The Eleventh Annual NT Wang Lecture: The Future of China in the World Economy
On November 11, 2020, the panel of several distinguished professors discussed China's role in the world economy, especially in light of the recent US elections.
Wendy K. Dobson, Professor Emerita of Economic Analysis and Policy, Rotman, University of Toronto
Nicholas R. Lardy, Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics
Thomas J. Christensen, Professor of International and Public Affairs, Columbia University
Shang-Jin Wei, N. T. Wang Professor of Chinese Business and Economy and Professor of Finance and Economics, Columbia Business School
Wendy Dobson is a Professor Emerita at Rotman and former Canadian Associate Deputy Minister of Finance. She offers courses in international business and Canadian public policy. She chairs the Pacific Trade and Development (PAFTAD) research network and has published in English and Mandarin on Asia’s rise; the future of the Indian and Chinese economies in the world economy; the Chinese financial system; and Chinese innovation. Ya Zhou Xin Shi Li, the Mandarin translation of her book Gravity Shift, won the Annual Award for the Best Book in Finance and Economics by China’s public affairs website Hexun.com. Her most recent publications are Partners and Rivals: The Uneasy Future of China’s Relationship with the United States (2014), The Future of Canada’s Relationship with China (2015) and Modernizing NAFTA: A Canadian Perspective (2017).
Nicholas R. Lardy is the Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics. He joined the Institute in March 2003 from the Brookings Institution, where he was a senior fellow from 1995 until 2003. Before Brookings, he served at the University of Washington, where he was the director of the Henry M. Jackson School of International Studies from 1991 to 1995. From 1997 through the spring of 2000, he was also the Frederick Frank Adjunct Professor of International Trade and Finance at the Yale University School of Management. He is an expert on the Chinese economy.
Thomas J. Christensen is Professor of Public and International Affairs and Director of the China and the World Program at Columbia University. He arrived in 2018 from Princeton University where he was William P. Boswell Professor of World Politics of Peace and War, Director of the Princeton-Harvard China and the World Program, and faculty director of the Masters of Public Policy Program and the Truman Scholars Program. From 2006-2008 he served as Deputy Assistant Secretary of State for East Asian and Pacific Affairs with responsibility for relations with China, Taiwan, and Mongolia. His research and teaching focus on China’s foreign relations, the international relations of East Asia, and international security. His most recent book, The China Challenge: Shaping the Choices of a Rising Power (W.W. Norton) was an editors’ choice at the New York Times Book Review, a “Book of the Week” on CNN”s Fareed Zakaria GPS, and the Arthur Ross Book Award Silver Medalist for 2016 at the Council on Foreign Relations. Professor Christensen has also taught at Cornell University and MIT. He received his B.A. with honors in History from Haverford College, M.A. in International Relations from the University of Pennsylvania, and Ph.D. in Political Science from Columbia University. He has served on the Board of Directors and the Executive Committee of the National Committee on U.S.-China Relations, as co-editor of the International History and Politics series at Princeton University Press, and as a member of the Academic Advisory Committee for the Schwarzman Scholars Program. He is currently the Chair of the Editorial Board of the Nancy B. Tucker and Warren I. Cohen Book Series on the United States in Asia at Columbia University Press. Professor Christensen is a life member of the Council on Foreign Relations and a Non-Resident Senior Scholar at the Brookings Institution. He was presented with a Distinguished Public Service Award by the United States Department of State.
Dr. Shang-Jin Wei is N.T. Wang Professor of Chinese Business and Economy and Professor of Finance and Economics at Columbia University’s Graduate School of Business and School of International and Public Affairs. During 2014-2016, Dr. Wei served as Chief Economist of Asian Development Bank and Director General of its Economic Research and Regional Cooperation Department. He was ADB’s chief spokesperson on economic trends and economic development in Asia, advised ADB’s President on economic development issues, led the bank’s analytical support for regional cooperation fora including ASEAN+3 (China, Japan, and Korea) and APEC, growth strategy diagnostics for developing member countries, as well as research on macroeconomic, financial, labor market, and globalization issues.
Prior to his Columbia appointment in 2007, he was Assistant Director and Chief of Trade and Investment Division at the International Monetary Fund. He was the IMF’s Chief of Mission to Myanmar (Burma) in 2004. He previously held the positions of Associate Professor of Public Policy at Harvard University, the New Century Chair in Trade and International Economics at the Brookings Institution, and Advisor at the World Bank.
He has been a consultant to numerous government organizations including the U.S. Board of Governors of the Federal Reserve System, United Nations Economic Commission on Europe, and United Nations Development Program, the Asian Development Bank, and to private companies such as PricewaterhouseCoopers. He holds a PhD in economics and M.S. in finance from the University of California, Berkeley.
Dr. Wei is a noted scholar on international finance, trade, macroeconomics, and China. He is a recipient of the Sun Yefang Prize for Distinguished Contributions to Economics (for the invention of the Competitive Saving Motive published in Journal of Political Economy), the Zhang Peifang Prize for Contributions to Economics of Development (for pioneering work on measurement of global value chains published in American Economic Review), and the Gregory Chow Award for Best Research Paper; some of his research was supported by a grant from the U.S. National Science Foundation.
Dr. Wei’s research has been published in top academic journals including American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of Finance, Review of Financial Studies, Journal of International Economics, and Journal of Development Economics, and reported in popular media including Financial Times, Wall Street Journal, Economist, Business Week, Times, US News and World Report, Chicago Tribune, South China Morning Post, and other international news media.
This event was co-sponsored by the Weatherhead East Asian Institute, the Jerome A. Chazen Institute for Global Business and the Columbia-Harvard China and the World Program at Columbia University.