34th University of Otago Foreign Policy School 1999
The Global Economy: Continuity and Change
FPS Conference Timetable
Time / FridayJuly 2nd / Chair
7:30-? / UoO Pro-Chancellor / TBA
McKinnon
Time / Saturday
July 3rd / Chair
9:00-10:10 / Irwin / Rabel
10:10-10:40 / TEA
10:40-11:50 / Helliwell / TBA
11:50-1:00 / Mendelowitz
1:00-2:00 / LUNCH
2:00-3:10 / Deane / TBA
3:10-4:20 / Vautier
4:20-4:50 / TEA
4:50-6:00 / Robertson / Catley
Time / Sunday
July 4th / Chair
9:30-10:40 / Groser / Holmes
10:40-11:10 / TEA
11:10-12:20 / Moore
12:20-1:20 / LUNCH
1:20-2:30 / Sundakov / Poletti
2:30-3:40 / Kelsey
3:40-4:10 / TEA
4:10-5:30 / Panel / Patman
Time / Monday
July 5th / Chair
9:00-10:10 / Lane / TBA
10:10-10:40 / TEA
10:40-11:10 / Hazledine
UNIVERSITY OF OTAGO FOREIGN POLICY SCHOOL 1999
Participants, biographical sketches and paper outlines (where available)
Participant / Affiliation / FPS Role / Time / TitleDr. Rod DEANE / Telecom NZ / Speaker / 2:00pm
Sat 3/7 / ?
Mr. Tim GROSER / MFAT, NZ / Speaker / 9:30am
Sun 4/7 / ‘Multilateralism and Minilateralism: on a collision course? Or can trade policy practioners walk and chew gum at the same time?’
Prof. Tim HAZLEDINE / University of Auckland / Rapporteur / 10:40am
Mon 5/7 / --
Prof. John HELLIWELL / University of British Columbia, Canada / Speaker / 10:40am
Sat 3/7 / ‘The scope for national policies in a global economy’
Sir Frank HOLMES / NZ Institute of International Affairs, Wellington / Session Chair / -- / --
Prof. Doug IRWIN / Dartmouth College, USA / Speaker / 9:00am
Sat 3/7 / ‘Fin de siècle déjà vu: is globalization today really different than globalization a hundred years ago?’
Prof. Jane KELSEY / University of Auckland / Speaker / 2:30pm
Sun 4/7 / 'Polanyi revisited: globalisation and its contradictions in the new
millennium.'
Dr. Patrick LANE / The Economist newspaper, England / Speaker / 9:00am
Mon 5/7 / ‘The WTO’s dispute-settlement mechanism: cornerstone or Achilles’ heel?’
Dr. Allan MENDELOWITZ / Economic Strategy Institute, Washington DC / Speaker / 11:50am
Sat 3/7 / ‘It's a small world after all: the global economy in the networked age’
Rt. Hon Don MCKINNON / Minister of Foreign Affairs and Trade / Opening Address / 7:30pm
Fri 2/7 / --
Rt. Hon Mike MOORE / Opposition spokesperson on Foreign Affairs and Trade / Speaker / 11:10am
Sun 4/7 / ?
Prof. David ROBERTSON / Melbourne Business School, Australia / Speaker / 4:50am
Sat 3/7 / ‘Link issues and the new round’
Alex SUNDAKOV / Director, NZ Institute of Economic Research, Wellington / Speaker / 1:20am
Sun 4/7 / ‘Is there a future for international financial institutions?’
Kerrin VAUTIER / Research Economist, Auckland / Speaker / 3:10pm
Sat 3/7 / ‘Competition policies: multi-national approaches’
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UNIVERSITY OF OTAGO FOREIGN POLICY SCHOOL 1999 DEANE 1
ROD DEANE
Roderick Sheldon Deane, PhD, BCom (Hons), FCA, FCIM, FNZIM, is Chief Executive and Managing Director of Telecom New Zealand Limited.
He has a Ph.D and B.Coms (Hons) degrees in economics and is a Fellow of the New Zealand Society of Accountants, the Institute of Corporate Management and the New Zealand Institute of Management. He is Chairman of the ANZ Banking Group (New Zealand) Limited and a Director of the ANZ Banking Group Limited (Melbourne), and a Director of Fletcher Challenge Limited. He is on the Boards of the Centre for Independent Studies in Sydney and the Institute of Policy Studies at Victoria University of Wellington.
Amongst other positions, Dr Deane was previously Chief Executive of the Electricity Corporation of New Zealand Ltd. (1987-1992), Chairman of the State Service Commission (1986-87), Deputy Governor of the Reserve Bank of New Zealand (1982-86) and Alternative Executive Director of the International Monetary Fund.
He is also, jointly along with his wife Gillian, Patron of IHC New Zealand Inc and is a member of the IHC Board of Governance.
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UNIVERSITY OF OTAGO FOREIGN POLICY SCHOOL 1999 GROSER
TIM GROSER
Tim Groser, currently the Ministry of Foreign Affairs and Trade's Principal Economic Adviser, has had wide experience as a trade negotiator. Prior to being appointed as NZ Ambassador to Indonesia, Tim was NZ's Chief Negotiator in the GATT Uruguay Round and spent some 7 years of his professional life on the Uruguay Round.
Previously, and working originally out of the Treasury, Tim spent many years on developing the framework for our economic relationship with Australia, culminating in the CER negotiations.
Tim is also the principal author of the Government's Trade Policy Strategy and, in his individual capacity, acts from time to time as an independent consultant to the WTO on trade disputes - a 'panelist' in the jargon of the WTO.
‘Multilateralism and Minilateralism: on a collision course? Or can trade policy practioners walk and chew gum at the same time?’
‘Minilateralism’ defined: the bewildering proliferation of regional trade agreements. Is this undermining multilateral trade liberalisation?
Whatever happened to the much-vaunted scenario of the mid-1980s: the world dissolving into three trade blocs? Where should the pessimists on the rubber-chicken speaking circuit turn to now?
What are main drivers of trade liberalisation at this stage of the globalisation process? In an era of low tariff rates, have trade negotiators done themselves out of a job?
What are the main constraints: is the US ‘turning protectionist’? Is the bicycle theory of international trade - we can only move forwards or backwards and never stand still - real or constructive political ballast?
The practice of trade negotiation: why the General Agreement on Tariffs and Trade must be read backwards. The role of small countries and developing countries in trade policy. Suicide as a negotiating tactic - is it credible? - the empirical evidence.
NZ Trade Policy: Do we know what we are doing?
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UNIVERSITY OF OTAGO FOREIGN POLICY SCHOOL 1999 HAZLEDINE 1
TIM HAZLEDINE
Tim Hazledine has been Professor of Economics at Auckland University since 1992, when he returned to New Zealand after twenty years in Britain and Canada. He was born in Dunedin and educated at Otago and Canterbury Universities, before going to the University of Warwick, in England, to take his Ph D. He has taught at Warwick, Balliol College Oxford, Queen's University and the University of British Columbia, where he was a professor in the Agricultural Economics Department for eight years before coming back to NZ. He has worked in the public sector, for Agriculture Canada, in Ottawa, and at the Economic Council of Canada. Prof Hazledine has published widely on applied and policy issues, most recently his book Taking New Zealand Seriously: The Economics of Decency (HarperCollins, 1998).
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UNIVERSITY OF OTAGO FOREIGN POLICY SCHOOL 1999 HELLIWELL 1
JOHN F. HELLIWELL
O.C., B.Comm. (U.B.C.), M.A., D.Phil. (Oxon), D Litt (Guelph), F.R.S.C.
Professional experience
University of British Columbia: Professor of Economics since 1971 (Assoc. Prof. 1967-71), Head of Economics Department 1989-91.
Research Staff, Royal Commission on Banking and Finance 1962-63.
Research Staff, Royal Commission on Taxation 1963-64.
Lecturer, St. Peter's College, Oxford, 1964-65.
Research Fellow, Nuffield College, Oxford 1965-67.
Econometric Research Consultant, Bank of Canada 1965-80, and Reserve Banks of Australia and New Zealand, 1971 and 1977.
Visiting Fellow, Institute for International Economic Studies, Stockholm, 1979, 1983.
Senior Consultant, OECD, Paris 1983-84.
Managing Editor, Canadian Journal of Economics, 1979-82.
Chairman, Economic Advisory Panel to Federal Minister of Finance, 1982-84.
Research Associate, National Bureau of Economic Research, 1980-
President, Canadian Economics Association, 1985-86.
Clifford Clark Visiting Economist, Department of Finance, Ottawa, 1987-89.
Member, Social Sciences and Humanities Research Council of Canada, 1989-93.
Member, Royal Commission on National Passenger Transportation, 1989-92.
W. L. Mackenzie King Visiting Professor of Canadian Studies at Harvard, 1991-94
Member of international economic advisory group to Ukraine, 1994
Fulbright Fellow and co-chair of Canada Program, Harvard University, 1995-96
Main Interests in Economics
Quantitative macroeconomics, national and international
Comparative empirical studies of economic growth
International economics, including the effects of national borders
Taxation and monetary policy
Natural resources, energy and environmental issues
Economic effects of institutions, including social capital
Personal History
Born: Vancouver, August 15, 1937.
Educated: Prince of Wales High School, Vancouver, 1950-54.
University of British Columbia, 1954-59, Rhodes Scholar 1959.
St. John's College, Oxford, 1959-61 (PPE).
Sessional Lecturer, U.B.C., 1961-62. (economics)
Research Student, Nuffield College, Oxford, 1962-64. (D.Phil in Economics, 1965).
Married 1969 (Judith); with two sons, David (1972), James (1973).
John F. Helliwell studied at the University of British Columbia and Oxford University, and taught at Oxford before returning to UBC, which has been his base since 1967. His early research was mainly in applied macroeconomics, with special emphasis on energy and natural resource issues from the 1970s onwards. His main macroeconometric modelling projects have included the RDX1, RDX2 and MACE (=macro+energy) models of Canada, the INTERMOD model of the G7 and world economies, and contributions to the OECD's INTERLINK and other international models. He has also participated in Project LINK and the network for empirical research in international macroeconomics based at the Brookings Institution.
His recent research has emphasized comparative macroeconomics and growth, including especially the influence of openness and institutions. He is also involved in several interdisciplinary research projects involving the linkages among economic, social and human health, and especially on the determinants and consequences of different measures of social capital. He is also continuing his research evaluating and explaining the strikingly large importance of national borders.
From 1991 to 1994 he was Mackenzie King Visiting Professor of Canadian Studies at Harvard, and in 1995-96 was back at Harvard as a Fulbright Fellow. He is a Research Associate of the National Bureau of Economic Research, a Fellow of the Royal Society of Canada, and an Officer of the Order of Canada. His book for the Brookings Institution called "How Much Do National Borders Matter?" was published in August 1998.
‘The scope for national policies in a global economy’
Is there scope or need for national economic and social policies in today’s global economy? Many commentators have argued that national economies have disappeared, with their former powers and functions being usurped from the one side by the global economy and from the other side by cities and regions. Thus Kenichi Ohmae (1995) treats regional economies and multinational firms as the chief building blocks of the modern global economy. If this is true, then we would expect to find that national borders no longer mark separations in economic space.
This paper assesses the facts of the matter, searches for their implications for national economies, and considers the scope and need for local and national policies that provide a basis for balanced growth. This will be done in two main sections. The first will summarize the evidence and implications leading to the conclusion that there is still great scope and need for national policies. In some ways, increasingly open international markets pace even greater importance on the development of national policies to develop domestic institutions that are robust enough to deal with the consequences of international disturbances. The second section will consider some specific domestic policies that can help to support balanced growth. The range considered will be far broader than the usual list of economic policies, because there is increasing evidence that sustainable economic growth depends of a whole range of social and political institutions. The emphasis will be on those institutions that can help to support growth that is socially, politically and environmentally balanced, and thereby sustainable.
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UNIVERSITY OF OTAGO FOREIGN POLICY SCHOOL 1999 HOLMES
SIR FRANK HOLMES
Sir Frank Holmes is an Emeritus Professor at the Institute of Policy Studies at the Victoria University of Wellington, Chairman of the Hugo Group Ltd and National President of the New Zealand Institute of International Affairs. Sir Frank served in the Prime Minister's and External Affairs Departments from 1949 to 1952. Since then, at various times, at the Victoria University of Wellington, he was Macarthy Professor of Economics, Dean of the Faculty of Commerce and Administration, Professor of Money and Finance, Visiting Professor of Public Policy and Chairman and Visiting Fellow at the Institute of Policy Studies. At the IPS since the mid-1980s, both individually and with officers seconded to work with him from MFAT, he has written extensively on New Zealand's external relationships.
Sir Frank represented the NZIIA at Commonwealth Relations Conferences in 1954 and 1959 and was a British Commonwealth Fellow at Chatham House in 1957. In 1963-64, he was a Fulbright Fellow at the Brookings Institution, Washington DC. He has been an active participant since the 1960s in the Pacific Trade and Development Conferences (of which he is now a Senior Adviser) and in the PECC since its inception. As Chairman of the NZ Planning Council, he led the New Zealand delegation to an OECD Conference on Social Policy in 1981. He has participated in the activities of several business councils, notably the Australia-New Zealand Business Council (of which he was elected an Honorary Member), the Japan-New Zealand Business Council, the Asean-New Zealand Business Councils and PBEC. He was the first Chairman of the Asia 2000 Foundation (and appointed its first New
Zealand Honorary Adviser on his retirement).
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UNIVERSITY OF OTAGO FOREIGN POLICY SCHOOL 1999 IRWIN
DOUGLAS A. IRWIN
Ph.D. - Columbia University, 1988
B.A. - University of New Hampshire, 1984
Current Position:
Professor of Economics
Department of Economics
Dartmouth College
Hanover NH 03755
1997 – present
Previous experience:
Assistant and Associate Professor of Business Economics
Graduate School of Business
University of Chicago
Chicago, IL 60637
1991-1997
Economist
Division of International Finance
Board of Governors of the Federal Reserve System
Washington, D.C. 20551
1988-1991
Junior Staff Economist
Council of Economic Advisers
Executive Office of the President
Washington, D.C.
1986-87
Selected Publications
“Changes in U.S. Tariffs: The Role of Import Prices and Commercial Policies,” American Economic Review 88 (September 1998): 1015-1026.
“The Smoot-Hawley Tariff: A Quantitative Assessment,” Review of Economics and Statistics 80 (May 1998): 326-334.