Woo Wing Thye

Yang Berbahagia Dato'
Woo Wing Thye
DSPN
胡永泰
Born1954 (age 71–72)
Penang, Malaysia
Academic background
EducationSwarthmore College
Yale University
Harvard University
Academic work
InstitutionsUniversity of California, Davis
Liaoning University
The University of Hong Kong
Universiti Malaya
Notable ideas
Middle Income Trap
Open economy macroeconomics
Transition economy
East Asian Economies
Website

Woo Wing Thye (Chinese: 胡永泰) is an American economist. He is currently University Chair Professor at China Economic Research Institute of Liaoning University in Shenyang, China; Distinguished Fellow of the Penang Institute in George Town, Malaysia;[1] National Distinguished Fellow in the Thousand Talents Program of China; Changjiang Professor in China; and Distinguished Professor Emeritus of Economics at University of California, Davis. He is also Visiting Professor at the School of Governance and Policy of The University of Hong Kong, Institute for Advanced Studies of Universiti Malaya in Kuala Lumpur, and Fudan Development Institute of Fudan University in Shanghai, and a member of the International Advisory Council at the Center for Social and Economic Research (CASE).[2]

Professor Woo is an expert on East Asian economies, particularly China, Malaysia and Indonesia. He has written extensively on the middle-income trap, as well as on transition economics, growth and development, globalization, exchange rate economics, and regional economic disparity.

He earned his PhD from Harvard University in 1982 with a thesis entitled 'Exchange rate determination under rational expectations: a structural approach'.[3] The University of Cambodia awarded Professor Woo an Honorary Doctorate in Sustainable Development in 2020.[4]

Biography

Woo was born in 1954 in George Town, Penang, Malaysia, was a student at the Pykett Methodist School (1961-1966) and the Methodist Boys' School (1967-1973), and was an active member of the 2nd Georgetown (S) Senior Scout troop. Following undergraduate study in economics and engineering at Swarthmore College, he took an MA in economics at Yale and later an MA and PhD at Harvard (1982). Woo has been a member the economics faculty at the University of California, Davis since 1985. He has also worked at the Brookings Institution in Washington, D.C., at different stages of his career, starting as a Research Assistant in 1976–77, then as a Research Associate in 1982–1985, and finally as the New Century Chair in International Trade and Economics from 2006 to 2009.[5]

Woo worked as a consultant for China's Ministry of Finance in 1992-1993 From 1997 to 1998, he was a special advisor to the U.S. Treasury on East Asian economies.[6]

In 2001, Woo helped establish the Asian Economic Panel (AEP), which meets three times a year to discuss issues of importance to the region's economies. Selected proceedings of the AEP are published in the Asian Economic Papers, MIT Press.[7]

From 2002 until 2005, Woo was a special advisor for East Asian Economies to the United Nations Millennium Project. In July 2005, he was appointed to the International Advisory Panel for Malaysia's then-Prime Minister Abdullah Ahmad Badawi, and he was an economics advisor to the State of Penang in 2008–2018. He was executive director of the Penang Institute, Penang state government's public policy think tank, between 2012 and 2013. Woo was a member of the board of directors of Sunway University in Subang Jaya, Selangor state, Malaysia. He was founding President of the Jeffrey Cheah Institute on Southeast Asia in 2014–2022, founding Director of the Jeffrey Sachs Center for Sustainable Development (JSC) in 2016–2022, and Acting CEO of the Asian Strategic Leadership Institute (ASLI) in 2021–2022. He led JSC to design and offer a new Masters of Sustainable Development Management (MSDM) program in January 2019, and when COVID-19 hit in March 2020, to develop an online version of the MSDM program to meet the needs of students and to make MSDM accessible to the world.

Woo was Vice-President for Asia of UN Sustainable Development Solutions Network (SDSN) in 2020-2026.[8]

Research interests

Professor Woo's research interests are economic restructuring, financial contagion, fiscal crisis, and the 17 Sustainable Development Goals. His research covers China's economic reforms[9] as well as its sources of growth[10] and the wealth gap, which Woo argues has been significantly understated.[11][12]

Woo has been called "one of the world's foremost experts on the Chinese economy,"[13][14] and appears regularly in the media.[15][16][17] He is also a contributor to Project Syndicate.[18]

Honours

References

  1. ↑ "Prof. Dato' Dr Woo Wing Thye – Penang Institute". penanginstitute.org. Retrieved 2022-11-23.
  2. ↑ "Wing Thye Woo - CASE".
  3. ↑ Woo, Wing Thye (1982). "Exchange rate determination under rational expectations: a structural approach". Thesis (PHD) Harvard University – via ResearchGate.
  4. ↑ Prof. Wing Thye Woo, Distinguished Professor in the Department of Economics, 2 September 2020, retrieved 2022-11-23
  5. ↑ "Wing Thye Woo". Brookings. Retrieved 2022-11-23.
  6. ↑ "Bio of Wing Thye WOO (胡永泰" (PDF). 14 February 2025. Retrieved 7 April 2026.
  7. ↑ "Asian Economic Papers". direct.mit.edu. Retrieved 2022-11-23.
  8. ↑ "Wing Thye Woo". Sustainable Development Solutions Network. Retrieved 2026-04-06.
  9. ↑ Woo, Wing Thye (April 1994). "Structural factors in the economic reforms of China, Eastern Europe and the former Soviet Union" (PDF). Economic Policy: 102–45.
  10. ↑ Woo, Wing Thye (1999). "The Real Reasons for China's Growth". The China Journal (41): 115–137. doi:10.2307/2667589. ISSN 1324-9347. JSTOR 2667589. S2CID 38337142.
  11. ↑ Woo, Wing Thye; Lu, Ming; Sachs, Jeffrey D; Chen, Zhao (2012-07-12). A New Economic Growth Engine for China. doi:10.1142/8598. ISBN 978-981-4425-53-7.
  12. ↑ Woo, Wing Thye (2012-11-01). "China meets the middle-income trap: the large potholes in the road to catching-up". Journal of Chinese Economic and Business Studies. 10 (4): 313–336. doi:10.1080/14765284.2012.724980. ISSN 1476-5284. S2CID 37749405.
  13. ↑ 'The Future of the Renminbi' - Wing Thye Woo & Stephen Grenville, retrieved 2022-11-23
  14. ↑ "Chinese Economic Outlook | C-SPAN.org". www.c-span.org. Retrieved 2022-11-23.
  15. ↑ Extended interview with Wing Thye Woo, ABC News, 2014-07-10, retrieved 2022-11-23
  16. ↑ BBC News Press Conference - Prof Woo Wing Thye, 17 February 2013, retrieved 2022-11-23
  17. ↑ "Foreign Exchange With Fareed Zakaria: Episode #305 » TV Programs on Iowa Public Television". 2014-10-23. Archived from the original on 2014-10-23. Retrieved 2022-11-23.
  18. ↑ "Wing Thye Woo". Project Syndicate. Retrieved 2022-11-23.
  19. ↑ "SENARAI PENERIMA DARJAH-DARJAH KEBESARAN, BINTANG DAN PINGAT-PINGAT KEHORMATAN NEGERI PULAU PINANG 2009" (PDF). Warta Kerajaan Negeri Pulau Pinang.
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