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Exploring a New Global Governance in the Changing Geopolitical Dynamics

Exploring a New Global Governance in the Changing Geopolitical Dynamics
The course will explore a new global governance amid changing geopolitical dynamics.

We are living amid the unprecedented change of the global order we got so accustomed to for so long time since the end of the second world war

The three fundamental risks we face today are;

First is the heightened geopolitical challenges. The US-China geopolitical rivalries expand to high-tech competitions for AI, Quantum Computing and Space Exploration, with semiconductors at the core of the competitions. The tensions between the superpowers have huge implications on supply chains resilience and business strategies of global companies. The Ukraine crisis heightened risks globally and in Europe in particular. It has an significant impact on the energy security and the road toward carbon-neutrality. The Ukraine crisis also revealed division between developed countries represented by G7 and emerging countries such as India and Indonesia and presented to us the critical questions on how we reconstruct a new global governance in the changing global landscape and power shift.

Second is the existential crisis. Achieving net-zero carbon economy and society is common goal for every country but strategies for achieving the carbon neutral goal differ depending on specific situations of each country. The realistic roadmaps to facilitate energy transition toward the net-zero are required. The Pandemic also reminded us of the importance of improving public health. In this context, global and regional cooperation are urgently required.

Third is macroeconomic instabilities. The supply chains shock caused by the Pandemic and geopolitical tensions called back inflationary pressures we have not experienced for a long time due to the success of the “Globalization Project”. Governments. Central banks and businesses need to be prepared for the new economic realities.

In these new global environments, in order to survive, we need to have acute sense and intelligence of what are happening in the globe and read signs emerging on the horizon. We also need historical perspectives in looking at day-to-day events.

The course will look into a variety of aspects of global political economy, including US-China tension, the Ukraine crisis, energy security and energy transitions toward carbon-neutral, changing power balance in the Indo-Pacific, entanglement of economic security with economic interdependence, free trade and the international trading system, and governance of digital economy.

The course will also discuss how middle powers in the Indo-Pacific such as Japan, Australia, ROK and South-East Asian nations are reacting to the changing geopolitical environments in the region.

It will also try to understand how business are transforming their global operations and promoting innovation to respond to the heightened geopolitical tension, supply chain risks and eminent common challenges such as climate change.

The objective of the course is to help participants understand and analyze issues relevant to the today’s world in the geopolitical perspectives. For this purpose, I will invite top class experts on each issue from around the world.

I presume the participants interested in this course aspire to chart their own professional careers in public service, international organizations, academia or global business and start-ups. My hope is to navigate the participants to think through their own choice for the future and prepare them with the basic perspectives.
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Exploring a New Global Governance in the Changing Geopolitical Dynamics
渡辺 哲也
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[April 7] Overview: The end of globalization? - Changing geopolitical dynamics Prof. Tetsuya Watanabe, Special Advisor to the President, ERIA (Economic Research Institute for ASEAN and East Asia), the former Special Advisor to the Minister of Economy, Trade and Industry [April 14] Comprehensive economic security and the role of multilateralism Dr. Shiro Armstrong, Associate Professor, Crawford School of Public Policy, Australian National University; Director, Australia-Japan Research Centre; Director, East Asian Bureau of Economic Research, University of Australia [April 21] Energy security Mr. Nobuo Tanaka, former Executive Director, the International Energy Agency (IEA) [April 28] ASEAN perspectives in the changing geopolitical dynamics Ambassador Bilahari Kausikan, former Permanent Secretary, the Ministry of Foreign Affairs, Singapore [May 12] Comprehensive Asia Development Plan: Facilitating physical connectivity, digital innovation and sustainable economy in Asia Dr. Keita Oikawa, Senior Researcher, ERIA (Economic Research Institute for ASEAN and East Asia) [May 19] North East Asia economic cooperation Dr. Denise Eby Konan, Dean, College of Social Sciences, Department of Economics, University of Hawaii at Mānoa, President, Northeast Asia Economic Forum [May 26] Global risks and emerging risk management Mr. Tomoshiro Hamura, Risk Management Office, Recruit Co., Ltd. [June 2] Global business perspectives Mr. Jun Yamada, former CEO, Qualcomm Japan [June 9] Zero carbonomics -How will decarbonization reshape the landscape of global economy? Mr. Shinichiro Takiguchi, Senior Specialist, The Japan Research Institute, Limited, MBA (Energy Finance), The University of Texas at Austin [June 16] Presentations by the participants (1) [June 23] Geopolitics of macro-economic policy Mr. Hiroyuki Nishimura, Member of the Editorial Board of the Nikkei [June 30] International legal practice: Supply chain & non-trade issues(carbon, security and human rights)​ Mr. Kojiro Fujii, Partner, Nishimura & Asahi​ [July 7] Presentations by the participants (2) & Wrap-up
Each session will start with the briefing by the lecture or a guest lecturer, followed by interactive discussion with the participants. For participants to prepare for their own professional careers, presentation skills are equally indispensable as with analytical and writing capabilities. Participants are encouraged to express and assert his or her own perspectives on each topic during the session. Silence will be judged as absence. I will also allocate the final sessions for the presentations by the participants.
Evaluate the contributions to the discussions throughout the course and presentations in the final sessions.
To be informed as necessary. Participants are encouraged to daily read Financial Times, The Wall Street Journal, The Economist and Nikkei Asia. It is not a requirement but will help the participants find and shape their own perspectives.
To be informed as necessary.
Sessions will be conducted in English. Both Japanese and foreign students are welcome.