New Developments in China's Financial and Economic System
On November 6, 2020, Professor Jin Wei interviewed Ron Schramm about new and important developments in China’s financial and economic system since the first edition of Schramm's textbook in 2015 (Routledge/Taylor&Francis): China Macro Finance: A US Perspective. Both new reforms and retrenchments in the Chinese economy were discussed as well as the fraught economic relationship with the United States. Students and scholars of China benefited by putting their own research in the context of how far China has come and where it is going in terms of economic and financial reform.
Speaker: Ronald Schramm, Visiting Associate Professor of International and Public Affairs, Columbia University
Professor Ron Schramm has spent over 30 years teaching master’s students, PhD candidates, and undergraduates around the world. Most of his career was spent teaching MBA students at Columbia Business School of New York, where he taught the widest range of courses of any faculty member. He has also taught at numerous Chinese universities, including the University of International Business and Economics (UIBE) in Beijing (as a Fulbright scholar), Hong Kong University of Science and Technology, Chinese European International Business School (CEIBS), Xian Jiao Tong Liverpool University’s International Business School of Suzhou (IBSS) (created and directed their PhD program), and Shanghai Jiao Tong University (taught the first course ever in corporate valuation). In addition, he spent three years as an economist at the International Monetary Fund working on debt workout for heavily indebted emerging economies.
Moderated by: Shang-Jin Wei, N. T. Wang Professor of Chinese Business and Economy and Professor of Finance and Economics, Columbia Business School
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 Pricewaterhouse Coopers. He holds a PhD in economics and M.S. in finance from the University of California, Berkeley.
The event is co-sponsored by the Weatherhead East Asian Institute and the APEC Study Center at Columbia University.