What’s New

http://irpp.org/research-studies/policy-horizons-2015-11-17/ The Future of Canada’s Relationship with China; with Paul Evans; November, 2015

China’s State-owned Enterprises and Canada’s FDI Policy; Wendy Dobson; March, 2014

Financial Development and Cooperation in Asia and the Pacific, May 2014. Co-edited with Edward K.Y. Chen. London: Routledge.

Partners and Rivals: The Uneasy Future of China’s Relationship with the United States; Wendy K. Dobson; University of Toronto Press; 2013

Human Capital Formation and Economic Growth in Asia and the Pacific, May 2013. (Editor) London: Routledge.

“Asia in Global Economic Governmance,”  April 2012.

Canada, China and Rising Asia: A Strategic Proposal. Sponsored by The Canadian Council of Chief Executives and The Canada China Business Council. October 19, 2011.

Gravity Shift receives recognition in China: Ya Zhou Xin Shi Li was awarded the Annual Best Book in Finance and Economics of 2010 Hexun Grand Award of Finance and Economics Books (2010 hexun huawen caijing tushu dajiang, niandu zuijia caijing tushu) by HeXun.com, a leading finance website in China. For awards ceremony see http://book.hexun.com/2011-02-18/127412156.html.

“History Matters: China and Global Governance.” Paper presented at PAFTAD 34:  China’s Role in the World Economy, Beijing, December 8, 2010.

“Sustaining Global Growth.” First chapter in the Pacific Economic Cooperation Council’s (PECC) State of the Region 2010-2011. Analyzes rebalancing priorities in the Asia-Pacific region. Published in Singapore, November 2010.

“Canada must tap into growth of the developing world,” by Deborah Yedlin, Calgary Herald, November 10, 2010.

“Where Will India’s Young People Find Work?” The Globalist, November 9, 2010.

“Catch 22 for the G20?” East Asia Forum, November 10, 2010.

“Asia’s Experience with Exchange Rate Regimes,” Paper presented at KOPEC Seminar on Rebalancing Asian Growth, Seoul, October 4, 2010.

“Rebalancing Global Growth:  The G20’s Difficult Challenge” German Marshall Fund of the United States, July 27, 2010.

“The G20 after Toronto: Now for the hard part,”  East Asia Forum, July 3rd, 2010.

“The G8/G20 in Canada – what can we expect?”  East Asia Forum, June 24, 2010.

“Prospects and Challenges for the Global Economy:  From Recession to Recovery (Remarks to G20 Seminar on Themes and Priorities for 2010 Summits)”,  March 17, 2010.

National Business Book Award Finalist for Gravity Shift. May 11, 2010.

“Gravity Shift: Thinking about China and India in 2030.” Canada-Asia Agenda, Issue 5, Asia Pacific Foundation, November 30, 2009.

“Why the Shift of Economic Gravity to Asia is not a Power Shift.” The Globalist, October 21, 2009.

Gravity Shift: How Asia’s New Economic Powerhouses will Shape the Twenty-First Century (Toronto: University of Toronto Press, September 2009).

BOOK SYNOPSIS: The rapid growth, diversity and strategic importance of the emerging Chinese and Indian economies have fired the world’s imagination with both hopes and fears for the future. Wendy Dobson’s perceptive analysis of changing institutions, demographics, and politics paints a thoughtful and surprising picture of India and China as economic powerhouses in the year 2030. Examining past events and current trends, Gravity Shift offers bold predictions of the changes we can expect in key economic and political institutions in China and India, changes that will inform and shape tomorrow’s business decisions. Dobson’s work anticipates that by 2030, China’s economy will be larger than those of the United States, India, and Japan, though its population will be ageing and its growth slowing. India will also come into its own, making major strides in modernizing its vast rural population, vanquishing illiteracy, and emerging as an innovative manufacturing powerhouse. A China-India free trade agreement could well become the foundation of a cooperative Asian economic community. As the world re-evaluates business practices in the wake of the global economic crisis, Gravity Shift provides a clear vision of how India and China will reshape the Asian region, to inform and transform global economic institutions

“The Financial Crisis and East Asia.” East Asia Forum, July 26, 2009.

“A Window of Opportunity Opens? Asian and US Views of the International Financial Architecture.” published in Asian Economic Policy Review 4 (2, 2009).

 ABSTRACT: This paper compares US and Asian views of the international economic architecture including Asia’s evolving regional institutions. Lessons from the global financial crisis are used to assess reforms of the financial institutions better to prevent and manage future crises. While G20 leaders have increased the resources of the International Monetary Fund much work remains to restore its legitimacy and independence and to define clearly the Financial Stability Board’s mandate to strengthen financial oversight and regulation. The paper critiques proposals for a global super-regulator and concludes that while the global architecture is important, the tests of its success will be fewer government actions to self-insure and the willingness to heed warnings of future problems and take timely corrective actions.

“China’s Integration into the Global Financial System” (with Paul Masson and Robert Lafrance). Bank of Canada Review. August, 2008.

ABSTRACT: Despite its importance as an investment destination and major exporting country, china is considerably less integrated into the global financial system than might be expected. The lack of integration stems in part from China’s focus on its domestic goals of balancing growth and stability while it transforms and modernizes its economy. Substantially more financial integration can be expected in coming decades, however, as China invests more abroad, develops its domestic financial system, makes its exchange rate more flexible, and further relaxes its capital controls.

 “Will the Renminbi become a World Currency?” (with Paul R. Masson). Final draft. Edited version appears in China Economic Review 20 (1, 2009): 124-135.

ABSTRACT: China has emerged as a major power in the world economy, so it seems natural to consider whether its currency will also have a major role. At present the renminbi is not used internationally.We look at the factors that contribute to the international use of currencies, and focus on the aspects of China’s financial system that would have to change before the renminbi emerged as an important regional or world currency. Even with significant reforms, two questions would remain: whether the authorities  would want to encourage its international use, and whether an economy with substantial party control could gain international acceptance for its currency.