Japan Research Centre; Director, East Asian Bureau of Economic Research)
- Commentator:
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- TAMURA Hideyasu (Principal Director, International Economic Affairs Department / Deputy Director-General for Trade Policy, Trade Policy Bureau, METI)
- Moderator:
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- TOMIURA Eiichi (President and Chief Research Officer (CRO) and Chief EBPM Officer, RIETI)
