A New Silk Road: China’s Rise to Global Prominence

Aug 05, 2008Aug 06, 2008


Session One: Tuesday, August 5th
Global Implications of China's Macroeconomic Policies
and Financial Sector Reforms

Dr. Eswar Prasad
Cornell University 

Click Here to view Dr. Prasad's powerpoint presentation.

Session Two: Wednesday, August 6th
The Effects of China's Growth on the U.S. and Global Economy
Pieter Bottelier
The Johns Hopkins University,
School for Advanced International Studies

Click Here to view Pieter Bottelier's powerpoint presentation.

China has emerged as a revitalized contender in the international arena after decades of tremendous economic growth. While it cannot be denied that this prosperity has lifted millions out of poverty, it has also caused some anxiety among other nations. China has progressed so rapidly that some believe it is only a matter of time before its economy overtakes those of other developed nations while others may wonder how a rising middle class will affect the global quest for resources. Most importantly, many speculate about the true strength of the Chinese economy and how it will affect U.S. relations in the region. To examine these issues the Mercatus Center at George Mason University is pleased to host a special two-day lecture series on China's rise to global prominence.

The strength of the financial sector is an integral part of any economy both in terms of economic stability and investment opportunities. Although China reformed several of its banking practices in recent years, questions still remain regarding the value of its currency, the pace of foreign and domestic investment, and its financial security. If China is to continue to prosper, it seems that some adjustments need to be made. Dr. Eswar Prasad of Cornell University will lead discussion on China's current financial system, policies, and avenues of possible reform on Tuesday, August 5th.

To understand how US policy will be affected by China's economic expansion it is useful to grasp the key facts and figures behind the issues. On Wednesday, August 6th, Dr. Pieter Bottelier from The Johns Hopkins University School of Advanced International Studies will lead us through the factors contributing to China's progress, the government's political role in the economy, previous reforms it made to revitalize growth, and the nature of US - China trade and investment relations. Understand these elements will help develop a clearer picture of China's prospects for short and long term prosperity.

Join us as we seek answers to questions such as:

  • How stable is China's financial sector and how do its policies affect global markets? What reforms can be made to strengthen it?
  • Why did China's economy expand so quickly and how does the Communist Party of China control the public and private sector?
  • How do China's long-term growth prospects affect U.S. interests in the region?