Constructing Open Political-Economic Systems
Vision Team: Exploring the Possibilities of Institutional Diversity
Kazuharu Kiyono
 Kazuharu Kiyono
* Doctor of Economics, University of Tokyo
* "Greenhouse-Gas Emission Controls in an Open Economy" (with J. Ishikawa), International Economic Review, 2006

The goal of the Vision Team is to develop a conceptual framework for identifying the types of institutions that can be built to meet the needs of human society in the future, relying on the concrete study of a wide range of political and economic institutions from an international perspective.

The international community continues to evolve as a result of the current trend toward a society in which borders have lost their traditional significance. Movements toward democratization and the resolution of conflicts are underway in many parts of the globe, regional blocs are making attempts at greater political and economic integration, and economic development in Asia is advancing at a rapid pace. Against this background, the fluidity of labor, capital, and knowledge is increasing, as is the need for effective transnational political and economic policies. It has also become essential for the international community to work together to be able to address environmental problems on a global scale. What kinds of political and economic institutions are needed in the context of today's changing world? The Vision Team intends to examine the functioning of existing political and economic institutions from a wide range of perspectives in order to formulate valid proposals for building institutions suited to our times.

Project 1: The Political-Economic Analysisof Economic Policy

In conjunction with the greater international fluidity of both individuals and industries, the environment has also become an issue that extends beyond national boundaries. Economic policy is, of course, inseparably linked to this issue, as are political considerations such as the activities of special-interest groups. This project undertakes to explore the possibility of establishing new public economic policies and political-economic institutions capable of addressing environmental problems and managing the international fluidity of labor, capital, and knowledge.

[Activities/Accomplishments] Reports presented at international conferences; sponsorship of a workshop series; publication of A Political-Economic Analysis of Globalization; publication of A Political-Economic Analysis of the Open Economy; publication of The Political Economy of Systems and Order.
Project 2: The Comparative Analysis of European and Asian Political and Economic Institutions

This project is intended to clarify the present state of economic development and regime change|including the transition to democracy|as well as to identify the mechanisms that underlie multilateral cooperation and conflict resolution within the international community. These aims will be accomplished by focusing on the study of European Union (EU) institutional development and regime change in Eastern Europe, as well as by undertaking studies of developing countries and cooperating on research with colleagues based in China. Drawing on the results of these activities, we hope to identify political and economic institutions conducive to the construction of peace and to sustained development in the developing world.

[Activities/Accomplishments] Sponsorship of international conferences and publication of proceedings; on-site surveys of Eastern European institutions; joint sponsorship of international symposia with EU academic organizations; sponsorship of a symposium on the Japan-EU Year of People-to-People Exchanges; joint sponsorship of a colloquium series with EU universities; publication of New Developments in EU Political and Economic Integration.
Project 3: Applied Political-Economic Experiments

The activities of this project will be coordinated with the activities of the Political-Economic Experiments Project of the Theory Team to provide an analytical basis for determining how political and economic institutions|including financial and monetary institutions responsible for the formation of fiscal policy|work to give rise to various political and economic activities. The results of this analysis should enable us to formulate proposals relevant to the study of political and economic institutions.

[Acitivities/Accomplishments] Political-economic experiments on the relationship between economic fundamentals and the outbreak of currency crises, on policies for avoiding bank-run equilibrium, and on performance standards and payment mechanisms for management; presentation of the results of these experiments at the 2005 Beijing International Conference.

Kazuharu Kiyono Yasunori Ishii Atsuko Ueda Hiroya Akiba Kouji Fukuda Masahiko Gemma Takayuki Ito Akira Sadahiro
Ikuo Kume Hideko Magara
Copyright Waseda University, 21coe-glope