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Skip to Content Japanese English Chinese About RIETI Site Map Help Contact Discussion Papers Search Site Search Menu Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows According to Title Alphabetical order RIETI Alumni Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) Research Areas Fellows Research/Policy Papers Publications Events Data Articles Site Map Technical Issues Coontact Discussion Papers Search Close HomeEventsSymposiums IEA-METI-RIETI Conference New Thinking on Industrial Policy (Handouts and Video) Print Program Handouts and Video Summary Information Time and Date: 12:00pm-3:00pm (GMT) / 9:00pm-12:00am (JST) / 7:00am-10:00am (CDT) / 8:00am-11:00am (EDT), Friday, June 10, 2022 Hosts: Research Institute of Economy, Trade and Industry (RIETI) / Ministry of Economy, Trade and Industry (METI) / International Economic Association (IEA) Conference Report [PDF:5.6MB] Video (YouTube) OPENING REMARKS KEYNOTE SPEECH PRESENTATIONS and DISCUSSIONS PANEL DISCUSSION / CLOSING REMARK Purpose of Use of Collected Personal Information Handouts OPENING REMARKS HAGIUDA Koichi (Minister of Economy, Trade and Industry, METI, Japan) Dani RODRIK (President, IEA) Bio Dani Rodrik is the Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government. He is a co-director of the Economics for Inclusive Prosperity (EfIP) network and president of the IEA. He is affiliated with the National Bureau of Economic Research and the Centre for Economic Policy Research (London) among other research organizations.His research focuses on globalization, economic growth and development, and political economy. He is the recipient of numerous awards, including the inaugural Albert O. Hirschman Prize of the Social Science Research Council and the Princess of Asturias Award for Social Sciences. He was included in Prospect magazine's World's Top 50 Thinkers list (2019) and in Politico magazine's 50 list (2017).He is the author of Straight Talk on Trade: Ideas for a Sane World Economy (2017). The book was awarded the George S. Eccles Prize for Excellence in Economic Writing by the Columbia Business School in 2019. He is also the author of Economics Rules: The Rights and Wrongs of the Dismal Science (2015) and The Globalization Paradox: Democracy and the Future of the World Economy (2011).He holds a Ph.D. in economics and an MPA from Princeton University, and an A.B. from Harvard College. Close KEYNOTE SPEECH: The Role of Industrial Policy in the New Era Joseph STIGLITZ (Columbia University, US) Bio Joseph E. Stiglitz is an American economist and a professor at Columbia University.He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute.Stiglitz was awarded the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal in 1979. He is a former senior vice president and chief economist of the World Bank and a former chairman of the U.S. Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. In 2011 he was named by Time magazine as one of the 100 most influential people in the world.Known for his pioneering work on asymmetric information, Stiglitz's research focuses on income distribution, climate change, corporate governance, public policy, macroeconomics and globalization.He is the author of numerous books including, most recently, People, Power, and Profits, Rewriting the Rules of the European Economy, and Globalization and Its Discontents Revisited. Close LATEST DEVELOPMENT ON INDUSTRIAL POLICIES (presentations and discussions) SESSION1: PRESENTATIONS FROM GOVERNMENT OFFICIALS Chair Dani RODRIK (President, IEA) Speakers HIRAI Hirohide (METI, Japan) Presentation [PDF:310KB] Bio HIRAI Hirohide is Director-General of Economic and Industrial Policy Bureau of METI, Japan. He graduated from the University of Tokyo and joined Ministry of International Trade and Industry (MITI), the predecessor organization of METI in 1987.Prior to his current position, he experienced various important positions in METI and related organizations including Director-General, Commerce and Information Policy Bureau (2020.7- 2021.6), Deputy Commissioner of Agency for Natural Resources and Energy (2019.7–2020.6), and Councillor of Bureau for Japan’s Economic Revitalization, Cabinet Secretariat (2018.7-2019.6). Close Donna LEONG (Department for Business, Energy and Industrial Strategy (BEIS), UK) Presentation [PDF:797KB] Bio Donna is the Director of Analysis at BEIS. An experienced senior civil service leader and economist, Donna has previously worked at the Office for National Statistics, HM Treasury and the NZ Treasury. She has a MSc in Economics from LSE. Close Discussants Gordon HANSON (Harvard University, US) Bio Gordon Hanson is the Peter Wertheim Professor in Urban Policy at Harvard Kennedy School. He is also Chair of the Social and Urban Policy Area at HKS, a research associate at the National Bureau of Economic Research, and a member of the Council on Foreign Relations. He is past co-editor of the Journal of Economic Perspectives, the Review of Economics and Statistics, and the Journal of Development Economics. Hanson received his PhD in economics from MIT in 1992 and his BA in economics from Occidental College in 1986.Prior to joining Harvard in 2020, he held the Pacific Economic Cooperation Chair in International Economic Relations at UC San Diego, where he was founding director of the Center on Global Transformation. Hanson previously served on the economics faculties of the University of Michigan and the University of Texas.In his scholarship, Hanson studies the labor market consequences of globalization. He has published extensively in top economics journals, is widely cited for his research by scholars from across the social sciences and is frequently quoted in major media outlets. Hanson’s current research addresses how the China trade shock has affected US local labor markets, the causes and consequences of international migration, and the origins of regional economic divides. Close Charles SABEL (Columbia University, US) Bio Charles Sabel is the Maurice T. Moore Professor of Law at Columbia Law School.Previously, he was Ford International Professor of Social Science at MIT. His undergraduate degree is in social studies, and his graduate degree is in government, both from Harvard University. His earlier work focused on the crisis of mass production and its implications for the regulation of markets and the macroeconomy. His more recent work develops pragmatist ideas into a general conception of democratic experimentalism, with particular attention to regulation, the provision of complex social services, and contracting under uncertainty.Sabel's current projects include the elaboration of experimentalist or incremental solutions to apparently global problems such as trade and climate change; an investigation of the current transformation of U.S. administrative law in the face of uncertainty; and new models of economic development emerging with the spread of advanced techniques of “industrial” production to all sectors of the economy in the context of globalization. Close SESSION2: PRESENTATIONS FROM ACADEMIC RESEARCHERS Chair WATANABE Tetsuya (Vice President, RIETI, Japan) Bio Vice President/Chief EBPM OfficerSpecial Advisor to the Minister, METIVisiting Professor, Graduate School of Public Policy, The University of TokyoVisiting Professor, Graduate Course for Data Science and Industrial Policy, Juntendo University Profile Close Speakers Austan GOOLSBEE (The University of Chicago, US) Bio Austan D. Goolsbee is the Robert P. Gwinn Professor of Economics at The University of Chicago.He previously served in Washington as the Chairman of the Council of Economic Advisers and a member of the President's cabinet.His research interests are the Internet, the new economy, government policy, and taxes. His research has earned him recognition as a Fulbright Scholar and an Alfred P. Sloan fellow.Goolsbee serves on the Economic Advisory Panel to the Federal Reserve Bank of New York and has previously served on the Panel of Economic Advisors to the Congressional Budget Office, the U.S. Census Advisory Commission and as a special consultant for Internet Policy to the Antitrust Division of the Department of Justice. Close Josh LERNER (Harvard University, US) Presentation [PDF:1.2MB] Bio Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard business School.He graduated from Yale College with a special divisional major. He worked for several years on issues concerning technological innovation and public policy at the Brookings Institution, for a public-private task force in Chicago, and on Capitol Hill. He then earned a Ph.D. from Harvard's Economics Department.Much of his research focuses on venture capital and private equity organizations.He also examines policies on innovation and how they impact firm strategies. He co-directs the National Bureau of Economic Research’s Productivity, Innovation, and Entrepreneurship Program and serves as co-editor of their publication, Innovation Policy and the Economy. He founded and runs the Private Capital Research Institute, a nonprofit devoted to encouraging access to data and research, and has been a frequent leader of and participant in the World Economic Forum projects and events.He is the winner of the Swedish government’s Global Entrepreneurship Research Award and Cheng Siwei Award for Venture Capital Research. Close Discussants Philipp STEINBERG (BMWK, Germany) Bio Dr. Philipp Steinberg studied law and political economy, as well as taxation, in Berlin, Münster and Paris, receiving his doctorate in 2001. In addition to the 1st and 2nd state examinations in law, he holds a Licence d'Etat Francais and an MBA.After working in a large law firm, he was employed in the Federal Ministry of Finance, as well as the party executive of the Social Democratic Party of Germany.In 2013, he moved to the Federal Ministry of Economic Affairs and Climate Action as a sub-department head, and since 2016 he is Director General of the Economic Policy department. Close TOMIURA Eiichi (Faculty Fellow, RIETI / Hitotsubashi University, Japan) Presentation [PDF:204KB] Bio TOMIURA Eiichi is a Professor at the Faculty of Economics, Hitotsubashi University and a Faculty Fellow and Program Director at RIETI. Prior to his current position, he was forfmerly Dean, College of Economics at Yokohama National University, and served as a councillor of Hitotsubashi University. He was also served for Ministry of International Trade and Industry (MITI), Government of Japan till 2000.He earned his Ph.D. in Economics from the Massachusetts Institute of Technology in 1992 and his B.A. in Economics from University of Tokyo in 1984. His research expertise is in empirical international trade, especially offshore outsourcing with firm-level data. His articles have been published in many journals including Journal of International Economies, Review of International Economics, and Regional Science and Urban Economics. He has received Economist Award, Nikkei Prize, and Kojima Kiyoshi Prize in Japan. Profile Close ACTIONS FOR ACHIEVING THE PURPOSE OF THE FORUM (panel discussion) Chair Ufuk AKCIGIT (IEA) Bio Ufuk Akcigit is the Arnold C. Harberger Professor of Economics at the University of Chicago. He is an elected Research Associate at the National Bureau of Economic Research, Center for Economic Policy Research, and the Center for Economic Studies, and a Distinguished Research Fellow at Koc University. He has received a BA in economics at Koc University, 2003, and Ph.D. in economics at Massachusetts Institute of Technology in 2009.As a macroeconomist, Akcigit’s research centers on economic growth, technological creativity, innovation, entrepreneurship, productivity, and firm dynamics. His research has been repeatedly published in the top economics journals, cited by numerous policy reports, and the popular media.The contributions of Akcigit’s research has been recognized by the National Science Foundation with the CAREER Grant (NSF's most prestigious awards in support of early-career faculty), Kaufmann Foundation's Junior Faculty Grant, and Kiel Institute Excellence Award, among many other institutions.In 2019, Akcigit was named the winner of the Max Plank-Humboldt Research Award (endowed with 1.5 million euros and aimed at scientists with outstanding future potential). In 2021, Akcigit was awarded the prestigious Guggenheim Fellowship and was named a Fellow of the Econometric Society.In 2022, he received the Sakip Sabanci International Research Award and Kiel Institute’s Global Economy Prize. Close Speakers Carol CORRADO (The Conference Board, US) Bio Carol Corrado is Distinguished Principal Research Fellow at The Conference Board, Senior Policy Scholar at the Center for Business and Public Policy, McDonough School of Business, Georgetown University, and Fellow at the National Institute for Economic and Social Research in the UK. Corrado’s primary research focus is measuring and analyzing intangible capital and digital innovation and their contributions to economic growth.Corrado has authored multiple papers on the role of intangible investment and capital in modern economies, including one that won the International Association of Research on Income and Wealth’s 2010 Kendrick Prize. Recent work addresses the measurement of prices for IT investment goods, data as an asset, consumer digital services, and education services.An essay on re-imagining GDP that she co-authored won the Indigo Prize in 2017.She chaired the American Statistical Association (ASA) Business and Economics Section in 2014 and received the ASA’s prestigious Julius Shiskin Award for Economic Statistics in 2003 and a Special Achievement Award from the Federal Reserve Board in 1998 for her contributions to measuring hightech prices and industrial capacity.Corrado holds a PhD in economics from the University of Pennsylvania and a BS in management science from Carnegie-Mellon University. Close Chiara CRISCUOLO (OECD) Bio Chiara Criscuolo, an Italian national, is Head of the Productivity, Innovation and Entrepreneurship Division in the Directorate for Science, Technology and Innovation at the OECD. Mainly, her work focuses on entrepreneurship, enterprise dynamics, productivity and policy evaluation. In this realm, she has coordinated large cross-country microdata projects on employment dynamics, productivity, as well as research and development.Chiara has played a lead role in advancing the use of firm level data and of microdata projects within the OECD. She has contributed to key horizontal and high level projects and publications, including the OECD volumes “Future of Productivity”, “New sources of growth: Knowledge Based capital”, and the “OECD Innovation Strategy”. She co-manages the Global Forum on Productivity is also a member of the French and Portuguese National Productivity Boards.Ahead of joining the OECD, Chiara received her doctoral degree in Economics from University College London and held academic appointments at the University of Siena, City University and the University of Cambridge, in addition to the London School of Economics. Close Piero GHEZZI (Former Minister of Production, Peru) Bio International expert in economic development and informality. Former Minister of Production of Peru (February 2014 - July 2016) from where he proposed and implemented the "Mesas Ejecutivas", a methodology to apply policies of productive development through public-private collaboration. He was World Head of Economic Studies and Head of Research in Emerging Markets at Barclays Capital in London, and head of Research and Strategy for Latin America, as well as executive director and head of Foreign Debt Strategy for Emerging Markets at Deutsche Bank in New York (1999 to 2007). He was an assistant professor in the Department of Economics at the University Johns Hopkins in Baltimore, USA. He has a doctorate in Economics from the University of California at Berkeley, and has a Certificate of Advanced Studies (ASC) in International Economic Policy at the Kiel Institute for World Economy, Germany.He has written many books: "Qué se puede hacer con el Perú: ideas para sostener el crecimiento económico en el largo plazo" (What can be done with Peru: ideas to sustain economic growth in the long term) in 2013 - coauthored with José Gallardo Ku -, "Logros y desafíos de la diversificación productiva en el Perú" (Achievements and challenges of productive diversification in Peru) in 2016, and "El Estado productivo: una apuesta para reconstruir la relación entre mercado y Estado en el Perú de la pospandemia" (The productive State: a proposal to rebuild the relationship between market and State in post-pandemic Peru in 2021. He also regularly contributes with chapters for books and public academic articles. Close HAMAGUCHI Nobuaki (Faculty Fellow, RIETI / Kobe University, Japan) Presentation [PDF:163KB] Bio HAMAGUCHI Nobuaki is a Professor and former Director of Research Institute for Economics and Business Administration (RIEB) at Kobe University, and a Faculty Fellow and Program Director at RIETI. Previously, he was a researcher of Institute of Developing Economies (current Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO)).His research areas are Regional Integration and Spatial Economics, and mainly focus on Japan, Latin America and East Asia. He is a member of Applied Regional Science Conference (ARSC) and Regional Science Association International (RSAI).He received his B.A. degree in Brazilian Studies from Osaka University of Foreign Studies, and received his M.A. and Ph.D. degrees in Regional Science from University of Pennsylvania. Profile Close HIRAI Hirohide (METI, Japan) OPENING REMARKS YANO Makoto (Chairman, RIETI, Japan) Bio Yano received a BA from the University of Tokyo and a Ph.D. in economics from the University of Rochester. He taught at number of universities, including Cornell University, Yokohama National University, Keio University and Kyoto University before joining RIETI as President and CRO in 2016, and became Chairman in 2020.He was also Chair of Institute of Economic Research in Kyoto University from 2010 to 2012, and President of the Japanese Economic Association from 2008 to 2009. 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