Recently, protectionism has been arising in many countries around the world. One reason for the rise is an increasing rejection of globalization by people who experience economic shocks that flow in from foreign countries. The inherent exclusivism of human beings is another reason that people are likely to oppose globalization. This research project will examine empirically (1) how economic shocks propagate through international firm networks and how such propagation can be alleviated by policy interventions, and (2) whether human beings' inherent exclusivism can be counteracted by exogenously-introduced interventions that promote social interactions between the populaces of different geographical regions. By so doing, this project will provide policy recommendations that address the rise of protectionism and anti-globalization sentiment.
August 17, 2020 - July 31, 2022
Major Research Results
RIETI Discussion Papers
"Floods and Loan Reallocation: New evidence" (OGURA Yoshiaki, NGUYEN Duc Giang and NGUYEN Thu Ha)
"Trade Disruption and Risk Perception" (KASHIWAGI Yuzuka and TODO Yasuyuki)
"Propagation of Overseas Economic Shocks through Global Supply Chains: Firm-level evidence" (INOUE Hiroyasu and TODO Yasuyuki)
"Establishment-level Simulation of Supply Chain Disruption: The case of the Great East Japan Earthquake" (INOUE Hiroyasu, OKUMURA Yoshihiro, TORAYASHIKI Tetsuya and TODO Yasuyuki)