Demystifying the Chinese Economy
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- čas přidán 8. 01. 2013
- Speaker: Professor Justin Lin
Chair: Professor Danny Quah
Recorded on 18 December 2012 in Old Theatre, Old Building.
As a result of the miraculous growth since the market-oriented reform in 1979, China's status in the global economy has dramatically changed. This speech will reflect on China's unprecedented growth in the past 32 years, examine the reasons of that growth, and discuss prospects and challenges for China to maintain an eight-percent annual growth rate in the coming decades.
Justin Yifu Lin is the former World Bank chief economist and senior vice president, development economics. Lin is the founder and first director of the China Center for Economic Research and a former professor of economics at Peking University and at the Hong Kong University of Science and Technology. Justin Lin is to receive an Honorary Degree from LSE -- Doctor of Science (Economics).
No, I mean to say, "The talk begins at 7:45". Not more, not less.
key words in the sentence are not understood properly
may i know what he said at 19:13?
comparitive advantage of....?
His speech may be superficial, but he is a legendary figure. He is defected officer from Taiwan and escaped to Mainland, then became a professor in PKU, a phd in Univ of Chicago, Deputy chief of World Bank. Read his wikipedia, man. Sometimes what a man talks about does not matter but the man who talk does matter.
Does anybody know where I can find Macroeconomic information on China. Either journals or reports. Thanks in advance. :)
Problem with the financial repression thesis: evidence does not fully support it, see for example Alessandra Guariglia, Xiaoxuan Liu, Lina Song (2008), " Internal Finance and Growth: Microeconometric Evidence on Chinese Firms" Journal of Development Economics, 2011, 96 (1), 79 - 94.
And research on high savings point much more to underprovision of public goods, especially in the rural sector. More public goods -not financial liberalization- is the solution.
It's really difficult to understand him - but he's saying really important things so MUST PAY ATTENTION !!!!!!!!!!!!!!
The talk starts at 7:54 guys..
they took our jerbs!
Those capitalists with low or zero morality move the factories to foreign countries, they are the one who took your jobs. And please spell jobs right.
Nobody is saying anybody is special. China just happens to have 1/5 -1/6 of all people on the planet, huge natural resources, and a continuous culture of over 5,000 yrs. After the west, and Japan invaded & exploited China beginning in the 19th century, they've just been trying to get on their feet. They've had to play by the rules set by the west, but they also have 1,000's of years of economic theories of their own to access.
With a splendid civilization of more than 5000years, you still are comparing it with Africa. Chinese people are patien and diligent, which is the only reason of chinese economic development.
It is not due to any genius ' work, on the contrary it is the losing of the bondage that forced on the people that helped
lol comment removed, don't any of you people watch south park?
TheGhostof HumanKindness
To understand why you have to understand the differences between the transition in both country. Russia didn't "move" to the market economy; their political system collapsed due to the planned economy failing. So instead of the political system in Russia being able to plan the change from a planned economy to market(the irony is not lost on me lol) the market economy simply came.
Total control to no control is quite a different situation than total control to releasing control. The former brings chaos; the latter allows Order. There can be no market economy in chaos as Order is the fundamental social requirement for business growth. What does the west have that most eastern countries do not have? The rule of law. What does the rule of law allow? Order.
It's a M O N O P O L Y that seeks to rule the world by unseen force (the power of "darkness", John 3:19-21 says it well).
Let's hope Xi Kin Ping c an put a human face on it and deflect those corrupt persons who heart is a wellspring of RUTHLESS L I E S , TRICKERY & D E C E I T (Jeremiah 5:1-12*). John 3:19-21 ask that you EXPOSE THEM.
Not surprising since you understand nothing. You are in the wrong forum. You should be on the Football Channel.
Stop boasting