AEIR 2021



Premiered on:
21 Jul 2020 (Tuesday)
1:00–2:30pm (Manila)
Microsoft Teams Meeting

Foreign Direct Investment in the Time of COVID-19: Policy Options for Asia

The coronavirus disease (COVID-19) crisis is having strong and adverse effects on foreign direct investment (FDI) flows, with potentially long-term consequences for Asian economies. Short-term delays in the implementation of investment projects, and long-term adjustments from multinational enterprises to secure production resilience will impact the regionís investment potential. This webinar aims to analyze global trends in FDI and understand how national and international FDI policies could play a role in supporting Asia in the post-COVID-19 economic recovery.

Setting the Scene:
Trends is FDI in Developing Asia

Rolando Avendano Economist, ERCD, ADB
Bio Presentation

Rolando Avendano is an Economist at the Economic Research and Cooperation Department of the Asian Development Bank. Prior to joining ADB, he worked for the Organisation for Economic Co-operation and Development (OECD), including the Economics Department, the OECD Development Centre and the Statistics and Data Directorate (PARIS21). He was a Lecturer at the Engineering Faculty at University of Los Andes (Colombia), and research associate at University College London (UK). He holds a B.Sc. in Industrial Engineering from University of Los Andes and a Master and PhD in Economics from the Paris School of Economics (PSE).
Panel Discussion on Foreign Direct Investment in the Time of COVID-19: Policy Options for Asia
Jong Woo Kang Principal Economist, ERCD, ADB

Jong Woo Kang is principal economist at the Economic Research and Cooperation Department of the Asian Development Bank (ADB). He is a seasoned economist with extensive knowledge and experiences on policy and strategic issues. He was Senior Advisor to the Managing Director General of ADB and Senior Economist at Strategy and Policy Department at ADB. He leads the annual publication of Asian Economic Integration Report. Areas of his research interest include regional integration, inclusive growth, macroeconomic and international trade policies and aid effectiveness. He has published research articles in academic journals, including Journal of Development Economics and Journal of Applied Economics, and wrote numerous blogs and opinion articles on global macroeconomy and international trade and finance. Before joining ADB, he was director at Ministry of Finance and Economy of Korea. He had got his BA in economics and MA in public administration from Seoul National University, and PhD in Economics from University of Washington.

Maria Borga Deputy Division Chief for Balance of Payments Division, International Monetary Fund (IMF)
Bio Presentation

Maria Borga is the Deputy Division Chief in the Balance of Payments Division of the International Monetary Fund (IMF). Prior to joining the IMF in June 2020, she was a Senior Statistician in the Investment Division of the Organisation for Economic Cooperation and Development (OECD). There, she oversaw the collection and dissemination of Foreign Direct Investment (FDI) statistics by the OECD. Her research includes integrating FDI statistics into the OECD’s Trade in Value Added Database and harmonizing and linking FDI statistics with statistics on the operations of multinational enterprises (MNEs). Before joining the OECD, Dr. Borga served as Assistant Division Chief for Research and Analysis in the Balance of Payments Division of the U.S. Bureau of Economic Analysis (BEA). She led research into improving BEA’s measures of banking, wholesale and retail trade, and insurance services to better capture trade in these services and into the impact that the offshoring of both goods and services has had on employment at the parent companies of U.S. MNEs. Her other research included the impact of foreign expansion on the domestic operations of U.S. MNEs, globalization of R&D activities within MNEs, and adaptation of production processes to host country factor prices at U.S. MNEs’ foreign manufacturing affiliates. She chaired the BEA committee responsible for implementing the new international standards for BOP and IIP accounts. It was a multi-year effort to improve methodologies, data sources, coverage, and classifications of international transactions. She received a B.A. in Economics and a BS in French from the Pennsylvania State University and a PhD in Economics from Boston University.
Amelia Santos-Paulino Chief of Investment Research Section, United Nations Conference on Trade and Development (UNCTAD)
Bio Presentation

Dr. Amelia U. Santos-Paulino is Chief of the Investment Research Section at the United Nations Conference on Trade and Development (UNCTAD) in Geneva, Switzerland. Previously, she was Senior Economist at UNCTAD’s Division for Africa, Least Development Countries and Special Programmes, working on trade and poverty, regional integration, the SDG agenda, as well as the vulnerability profiles of Least Developed Countries (LDCs). Before joining UNCTAD, she was Research Fellow and Project Director in the United Nations University’s World Institute for Development Economics Research (UNU-WIDER) in Helsinki, Research Fellow in the University of Sussex’s Institute of Development Studies, and Senior Research Economist in the Central Bank of the Dominican Republic. Dr. Santos-Paulino served as Senior Adviser of the Dominican Republic’s Government on International Trade and Investment for the negotiations of the US-DR-CAFTA Free Trade Agreement, amongst other full-time posts within the civil service and academia of the Dominican Republic.
Dr Santos-Paulino has also held visiting posts at the University of California, Davis, the Graduate Institute of International and Development Studies in Geneva, Fudan University in Shanghai, and the Asian Development Bank Institute in Tokyo. Her work has been published in journals including the Economic Journal, Cambridge Journal of Economics, and World Development, and has also edited books published by Oxford University Press and Cambridge University Press. Amelia U. Santos- Paulino holds PhD and MA degrees in Economics from the University of Kent in the UK.
Ikmal Lukman Deputy Chairman for Investment Promotion, IndonesianInvestment Coordinating Board (BKPM)
Bio Presentation

Ikmal Lukman is the Deputy Chairman for Investment Promotion for the Indonesia Investment Coordinating Board (BKPM), an Indonesian government agency which focuses on managing investments into Indonesia. He has spent over thirty one years working in this institution with various job experience.
Mr. Lukman graduated from Bogor Agricultural University, Indonesia in 1986 and later went on to receive his master’s degree (MBA) in International Studies from the University of Glasgow, Scotland in 1997. After finishing his studies in Glasgow, Mr. Lukman was appointed as BKPM’s representative in Batam Island to manage over 800 foreign direct investments located there. Since then, he served as BKPM’s representative in the Netherlands, based in Amsterdam, and continued as BKPM’s representative in Los Angeles, United States. Furthermore, he was promoted as the director who is in charge for conducting investment promotion to foreign investors.
In 2010 he was appointed as the Head of Training Center of BKPM. In 2012, he was appointed back as Director of Sectors Investment Promotion. In 2018, he was appointed as the Head of Program and Budgeting Planning. In 2019, he was promoted as the Deputy Chairman of Investment Planning.
Recently in June 2020 he was promoted as the Deputy Chairman of Investment Promotion. He has completed the World Bank Group Workshop in Washington D.C in November 2012 and also completed the Strategic Management of Regulatory and Enforcement Agencies Program at the Harvard Kennedy School of Government in September 2015.
Julien Chaisse Professor, School of Law, City University of Hong Kong
Bio Presentation

Dr. Julien Chaisse is Professor at the City University of Hong Kong, School of Law. He is an award-winning scholar and a globally recognized authority on the intersection between international economic law (trade, investment, and tax), international dispute resolution, and the transnational law of globalization. His scholarship, which includes a dozen books and over 60 articles and book chapters, has been cited by international courts/tribunals, as well as U.S. Courts. As a leading scholar in the field of international economic law, Dr. Chaisse sits on the editorial board of several high-impact international journals and he is currently a Joint Editor-in-Chief of the Asia Pacific Law Review.