Hugh Patrick
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BA, Yale, 1951; MA, University of Michigan, 1955; MA, 1957; PhD, 1960; MA (Hon.), Yale, 1968
Biography
Hugh Patrick is the founder of CJEB 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
Teaching
Spring 2016
Independent Study - 3 credits (MBA)
Independent Study - 1.5 credits (MBA)
Fall 2015
Independent Study - 3 credits (MBA)
Independent Study - 1.5 credits (MBA)
Summer 2015
Independent Study - 3 credits (MBA)
Independent Study - 1.5 credits (MBA)
Spring 2015
Independent Study - 3 credits (MBA)
Independent Study - 1.5 credits (MBA)
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
Books
How Finance Is Shaping the Economies of China, Japan, and Korea (2013)
Coauthor(s): Hugh Patrick, Yung Chul Park
Reviving Japan's Economy: Problems and Prescriptions (2005)
Coauthor(s): Hugh Patrick, David Weinstein, Takatoshi Ito
Crisis and Change in the Japanese Financial System (2000)
Coauthor(s): Takeo Hoshi, Hugh Patrick
The Japanese Main Bank System: Its Relevance for Developing and Transforming Economies (1995)
Coauthor(s): Masahiko Aoki, Hugh Patrick
The Financial Development of Japan, Korea, and Taiwan: Growth, Repression, and Liberalization (1994)
Coauthor(s): Hugh Patrick, Yung Chul Park
The Political Economy of Japan: Cultural and Social Dynamics (1992)
Coauthor(s): Hugh Patrick, Yasuake Murakami
Regulating Internal Financial Markets: Issues and Policies (1991)
Coauthor(s): Hugh Patrick, Franklin Edwards
Aggressive Unilateralism: America's 301 Trade Policy and the World Trading System (1990)
Coauthor(s): Hugh Patrick, Jagdish Bhagwati
Pacific Basin Industries in Distress: Structural Adjustment and Trade Policy in Nine Industrialized Economies (1990)
Coauthor(s): Hugh Patrick, Larry Meissner
The Political Economy of Japan: The Changing International Context (1988)
Coauthor(s): Hugh Patrick, Yasuake Murakami
Japan and the United States Today: Exchange Rates, Macroeconomic Policies. and Financial Market Innovations (1987)
Coauthor(s): Hugh Patrick, Ryuichiro Tachi
The Political Economy of Japan: The Domestic Transformation (1987)
Coauthor(s): Hugh Patrick
Japan's High Technology Industries: Lessons and Limitations of Industrial Policy (1986)
Coauthor(s): Hugh Patrick
Supplemental Report of the Japan - United States Economic Relations Group (1981)
Coauthor(s): Hugh Patrick
Report of the Japan - United States Economic Relations Group (1981)
Coauthor(s): Hugh Patrick
Ajia no Kyojin - Nihon (1978)
Coauthor(s): Hugh Patrick, Henry Rosovsky
Mineral Resources in the Pacific Area: Papers and Proceedings of the North Pacific Trade and Development Conference (1978)
Coauthor(s): Hugh Patrick, Lawrence Krause
Asia's New Giant: How the Japanese Economy Works (1976)
Coauthor(s): Hugh Patrick, Henry Rosovsky
Asia's New Giant: How the Japanese Economy Works (1976)
Coauthor(s): Hugh Patrick
Japanese Industrialization and Its Social Consequences (1976)
Coauthor(s): Hugh Patrick
Financial Structure of Korea (1965)
Coauthor(s): Hugh Patrick, J. G. Gurley, E. S. Shaw
Monetary Policy and Central Banking in Contemporary Japan (1962)
Coauthor(s): Hugh Patrick
Chapters
Japan and the International Monetary Regime In The Political Economy of Japan: The Changing International Context (1988)
Coauthor(s): Hugh Patrick
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
More Information Download paper (PDF)
Working papers
Japan's Economy: The Idiosyncratic Recovery Continues (2007)
Coauthor(s): Hugh Patrick
Whither the Japanese Economy? (2004)
Coauthor(s): Hugh Patrick
More Information Download paper (PDF)
In The Media
BOJ Policy Move Is Positive, Says Columbia's Hugh Patrick
Reuters TV
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