To submit a paper, please email a draft or extended abstract in PDF format, with “TRIO31 conference” in the subject line by January 8th, 2024, to: [email protected]

After decades of steady expansion of international trade and financial flows, over the past 15 years globalization has encountered headwinds. Globalization was disrupted by the 2008-09 global financial crisis and recession, then an increase in protectionist policies, and finally the shocks of the Covid-19 pandemic and Russia’s invasion of Ukraine.

Globalization’s headwinds have highlighted multifaceted risks, including:

• Trade: Risks associated with global supply chains.

•  Capital flows: Risks associated with cross-border investments, especially FDI.

•  International payment systems: Risks to the dominance of the US dollar and the SWIFT international payments system.

• Climate change: Risks to the prospects for coordinated action on climate change.

The 31st TRIO Conference, jointly sponsored by the National Bureau of Economic Research (NBER), the Tokyo Center for Economic Research (TCER), and the Centre for Economic Policy Research (CEPR), will focus on headwinds facing globalization. The conference will be organized by Joshua Hausman (NBER), Kenichi Ueda (CEPR), and Shin-ichi Fukuda (TCER).  It will include between 6 and 8 paper presentations, and it will be held in Tokyo on Saturday-Sunday, March 2nd-3rd, 2024.  The conference will conclude by 1:30pm on Sunday March 3rd.

The organizers welcome submissions in all areas of international trade and finance, and on related topics.  Both theoretical and empirical work will be considered, and the research does not have to be related to Japan.  Topics of particular interest include supply chains, recent changes in trade flows, cross-border financial flows, and migration, the effects of recent government trade and capital account policies, and analysis of historical periods that may provide insights on the current headwinds facing globalization.  Submissions from researchers who are not affiliated with any of the sponsoring organizations, and who are members of groups that have been historically under-represented in the economics profession, are welcome.

Papers presented at the conference may be submitted to a special issue of the Journal of the Japanese and International Economies (JJIE), and authors are encouraged to consider this outlet for their work. If a paper is published in the JJIE, the author(s) will receive a total honorarium of JPY400,000, which can be divided among multiple authors.  Papers submitted to the JJIE will undergo the normal journal reviewing process.

To submit a paper, please email a draft or extended abstract in PDF format, with “TRIO31 conference” in the subject line by January 8th, 2024, to: [email protected]

Preference will be given to completed papers and to detailed drafts. Selected authors will be notified by January 17th, 2024. A host institution, Center for Advanced Research in Finance (CARF) at the University of Tokyo, could provide the financial support, if necessary, for the travel, hotel, and local expenses for one CEPR author of each paper to attend the conference. Other authors are welcome to attend at their own expense.  Workshop attendance is by invitation only. For CEPR authors, please direct questions to Kenichi Ueda ([email protected]).