Yin Xiaopeng │ Welfare Analysis of the "Result - Oriented Trade Policy" in the Era of Anti - globali
On the afternoon of December 7, 2018, the second sub - session of the "International Conference on International Trade Relations and Reforms in Global Economic Governance" jointly organized by the Center for International Finance and Economics Research (CIFER) of the National Institute of Financial Research at Tsinghua University and the Center for Monetary Policy Research, namely the sub - forum on "International Trade Frictions and Industrial Development", was successfully held at Tsinghua University. Professor Yin Xiaopeng, the executive deputy dean of the Global Value Chain Research Institute at the University of International Business and Economics and the director of the Department of International Trade at the School of International Economics and Trade, shared a speech titled "Welfare Analysis of the \“Result - Oriented Trade Policy\” in the Era of Anti - globalization: A Case Study of Voluntary Import Expansion".
Professor Yin Xiaopeng is the executive deputy dean of the Global Value Chain Research Institute at the University of International Business and Economics, the director of the Department of International Trade at the School of International Economics and Trade of the same university, the founder, secretary - general and treasurer of the International Economics and Finance Society (IEFS China), the vice - president of the China Association of International Trade Research (CTRS), one of the initiators and the Asian coordinator of the "Global Connect - International Trade Policy Forum across Three Continents", and also the Chinese director of the Sino - US Center for International Economics Studies at the University of Washington and the University of International Business and Economics. He is also a visiting professor and researcher at universities such as McGill University in Canada, the University of Western Ontario, Ryerson University, Zhejiang University in China, and the Shanghai University of International Business and Economics.
Professor Yin Xiaopeng analyzed the welfare results of the \“Result - Oriented Trade Policy\” that the United States might adopt towards China based on the voluntary import expansion policy previously used by the United States, that is, the welfare effects on the home country, foreign countries, domestic enterprises, foreign enterprises, domestic consumers and overall. Through the dynamic analysis of the \“Voluntary Import Expansion\” policy, the current analysis results show that the implementation of such a policy by the United States is likely to bring negative welfare impacts. Specifically, the welfare impact on China should be negative, but for American enterprises, the impact may be positive. At the same time, Professor Yin Xiaopeng said that the current results depend on factors such as market size and depreciation rate. Therefore, in the future, further research on various industries in China is needed to obtain data to support the specific impact of such policies.