Changing Global Financial and Trading Systems and Asia

*The articles in this journal can be purchased at Wiley Online Library.

Summary of this issue

 While countries like China enjoy their continued fast economic growth and increase their presence in world economy, both U.S. and European countries are starting to focus more on disadvantages of globalization. There is a growing concern that President Trump’s protectionist policies such as withdrawing from TPP, threatening to leave NAFTA, hiking tariffs may lead to a trade war. These US actions and uncertainty over “After Brexit” are risks to other countries. Under these circumstances, this issue of AEPR discusses international financial architecture, the future of East Asia’s trade, instability in Europe, the impact of Trump’s policies, and China’s development finance.

Articles in this issue

Editors’ Overview
　Takatoshi ITO (Columbia University)
　Kazumasa IWATA (Japan Center for Economic Research)
　Colin MCKENZIE (Keio University)
　Shujiro URATA (Waseda University)

Changing International Financial Architecture: Growing Chinese Influence?
　Takatoshi ITO (Columbia University)

The Future of East Asia’s Trade: A Call for Better Globalization
　Mari PANGESTU (University of Indonesia)
　Lili Yan ING (Ministry of Trade of Indonesia)
　Gracia HADIWIDJAJA (Economic Research Institute for ASEAN and East Asia (ERIA))

Instability in Europe and Its Impact on Asia
　Sahoko KAJI (Keio University)

US Trade Policy in the Trump Administration
　Marcus NOLAND (Peterson Institute for International Economics and the East‐West Center)

Is China’s Development Finance a Challenge to the International Order?
　David DOLLAR (Brookings Institution)