w88 casino News Network (Contributed by China World w88 Organization Research Institute)10month27Japan, China and the United States, including five Nobel Prize winners in economics37Famous scholars jointly released the "Joint Initiative on Sino-US Economic and w88 Relations" in Shanghai. The joint initiative proposes a "four baskets" framework at the policy level, dividing policies into the "prohibition basket", which prohibits beggar-thy-neighbor policies; the "bilateral negotiation and coordination basket", which means that when Party A's policies cause losses to Party B but do not have the characteristics of beggar-thy-neighbor, the two countries can cancel these policies through negotiations; the "domestic adjustment basket" ", that is, when negotiations to cancel Party A's policy fail, Party A retains the policy, while allowing Party B to adjust domestic policies to mitigate the negative impact on the other party; "Multilateral governance basket", that is, when Party A's policy not only affects Party B, but also causes collateral damage to third countries, international rules and multilateral mechanisms are activated to control the situation.
Dean Tu Xinquan discussed this at this meetingWTOReform expressed his personal views. He pointed out at the meeting: First, the currentWTOReform faces many challenges, but these challenges are not the first time; secondly, multilateral mechanisms still serve the interests of the United States, and the United States will not withdraw in the short termWTO;Third, plurilateral negotiations are advancementWTOAn important path for reform, "sector-bundled" plurilateral negotiations are conducive to giving full play to each other's comparative advantages and making it easier to reach consensus; fourth, industrial policies will undergo historical evolution. With the continuous development of the economy, China's spillover industrial policies will be appropriately reduced, and the United States should not over-interpret China's industrial policies. The above-mentioned views of Dean Tu Xinquan are very feasible and have been unanimously recognized by the experts attending the meeting.
Attachment: List of scholars drafting the joint initiative:
1.Lin Yifu: Dean of the Institute of New Structural Economics at Peking University, Boya Chair Professor, and former chief economist of the World Bank
2.Yao Yang: Dean of the National w88 casino of Development at Peking University, Distinguished Boya Professor, Yangtze River Scholar
3.Lu Feng：Jinguang Chair Professor, National w88 casino of Development, Peking University
4.Ju Jiandong:United Nations Chair Professor at PBC w88 casino of Finance, Tsinghua University, Yangtze River Scholar, Director of the International Finance and Economics Research Center, National Institute of Financial Research, Tsinghua University
5.Eric Maskin:Adams University Professor at Harvard University, winner of the Nobel Prize in Economics
6.Dani Roderick：Professor of International Political Economy at Harvard University's Kennedy w88 casino of Government
7.Jeffrey Raymond:American president and law professor of NYU Shanghai
8.Robert Stegel:Russ Family Professor of Humanities and Sciences at Dartmouth College
9.Robert House:Nielsen Professor of International Law at New York University w88 casino of Law
10. Moredith Crowley:Lecturer in International Economics at Cambridge University
List of scholars who signed the joint initiative:
1.Philips Agion: Professor of Economics at Collège de France and London w88 casino of Economics
2.Kaushik Basu: Karl Marx Professor of Economics, Cornell University’s Karl Marx Chair in International Relations, former Chief Economist of the World Bank
3.Alan Deldorf:The John Sweetland Chair Professor of International Economics at the University of Michigan
4.Robert Engel:Michael Amilino Chair Professor of Finance at New York University, winner of the Nobel Prize in Economics
5.Fan Gang:Professor of Economics at Peking University and Graduate w88 casino of Chinese Academy of Social Sciences
6.Robert Frank:The Henrietta Lewis Professor of Management and Professor of Economics at Cornell University
7.Jaine Grossman:Jacob Werner Professor of International Economics at Princeton University
8.Gordon Hanson:Director, Center for Global Change, University of California, San Diego
9.Ann Harrison:Dean, Haas w88 casino of Business, University of California, Berkeley
10.Huamin:Former Director of the Institute of World Economics, Fudan University, Emeritus Professor of the w88 casino of Economics
11.Huang Yiping:Jinguang Chair Professor of Economics, National Institute of Development, Peking University
12.Kong Qingjiang:Professor of the w88 casino of International Law, China University of Political Science and Law
13.Kala Krishna:Liberal Professor of Economics at Pennsylvania State University
14.Edmond Phelps: Director of the Center for Capitalism and Society at Columbia University and winner of the Nobel Prize in Economics
15.Sonia Rowland: Professor of Law, Master of Laws and Director of International Programs at Northwestern University w88 casino of Law
16.Alvaro Santos:Professor of Law at Georgetown University, Director of the Center for the Development of the Rule of Law in the Americas
17.Gregory Schafer:President’s Professor of Law, University of California, Irvine
18.Anne-Marie Slaughter:CEO of New America Think Tank
19.Michael Spencer:William Berkeley Chair Professor of Economics and Business at New York University, Nobel Prize winner in Economics
20.Joseph Stiglitz:Columbia University professor, Nobel Prize winner in Economics
21.Santel Thomas:Professor of Law, Cornell University, Director of the Clark Middle East and North Africa Law and Development Program
22.Michael Tebilcock:Distinguished University Professor of Law, University of Toronto
23.David Tuback:Professor of Law and Dean Emeritus of International Studies Program at the University of Wisconsin
24.Tu Xinquan:Professor and Dean of China World w88 Organization Research Institute, w88 casino
25.Yu Yongding:Member of the Chinese Academy of Social Sciences, Researcher of the Institute of World Economics and Politics
26.Zhang Jun:Professor and Dean of w88 casino of Economics, Fudan University
27.Zhang Xiaojing:Researcher and Deputy Director of the Institute of Economics, Chinese Academy of Social Sciences
