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            Graduate School of Business

Columbia University
Phone: (212) 854-9139
Email: shangjin.wei at columbia.edu





N.T. Wang Professor of Chinese Business and Economy, Professor of Finance and Economics (Business School), and Professor of International and Public Affairs (SIPA), Columbia University


Director, Working Group on the Chinese Economy, and Research Associate, National Bureau of Economic Research (United States).


Research Fellow, Center for Economic Policy Research (Europe).


Research Associate, Development Economics, International Finance and Macroeconomics, International Trade and Investment groups, National Bureau of Economic Research (United States)


Research Fellow, International Growth Center


Member, Council on Foreign Relations


Advisor, Hong Kong Monetary Authority’s Hong Kong Institute for Monetary Research Non-resident Fellow, Brookings Institution




Chief Economist and Director General of Economic Research and Regional Cooperation Department, Asian Development Bank, 2014-2016


Director, The Jerome A. Chazen Institute of International Business, Columbia Business School, 2010-2014


Assistant Director, Research Department, November 2005–August, 2007; Chief, Trade and Investment Division, May, 2005–August, 2007; Advisor, November 2001–April 2005, International Monetary Fund.


Chief of Mission to Myanmar (Burma), International Monetary Fund, 2004.


Associate Professor of Public Policy, 1996-2000, Assistant Professor of Public Policy, 1992-96. Harvard University, Kennedy School of Government.


The New Century Chair in Trade and International Economics and Senior Fellow, 1999-2001, Brookings Institution.


Advisor, World Bank, 1999-2000.


[Visiting Positions]


Federal Reserve Bank of New York, February-March, 2009 European Central Bank, May 2009


International Monetary Fund, Consultant, various times in 1990, 1994, 1995, 1996, 1997, 1998


Federal Reserve Bank of San Francisco, Visiting Scholar, January and May-September, 1993; January, June-September, 1994, January 2009, and October 2010.


Central European University, Prague, Czech Republic, Visiting Lecturer, Apr & Aug, 1993.


PricewaterhouseCoopers, Consultant, 2001.


Asian Development Bank, Consultant, 1995 and 2009.


Board of Governors of the Federal Reserve System, Consultant, 1991 and 1995.


The World Bank, Consultant, 1998.


United Nations Development Program, Consultant, 1998.


Organization of Economic Cooperation and Development, Visiting Fellow, January, 1999. Hong Kong Institute for Monetary Research, Research Fellow, 2000, 2001, 2008 and 2009




Economic Development, International Finance and Macroeconomics, International Trade, and Asian economies




International Business, Chinese Economy (Columbia University)


International Economic Policies (University of Maryland)


Macro and Financial Policies in Open Economies (Harvard University KSG)


International Capital Markets (Harvard University KSG)


Introduction to Finance (Harvard University KSG)


Economics of Trade and Development (Harvard University KSG)





Member, Advisory Council, ADB Institute in Tokyo, 2014 – 2016


Co-editor, Journal of Development Economics, 2011- 2016


Associate Editor, Journal of International Economics, 2003-2012


Associate Editor, Journal of Comparative Economics, since 2010


Associate Editor, Journal of International Financial Markets, Institutions & Money, North-Holland, Elsevier Science B.V. (since 1999)


Guest Editor, International Monetary Fund Staff Papers, 2003, Special issue of the Third IMF Annual Research Conference.


Member, Editorial Advisory Board, The China Economic Review, JAI Press, Greenwich, Connecticut and London, England, (since 2001)


Member, Academic Advisory Board, The China Economic Quarterly, China Center for Economic Research, Beijing University (2001-2002)


Guest Editor, Economics of Transition, Symposium on China and the World Economy, 2001.


Member, Editorial Board, Annals of Economics and Finance, Peking University Press.


Vice President and Director, Chinese Economist Society (North America), 1999-2000.


Organizer, annual NBER conferences on the Chinese economy, Cambridge, MA, USA, since 2003


Co-organizer (with Martin Feldstein and Justin Lin), (U.S.) National Bureau of Economic Research annual meetings in Beijing (or Shanghai) on the Chinese economy, since 1998.


Referee, American Economic Review , Review of Economics and Statistics, Journal of Political Economy, Quarterly Journal of Economics, Journal of International Economics, Journal of Development Economics, and others.





Journal articles


“One Fundamental and Two Taxes: When Does a Tobin Tax Reduce Financial Price Volatility?” (with Y. Deng and X. Liu), Journal of Financial Economics, conditionally accepted with minor revisions.


“From ‘Made in China’ to ‘Innovated in China’: Necessity, Prospect, and Challenges,”

Journal of Economic Perspectives, January 2017, 31(1): 49-70.


“The Effects of Financial Development on Foreign Direct Investment,” with Rodolphe Desbordes, Journal of Development Economics, accepted for publication. (Oct 2016)


“The Diffusion of Corporate Governance to Emerging Markets: Evaluating Two Dimensions of Investor Heterogeneity,” (with Woochan Kim and Taeyoon Sung), Journal of International Money and Finance, forthcoming.


“Status Competition and Housing Prices,” with Xiaobo Zhang and Yin Liu, Journal of Development Economics, forthcoming.


“The Competitive Saving Motive: Concept, Evidence, and Implications,” (with X.

Zhang), Frontiers of Economics in China, 2016, 11(3): 355-366.


“Tracing Value-added and Double Counting in Gross Exports,” (with Robert Koopman and Zhi Wang), American Economic Review, 2014, 104 (2): 459-494.


** “An Accounting Framework for Aggregate Trade: Official Statistics and Measures of Global Value Chains,” (with Zhi Wang and Kunfu Zhu), China Social Sciences (中国社会科学), 2015, 9.


** “Gross Trade Accounting: A Transparent Method to Discover GVC-related Information Behind Official Data,” Part 1 and Part 2, (with Zhi Wang and Kunfu Zhu), 2015, VoxEU.org


“Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters,” with Amit K. Khandelwal and Peter K. Schott, American Economic Review, 2013, 103 (6): 2169-2195.


** A non-technical write-up by the same title as the journal article, with Amit Khandelwal and Peter Schott, 2013, VoxEU.org


"A Theory of the Competitive Saving Motive," (with Qingyuan Du), Journal of International Economics, 2013, 91(2): 275-289.


“A Faith-based Initiative Meets the Evidence: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment? (with Menzie Chinn), Review of Economics and Statistics, 2013, 95 (1): 168-184.


“From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels,” with Stijn Claessens and Hui Tong, Journal of International Economics, 2012, 88 (2): 375-387.


“Estimating Domestic Content in Exports When Processing Trade is Pervasive,” (with Robert Koopman and Zhi Wang), Journal of Development Economics, 2012, 99 (1): 178-189.



"Slow Pass-through Around the World: A New Import for Developing Countries?" (with

Jeffrey Frankel and David Parsley), Open Economies Review, 2012, 23(2): 213-251, April.


“The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in

China,” (with X. Zhang), Journal of Political Economy, 2011, 119 (3): 511-564.


** featured in Forbes.com, “Boy’s Nation,” February 2010, and Economist magazine “Gendercide,” March 2010


“Does Corporate Governance Risk at Home Affect Investment Choices Abroad?” with Woochan Kim and Taeyoon Sung, Journal of International Economics, 2011, 85 (1): 25-41.


“When Is Quality of Financial System a Source of Comparative Advantage?” (with Jiandong Ju), Journal of International Economics, 2011, 84 (2): 178-187.


“The role of Intermediaries in Facilitating Trade,” with JaeBin Ahn and Amit Khandelwal, Journal of International Economics, 2011, 84 (1): 73-85.


“The Composition Matters: Capital Flows and Liquidity Constraint during a Global Economic Crisis,” (with Hui Tong) Review of Financial Studies, 2010, 24 (6): 2023-2052.


“Domestic Institutions and the Bypass Effect of Financial Globalization,” (with Jiandong Ju), American Economic Journal: Economic Policy, 2010, 2(4): 173–204.


“Financial Globalization and Economic Policies,” (with Ayhan Kose, Kenneth Rogoff, and Eswar Prasad), Handbook of Development Economics, Vol. 5, edited by Dani Rodrik and Mark Rosenzweig, North-Holland, 2010, pp. 4283-4362.


Does the Global Fireman Inadvertently Add Fuel to the Fire? New Evidence from Institutional Investors' Responses to IMF Program Announcements (with Zhiwei Zhang), Journal of International Money and Finance, 2010, 29 (4): 728-741.


"Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs," (with Zhiwi Zhang), Journal of Development Economics, 2010, May: 71-81.


"The Smuggling of Art, and the Art of Smuggling: Uncovering the Illicit Trade in Cultural Property and Antiques," (with Raymond Fisman), American Economic Journal: Applied Economics. 2009, 1(3): 82-96.


"The Value of Making Commitments Externally: Evidence from WTO Accessions,"

(with Man-Keung Tang), Journal of International Economics, 2009, 78(2): 216-229.


"Financial Globalization: A Reappraisal," (with M. Ayhan Kose & Eswar Prasad &

Kenneth S. Rogoff), IMF Staff Papers, Palgrave Macmillan Journals, 2009, 56(1): 8-62.



“Corruption and cross-border investment in emerging markets: Firm-level evidence,” (with Beata S. Javorcik), Journal of International Money and Finance, 2009, 28, (4): 605-624.


"Outsourcing Tariff Evasion: A New Explanation for Entrepôt Trade," (with Raymond Fisman & Peter Moustakerski), 2008, The Review of Economics and Statistics, MIT Press, 90(3): 587-592.


"In Search of a Euro Effect: Big lessons from a Big Mac Meal?" Journal of International

Money and Finance, (with David Parsley), Elsevier, 27(2): 260-276, March, 2008.


"Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights," (with J. Frankel), IMF Staff Papers, Palgrave Macmillan Journals, vol. 55(3), pages 384-416, July, 2008.


“A Prism into the PPP Puzzles: The Microfoundations of the Big Mac Real Exchange

Rate,” (with David Parsley), Economic Journal, 117(523): 1336-1356, October 2007.


** Featured in the Economist magazine, June 9, 2005, “Fast good and strong currencies.”


“The WTO Promotes Trade, Strongly but Unevenly,” (with A. Subramanian), Journal of International Economics, 72(1): 151-175, 2007.


** Featured in the Economist magazine, August 8, 2005, “Is there any point to the WTO?” and discussed in South China Morning Post, Sept 9, 2003.


“Assessing China’s Exchange Rate Regime,” (with J. Frankel), Economic Policy, 22:

575-627, October 2007.


“Collateral Damage: Capital Controls and International Trade,” (with Z. Zhang), Journal

of International Money and Finance, Vol. 26(5): 841-863, September, 2007.


** Featured in NBER Digest, December 2007, http://www.nber.org/digest/dec07/w13020.html.


“Monetary Policies for Developing Countries: The Role of Institutional Quality,” (with

H. Huang), Journal of International Economics, 70(1): 239-252, September, 2006.


“Transparency and International Portfolio Holdings,” (with Gaston Gelos), Journal of Finance, December 2005.


** Featured in the Economist magazine, May 3, 2003, and in Dow Jones International News, November 13, 2002


“Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China,” (with Raymond Fisman), Journal of Political Economy, 2004, vol. 112, no. 2, p 471-496.


“Comment on ‘Neither a Borrower Nor a Lender: Does China’s Zero Net Foreign Asset Position Make Economic Sense?’ by David Dollar and Aart Kraay,” Journal of Monetary Economics, 53(5): 973-979, July, 2006.


"Connecting two views on financial globalization: Can we make further progress?"

Journal of the Japanese International Economics,20(4): 459-481, December, 2006.


“Fear of Service Outsourcing: Is It Justified?” (with Mary Amiti), Economic Policy, April 2005.


** Featured in the Chicago Tribune, South China Morning Post (Hong Kong), Business Times (Singapore) and other media outlets.


“Does Insider Trading Raise Market Volatility?” (with Julan Du), Economic Journal, 2004, 114 (October), 927-956.


** Featured in Indian Business Insight, June 18, 2003


“Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?,” (with Beata S. Javorcik), Contributions to Economic Analysis & Policy, 2004, 3(2), Article 8. (B.E. Journal).


“Foreign Portfolio Investors Before and During a Crisis,” (with Woochan Kim), Journal of International Economics, 2002, 56(1): 77-96.


“Offshore Investment Funds: Monsters in Emerging Markets?” (with Woochan Kim), Journal of Development Economics, 2002, Vol. 848.


“Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography,” (with David Parsley), Journal of International Economics, October 2001, 55(1): 87-105.


“The Bigger They Are, the Harder They Fall: the Retail Price Differences across U.S.

Cities,” (with Paul O’Connell), Journal of International Economics, 2002, 56(1): 21-54.


"Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations?" (with D. Parsley), Quarterly Journal of Economics, November, 1996, No.447, 1211-1236.


“Local Corruption and Global Capital Flows,” Brookings Papers on Economic Activity, 2000(2): 303-354.


"How Taxing is Corruption on International Investors?" Review of Economics and Statistics, February 2000, 82(1): 1-11.


** Featured in Economist magazine, Financial Times, Chicago Tribune, Asian Wall Street Journal, (London) Times, and St. Petersburg Times.


“Domestic Crony Capitalism and International Fickle Capital: Is There a Connection?”

2001, International Finance, 4(1): 15-45.


“The China Money Puzzle: Will a Devaluation of the Yuan Help or Hurt the Hong Kong Dollar?” (S.-J. Wei, L. Liu, Z. Wang, and W.T. Woo), China Economic Review, 2000(11): 171-188.


"Currency Hedging and Goods Trade," European Economic Review, 1999, (43) 1371-1394.


"Open Regionalism in a World of Continental Trade Blocs," (with Jeffrey Frankel), IMF Staff Papers, Vol. 45, No. 3, September 1998.


"Gradualism versus Big Bang: Speed and Sustainability of Reforms," Canadian Journal of Economics, XXX(4b), November, 1997, p1234-1247.


***   Quoted in length in the textbook , The Political Economy of Macroeconomics by Alan Drazen and another textbook Politics, Markets and Firms: Transition and Economics by Gerald Roland, MIT Press, 2001, and reprinted in The Political Economy of Reform, edited by Federico Sturzenegger and Mariano Tommasi, MIT Press, 1988.


"To Shock or not to Shock: Economics and Political Economy of Large-scale Reforms"

(with P. Lian) Economics and Politics, 10(2): 161-183, July, 1998.


"Regional Trading Arrangements: Natural or Supernatural?" (with J. Frankel and E.

Stein), American Economic Review, 86(2), May, 1996, p52-56.


"Trading Blocs and the Americas: The Natural, the Unnatural, and the Super-natural?" (with J.Frankel and E. Stein), Journal of Development Economics, June, 1995, 47:61-95.


** Featured in the Economist magazine, Sept 16, 1995.


"Insignificant and Inconsequential Hysteresis: The Case of U.S. Bilateral Trade" (With D. Parsley). The Review of Economics and Statistics, November, 1993, p606-613.


"Can Regional Trade Blocs be a Stepping Stone to Global Free Trade?" (S.J. Wei and J.

Frankel) International Review of Economics and Finance, 5(4): 339-347, 1996.


"Price Volatility Without News about Fundamentals", Economics Letters, 37: 453-458, 1991.



Chapters in books


“Financial Globalization and Economic Policies,” (with Ayhan Kose, Kenneth Rogoff, and Eswar Prasad), Handbook of Development Economics, Vol. 5, edited by Dani Rodrik and Mark Rosenzweig, North-Holland, 2010, pp. 4283-4362.


“Does Service Offshoring Lead to Job Losses? Evidence from the United States,” with Mary Amiti, 2009, Chapter 7 in International Trade in Services and Intangibles in the Eraof Globalization, edited by Marshall Reinsdorf and Matthew Slaughter, Chicago: University of Chicago Press, pp 227-243.


“International Capital Flows,” entry prepared for The New Palgrave Dictionary for Economics, 2nd edition.


“Managing Macroeconomic Crises: Policy Lessons,” (with Jeffrey Frankel), 2005, in

Managing Macroeconomic Volatility and Crises: A Practioner’s Guide, edited by Joshua Aizenman and Brian Pinto, Cambridge University Press, pp 315-405.


"Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises," (Shang-Jin Wei and Yi Wu), in Sebastian Edwards and Jeffrey Frankel, eds., Preventing Currency Crises in Emerging Markets, Chicago: University of Chicago Press, 2002, p461-501.


"Corruption in Economic Development: Grease or Sand?" Economic Survey of Europe

2001, No. 2, pp 101-112, Geneva: United Nations Economic Commission for Europe.


“Does Corruption Provide Relief on Tax and Capital Control for International Investors?” Chapter 3 in International Taxation and Multinational Activity, edited by James R. Hines, Jr., Chicago: University of Chicago Press, 2001, pp73-87.


“Why Does China Attract So Little Foreign Direct Investment?” in Takatoshi Ito and Anne O. Krueger, eds., The Role of Foreign Direct Investment in East Asian Economic Development, Chicago: University of Chicago Press, 2000, pp239-261.


"Noise Trading in the Chinese Stock Market," in Financial Market Reform in China: Progress, Problems, and Prospects, eds., by Baizhu Chen, J. Kimball Dietrich and Yi Feng, Westview Press, 2000, pp221-241.


“The Cost of Crony Capitalism,” (S.J.Wei and Sara Sievers), in Wing Thye Woo, Jeffrey D. Sachs, and Klaus Schwab eds., The Asian Financial Crisis: Lessons for a Resilient Asia, Cambridge, USA, and London, England: The MIT Press, 2000, pp91-102. An earlier version appeared in The Asian Competitiveness Report 1999, Geneva: World Economic Forum, pp50-55, 1999.


"Corruption and Economic Development in Asia," in Integrity in Governance in Asia, United Nations Development Program, New York: UNDP, October 1998, p39-53.


"Two Crises and Two China" (with Richard J. Zeckhauser), Japan and the World Economy 10: 359-369, 1998.


"The New Regionalism and Asia: Impact and Options," (with J. Frankel), in M.G.Quibria and Arvind Panagariya, eds., The Emerging Global Trading Environment and Developing Asia, Asian Development Bank, 1997.


"The Siamese Twins: Do State-owned Banks Favor State-owned Enterprises in China?"

(with Tao Wang), China Economic Review, 8(1): 19-29, 1997.


"Open versus Closed Trade Blocs," (S.J. Wei and J. Frankel) in Regional versus Multinational Trade Arrangements, edited by Takatoshi Ito and Anne Krueger, University of Chicago Press, 1997, p119-139.


"Regionalization of World Trade and Currencies: Economics and Politics," (with Jeffrey Frankel), in J. Frankel, ed., The Regionalization of the World Economy, University of Chicago Press, 1999.


"Foreign Direct Investment in China: Source and Consequences," in Financial Deregulation and Integration in East Asia, edited by Takatoshi Ito and Anne Krueger, University of Chicago Press, 1996.


"The Open Door Policy and the China's Rapid Growth: Evidence from City-Level Data," in Growth Theories in Light of the East Asian Experience edited by Takatoshi Ito and Anne Krueger, University of Chicago Press, 1995.


"From Marx to Markets: China's Economic Reforms as a Megapolicy," in John D.

Montgomery and Dennis A. Rondinelli, eds., Great Policies: Strategic Innovations in

Asia and the Pacific Basin. Westport, Connecticut and London: Praeger Publishers, 1995.


"Speed of Reform and Growth of Non-state-owned Firms in China," in Gang Yi, ed., China's Economic Transition: A Survey of Recent Research, Oxford University Press, 1995.


"European Integration and the Regionalization of World Trade and Currencies: The Economics and the Politics" (with J. Frankel), in Barry Eichengreen, Jeffry Frieden, and Jurgen von Hagen, eds., Monetary and Fiscal Policy in an Integrated Europe, Berlin, Heidelberg, New York: Springer-Verlag, 1995.


"Attracting Foreign Direct Investment: Has China Reached Its Potential?" China Economic Review, 6(2). 1995. JAI Press.


"Yen Bloc or Dollar Bloc: Exchange Rate Policies of the East Asian Economies," (with J.


Frankel), in Macroeconomic Linkages: Savings, Exchange Rates and Capital Flows edited by Takatoshi Ito and Anne Krueger, University of Chicago Press, 1994.


"Emerging Currency Blocs," (with J. Frankel) in The Future of the International Monetary System and Its Institutions, edited by Hans Genberg, Geneva: International Center for Monetary and Banking Studies, 1994.


"A 'Greater China' Trade Bloc?" (S.J. Wei and J. Frankel), China Economic Review, 5(2). 1994. JAI Press.


"APEC and Regional Trading Arrangements in the Pacific," (with J. Frankel and E. Stein), in Wendy Dobson and Frank Flatters, eds., Pacific Trade and Investment: Optionsfor the 90s, John Deutsh Institute for the Study of Economic Policy, Queen's University, Kingston. 1994.


"Trade Blocs and Currency Blocs," (with J. Frankel), NBER Working Paper N0. 4335, 1992. Also in The Monetary Future of Europe, edited by Guillermo de la Deheza, et al. Centre for Economic Policy Research: London, 1993.


"Is There a Currency Bloc in the Pacific?" (with J. Frankel), in Exchange Rates, International Trade and the Balance of Payments, edited by Adrian Blundell-Wignall. Reserve Bank of Australia, Sydney, 1993: 275-308.


"Household Durable Goods Ownership in Tianjin, China" (With T.Hu and M. Li), The China Quarterly, 120:787-799. December, 1989.



Books and Reports


The Dynamics of Asian Financial Integration: Facts and Analytics, co-edited with Michael Devereux, Philip Lane, and Cyn-young Park, Routledge, 2011.


China’s Growing Role in the World Trade, co-edited with Robert Feenstra, University of Chicago Press, March 2010. http://www.press.uchicago.edu/presssite/metadata.epl?isbn=9780226239712


Evaluating the Effectiveness of Trade Conditions in Fund Supported Programs, co-authored with Zhiwei Zhang, November 2005.


Effects of Financial Globalization on Developing Countries: Some Empirical Evidence, co-authored with Eswar Prasad, Kenneth Rogoff and Ayhan Kose, IMF Occasional Paper No. 220, 2003, and also available at http://www.imf.org/external/np/res/docs/2003/ 031703.htm. Reported in Financial Times (March 18, 2003, p6, “IMF warns on financial globalisation”), The Sydney Morning Herald (March 29, 2003, p74, “IMF big enough to admit a capital offence”), Reuters newswire (March 18, 2003, “IMF: no clear proof globalization helps the poor”) and other medias.


A New Look at Exchange Rate Volatility and Trade Flows, coauthored with Peter B.


Clark and Natalia Tamirisa, Azim Sadikov and Li Zeng, IMF Occasional Paper 235, 2004.


The Globalization of the Chinese Economy, co-editor, with James Wen and Huizhong Zhou, Edward Elgar, 2002.


Economic Globalization: Finance, Trade and Policy Reforms, Beijing University Press, 2000.


Regional Trading Blocs in the World Economic System, (Jeffrey A. Frankel with Ernesto Stein and Shang-Jin Wei), Institute for International Economics, 1997.







Ph.D in Economics, University of California, Berkeley, 1992

MS in Business Administration (Finance), University of California, Berkeley, 1991 MA in Economics, Pennsylvania State University, 1988 BA in World Economy, Fudan University, 1986



AWARDS AND HONORS (since 2010)


Pushan Prize for Research on the World Economy, 2017, for the research paper, “On the Connections between Intertemporal and Intra-temporal Trades,” with Jiandong Ju and Kang Shi.


An Zhijian Prize for Research on International Trade, First Prize, 2016, for the research article, “Trade Accounting: Official Statistics versys Measures of Global Value Chains,” with Zhi Wang and Kunfu Zhu.


Zhang Peigang Prize for Outstanding Scholarship in Development Economics (joint with R. Koopman and Z. Wang) for pioneering research on global value chains that was published in the American Economic review in 2014;


Sun Yefang Price for Economic Science (joint with X. Zhang) for the invention of the theory of the competitive saving motive and its application to understanding the high savings patterns in Asia, that was published in the Journal of Political Economy in 2011;


National Science Foundation (USA) award for the project “The competitive savings, the competitive growth, and global implications,” 2010-2014


The Gregory Chow Best Paper Award for the paper “The sexual foundations of economic growth: evidence from China,” with Xiaobo Zhang, The Chinese Economic Society, June, 2010.


Invited presentation at the Annual Bank Conference on Development Economics, Stockholm, Sweden, May 2010


Invited presentation at the Econometric Society World Congress, Shanghai, China, August 17-22, 2010.






“Navigating America’s Economic Policy Shocks,” Project Syndicate, March 9, 2017.


“Righting China’s Property Rights,” Project Syndicate, December 15, 2016.


Five major economic risks to watch for this year,” Shang-Jin Wei, published by Caixin (a leading Chinese-language business and finance magazine), January 29, 2016. Republished by Lanka Business Online on February 12.


“China and the future of commodity prices,” Abdul Abiad and Shang-Jin Wei, published by Project Syndicate, March 18, 2016.


Republished by Financial Express (Bangladesh) on March 19, Gulf Times on March 20, Jordan Times on March 21, naija247news.com on March 22, Bangkok Post on April 11, and Economia on April 18. Republished as “China not main driver of commodity prices” in Times of Oman on March 21, “Commodity price crash not wholly China’s fault” in Today (Singapore) on March 22, “Giá hàng hóa lao dốc: lỗi không phải ở TQ” on March 22 in Saigon Times, “China y el futuro precio de las materias primas” on March 22 in Almendron (Spain), “China e o futuro de Preços de Commodities” on March 22 in GGN (Brazil), and “L’avenir du prix des matières premières” on March 23 in L'Agefi (Switzerland).


“China's slowdown and Asia's growth,” Shang-Jin Wei, published by Project Syndicate, December 27, 2015.


Republished by Straits Times on December 27, and The New Nation (Bangladesh) on January 20, 2016. Republished as “China’s slowdown and Asia’s economy” in Economia on December 27, 2015 and New Europe on January 4, 2016, “China’s slowdown creates opportunities for its competitors” in Irish Examiner on December 28, 2015, “Co hoi tu su tri tre kinh te Trung Quoc (Asia's growth and China's slowdown)” in Thanh Nien on January 1, 2016, and “The big impact of China’s slowdown” in Livemint on January 2.


“Why parents know best when it comes to lifting school grades,” Shang-Jin Wei, published by CNN, October 20, 2015.


“Developing Asia needs to tackle gender discrimination to maximize women’s potential in society,” published by South China Morning Post on October 14, 2015.


“Ready for a US rate hike?” Shang-Jin Wei, published by Project Syndicate, September 18, 2015. Republished in Today’s Zaman on September 21.


Republished as “A US interest rate hike may not be bad news” by Malay Mail Online and Today (Singapore) on September 23.


“Fundamentals more important than stock market,” published by Weekly Holiday (Bangladesh) on September 11, 2015.


“Can outside forces drag down Asia’s growth?” Shang-Jin Wei, published by People’s Daily, August 3, 2015.


“A false alarm about China,” published in Project Syndicate, September 3, 2015. Republished by Nikkei on September 4, Philippine Daily Inquirer and Today’s Zaman on September 6, Kathmandu Post on September 7, and Financial Express on September 11. Republished by Korea Herald on September 6, as “Stock market volatility is a poor predictor of the state of China's economy” in South China Morning Post on September 6,


“Dire predictions over Chinese economy a false alarm” in Bangkok Post on September 7, “China's success can continue if it sticks to reforms” in Global Times on September 7. And cited in “China stocks rise as government pledges further fiscal reforms, more infrastructure investment” on September 9 in International Business Times.




Reports of My Research in Newspapers, Magazines, or TV/Radio Interviews


1. Citation of my Research on Trade


The Economist, August 8, 2005, “Is there any point to the WTO?” Economics Focus, http://www.nber.org/~wei/data/subramanian&wei2003/Economist.pdf, citing my paper with A. Subramanian, “The WTO promotes trade, strongly but unevenly.”


South China Morning Post, Hong Kong, June 11, 2004, “Embrace free trade in services,” Raghuram Rajan and Shang-Jin Wei.


The Business Times, Singapore, June 8, 2004, “The non-threat that is outsourcing”, Raghuram Rajan and Shang-Jin Wei.


Business World, November 11, 2003, “WTO efforts push up global imports by as much as 68%”, by Norman P. Aquino, citing the study by Subramanian and Wei, “The WTO promotes trade, strongly but unevenly.”


South China Morning Post, September 9, 2003, “How to get the most from world trade”, by Arvind Subramanian and Shang-Jin Wei.


Chicago Tribune, March 24, 2002, “Does free trade breed poverty?” by Steve Chapman


The Economist, September 16, 1995, "The Right Direction?" (Referencing to the paper by Jeffrey Frankel, Ernesto Stein, and Shang-Jin Wei on regional trade blocs).


Voice of America Interview (China Branch) on APEC by Luo Lan, 1995.


Business Week, January 10, 1994, p23. "Is the East Asian Trade Bloc Merely a Paper Tiger?" by Gene Koretz.



2. Citation of my Research on International Finance and Exchange Rate


The Economist, February 21, 2011, Economics Focus section, “Learning to Like Inflation,” cited my paper with Menzie Chinn, “A Faith-based Initiative Meets the Evidence: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?”


The Economist, November 16, 2006, Economics Focus section, “Third Thoughts on Foreign Capital,” cited my paper with A. Kose, E. Prasad, and K. Rogoff, “Financial Globalization: A Reappraisal.”


Financial Times, September 12, 2006, Martin Wolf’s column, “Forces behind globalization win the day,” cited my paper with A. Kose, E. Prasad, and K. Rogoff, “Financial Globalization: A Reappraisal.”


Financial Times, August 21, 2006, “IMF Economists Shifts Debate Over Capital Controls,” citing my paper with A. Kose, E. Prasad, and K. Rogoff, “Financial Globalization: A Reappraisal.”


Bloomberg, August 21, 2006, “China, India Lead Debate on Free Capital Flows,” citing my paper with A. Kose, E. Prasad, and K. Rogoff, “Financial Globalization: A Reappraisal.”


Reuters wire service, August 21, 2006, “No Easy Answers On Effect of Freer Capital,” citing my paper with A. Kose, E. Prasad, and K. Rogoff, “Financial Globalization: A Reappraisal.”


The Economist, June 9, 2005, “Fast good and strong currencies,” http://www.nber.org/~wei/data/parsley&wei2003/The Economist.pdf. Citing my paper with D. Parsley, “A Prism into the PPP Puzzles: The Microfoundations of the Big-Mac Real Exchange Rate.”


The Straits Times, Singapore, April 24, 2004, “India set to win larger slice of investment pie”, by Pranay Gupte.


Financial Times, September 2, 2003, “The emerging truth of going global”, by Eswar Prasad and Kenneth Rogoff.


Business World, May 13, 2003, “Yellow Pad - Financial integration revisited.” By Filomeno S. Sta.Ana III.


The Sydney Morning Herald, March 29, 2003, p74, “IMF big enough to admit a capital offence.”


Reuters newswire, March 18, 2003, “IMF: no clear proof globalization helps the poor.” Financial Times, March 18, 2003, p6, “IMF warns on financial globalisation.”


Business Week, January 12, 1998, p32, "Risky Trading in Currencies," by Gene Koretz (Reporting Shang-Jin Wei and Jungshik Kim, "Large Players in the Foreign Exchange Market: Do They Trade on Information or Noise?" NBER WP6256, November 1997).



3. Citation of my Research on Corruption and Governance


New Yorker, April 17, 2006 issue, in “THE PAYOLA GAME,” Talk-of-the-Town Section, by James Surowiecki.


Portuguese News Digest, Oct 24, 2003, “Brazil Fails To Receive Half of Potential Foreign Investments due to Corruption”.


Indian Business Insight, June 18, 2003, “Insider trading relatively high in India (China, Russia, Venezuela and Mexico)”.


The Economist, May 3, 2003, “Shipbuilding”


Dow Jones International News, November 13, 2002 “Investors Tend To Avoid More Opaque Markets: IMF Study” by Alan Yonan Jr.


Financial Times, October 17, 2000, “Investors See Corruption as a Barrier,” by Alan Beattie. A write-up of my research paper with Beata Smarzynska, “Corruption and Composition of Foreign Direct Investment: Firm-level Evidence.” NBER Working Paper 7969.


Economist, September 9, 2000, “Closed Borders and Open Palms.” A one-page write-up in the “Finance and Economics” section of my paper, “Natural Openness and Good Government.” NBER working paper7765.


Financial Times, May 30, 2000, “Dealing with an Eruption of Corruption,” by Philip M. Nichols, in the special section, “Mastering Risk.”


Economist, January 16, 1999, "A Global War Against Bribery."


Time magazine, June 22, 1998, Vol. 151 No.25, “A World War on Bribery,” by James




Financial Times, June 23, 1997, Economics Notebook, "Clear Thinking on Corruption" by Stephanie Flanders. [Also available on the Financial Times' web page.]


U.S. News and World Report, December 22, 1997, “Bye-bye to Bribes: The Industrial World Takes Aim at Official Corruption,’ by Thomas Omestad.


The Asian Wall Street Journal, Thursday, June 26, 1997, "World Bank Issues Warnings Over Dilution on State Role," by G. Pierre Goad.


(The London) Times, Friday, August 1, 1997, p10, "Britain Moves Higher in Bribery League."


Economist, August 2, 1997, p52, "Who Will Listen to Mr. Clean?"


Chicago Tribune, September 9, 1997, p12, "Panel: Corruption Stunts Progress, Bribe-taking Culture Traps Many in Poverty."


Business Week, December 8, 1997, p30, "The High Cost of Corruption: It's a 'Tax' on Foreign Investment," by Gene Koretz.


The St. Petersburg Times, August 11-17, 1997 (AS, APT), "Corruption Study Says Russia Among Worst."


            Voice of America interview by Robert Li for the Chinese program "China Today," (a live program with a call-in segment), August 26, 1997.


Voice of America interview by Linda Cashdan for the English Service program, December 11, 1997.


Voice of America interview by Luo Si, for the Chinese language program, "Economic Outlook," December 16, 1997.