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Asia has long been a driver of global growth. Its next chapter, however, will unfold amid profound demographic transitions, rising geopolitical tensions and rapid technological changes. The Tokyo edition of the Growth Academy continues a global effort to shape the future of economic prosperity through collaborative research, innovative policy design, and evidence-based, interactive dialogues.

Co-led by the World Bank Group and the University of Chicago, the Growth Academy has previously convened leading thinkers and policymakers in Chicago, Washington D.C., Cairo, and Bucharest, and Jakarta. Each edition builds a bridge between rigorous analytics and actionable country strategies, fostering partnerships that have shaped growth debates in more than 30 countries.

In Tokyo, the Growth Academy aims to establish a regional hub for Asia-focused collaboration, addressing the region’s evolving growth challenges and opportunities, from energy transitions and gender equality to technological transformation and business dynamism. Through a mix of open sessions and targeted workshops, the program seeks to translate analytical insights into concrete strategies for sustainable, inclusive growth.

Organizers

The conference is jointly organized by the World Bank Group Institute for Economic Development (IED) Tokyo Center, the Japanese Association for Development Economics (JADE), the University of Chicago’s Becker Friedman Institute for Economics, the Asian Development Bank Institute (ADBI), and the United Nations University (UNU). The organizers gratefully acknowledge the generous support of the Japanese Ministry of Finance, whose partnership has made this event possible.

 

Grwoth Academy December 2025 Event Organizers 


Partners
 

Growth Academy Event Partners

 

📆 Monday, December 15, 2025

🙧 The time listed in the agenda Japan Standard time (JST). 🙥

 

🕜 1:30–1:45 PM (JST)
 
Welcoming Remarks
  • Takaaki Nomoto, Director, Multilateral Development Banks Division, Ministry of Finance, Japan
  • Tetsushi Sonobe, President, Japanese Association for Development Economics (JADE) and Professor, National Graduate Institute for Policy Studies (GRIPS)
  • Bambang Brodjonegoro, Dean, Asian Development Bank Institute (ADBI) 

 

🕜 1:45–2:00 PM (JST)
 
Opening Remarks
  • Somik Lall, Senior Adviser to the WBG Chief Economist, the World Bank Group and Co-Director, Growth Academy 
  • Ufuk Akcigit, Arnold C. Harberger Professor of Economics, University of Chicago; Co-Director, Growth Academy 

 

🕑 2:00–3:30 PM (JST)
 
Keynote Presentation: Japan’s Development Story 

The keynote session highlights Japan’s experience of rapid economic growth and transition to a regional and global economic leader. It examines the drivers behind its successful transition, including innovative management practices, industrial development, integration into global value chains, and resilient financial systems. Drawing on insights from leading researchers in development economics, international trade, and finance, the session reflects on how Japan’s experience offers valuable lessons for countries seeking to escape middle-income trap and achieve sustained economic growth.

 

  • Keijiro Otsuka, Emeritus Professor, National Graduate Institute for Policy Studies (GRIPS), Japan 
  • Fukunari Kimura, President, Institute for Developing Economies (IDE)-JETRO
  • Kenichi Ueda, Director, Center for Advanced Research in Finance (CARF), University of Tokyo

 

Chair:

Tetsushi Sonobe, President, Japanese Association for Development Economics (JADE) and Professor, National Graduate Institute for Policy Studies (GRIPS) 

 

🕒 3:30–4:00 PM (JST)
 
🍵 Coffee Break
 
🕞 4:00–5:30 PM (JST)
 
The Middle-Income Trap and Asia’s Next Growth Chapter

Asia’s growth story is not a single narrative but a tapestry of diverse voices, pathways, and policy choices. While common challenges persist, countries pursue growth through different structures and strategies. This session will convene leading thinkers and policymakers to examine how to adapt the lessons from the World Development Report 2024 (WDR2024) on the middle-income trap. Particularly, the discussion will focus on how best to customize the WDR2024 into Asian context, explore what comes next for Asia, and deliberate on how the region’s next growth story will help shape the future of the global economy.

 

Presenter:

Somik Lall, Senior Adviser to the WBG Chief Economist, the World Bank Group and Co-Director, Growth Academy

 

Panelists:

  • Indermit Gill, WBG Chief Economist and Senior Vice President for Development Economics
  • Erik Berglof, Chief Economist, Asian Infrastructure Investment Bank
  • Aya Suzuki, Senior Vice Rector, United Nations University, and Professor, Department of International Studies, Graduate School of Frontier Sciences, University of Tokyo
  • Yang Yao, Dean, Dishuihu Advanced Finance Institute, Shanghai University of Finance and Economics

 

Chair:

Wempi Saputra, Executive Director of the Office Executive Director of the World Bank Group of Southeast Asia


📆 Tuesday, December 16, 2025

 

🕘 9:00–10:30 AM (JST)
 
Business Dynamism

 

This session delves into the micro foundations of economic growth — how business dynamism, firm entry and exit, and distortions at the firm level shape productivity and aggregate growth outcomes. Drawing on research on entry barriers, firm-size distributions, and dynamic models of innovation and reallocation, the session will unpack why some economies struggle to grow despite capital accumulation, and how well-targeted reforms can reignite productivity.

 

Presenter:

Ufuk Akcigit, Arnold C. Harberger Professor of Economics, University of Chicago; Co-Director, Growth Academy

 

Panelists:

  • Jaehan Cho, Director of Industrial Innovation Policy Division, Korea Institute for Industrial Economics & Trade (KIET)
  • Yukiko Saito, Professor, Faculty of Political Science and Economics, Waseda University
  • Yuhei Miyauchi, Assistant professor at the Department of Economics, Boston University
  • Doan Thi Thanh Ha, Economist, Economic Research Institute for ASEAN and East Asia (ERIA) 
  • Rachita Gulati, Research Economist, Asian Development Bank Institute 

 

Chair:

Hisaki Kono, Professor, Graduate School of Economics, Kyoto University, Japan 

 

🕥 10:30 –11:00 AM (JST)
 
🍵 Coffee Break

 

🕚 11:00 –12:30 PM (JST)
 
Technology Investment, Infusion and Innovation 

As Asia’s middle-income economies face tightening global constraints and diminishing returns to traditional growth strategies, the challenge ahead is no longer “just invest more” — but rather to create a dynamic trajectory through technology adoption, infusion, and ultimately endogenous innovation. This session will critically engage the “3i” framework advanced in the World Development Report 2024 — investment, infusion, and innovation — and explore what the next phase of policy, institutional, and business action looks like in practice for Asian economies.

 

Presenter:

Younghun Shim, Economist, the International Monetary Fund

 

Panelists:

  • Keun Lee, Professor of Economics, Seoul National University, Korea
  • Jose Ramon Albert, Senior Research Fellow of the Philippine Institute for Development Studies, Philippines
  • Rachel Gong, Deputy Director of Research, the Khazanah Research Institute, Malaysia
  • Yerzhan Abish, Head of Division, the Socio-Economic Policy Department of the President Administration, the Republic of Kazakhstan

 

Chair:

Izumi Ohno, Professor at the National Graduate Institute for Policy Studies (GRIPS); Senior Research Adviser, the Japan International Cooperation Agency (JICA) Ogata Sadako Research Institute for Peace and Development.

 

🕧 12:30 –1:30 PM (JST)
 
🍽 Lunch Break

 

🕜 1:30 –3:00 PM (JST)
 
Talent Allocation 

Middle-income countries have smaller reservoirs of skilled talent than advanced economies and are also less efficient at utilizing them. Barriers such as social background and institutional inefficiencies prevent many workers from matching their abilities to suitable jobs, limiting productivity and growth. This session will explore the challenges and opportunities in fostering an environment where talent is recognized and rewarded, and discuss strategies and policies to allocate talent and human capital more efficiently.

 

Presenter:

Roberto N. Fattal Jaef, Senior Economist, Development Research Group, the World Bank Group

 

Panelist:

  • Jahen F. Rezki, Vice Director of Research, Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia, Indonesia
  • Calvin Cheng, Director, Economics program, Institute of Strategic & International Studies, Malaysia
  • Ayako Kondo, Professor, Institute for Social Science, University of Tokyo, Japan
  • Kyetaik Oh, Senior Economist, Korea Labor Institute

 

Chair

Yasuyuki Sawada, Vice President, Japanese Association for Development Economics (JADE) JADE; Professor, University of Tokyo, Japan

 

🕒 3:00 –3:30 PM
 
🍵 Coffee Break

 

🕞 3:30 –5:00 PM (JST)
 
Energy and Economic Growth  

 

This session will explore the vital connection between energy systems and long-term economic growth. It will show how improving energy efficiency, restructuring incumbent energy systems, and fostering contestable markets are essential for sustaining growth. The discussion will also highlight how distortions in energy markets, persistent subsidies, and the slow spread of clean technologies can impede progress and lock economies into carbon-intensive trajectories. Finally, the session will underscore the importance of regional cooperation in driving efficient, low-carbon growth across borders.

Presenter:

Maria Vagliasindi, Lead Economist, Development Policy Department, World Bank Development Economics

Panelists:

  • Zulfikar Yurnaidi, Manager of Energy Modeling and Policy Planning, ASEAN Centre for Energy
  • Abid Qaiyum Suleri, the Executive Director of the Sustainable Development Policy Institute, Pakistan (SDPI)
  • Yukari Yamashita, Managing Director, Energy Data and Modelling Center, The Institute of Energy Economics, Japan
  • Nanda Kumar Janardhanan, Deputy Director of Climate Change Unite at the Institute for Global Environmental Strategies (IGES), Japan

Chair:

Somik Lall, Senior Adviser to the WBG Chief Economist, the World Bank Group and Co-Director, Growth Academy

 

🕔 5:00 –5:10 PM (JST)
 
Closing Remarks 

 

  • Indermit Gill, Chief Economist and Senior Vice President, World Bank Group

 

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Indermit Gill

Chief Economist & Senior Vice President for Development Economics, World Bank Group

Indermit Gill is the Chief Economist and Senior Vice President for Development Economics at the World Bank Group, a role he assumed on September 1, 2022. He previously served as Vice President for Equitable Growth, Finance, and Institutions, where he helped shape the Bank’s response to the global shocks facing developing economies since 2020. Before returning to the World Bank, he was a professor of public policy at Duke University and a non-resident senior fellow in the Global Economy and Development program at the Brookings Institution. Indermit also led the influential 2009 World Development Report on economic geography and introduced the widely used concept of the “middle-income trap.” He also guided the 2024 World Development Report, which outlines how countries can adopt modern technologies and boost innovation to avoid stagnation. He has published extensively on sovereign debt, green growth, natural-resource wealth, labor markets, and inequality. Indermit has taught at Georgetown University and the University of Chicago and holds a Ph.D. in economics from the University of Chicago.

Keijiro Otsuka, Emeritus Professor, GRIPS

Keijiro Otsuka

Emeritus Professor, GRIPS

Keijiro Otsuka  is an Emeritus Professor at National Graduate Institute for Policy Studies (GRIPS) and one of Asia’s most renowned development economists. His research covers agricultural transformation, industrial upgrading, and rural development in Asia and Africa. Over four decades, he has produced seminal work on productivity growth at the farm, firm, and sector levels. His comparative perspective provides powerful insights into how countries transition from low productivity to sustained growth.

Erik Berglof, Chief Economist, AIIB

Erik Berglof

Chief Economist, AIIB

Erik Berglof is Chief Economist of the Asian Infrastructure Investment Bank (AIIB). Prior to joining AIIB in September 2020, he was Director of the Institute of Global Affairs, London School of Economics, and Chief Economist of the European Bank for Reconstruction and Development from 2006 to 2015, where he was part of creating, and co-led, the Vienna Initiative, a European crisis response team credited with mitigating the impact of the 2008 Global Financial Crisis. He is an expert in transition economics and institutional transformation through private sector development. 

Tetsushi Sonobe, President, JADE

Tetsushi Sonobe

President, JADE; Professor, GRIPS

Tetsushi Sonobe is President of the Japanese Association for Development Economics (JADE) and a Professor at National Graduate Institute for Policy Studies (GRIPS). A leading scholar in development economics, specializing in industrial development, poverty reduction, and development strategy. He previously served as Dean and CEO of the Asian Development Bank Institute, where he strengthened Asia-focused research and policy engagement. His research spans Africa, South Asia, and East Asia. 

Fukunari Kimura, President, IDE

Fukunari Kimura

President, IDE-JETRO

Fukunari Kimura is President of the Institute for Developing Economies (IDE-JETRO) and an authority on international trade and global value chains. His research has been developed along the three pillars: (i) the analysis on the evolving mechanism of the international division of labor with deepening globalization, (ii) empirical and policy studies on trade and industrial promotion policies and economic integration/World Trade Organization (WTO) responding to globalization, and (iii) the formation of development strategies for newly developed and developing countries that effectively utilize globalization forces. He has served as Chief Economist at the Economic Research Institute for ASEAN and East Asia (ERIA) for 16 years while teaching and conducting research at Keio University. 

Bambang Brodjonegoro, Dean, ADBI

Bambang Brodjonegoro

Dean, ADBI

Bambang Brodjonegoro is the Dean of the Asian Development Bank Institute and one of Indonesia’s most distinguished economists. He has served in several cabinet roles, including Minister of Finance and Minister of National Development Planning, guiding major fiscal and structural reforms. His work focuses on inclusive growth, industrial transformation, and infrastructure financing. He brings deep experience bridging research, policy, and implementation across emerging economies.

Somik Lall is Senior Adviser to the Chief Economist of the World Bank Group

Somik Lall

Senior Adviser in the Office of the World Bank Group Chief Economist.

Somik Lall is Senior Adviser in the Office of the World Bank Group Chief Economist. Dr. Lall has recently directed the World Bank's 2024 World Development Report that examines how middle-income countries can break into the ranks of the wealthiest economies. He is also a co-founder of the Growth Academy, a joint initiative between the World Bank and the University of Chicago to advance joint research programs on economic growth with think tanks in emerging economies. Previously, he headed the climate economics and policy team in the World Bank’s Equitable Growth, Finance, and Institutions vice presidency. His other roles include being the Global Lead for territorial development and Lead Economist for the World Bank’s Cities Practice. Dr. Lall also teaches at Johns Hopkins University and has been a Visiting Professor at the National Institute of Public Finance and Policy in New Delhi.

Ufuk Akcigit, Professor, University of Chicago

Ufuk Akcigit

Arnold C. Harberger Professor, University of Chicago; Co-Director, Growth Academy

Ufuk Akcigit is a Research Professor and Head of the Research Group on the Economic Gap between East and West Germany at the Halle Institute for Economic Research (IWH). He also serves as Co-Director of the Growth Academy, Research Associate at the National Bureau of Economic Research (NBER), and Research Affiliate with the Centre for Economic Policy Research (CEPR).

Kenichi Ueda. Director, CARF, University of Tokyo:

Kenichi Ueda

Director, CARF, University of Tokyo

Kenichi Ueda is Director of the Center for Advanced Research in Finance at the University of Tokyo. His research spans macro-finance, financial stability, and the role of financial systems in macroeconomic growth. Before joining academia, he served as an economist at the International Monetary Fund. He brings both rigorous financial modeling and practical policy insight to discussions on Japan’s economic transformation.

Ayako Kondo, Professor, Institute for Social Science, University of Tokyo

Aya Suzuki

Senior Vice Rector, UNU; Professor, University of Tokyo

Aya Suzuki is a development economist, professor at the Department of International Studies, Graduate School of Frontier Sciences, the University of Tokyo, and the Senior Vice Rector of the United Nations University. Her primal research interests are in poverty reduction and the role that high-value agriculture can play to achieve that goal. She has studied various issues that smallholder farmers in Africa and Asia face, particularly in regards to their linkages with the global food systems, based on field surveys and randomized controlled trials. She is a founding board member of the Japanese Association for Development Economics and an editorial board member of the Asian Development Review, published by the Asian Development Bank. She obtained her Ph.D. from the Department of Agricultural and Resource Economics, the University of California, Davis. She also serves as a Special Assistant to the President and a Deputy Director General, Division of University Corporate Relations at the University of Tokyo. 

Executive Director EDS16

Wempi Saputra

Executive Director, WBG Southeast Asia Office

Wempi Saputra serves as the Executive Director of the Office Executive Director of the World Bank Group of Southeast Asia, which represents Brunei Darussalam, Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, and Vietnam. He previously served as Indonesia’s Assistant Minister of Finance, where he contributed to fiscal reform and international economic cooperation. At the World Bank, he engages directly with global policy and lending decisions. His work highlights the unique growth priorities of the region’s emerging economies.

Director, Industrial Innovation Policy Division, KIET

Jaehan Cho

Director, Industrial Innovation Policy Division, KIET

Jaehan Cho is Director of the Industrial Innovation Policy Division at the Korea Institute for Industrial Economics and Trade. His work focuses on industrial upgrading, technological competitiveness, and the evolution of manufacturing ecosystems. He has advised the Korean government on innovation strategy and policy reforms. His analysis blends empirical research with insights from Korea’s rapid industrialization.

Yukiko Saito, Professor, Waseda University

Yukiko Saito

Professor, Waseda University

Yukiko Saito is a Professor at Waseda University specializing in special economics and network analysis. She received a Ph.D in physics from the University of Tokyo, and worked for a private research instutute, Fujitsu Research Institute for 10 years.  Then she moved to a public research institute, Research Institute of Economy, Trade and Industry (RIETI) in 2012 and started academic research for policy implication. Her main research interest is spatial economics.

Rachita Gulati, Research Economist, ADBI

Rachita Gulati

Research Economist, the Asian Development Bank Institute

Rachita Gulati is a Research Economist at the Asian Development Bank Institute. She is also a faculty member at the Indian Institute of Technology (IIT) Roorkee, India. Previously, she held the prestigious Subir Chowdhury Visiting Fellowship (2017–2018) at the London School of Economics and Political Sciences. She has also served on the faculty at the Indian Institute of Management (IIM) Kashipur. With over 15 years of academic and research experience, she specializes in banking and financial institutions, regulation and financial stability, corporate governance, inclusive banking, bank digitalization, applied econometrics, and efficiency and productivity analysis. Her research has been published in leading peer-reviewed journals, such as Omega, Empirical Economics, Computational Economics, Quarterly Review of Economics and Finance, Asia-Pacific Journal of Management, Economic Modelling, Research in International Business and Finance, and The North American Journal of Finance and Accounting, among others. 

Hisaki Kono, Professor, Graduate School of Economics, Kyoto University:

Hisaki Kono

Professor, Graduate School of Economics, Kyoto University

Hisaki Kono is a Professor of Economics at Kyoto University, His research focuses on quantitative analyses on poverty reduction, design of microcredit and insurance for the poor, education, market integration, and trade. Both of economic theory and econometrics are quite helpful to identify the impact of poverty reduction programs, to evaluate the effectiveness of market system, and to consider better program design.

Keun Lee, Professor of Economics, Seoul National University:

Keun Lee

Professor of Economics, Seoul National University

Keun Lee is a Distinguished Professor at School of Economic, Chung-Ang University; emeritus from Seoul National University (Econ. Dept), and the winner of the 2014 Schumpeter Prize for his monograph on Schumpeterian Analysis of Economic Catch-up (2013 Cambridge Univ. Press), as well as 2019 Kapp Prize from EAEPE (European Association of Evolutionary Political Economy). He is a leading global scholar on innovation systems and economic catching-up. He studies how latecomer economies build technological capabilities and move up global value chains. 

Jose Ramon Albert , Senior Research Fellow, PIDS, Philippines:

Jose Ramon Alber

Senior Research Fellow, PIDS, Philippines

Jose Ramon Albert is a Senior Research Fellow at the Philippine Institute for Development Studies (PIDS), where he leads policy research at the nexus of data analytics, emerging technologies, and inclusive development. He holds a B.S. in Applied Mathematics (summa cum laude) from De La Salle University (1988), an M.S. in Statistics (1989), and a Ph.D. in Statistics (1993), all from the State University of New York at Stony Brook. In 2025, he participated in the World Bank-supported Growth Academy at the University of Chicago, advancing his expertise in economic growth strategies. Albert's research spans critical policy domains, including poverty and social protection, basic education, the middle class, gender equality, disability and social inclusion, innovation and ICT, and climate change.

Rachel Gong, Senior Research Associate, Khazanah Research Institute, Malaysia

Rachel Gong

Rachel Gong, Deputy Director of Research, the Khazanah Research Institute, Malaysia

Rachel Gong is a Deputy Director of Research at Khazanah Research Institute (KRI). Her research aims to improve digital inclusion and digital governance. She established KRI’s research track on digital technologies with the book, "#NetworkedNation: Navigating Challenges, Realising Opportunities of Digital Transformation” and continues to lead the team working on digital transformation and digital policy. She has published work on digital health records and artificial intelligence, and her ongoing interests lie in digital public infrastructure, specifically digital identity, digital payments and data exchange.

Ohno Izumi, Professor Emeritus and Adjunct Professor at the National Graduate Institute for Policy Studies (GRIPS)

Izumi Ohno

Izumi Ohno specializes in international development policy, Japanese development cooperation, industrial development cooperation, business and development. She is a Professor Emeritus and Adjunct Professor at the National Graduate Institute for Policy Studies (GRIPS) in Japan, where she served as Professor during 2002-2024 (March). During Oct. 2018-Sept. 2020, she was Director of the Japan International Cooperation Agency (JICA) Ogata Sadako Research Institute for Peace and Development, and continues to serve as Senior Research Advisor to the JICA Ogata Research Institute. Prior to joining GRIPS, she worked at JICA, the World Bank, and the Japan Bank for International Cooperation (JBIC). She graduated from the Tsuda College (Tokyo), and holds a MPA from the Princeton School of Public and International Affairs (SPIA) at the Princeton University in USA. She was awarded the 2023 Foreign Minister’s Commendation for her contribution to the promotion of international cooperation.

Roberto N. Fattal Jaef Senior Economist, Development Economics Vice-Presidency

Roberto N. Fattal Jaef

Senior Economist, Development Research Group, World Bank

Roberto N. Fattal Jaef is a Senior Economist in the Macroeconomics and Growth team of the World Bank’s Research Department. His research interests cover various areas of macroeconomics, with a special emphasis on economic growth. Current and recent research topics include: 1) understanding the role of market distortions for firm level behavior, entrepreneurship, and long run macroeconomic outcomes; 2) investigating the micro and macro patterns of transition growth paths, 3) studying the role of credit for the business cycle. Prior to joining the Bank, he worked at the International Monetary Fund’s Research department (2011-2013). He holds a Ph.D. in Economics from UCLA. 

Jahen F. Rezki, Vice Director of Research, LPEM-FEB Universitas Indonesia

Jahen F. Rezk

Vice Director of Research, LPEM-FEB Universitas Indonesia

Jahen F. Rezki is the Vice Director of Research at the Institute for Economic and Social Research (LPEM-FEB UI) and an assistant professor at the Faculty of Economics and Business, Universitas Indonesia (FEB-UI). His research interests include macro development economics, political economy, applied macroeconomics, and impact evaluation.  Jahen's current research focus is on the impact of industrial policy in Indonesia. He also investigates the role of digital transformation and payment systems on demand for cash. Jahen’s work also focuses on the political economy of development in Indonesia.

Calvin Cheng, Director, Economics Program, ISIS Malaysia

Calvin Cheng

Director, Economics Program, ISIS Malaysia

Calvin Cheng is the Director of the Economics, Trade, and Regional Integration division at the Institute of Strategic and International Studies (ISIS) Malaysia. His research covers various topics in applied economics, centering around labour markets, wellbeing, and the design of social transfer programmes. Some of his current projects examine how emerging technologies such as generative AI shape the future of work, wellbeing, and inequality. He also leads the Institute’s economics research across its work areas and coordinates cross‑team projects and external collaborations. 

Ayako Kondo, Professor, Institute for Social Science, University of Tokyo

Ayako Kondo

Professor, Institute for Social Science, University of Tokyo

Ayako Kondo is a Professor of Economics at the Institute of Social Science, University of Tokyo. Previously, she served as an associate professor at the Faculty of International Social Sciences, Yokohama National University (2013-2016), associate professor at the Faculty of Economics, Hosei University (2011-2013), and assistant professor at the Institute of Social and Economic Research, Osaka University (2009-2011). She received a M.A. in Economics from the University of Tokyo and a Ph.D. in Economics from Columbia University Her research interests are in the areas of labour economics and public economics, and include topics such as long term effects of a recession at youth, evaluation of policies to promote elderly employment, and peer effects from neighbors. 

Kyetaik Oh, Senior Economist, Korea Labor Institute, Korea

Kyetaik Oh

Senior Economist, Korea Labor Institute

Kyetaik Oh is the Director of the Industrial Relations Research Division at the Korea Labor Institute, where he also serves as a Research Fellow. A specialist in human resource management, organizational behavior and labor market analysis, he brings more than two decades of experience conducting research on employment creation, wage systems, workplace innovation, and youth labor market dynamics. Dr. Oh earned his Ph.D. in Human Resource Management from the University of Wisconsin–Madison and previously held academic appointments at Chungang University and Hanyang University. His work spans extensive government-commissioned research, publications on strategic HRM and job attitudes, and international teaching and workshop engagements across Asia and Africa.

Yasuyuki Sawada, Vice President, JADE; Professor, University of Tokyo

Yasuyuki Sawada

Vice President, JADE; Professor, University of Tokyo

Yasuyuki Sawada is Vice President of the Japanese Association for Development Economics and a Professor at the University of Tokyo. He previously served as Chief Economist of the Asian Development Bank, where he led the institution’s research and knowledge agenda. His work spans the following three issues: First, socio-economic impact assessments of disasters triggered by natural hazards and human activities; second, empirical studies and policy evaluation using micro data, field experimental data, and big data from developing countries; and third, macro-empirical investigations of mechanisms behind phenomenal development success of the Asian economies.

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Maria Vagliasindi

Lead Economist, Development Policy Department, World Bank Development Economics

Maria Vagliasindi is Lead Economist in the Development Policy Department of the World Bank Development Economics. She has written widely on the economics of competition, regulation, and public-private partnerships (PPPs), and also on governance of state-owned enterprises. Before joining the World Bank, she worked in the Chief Economist’s Office of the European Bank of Reconstruction and Development. She has also been teaching industrial and public economics at the University of Edinburgh. Maria holds an MPhil in Economics from the University of Oxford and a PhD in Economics from the University of Warwick.

Zulfikar Yurnaidi, Manager, Energy Modeling & Policy Planning, ASEAN Centre for Energy

Zulfikar Yurnaidi

Manager, Energy Modeling & Policy Planning, ASEAN Centre for Energ

Zulfikar Yurnaidi is the Head of Energy Modelling, Policy and Planning (MPP) Department of the ASEAN Centre for Energy (ACE). It consists of four units, namely, modeling-outlook, data-statistics, economic-finance, and socio-climate. His flagship initiatives include the ASEAN Energy Outlook, ASEAN Energy Database System, ASEAN Energy Investment Report, and ASEAN Climate Change and Energy Project. He was also the Acting Head of Energy Efficiency and Conservation (CEE) Department and the Project Manager of the 7th ASEAN Energy Outlook (AEO7). Prior to ACE, he was a researcher in the Green Technology Center (GTC) and Ajou University, South Korea. With a PhD in Energy Systems, his expertise focuses on energy modelling, green technologies, and energy economics. 

Abid Qaiyum Suleri, Executive Director, SDPI, Pakistan

Abid Qaiyum Suleri

Executive Director, SDPI, Pakistan

Abid Qaiyum Suleri is the Executive Director of the Sustainable Development Policy Institute (SDPI). He is a leading expert on sustainable development, the political economy of public policy, food security, and climate change. He serves on leading international and national policy forums and has represented Pakistan in numerous official and civil society delegations worldwide. Dr Suleri currently sits on the Advisory Council of the Asian Development Bank Institute. He chairs the Board of Directors of the National Disaster Risk Management Fund (NDRMF) and serves on the Pakistan Climate Change Council, the Board of Directors of the Benazir Income Support Programme (BISP), and the Board of Governors of the National School of Public Policy.

Yukari Yamashita, Managing Director, Energy Data & Modelling Center, IEEJ

Yukari Yamashit

Managing Director, Energy Data & Modelling Center, IEEJ

Yukari Yamashita is Managing Director of the Energy Data and Modelling Center at the Institute of Energy Economics, Japan. She leads Japan’s premier analytical team on energy demand forecasting, technology scenarios, and transition modelling. Her work informs national and industry strategies for energy security and decarbonization. She provides a data-driven perspective on the link between energy systems and growth.

Yerzhan Abish, Head of Division, the Socio-Economic Policy Department of the President Administration, the Republic of Kaza

Yerzhan Abish

Head of Division, the Socio-Economic Policy Department of the President Administration, the Republic of Kazakhstan

Yerzhan Abish is a Kazakh public policy professional currently serving as Head of Division at the President Administration of Kazakhstan. He previously led international economic cooperation at the Ministry of National Economy, coordinating intergovernmental commissions and securing major development-policy financing from international financial institutions. Prior to that, he worked at the National Bank of Kazakhstan, focusing on macroeconomic analysis and proposals for financial market development. Yerzhan began his career in the retail banking sector and holds a Master’s degree from the London School of Economics. His expertise spans economic policy, international cooperation, development financing, and strategic reform implementation. 

Nanda Kumar Janardhanan, Deputy Director of Climate Change Unite at the Institute for Global Environmental Strategies

Nanda Kumar Janardhanan

Deputy Director, Climate Change Unite, Institute for Global Environmental Strategies (IGES), Japan

Nanda Kumar Janardhanan is the Deputy Director of the Climate Change unit at the Institute for Global Environmental Strategies (IGES) in Japan. His areas of interest include just transition, climate security, energy policy, technology co-innovation, critical minerals, hydrogen, and air pollution. 
Dr. Janardhanan has over two decades of experience in policy research, market analysis, and academia. He has taught at several prestigious institutions, including Kyoto University (Japan), the Federal University of Bahia (Brazil), and Jawaharlal Nehru University (India). 
He has also worked with leading think tanks in India and Japan, such as the Institute for Defence Studies and Analyses (IDSA, India) and the Japan Institute for International Affairs (JIIA, Japan). He previously served as a Fellow with the Climate CoLab initiative of the Massachusetts Institute of Technology (MIT), and currently holds Adjunct Fellow positions with the Institute of Chinese Studies (India) and the Institute of Australia India Engagement (Australia). 

Yuhei Miyauchi, Assistant professor at the Department of Economics, Boston University

Yuhei Miyauchi

Assistant professor at the Department of Economics, Boston University

Yuhei Miyauchi’s primary research interest is to understand how socio-economic activity is shaped within cities and across regions. Yuhei tackles these questions using a combination of theory and new sources of granular data, such as cell phone, smartphone transaction data and firm-level transaction data.

•	Yang Yao, Professor, Director of China Center for Economic Research, Executive Director of Institute of South-South Coopera

Yang Yao

Dean, Dishuihu Advanced Finance Institute, Shanghai University of Finance and Economics

Yang Yao Yang holds the position of Chair Professor of Economics at Peking University. He is also the Executive Director of the Institute of South-South Cooperation and Development (ISSCAD), and Director of the China Center for Economic Research. His academic and administrative roles underscore his significant influence in the field of economics, both in China and internationally.

Younghun Shim, Economist, IMF

Younghun Shim

Economist, International Monetary Fund

Younghun Shim is an Economist at the International Monetary Fund. His research spans macroeconomics, economic growth, and international trade, with a particular emphasis on the role of technology in the development process. His current and recent projects examine: (1) the transition from technology adoption to domestic innovation as countries develop and the implications for technology policy; (2) how technology transfer through multinational joint ventures has contributed to China’s growth and shaped global competition; and (3) the role of industrial policy and large firms in the development experiences of countries such as Korea. Prior to joining the IMF, he completed his Ph.D. in Economics at the University of Chicago. He also holds an MA and a BA in Economics from Yonsei University.

Doan Thi Thanh Ha, Economist, Economic Research Institute for ASEAN and East Asia (ERIA)

Doan Thi Thanh Ha

Economist, Economic Research Institute for ASEAN and East Asia (ERIA)

Dr. Doan is an Economist at the Economic Research Institute for ASEAN and East Asia (ERIA) in Jakarta. Her research interests include industrial organization, international trade, regulatory reform and ASEAN economic integration. She has intensively involved in various research-based policy development projects and capacity building programs at ERIA in collaboration with international think tanks, ASEAN Member States and their dialogue partners. Her works cover topics related to trade facilitation and economic integration; globalization and firms’ behaviour; participation in global value chains and labour market outcome; technology exposure and employment; productivity improvement of the private sector in selected East Asian countries, among others. Before joining ERIA, Dr. Doan was a Research Associate at the Asian Development Bank Institute in Tokyo.

Grwoth Academy December 2025 Event Organizers

 

The conference is jointly organized by the World Bank Group Institute for Economic Development (IED) Tokyo Center, the Japanese Association for Development Economics (JADE), the University of Chicago’s Becker Friedman Institute for Economics, the Asian Development Bank Institute (ADBI), and the United Nations University (UNU). The organizers gratefully acknowledge the generous support of the Japanese Ministry of Finance, whose partnership has made this event possible.

 

About the Organizers
 

World Bank Group Institute for Economic Development (IED): The World Bank Group Institute for Economic Development is where research meets action. Launched in 2024, the Institute is an initiative for global collaboration in tackling key development challenges. The IED brings together think tanks, academics, and experts to mobilize the ideas that fuel smart solutions. Operating through a network of three regional centers in Rome, Tokyo, and Washington, DC, the IED builds strong local partnerships, generates customized policy-relevant knowledge, and facilitates the flow of ideas between local institutions and global discussions. The Growth Academy Tokyo is organized by the Tokyo Center of the IED.

 

University of Chicago’s Becker Friedman Institute for Economics: The Becker Friedman Institute for Economics serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the Harris School of Public Policy, and the Law School in an unparalleled effort to uncover new ways of thinking about economics. We put those ideas into action by translating rigorous research into accessible and relevant formats, and proactively disseminating it to key decision-makers around the world.

 

Asian Development Bank Institute (ADBI): The Asian Development Bank Institute (ADBI) is the Tokyo-based think tank of the Asian Development Bank. ADBI provides demand-driven policy research, capacity building and training, and outreach to help developing countries in Asia and the Pacific practically address sustainability challenges, accelerate socioeconomic change, and realize more robust, inclusive, and sustainable growth.

 

United Nations University (UNU): The mission of the United Nations University is to contribute, through collaborative research and education, to efforts to resolve the pressing global problems of human survival, development, and welfare that are the concern of the United Nations, its Peoples, and Member States. In carrying out this mission, UNU works with leading universities and research institutes in UN Member States, functioning as a bridge between the international academic community and the United Nations system.

Growth Academy Event Partners

 

The Tokyo Center of the World Bank Group Institute for Economic Development (IED-Tokyo) has a mission to build strong partnerships with leading think tanks across Asia. Through these collaborations, the center connects global research with local insights, helping to share ideas, generate practical knowledge, and support better policies across the region.

 

Organizations from across Asia to be represented at the Growth Academy, Tokyo include:

 

China

 

Institute for AI International Governance of Tsinghua University (I-AIIG): Established in 2020, the Institute for AI International Governance (I-AIIG) is a leading research center at Tsinghua University dedicated to advancing global dialogue and policy on artificial intelligence governance. Led by Professor Xue Lan, with Turing Award laureate Andrew Chi-Chih Yao as Chair of its Academic Committee, the Institute brings together top scholars, young researchers, and industry experts to explore the theoretical and policy dimensions of AI governance. Through initiatives such as the International AI Cooperation and Governance Forum, the U’n’AI Youth AI4SDG Bootcamp, and partnerships with institutions including the Technical University of Munich, Cambridge University, and the United Nations Development Programme, I-AIIG plays a key role in shaping international collaboration and thought leadership on AI for sustainable development.

 

Indonesia

 

Economic Research Institute for ASEAN and East Asia (ERIA): ERIA is an international organization that was established by an agreement of the leaders of 16 East Asia Summit (EAS) member countries. Its main role is conduct research and policy analyses to facilitate the ASEAN Economic Community (AEC) building and to support wider regional community building.

Institute for Economic and Social Research (LPEM-FEB UI): Institute for Economic and Social Research – Faculty of Economics and Business, University of Indonesia, or better known as LPEM FEB UI, is a research institute under the Faculty of Economics and Business, University of Indonesia as well as the largest community of academic researchers at the University of Indonesia. For more than 60 years, LPEM FEB UI has become one of the leading academic institutions in Indonesia, which plays an important role in contributing ideas through research, consulting, and education. 

 

Japan

 

The Institute of Energy Economics: The mission of the Institute for Energy Economics Japan (IEEJ) is to perform independent, objective and ground-breaking analyses of the energy and environment challenges. And to recommend to the world sound and innovative solutions that reflect the Japanese and/or Asia-Pacific perspectives.

 

Korea

 

Korea Institute for Industrial Economics & Trade (KIET): The Korea Institute for Industrial Economics & Trade is Korea’s premier industrial policy think tank, that aims to Inform, devise, and contribute to national policies that improve productivity and enhance national competitiveness through the study of major industrial, technological, and sectoral trends and phenomena


Korea Labor Institute: Korea Labor Institute(KLI) conducts systematic researches and analyses on a wide range of themes in the field of employment and labor, with a view to developing reasonable labor policies and raising public awareness towards labor issues. As the sole national research institute in the field of employment and labor, KLI has played a pivotal role in the research and studies on the labor market and industrial relations in Korea since its foundation on August, 25, 1988.

 

Malaysia

 

Institute of Strategic and International Studies (ISIS): SIS Malaysia was established on 8 April 1983 as an autonomous research organisation, focusing on foreign policy, security studies, economics, nation-building, social policy, technology, innovation and environmental studies. As a premier think-tank, ISIS Malaysia engages actively in Track Two diplomacy, and promotes the exchange of views and opinions at both the national and international levels. The institute has also played a role in fostering closer regional integration and international cooperation through forums, such as the Asia-Pacific Roundtable, Asean Institutes of Strategic and International Studies, Pacific Economic Cooperation Council and the Network of East Asian Think-Tanks.

 

Pakistan

 

Sustainable Development Policy Institute (SDPI): SDPI is the premier policy research independent think tank in Pakistan. It was created in 1992 and has since worked on all dimensions of development including livelihoods, environment and the economy.

 

Philippines

 

National Economic Development Authority (NEDA): The NEDA is the Philippines' social and economic development planning and policy coordinating body. The National Economic and Development Authority (NEDA), as mandated by the Philippine Constitution, is the country’s independent economic development and planning agency.


Philippine Institute for Development Studies (PIDS): PIDS serves as the Philippine government's primary socioeconomic policy think tank. Since its establishment, PIDS has been engaged in the conduct of policy-oriented studies to assist policymakers and planners in crafting development policies, plans, and programs that are based on sound research evidence.

 

Uzbekistan

 

Institute for Macroeconomics and Regional Studies (IMRS): The Institute for Macroeconomic and Regional Studies (IMRS) holds a distinguished position in Uzbekistan, dedicated to the in-depth examination of macroeconomic and regional economic dynamics

 

Regional


ASEAN Centre for Energy: Established on 1 January 1999, the ASEAN Centre for Energy (ACE) is an intergovernmental organisation within the Association of Southeast Asian Nations’ (ASEAN) structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.