Yuqing Xing
National Graduate Institute for Policy Studies, Tokyo, Japan
Bio of Prof. Yuqing Xing
Yuqing Xing is Professor of Economics of the National Graduate Institute for Policy Studies (GRIPS) in Tokyo. He served as the Director of the Capacity Building and Training Department of the Asian Development Bank Institute. He also held positions at World Institute for Development Economics Research, the Bank of Finland, United Nations University Institute for Advanced Studies, and the East Asian Institute of the National University of Singapore. He provided consulting services to Asian Development Bank, the International Monetary Fund and Japan International Cooperation Agency.
Prof. Xing’s research focuses on global value chains, international trade, foreign direct investment and Chinese economy. His book publications include “Decoding China’s Export Miracle: A Global Value Chain Analysis. He is the lead editor of Global Value Chain Development Report 2021: Beyond Production, and Global Value Chain Report 2023: Resilient and Sustainable GVCs in Turbulent Times. His research on the iPhone and the Sino–US trade balance instigated a reform of trade statistics.
Prof. Xing received a Ph.D. in Economics from the University of Illinois at Urbana-Champaign, USA, and bachelor’s and master’s degrees from Peking University, China.
Lecture Title:
The dark side of free trade and the bright side of industrial policy: what the literature say about them
Today’s environment is completely different with that when the APEC initiative was formulated in 1989. National security and independent production capacities in critical minerals and sectors are far more important than the economic efficiency enhanced by the economic integration between countries. The super-globalization is over. Protectionism is coming back and industrial policy is reviving. There are economic rationales supporting these phenomena in the literature, which had long been ignored by the active promoters of free trade and free market. Moreover, the trust, indispensable for global value chain based trade, has been lost between nations. The trust deficit has further strengthened the tide of protectionism and industrial policy. Professor Xing will discuss these issues from the economic literature and analyze the future perspectives of the regional integration in Asia and Pacific.
