About Our Research:

The Center for International Economics, Institute for Economic Studies at Keio University, analyzes issues accompanying economic globalization for the purposes of understanding its multifaceted aspects and of building economic and social systems which could distribute the benefits of globalization to citizens.

There has been a variety of issues in the contemporary economy with spreading globalization and the ever-increasing movement of goods, services and capital. Such economic globalization is deeply involved in recent issues identified with regards to the Japanese economy such as deindustrialization, decreased corporate competitiveness, regional disparities, irregular employment, poverty and income disparities.

Conventional research to date has attempted to examine these problems within the scope of each field of research. However, interdisciplinary research is essential to build an economic society with systems to enable citizens to enjoy the benefits of economic globalization and lessen related frictions and conflicting interests. By supporting theoretical, empirical, and policy research that spans a variety of fields in international economics and other areas of applied microeconomics, the Center supports the establishment of a more open, enhanced economic society.

Message from the Director


The Keio Mita Campus has had a large number of researchers in international economics in the Faculty of Economics, the Faculty of Business and Commerce, and Keio Economic Observatory and has by now grown up as one of the largest research clusters of international economics in Japan and East Asia. To further enhance our research activities, we now decide to establish the Center for International Economics under the Institute for Economic Studies.

Since the mid-1980s, rapid globalization has proceeded, particularly in East Asia. As Richard Baldwin vividly depicted, “the second unbundling,” i.e., the international division of labor in terms of production processes or tasks, has proliferated, and we have observed “the great convergence” of relative income between developed and newly developed economies. As the era of slow international trade mainly in raw materials and finished products has ended, parts and components have dominated international trade, and not only goods but also services, capital, technology, ideas, human resources, and others have started moving across national borders.

Once new technologies are invented and novel business models emerge, we should not hesitate but actively take advantage of them. To do so, it is necessary to design and implement economic policies in order to back up rapid changes in the economy and the society. In developed economies, to sustain economic dynamism, industrial adjustments as well as the replacement and upgrading of human resources are required. In newly developed and less developed economies, the rewriting of the whole development strategies is inevitable.

In such an era of globalization, international economics that combines theory, empirics, and policy studies should play an important role. It is also important to work together with neighboring academic fields such as development economics, new economic geography, industrial organization, labor economics, and others. We must promote international research collaboration further and contribute to the academic and semi-academic literature in the world. The Center will place international economics at the core and work as a creative forum.

We hope that a lot of researchers, domestic and international, would join and collaborate our research activities.

Director, Center for International Economics Fukunari Kimura


Fukunari Kimura

Professor, Faculty of Economics, Keio University

Richard E. Baldwin

Professor, Graduate Institute in Geneva

Mitsuyo Ando

Professor, Faculty of Business and Commerce, Keio University

Ichiroh Daitoh

Professor, Faculty of Business and Commerce, Keio University

Masahiro Endoh

Professor, Faculty of Business and Commerce, Keio University

Kazunobu Hayakawa

Senior Research Fellow, Institute of Developing Economies

Hayato Kato

Associate Professor, Graduate School of Economics, Osaka University

Kozo Kiyota

Professor, Keio Economic Observatory, Keio University

Toshiyuki Matsuura

Associate Professor, Keio Economic Observatory, Keio University

Ayako Obashi

Associate Professor, School of International Politics, Economics, and Communication, Aoyama Gakuin University

Toshihiro Okubo

Professor, Faculty of Economics, Keio University

Akira Sasahara

Associate Professor, Faculty of Economics, Keio University

Yoshimasa Shirai

Associate Professor, Faculty of Economics, Keio University

Yuta Watabe

Teaching Assistant, Department of Economics, Pennsylvania State University

Kenta Yamanouchi

Assistant Professor, Faculty of Economics, Kagawa University

Nobuaki Yamashita

Senior Lecturer, School of Economics, Finance and Marketing, RMIT University