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Hugh Talbot Patrick

Professor Emeritus of International Business; Director in School of Business
School: 
Business
Office: 
320 Uris
Email: 
htp1@columbia.edu
Phone: 
212-854-3497
Fax: 
212-678-6958
Appointments
  • Director, Center on Japanese Economy and Business
  • Co-Director, Asian-Pacific Economic Cooperation Study Center
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.

Research & Other Works
Working paper
Japan’s Abenomics Bumps Along
Working paper
Hiroshima Kosoku Kotsu Corporation
Working paper
Kamotsuru Sake Brewing Company
Working paper
Nagasaki Jidousya Co., Ltd.
Working paper
Oshima Shipbuilding Company
Working paper
Japan's Abenomics: So Far So Good, But Will It Prevail?
Working paper
Japan’s Abenomics: Recovery Leading to Good Growth?
Working paper
Ryobi Holdings Company and Ryobi Group
Working paper
Hagihara Industries Inc.
Working paper
Abenomics: Japan’s New Economic Policy Package
Working paper
Japan’s Sputtering Economic Recovery Amid Heightened Political Turmoil
Working paper
Japan's Economy: The Idiosyncratic Recovery Continues
Working paper
The Development of Studies of the Japanese Economy in the United States: A Personal Odyssey
Working paper
Review of "The Japanese Experience of Economic Reforms," ed. Juro Teranishi and Yutaka Kosai
Working paper
Some Thoughts on Japan's Financial Mess
Working paper
Thoughts on Japanese Economic Performance
Working paper
Experiencing the March 11, 2011 Earthquake
Working paper
Japan's mediocre economic performance persists and fundamental problems remain unresolved
Working paper
How the Japanese financial system and its main bank system have dealt with generic issues of financial development
Working paper
One World, Two Worlds or Three? Reflections on the New International Economic Order
Working paper
Japan's Economic Recovery Stalled
Working paper
Japan's Economy: Finally Finding Its Way to Full Employment and Sustained Growth
Working paper
Japan: Another economic recovery, new political terrain
Working paper
Problems and prescriptions for the Japanese economy: An overview
Working paper
The Japanese economy: Sustained recovery and growth not yet assured
Working paper
Evolving corporate governance in Japan
Working paper
From cozy regulation to competitive markets: The regime shift of Japan's financial system
Working paper
Japan's economy misery: What next?
Working paper
The causes of Japan's financial crisis
Working paper
Why I expect Japan to prevail: Ruminations on Morishima
Working paper
Crumbling or transforming? Japan's economic success and its postwar economic institutions
Working paper
Northeast Asia: The role of international and regional economic institutions and regimes
Working paper
The relevance of Japanese finance and its main bank system
Working paper
Comparisons, contrasts and implications from financial development in Japan, Taiwan and Korea
Working paper
Peace and security on the Korean peninsula: Reflections on the economic dimension
Working paper
Japan's financial system and the evolving role of main banks
Working paper
Section 301 and the U.S. Japan economic relationship: Reflections on Kuroda
Working paper
Declining industries, mechanisms of structural adjustment, and trade policy in Pacific Basin economies
Working paper
Explaining the Japanese financial system: A review of the Bank of Japan's recent volume
Working paper
Japan's industrial structure in crisis: National concerns and international implications
Working paper
Management of the United States-Japan trade relationship and its implications for the Pacific Basin economies
Working paper
Japan and the international monetary regime
Working paper
Japan's small-scale family enterprises
Working paper
Japanese high technology industrial policy in comparative context
Working paper
Japan's Deep Recession and Protracted Recovery
 

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