Policy Research Domains (Major Policy Research Domains) III. Formulating Japan's Strategy in Response to Globalization and Deepening Economic Interdependence in Asia

The Resolution of Global Imbalances

Project Leader/Sub-Leader


THORBECKE Willem, Consulting Fellow




Our work this year involved seeking a deeper understanding of the characteristics of international production networks in Asia and of the effects of exchange rate changes on processing trade. In the paper with Dr. Masaru YOSHITOMI we presented a detailed analysis of Trade-FDI-Technology Linkages in East Asia. In the paper with Mizanur RAHMAN we investigated the effects of unilateral RMB appreciations and joint appreciations among countries supplying intermediate inputs on China's processed exports. In both cases we also tried to draw relevant policy conclusions from our results.

Major Research Results