Hugh Patrick

Biography

Hugh Patrick is director of CJEB, codirector of Columbia's APEC Study Center, and R. D. Calkins Professor of International Business Emeritus at Columbia Business School. He joined the Columbia faculty in 1984 after some years as professor of economics and director of the Economic Growth Center at Yale University. He completed his BA at Yale University in 1951, earned MA degrees in Japanese studies (1955) and economics (1957), and a PhD in economics at the University of Michigan (1960). He has been a visiting professor at Hitotsubashi University, the University of Tokyo, and the University of Bombay. Professor Patrick has been awarded Guggenheim and Fulbright fellowships and the Ohira Prize. His professional publications include 16 books and some 60 articles and essays. His major fields of published research on Japan include macroeconomic performance and policy, banking and financial markets, government-business relations, and Japan-United States economic relations. His recent publications include Reviving Japan's Economy: Problems and Prescriptions (MIT Press, 2005), coauthored and coedited with Takatoshi Ito and David E. Weinstein; and How Finance Is Shaping the Economies of China, Japan, and Korea (Columbia University Press, pending, 2013), co-edited with Yung Chul Park. Other publications include: Crisis and Change in the Japanese Financial System (with Takeo Hoshi); The Japanese Main Bank System (with Masahiko Aoki); The Financial Development of Japan, Korea and Taiwan (with Yung Chul Park); Pacific Basin Industries in Distress: Structural Adjustment and Trade Policy in Nine Industrialized Economies; Regulating International Financial Markets: Policies and Issues (with Franklin Edwards); Japan's High Technology Industries: Lessons and Limitations of Industrial Policy; and Asia's New Giant: How the Japanese Economy Works (with Henry Rosovsky). He served as one of the four American members of the binational Japan-United States Economic Relations Group appointed by President Carter and Prime Minister Ohira from 1979 to 1981. He is on the Board of Directors of the United States Asia Pacific Council and has been a member of the Council of Foreign Relations since 1974. He was chairman of the International Steering Committee for the conference series on Pacific Trade and Development (PAFTAD) between 1985 and 2005, having served on the committee since PAFTAD's inception in 1968. He was on the board of the Social Science Research Council from 1982 to 1988 and served as its chairman from 1985 to 1988. He was a member of the Board of Directors of the Japan Society for seven three-year terms. He is a Senior Scholar of the Jerome A. Chazen Institute of International Business. In November 1994, the Government of Japan awarded him the Order of the Sacred Treasure, Gold and Silver Star (Kunnito Zuihosho). He was awarded an honorary doctorate of social sciences by Lingnan University, Hong Kong, in 2000. He also received an Eagle on the World award by the Japanese Chamber of Commerce and Industry of New York, Inc., in November 2010.

Memberships & Affiliations

Member, Council on Foreign Relations

Member, Board of Directors, US National Committee for Pacific Economic Cooperation

Editorial Advisory Committee, Japanese Economic Studies

E-journal

Chair, Finance Committee, Association for Asian Studies

Research

Journal articles

From PAFTAD to APEC: Economist, Networks and Public Policymaking In Critical Perspectives in World Economy (2007)
Coauthor(s): Hugh Patrick, Peter Drysdale, Takashi Terada

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Books

How Finance Is Shaping the Economies of China, Japan, and Korea (2013)
Coauthor(s): Hugh Patrick, Yung Chul Park

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Reviving Japan''s Economy: Problems and Prescriptions (2005)
Coauthor(s): Hugh Patrick, David Weinstein, Takatoshi Ito

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Crisis and Change in the Japanese Financial System (2000)
Coauthor(s): Takeo Hoshi, Hugh Patrick

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The Japanese Main Bank System: Its Relevance for Developing and Transforming Economies (1995)
Coauthor(s): Masahiko Aoki, Hugh Patrick

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The Financial Development of Japan, Korea, and Taiwan: Growth, Repression, and Liberalization (1994)
Coauthor(s): Hugh Patrick, Yung Chul Park

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The Political Economy of Japan: Cultural and Social Dynamics (1992)
Coauthor(s): Hugh Patrick, Yasuake Murakami

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Regulating Internal Financial Markets: Issues and Policies (1991)
Coauthor(s): Hugh Patrick, Franklin Edwards

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Aggressive Unilateralism: America''s 301 Trade Policy and the World Trading System (1990)
Coauthor(s): Hugh Patrick, Jagdish Bhagwati

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Pacific Basin Industries in Distress: Structural Adjustment and Trade Policy in Nine Industrialized Economies (1990)
Coauthor(s): Hugh Patrick, Larry Meissner

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The Political Economy of Japan: The Changing International Context (1988)
Coauthor(s): Hugh Patrick, Yasuake Murakami

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Japan and the United States Today: Exchange Rates, Macroeconomic Policies. and Financial Market Innovations (1987)
Coauthor(s): Hugh Patrick, Ryuichiro Tachi

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The Political Economy of Japan: The Domestic Transformation (1987)
Coauthor(s): Hugh Patrick

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Japan''s High Technology Industries: Lessons and Limitations of Industrial Policy (1986)
Coauthor(s): Hugh Patrick

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Supplemental Report of the Japan - United States Economic Relations Group (1981)
Coauthor(s): Hugh Patrick

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Report of the Japan - United States Economic Relations Group (1981)
Coauthor(s): Hugh Patrick

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Ajia no Kyojin - Nihon (1978)
Coauthor(s): Hugh Patrick, Henry Rosovsky

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Mineral Resources in the Pacific Area: Papers and Proceedings of the North Pacific Trade and Development Conference (1978)
Coauthor(s): Hugh Patrick, Lawrence Krause

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Asia''s New Giant: How the Japanese Economy Works (1976)
Coauthor(s): Hugh Patrick, Henry Rosovsky

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Asia''s New Giant: How the Japanese Economy Works (1976)
Coauthor(s): Hugh Patrick

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Japanese Industrialization and Its Social Consequences (1976)
Coauthor(s): Hugh Patrick

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Financial Structure of Korea (1965)
Coauthor(s): Hugh Patrick, J. G. Gurley, E. S. Shaw

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Monetary Policy and Central Banking in Contemporary Japan (1962)
Coauthor(s): Hugh Patrick

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Chapters

Japan and the International Monetary Regime In The Political Economy of Japan: The Changing International Context (1988)
Coauthor(s): Hugh Patrick

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Web-only articles

Japan''s Economy: Finally Finding Its Way to Full Employment and Sustained Growth In Chazen Web Journal of Intenational Business (2005)
Coauthor(s): Hugh Patrick

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Working papers

Japan''s Economy: The Idiosyncratic Recovery Continues (2007)
Coauthor(s): Hugh Patrick

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Whither the Japanese Economy? (2004)
Coauthor(s): Hugh Patrick

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Awards And Honors

Eagle on the World Award, 2010

Japanese Chamber of Commerce and Industry of New York

Honorary Doctor of Social Science, 2000

Lingnan University, Hong Kong

Government of Japan, Order of the Sacred Treasure, Gold and Silver Star , 1994

Kunnito Zuihosho

Ohira Masayoshi Prize, 1992

For book on Pacific Basin Industries in Distress

Guggenheim Fellow, 1964