“CIGS Professor Jay K. Rosengard Seminar”
Date & time: Friday, April 22, 2016, 15:00 - 17:00
Venue: CIGS Meeting Room
(11th Floor, ShinMarunouchi Building
5-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo)

Theme:“The Great East Asia - Southeast Asia Divergence:
Rich Asian Tigers vs. Asian Kittens Stuck in a
Middle Income Trap?”

Speaker:

Professor Jay K. Rosengard(Lecturer in Public Policy, Harvard Kennedy School)

Moderator:

Jun Kurihara, Research Director, CIGS

Language:

EnglishAbstract of the Speech:
South Korea, Taiwan, Hong Kong, and Singapore (“Rich Asian Tigers”)
were once very poor but are now quite wealthy. In contrast, Thailand,
Malaysia, Indonesia, and the Philippines (“Asian Kittens”), althoughmuch better off than they were five decades ago, have neverthelessbeen unable to move into the ranks of high-income countries. Instead,they appear to be stuck in a middle income trap. Many emerging
economies would be thrilled to achieve Southeast Asian growth rates
but by East Asian standards, progress has been modest at best. In
this context, the seminar will address two perplexing questions: Whataccounts for this difference in performance among Asian economies?
Is the divergence destined to persist, or will it evolve into convergence?

1Speaker's profile:
Jay Rosengard, Lecturer in Public Policy at the Harvard Kennedy
School, has forty years of international experience designing,
implementing, and evaluating development policies in public financeand fiscal strategy, tax and budget reform, municipal finance andmanagement, intergovernmental fiscal relations, banking andfinancial institutions development, financial inclusion, micro, small,and medium enterprise (MSME) finance, mobile banking, and public
administration. He has worked for a wide variety of multilateral andbilateral donors, as well as directly for host governments and private
sector clients. Rosengard is Director of the Mossavar-Rahmani Center
for Business and Government's Financial Sector Program, which
focuses on the development of bank and nonbank financial institutions
and alternative financing instruments. This includes microfinance(small-scale lending and local savings mobilization), mainstream
commercial banking (general and special-purpose banks), andwholesale financial intermediation (municipal development funds,venture capital funds, pooled financing, secondary mortgage facilities,and securitization). In addition, Rosengard is a Faculty Affiliate ofboth the Ash Center for Democratic Governance and Innovation andthe Center for International Development. At the Ash Center, he is
Academic Director of the Rajawali Foundation Institute for Asia andFaculty Chair of the HKS Indonesia Program. He also serves as
Faculty Chair of four executive programs: FIPED (FinancialInstitutions for Private Enterprise Development), which focuses onsustainable and effective MSME finance; ComTax (Comparative TaxPolicy and Administration), which addresses key strategic and tacticalissues in tax design and implementation; VELP (Vietnam ExecutiveLeadership Program), which is an innovative policy dialogue withsenior Vietnamese leadership; and Transformasi (LeadershipTransformation in Indonesia), which is designed to assist Indonesia in
its decentralization initiatives.

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