Macro Economy

Thrust and Parry in the Global Game: Emerging Asian Corporate Giants and the World Economy

Program Overview

Macro Economy Research Conference
13-14 November 2007
Hotel Okura, Tokyo

Program

Opening Remarks
Junichi Ujiie, Tokyo Club Foundation for Global Studies and Nomura Holdings
Session 1: Asian Economies Engaging Abroad
Moderator: Barry Bosworth, The Brookings Institution

Overview of Foreign Direct Investment: U.S., Europe, Japan and Emerging Asia
Masahiro Kawai, Asia Development Bank Institute

Inflation, Appreciation, or Reform? A Structural and Institutional Perspective on RMB and China's External Imbalance
Geng Xiao, The Brookings-Tsinghua Center for Public Policy

Comments: C. H. Kwan, Nomura Institute of Capital Markets Research

The Outward Expansion of Chinese and Indian Firms: A New Challenge for Europe

Comments: Peter Blair Henry, Stanford University

Session 2: Asian Firms Engaging Abroad
Moderator: Masahiro Kawai, Asia Development Bank Institute

Outward Direct Investment by Chinese Enterprises
MA Jun, Development Research Center of the State Council

Comments: Paola Subacchi, Chatham House

Indian Enterprises Investing Abroad - Irritants, Incentives, and Issues
R. Gurumurthy, Institute for Indian Economic Studies, Waseda University

The Internationalization of Indian Companies: The Case of Tata
Andrea Goldstein, Organization for Economic Cooperation and Development

Comments: Arvind Panagariya, Columbia University

Session 3: Impacts and Responses to Emerging Asian Giants
Moderator: Eisuke Sakakibara, Institute for Indian Economic Studies, Waseda University

How to Survive the Era of Declining Population: The Chinese Market as a Great Opportunity
Masaki Kuwahara, Financial and Economic Research Center, Nomura Securities

Outsourcing: Is the Third Industrial Revolution Really Around the Corner?
Arvind Panagariya, Columbia University

Comments: James Rollo, University of Sussex

Trading with Asia's Giants
Barry Bosworth, The Brookings Institution

Comments: James Rollo, University of Sussex

Asian SWFs in Europe: Much Ado About Nothing?
Paola Subacchi, Chatham House

Comments: Peter Blair Henry, Stanford University

Closing Remarks
Junichi Ujiie, Tokyo Club Foundation for Global Studies and Nomura Holdings