Alicia García Herrero

Email: alicia.garciaherrero@natixis.com


Alicia García HerreroAlicia García Herrero is the Chief Economist for Asia Pacific at Natixis. She also serves as Senior Fellow at the Brussels-based European think-tank BRUEGEL and non-resident Research Fellow at Madrid-based political think tank Real Instituto Elcano. She is currently Adjunct Professor at the Hong Kong University of Science and Technology. Finally, Alicia is a Member of the Council of Advisors on Economic Affairs to the Spanish Government, an advisor to the Hong Kong Monetary Authority’s research arm (HKIMR) and member of advisory board of the Berlin-based MERICS. In previous years, Alicia held the following positions: Chief Economist for Emerging Markets at Banco Bilbao Vizcaya Argentaria (BBVA), Member of the Asian Research Program at the Bank of International Settlements (BIS), Head of the International Economy Division of the Bank of Spain, Member of the Counsel to the Executive Board of the European Central Bank, Head of Emerging Economies at the Research Department at Banco Santander, and Economist at the International Monetary Fund. In addition, Alicia has always combines her professional career with academia, having served as visiting Professor for John Hopkins University, China Europe International Business School (CEIBS) in Shanghai and Carlos III University in Madrid. Alicia holds a PhD in Economics from George Washington University and has published extensively in refereed journals and books (see her publications in ResearchGate or Google Scholar. Alicia is also very active in international media (Bloomberg and CNBC among others) as well as social media (Twitter, LinkedIn and Weibo). As recognition of her leadership thoughts, Alicia was included in the TOP Voices in Economy and Finance by LinkedIn in 2017 and #6 Top Social Media leader by Refinitiv in 2020.




Papers Published in World Economics:


China’s State-Owned Enterprises and Competitive Neutrality

The growing size of Chinese state-owned enterprises (SOEs) and closer global linkages mean whether China can achieve competitive neutrality in creating a level-playing field is key for the world. Our results support the view that China’s competitive environment is poor with conditions tending to favour SOEs with lower interest burden and tax rates in most sectors. The lack of competitive neutrality in China has significant consequences for global firms at home, especially as Chinese firms operating in the ICT, industrial and auto sectors earn a relatively high proportion of their revenue overseas but operate in a subsidised environment in their domestic market. A working measure of competitive neutrality applied in China could help level the playing field for foreign companies in China and even be introduced in a potential reform of the World Trade Organization.

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