For the last decade, China has been at the forefront of pushing for regional economic integration, e.g. ASEAN-China FTA, Hong Kong-China CEPA, and China-Taiwan ECFA. Could this process culminate into a movement toward a European Union-style economic bloc? What are the implications of this development for US economic welfare? US unions have long viewed the cheap goods from China as harmful to US workers; and some US economists have recently blamed the cheap credit from China for the 2008 implosion of the US financial system. The present escalation of Chinese and US rhetoric on the exchange rate is worryingly akin to the mutual pawing on the ground before the great leap forward at each other. What is the sensible solution? There is no sign that the impasse over the Doha Round of trade negotiations would be resolved in the medium-term.  It is very surprising that China has adopted a near hands-off approach on this issue because it has been the biggest beneficiary of the open multilateral trading system. Has China's failure to help strengthen the WTO framework emboldened protectionism, much to its own detriment and the world's? In this seminar, Professor Woo will examine China's strategy of external economic engagement, including the recently signed ECFA between Beijing and Taipei. Woo argues that part (and only part) of the reason why China does not already have a coherent strategy could be that its present governance institutions create disincentives to move quickly to embrace such a strategy.  

Wing Thye Woo is Professor of Economics at U.C. Davis, Yangtze River Scholar at the Central University of Finance and Economics in Beijing, Director of the East Asia Program within The Earth Institute at Columbia University, and Nonresident Senior Fellow at the Brookings Institution. He received an M.A. in Economics from Yale University, and an M.A. and a Ph.D. in Economics from Harvard University. He has advised the U.S. Treasury Department, the IMF, World Bank, and the United Nations. Professor Woo has published extensively, and his current research focuses on the economic issues of East Asia, international financial architecture, comparative economic growth, state enterprise restructuring, fiscal management, and exchange rate economics.

Edwin O. Reischauer, Harvard Professor and U.S. Ambassador to Japan, was a seminal figure in both American education about and policy toward East Asia. In his detailed new biography, Dr. George Packard brings together his scholarship and his personal experience working for Reischauer in the early 1960s.

Re-centering the U.S.-Japan Alliance after the turmoil of the 1960 Security Treaty Riots, Ambassador Reischauer relied on his deep understanding of and sympathy for Japan, stabilizing the bilateral relationship for decades. Packard's insights on this history have bearing today as the United States and Japan seek to build a new partnership to cope with emerging challenges.

George R. Packard, president of the United States-Japan Foundation, is the former dean of the Johns Hopkins School of Advanced International Studies, where he founded Johns Hopkins's Foreign Policy Institute, The SAIS Review, the Reischauer Center for East Asian Studies, and the Hopkins-Nanjing Center in China. He has been a military intelligence officer, Foreign Service Officer, journalist, scholar, educator, and author.

Gerald Warburg earned his BA in Political Science and Education at Hampshire College and MA in Political Science at Stanford in 1979, where he worked closely with CISAC fellows. He is now Executive Vice President of Cassidy & Associates, a prominent public affairs firm in Washington DC, and has served as a visiting professor at Georgetown University, Penn, Stanford, and Hampshire. He has also recently been appointed Professor of Practice of Public Policy at the University of Virginia’s Frank Batten School of Leadership and Public Policy. Warburg has more than a decade of experience as a senior aide to members of both the U.S. House and Senate leadership. As Legislative Assistant to U.S. Senate Democratic Whip Alan Cranston on Trade, Defense, and Foreign Policy, he coordinated the Senator’s work on the Committees on Foreign Relations, Intelligence, and the International Finance and Monetary Policy Subcommittee of the Banking Committee. Previously, Mr. Warburg served as Legislative Assistant for Energy, Environment and Trade issues to U.S. Representative Jonathan B. Bingham, Chairman of the International Economic Policy and Trade Subcommittee of the House Foreign Affairs Committee. Mr. Warburg was also an aide to U.S. Senator John Tunney on the Joint Committee on Atomic Energy. He is the author of Conflict and Consensus: The Struggle Between Congress and the President Over Foreign Policymaking (Harper & Row, 1989), and a novel (about Stanford China scholars) entitled The Mandarin Club, (Bancroft Press, 2006).