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James Riedel is the William L. Clayton Professor of International Economics at Johns Hopkins University School of Advanced International Studies, where he has been on the faculty since 1976. His interests lie in economic development, international finance, and international trade theory and policy. He is member of the Board of Directors of the Vietnam Debt Fund (Dragon Capital Group). He has been Senior Economic Advisor to the USAID‐funded STAR‐project, which advises the government of Vietnam on economic policy and a consultant to the World Bank, the Asian Development Bank, the Inter-American Development Bank, the OECD and other international organizations and corporations. He is on the advisory boards of the American Committee for Asian Economic Studies and the Hong Kong Centre for Economic Research. He has been a research fellow at the Institut fur Weltwirtschaft (Kiel), a visiting fellow at the Australian National University and Nuffield College, Oxford, and a Fulbright Professor in Vietnam. He is an Associate Editor of the Journal of Asian Economics and on the advisory boards of The World Economy and Asia Pacific Economic Literature. He has published numerous books and articles on international trade theory, international finance and economic development.