Amidst changing trends associated with growing economic globalization, rapid progress of ITC technologies and increasing constraint on the environment and energy resources, the Canon Institute for Global Studies (“CIGS”) conducts research and studies of scientific value, and commits to making necessary policy proposals, on the basis of its basic stance of gaining a deep insight into the changes in the world’s economic frameworks and the courses of actions that Japan should take to carve out its future. Main areas where the CIGS will carry out its research activities include the following four domains: economics; natural resources, energy and the environment; politics; and social issues. It is important for the CIGS to obtain information of research and studies in the above-mentioned areas in foreign countries including United States, Europe and emerging countries (particularly China). It will, therefore, exchange information and hold a debate with prominent people in the world aiming to create global network of people and knowledge.
Economic growth is one of the factors indispensable for sustainable development of the human society and the human welfare. In an era of globalization, what is a model of balanced and sustainable economic development in developed countries? How are the economic imbalance caused and how can they be eliminated? What roles should the nations and the markets play to correct the economic imbalance? What shape of global governance should be formed to deal with these economic challenges? We strive to obtain answers to these questions.
We will also analyze precisely global financial crisis and asset bubble, and try to establish new economic theories and policies focusing on financial systems, functions of finances, fluctuations in asset prices and financial policies.
Since the second half of the 20th century, people have been aware that the issues of global environment, natural resources and energy have emerged as new factors restricting economic development. In order to deal with these issues, we have to formulate policies, by approaching the issues from both natural science and economics, to promote economic development compatible with the environment.
Solution for these issues requires global cooperation involving all countries and regions in the world. Consensus for the global cooperation can only be created through common scientific recognition. Along with the development of cutting-edge technologies, each country and region must undertake ceaseless efforts and share fair burdens among them.
We have to understand that the globalization in one sense brings inevitably about competition for survival among the countries, and such character of the globalization is particularly evident in the environmental issues. Therefore, we have to bear in mind that the global environmental issues are highly relevant with the national security. In this context, we must study carefully the strategy to secure energy and natural resources as well as ocean strategies.
Concerns about national security may place economic growth at risk. On the one hand, the globalization may give us an opportunity of significant economic development; on the other hand it may cause instability and uncertainty as well as cultural frictions among countries. In the midst of drastic changes of geopolitics in the East Asia, Japan faces a number of challenges in external relations and national security that require risk management. Japan has to prepare a variety of policy options of foreign affairs and national security, and to define international relations and roles of players in international politics in an era of globalization. Japan is also required to improve its ability to plan and implement the policies of foreign affairs and national security. It is also necessary to obtain deep understanding at all levels of the Japanese nationals on the issues of foreign affairs and national security. We have to prepare ourselves for other incidents, such as economic catastrophe, natural disasters and pandemic diseases, handling of which may be considered as risk management in a broader sense.
Against this background, it is expected that Japan must occupy an important position in the world and assume leadership. To respond to the expectation, Japan must improve its national power and competitiveness. Although there are so many issues that Japan must overcome, the key is to secure free competition in the society that respects the freedom of the people and to develop human resources that can succeed through severe competition on the global stage. We are also facing a mountain of domestic problems. We have to increase economic growth potential in despite of declining population, falling birth rate and the aging society, to achieve simultaneously the reconstruction of public finance and the establishment of sustainable social security systems, both of which must be compatible with economic development, to build a safety net to solve issues of disparity while securing fair competition, to review a relation between central and local governments including revitalization of agricultural and forestry industries, and to develop, accumulate and utilize human capital, etc.
In the process of conducting research activities and producing the research results, we would like to exchange knowledge and information with prominent people in the world. We are aiming to establish a global network of people to exchange knowledge and to provide a global platform of creation of knowledge.