FIW

Dear Colleague,

We cordially invite you to the wiiw-FIW-Seminar in International Economics on

Thursday, May 19^th, 4 pm

wiiw, Rahlgasse 3, 1060 Vienna, Library (2^nd floor)

Recent Development of International Trade Theory and

Some of its Consequences

Yoshinori Shiozawa

Osaka City University, Japan

Abstract

A few people imagined that a new theory of international values emerges about 200 years after Ricardo’s Principles. The talk starts from the new interpretation of Ricardo’s four magic numbers. After a brief account of the new theory, it extends to some of its consequences. They include topics like global supply chains, fragmentations of production processes, and trade frictions caused by rapid liberalisation.

Speaker

Yoshinori Shiozawa is Professor Emeritus at Osaka City University. He is the second president and a fellow of the Japan Association for Evolutionary Economics. He is one of the pioneers of complexity economics and a leader in evolutionary economics. He succeeded in building a new theory of international values in his book A Final Solution of the Ricardo Problem on International Values (in Japanese, 2014). All his English papers can be found on ResearchGate.

After the seminar there will be the opportunity for the speaker and the audience for further discussions, accompanied by drinks and snacks.

This seminar series is an activity in the framework of FIW ('Forschungsschwerpunkt Internationale Wirtschaft'), which is a project designed to build a center of excellence in research on International Economics, funded by the Austrian Ministry of Science, Research and Economy (BMWFW).

The seminar programme is regularly updated. Please visit our website for the current version of the programme at:

http://wiiw.ac.at/fiw-wiiw-seminars-in-international-economics-es-6.html

http://www.fiw.ac.at/index.php?id=748

(Papers and presentation slides, as far as available, are posted on our homepage http://wiiw.ac.at/events.html after the respective seminars.)

Best regards

Julia Grübler

Organizer

Michaela Bönisch

Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)

The Vienna Institute for International Economic Studies

Rahlgasse 3, A-1060 Wien

T: +43 1 533 66 10 - 40