China’s Economic Rise and the Global Economy
4:00 – 5: 15 PM
Salomon Center, Room 001
The symposium Economics in the Real World is organized by the Economics Department and held annually, around a topic of major interest in which economics and economic policy questions will be discussed. This year the symposium was devoted to the Chinese economy and its connections with the international economic and financial world.
The panel discussion participants included Professor Dwight Perkins (Harvard), Professor Barry Naughton (University of California San Diego), Dr. Justin Lin, Senior Vice President and Chief Economist of the World Bank.
Demystifying the Chinese Economy
Salomon Center, Room 001
The Bernard I. Fain Lecture is presented annually by the Department of Economics. This year's lecturer, Dr. Justin Lin, is the founding director of the Center for Chinese Economic Research at Peking University and currently Chief Economist at The World Bank. The title of his talk is “Demystifying the Chinese Economy.”
Before the 18th century, China was the largest and one of the most advanced economies in the world. But it declined precipitately and degenerated into one of the world’s poorest economies by the late 19th century. Despite generations of efforts for national rejuvenation, China did not reverse its fate until it introduced market-oriented reforms in 1979. Since its resurgence, China has been the most dynamic economy in the world. In the seminar, Dr. Lin will provide a consistent framework to analyze the causes behind those dramatic changes in China and draw some lessons from the Chinese experiences for other developing countries. His perspectives challenges many tenets of conventional neoclassical theory
and show how naïve applications of many of its principles had catastrophic consequences for many transition economies.
Dr Lin, Chief Economist and Sr. Vice President of the World Bank, is a world renowned development economist and an authority on the Chinese economy. Prior to coming to the World Bank, he was the founding director of the China Center for Economic Research at Peking University (1994-2008) and is the author of seventeen books including the Chinese Miracle (1996), State-Owned Enterprise Reform in China (2001), and Economic Development and Transition (2009). He is a fellow of the Academy of Sciences for the Developing World and a corresponding fellow of the British Academy of Sciences. He gave the Annual WIDER Lecture earlier this year in Maputo.
Please visit Brown University on YouTube to see a full recording from the panel discussion, China’s Economic Rise and the Global Economy.
Please visit Brown Univeristy on YouTube to see a full recording of Dr. Justin Lin's talk, Demystifying the Chinese Economy.
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