The Penang in Asia Lecture Series:
“Lessons from the Financial Crisis for the Future of Asia”
By Professor Kiyohiko Nishimura
Officiated by YAB Lim Guan Eng, Chief Minister of Penang
17 March 2014 (Monday), 2.00 pm- 4.00 pm, Hall Theatre 2, Level 5, Wawasan Open University, Penang
Kindly register here. An email confirmation will be sent out on 14th March 2014.
Penang Institute, the public policy think tank of the state government of Penang is proud to present our next the Penang in Asia Lecture series entitled “Lessons from the Financial Crisis for the future of Asia”. This coming lecture will be delivered by Professor Kiyohiko Nishimura, Dean of Faculty of Economics, University of Tokyo and former Deputy Governor of the Bank of Japan on 17 March 2014 at Wawasan Open University, Penang.
The Penang in Asia Lecture series is a lectureship awarded under the patronage of His Excellency the Governor of Penang. It is organised by Penang Institute to bring together renowned scholars, public intellectuals and thinkers from diverse fields to Penang and speak about issues relevant to cultural, intellectual and economic development of Penang as an historical and future growth centre in Asia. The previous Penang in Asia lectures were delivered by Nobel Laureate Professor Sir James Alexander Mirrlees, Contemporary Islamic Intellectual Professor Tariq Ramadan, world-renowned economist Professor Jeffrey D. Sachs and Dr. Rajendra Kumar Pachauri, the Chair of the 2007 Nobel Peace Prize.
Professor Nishimura’s lecture will touch on lessons from the experience of the Developed Economies in the past two decades of the unprecedented boom and bust, and explain their implications for the future of Asian economies. It identifies three long-run changes (“tectonic” shifts) which will have profound impacts in the Asian economies, as well as other emerging economies. First, current rising property prices may not be sustainable and pose a serious problem in the future. Second, the Asian population is ageing rapidly so that there will be many more old people to support. Third, information and communication technology is changing the workplace in a way implies much fewer decent (stable career) jobs for the young.
Professor Kiyohiko Nishimura, Dean of Faculty of Economics, University of Tokyo
Prof. Kiyohiko Nishimura is a world-renowned macroeconomic theorist, and a leading analyst of the Japanese economy. He is now the Dean of the Faculty of Economics at the University of Tokyo, and, before that, was the Deputy Governor of the Bank of Japan where he also became a member of the bank’s policy board. He received his undergraduate education at the University of Tokyo, and his graduate training at Yale University.
Books authored by him include “Imperfect Competition, Differential Information and Microfoundations of Microeconomics”, Macroeconomic of “Price Revolution” and “The Grief of a Prairie Dog” Among the distinguished awards won by Prof. Kiyohiko are “The Nikkei (Keizai Tosho Bunka) Prize”, “The Japan Economist’s Prize” as well as the renowned “JEA-Nakahara Prize” by the Japanese Economic Association”.
Prof. Dato’ Dr. Woo Wing Thye, Distinguished Fellow, Penang Institute
Prof. Woo specializes in the macroeconomic management of open economics, and the East Asian economies. His current research focuses on the middle-income trap in Malaysia, sustainable economic growth in China and Indonesia and the liveability of cities.
1.30 pm Registration
2.00 pm Welcoming address by YB Zairil Khir Johari, CEO, Penang Institute
2.05 pm Opening Speech by YAB Lim Guan Eng, Chief Minister of Penang
2.20 pm Lecture by Professor Kiyohiko Nishimura, Dean of Economics Faculty, University of
Tokyo and former Deputy Governor of the Bank of Japan
3.00 pm Questions and Answers
4.00 pm Adjournment
Kindly register here. Due to limited seating, please remember to register early. An email confirmation will be sent out by 5.00 pm, 14th March 2014.
For further enquiries, please contact Ms Kanchana at 04- 228 3306 ext 204.