Professor Edwin Lai is Professor of Economics at the Hong Kong University of Science and Technology since July 2009, and later jointly appointed as the Director of the Center for Economic Development and courtesy-appointed as Professor in the Division of Public Policy. He was Senior Research Economist and Adviser at the Federal Reserve Bank of Dallas of the Federal Reserve System of the USA, from August 2007 to June 2009. Before that he was Assistant Professor at Vanderbilt University, Associate Professor at City University of Hong Kong and Associate Professor at Singapore Management University. His main research areas are international economics, industrial organization, growth and internationalization of renminbi. He is a leading scholar in the study of intellectual property rights in the global economy. He has published in American Economic Review, RAND Journal of Economics, International Economic Review, Journal of International Economics and other highly respected journals in economics.