AEIR 2021

RCI-POD

WEBINAR 22

Premiered on:
14 Jul 2021 (Wednesday)
3:00–4:30 pm (Manila)
Platform:
Microsoft Teams Meeting

Global value chain reshoring: Impact and policy responses


This webinar shed light on the potential impact of global supply chain reshoring on international trade and economic growth. Growing impetus for reshoring requires regional economies to stay vigilant and to forge appropriate policy responses to navigate ongoing challenges while utilizing potential opportunities to be unlocked at the same time. Against this background, the webinar discussed global, regional, and country level policy responses to reshoring.

Opening Remarks:
Yasuyuki Sawada Chief Economist and Director General, Economic Research and Regional Cooperation Department (ERCD), Asian Development Bank (ADB)
Bio

Yasuyuki Sawada is chief economist of the Asian Development Bank (ADB) and director general of its Economic Research and Regional Cooperation Department. He is chief spokesperson on economic and development trends and leads the production of ADB’s flagship knowledge products and support for regional cooperation fora.

Before joining ADB, Mr. Sawada was professor of economics at the University of Tokyo and has led numerous large-scale development policy evaluation projects for various institutions. His key research areas are development economics, microeconometrics, economics of disasters, and field surveys and experiments. Mr. Sawada obtained his PhD in economics from Stanford University.

Presentation:
Global Value Chain Reshoring: Overview and Economic Impact
Jong Woo Kang Principal Economist, Regional Cooperation and Integration Division (ERCI), ERCD, ADB
Bio

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 such as Journal of Development Economics, Journal of Applied Economics, and Journal of World Trade, 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 the Republic of Korea. He got his BA in economics and MA in public administration from Seoul National University, and PhD in economics from University of Washington.

Panel Discussion:
Moderator
Rolando Avendano Economist, ERCI, ERCD, ADB
Bio

Rolando Avendano is an economist at the Economic Research and Cooperation Department of the Asian Development Bank. His research focuses on financial and international economics, with an emphasis on regional integration, competitiveness, and Asia’s impact on emerging economies. Prior to joining ADB, he worked for the Organisation for Economic Co-operation and Development (OECD) in Paris, France. He was partnership coordinator of PARIS21 (OECD Statistics and Data Directorate), economist with the Director’s Office and the Americas Desk (OECD Development Centre), and research associate with the OECD Trade Directorate and Economics Department. Previously, he was a lecturer at the Engineering Faculty of University of Los Andes (Colombia), and research associate at University College London (UK). A French and Colombian national, he holds a BSc in industrial engineering from University of Los Andes and a Masters and PhD in economics from the Paris School of Economics (PSE).

Panelists:
Roberta Piermartini Chief, Trade Costs Analysis, World Trade Organization
Bio

Roberta Piermartini is the Chief of Trade Costs Analysis at the WTO. She has 20 years’ experience in research on trade, trade policy and inclusive development. She has published extensively in academic journals and various books. She is lead author of the World Trade Report as well as coordinator for WTO-WB joint publications. She is author of “A Practical Guide to Trade Policy Modelling“ and ”An Advanced Guide to trade Policy Modelling”. She has served the WTO Dispute Settlement in several Panel and Arbitration cases. Prior to joining the WTO in 2000, she was lecturer in economics and statistics at the University of Southampton and research fellow in the research division of Confindustria. She also has been teaching at the University of Geneva and LUISS. She holds a PhD in economics from the University of Southampton.

Hyeok Ki Min Research Fellow, Korea Institute for Industrial Economics & Trade (KIET)
Bio

Hyeok Ki Min is a research fellow of Korea Institute for Industrial Economics and Trade (KIET). His research interest includes digital trade, global supply chain, reshoring, and industrial cooperation between countries. Prior to joining KIET in 2008, Hyeok Ki worked with the Joint Secretariat for Economic Cooperation between the Republic of Korea and Indonesia. He earned his master’s degree in economics from Sungkyunkwan University and PhD in economics from the University of California, Irvine.
Claudia Trentini Economist, United Nations Conference on Trade and Development (UNCTAD)
Bio

Claudia Trentini is a senior economist in the Investment Research Branch of the Division on Investment and Enterprise at UNCTAD. She is part of the team producing UNCTAD’s flagship publication the World Investment Report. Her area of expertise comprises MNEs’ internationalization strategies and operations in host countries, including their impact on host countries’ economic growth and development; SDGs investment; infrastructure investment; FDI and women empowerment; and FDI by SMEs. She holds a PhD in Economics from the European University Institute.

Pramila Crivelli Economist, ERCI, ERCD, ADB
Bio

Pramila Crivelli is an economist in the Economic Research and Regional Cooperation Department of the Asian Development Bank (ADB). Her main fields of specialization are applied econometrics in international trade policy, regional trade agreements, trade negotiations, rules or origin, nontariff measures and geographical indications. At ADB, her portfolio also covers APEC and regional public goods.

Prior to joining ADB in November 2020, she was an assistant professor at the Goethe University Frankfurt leading the Chair of International Trade. Her work has been published in academic peer reviewed journals including the Journal of International Economics and the World Economy.

She received her PhD from the University of Geneva, Switzerland. She accumulated extensive experience in applied economic policy and technical cooperation serving as an economic affairs officer at the United Nations Conference on Trade and Development, researching at the European University Institute and the World Trade Organization, and carrying out consultancies for various clients in Asia and Africa. She has a strong expertise in delivering capacity building and advisory services to governments, public and private institutions, and trade negotiators in multilateral and regional fora.

Q&A