May 3, 2018

The Way Forward on Global Trade Imbalances

In recent decades, free trade and globalization have been central to growing welfare and reduced poverty in many emerging markets, including in Asia. There is a growing focus on trade imbalances around the world, including in Asia, reflecting in part a re-think on the benefits versus costs of globalization. The luncheon seminar examined the substantial progress that has been achieved since the early 2000s in addressing global imbalances and exchange rate misalignments. It used that perspective to examine rising populism and protectionism around the world and examine what steps, if any, need to be taken to further rebalance global trade, promote equitable economic development around the world, and assess the fallout for economies in Asia .

The session was in a panel format, featuring well-established voices from the region and speakers from the US to give that perspective.

For additional information, please contact Lim Poh Choo (


  • Taimur Baig, Managing Director and Chief Economist, DBS Bank
  • Diwa C. Guinigundo, Deputy Governor, Monetary Stability Sector, Bangko Sentral ng Pilipinas
  • Cyn-Young Park, Director, Regional Cooperation and Integration Division, Economics Research and Regional Cooperation Department, Asian Development Bank.
  • Markus Rodlauer, Deputy Director, Asia and Pacific Department, International Monetary Fund
  • Sinthya Roesly, Chairwoman concurrently Executive Director, Indonesia Eximbank 
  • Reza Y. Siregar, Chief Representative and Senior Economist, Singapore Office, Institute of International Finance (moderator)