The Global Economic Crisis, One Year Later: The United States And China

The Stanford China Program and the Academy of Macro-Economic Research at the National Development and Reform Commission, China's leading policy agency, present the first in a series of conferences that will examine the responses of both China and the United States to the global economic crisis, one year after it commenced. Experts from the US and China will look at the impact of stimulus policies adopted in both countries on growth, economic restructuring, and bilateral cooperation. They will also examine the impact of the global economic downturn on environmental protection and resource conservation policies, and explore prospects for the adoption of new technologies to mitigate climate change and spur economic growth in both countries.

Thursday, October 8, 2009

Presentations of stimulus packages with assessments of what has happened over the past year and what lies ahead.
•Coit Blacker, Chair, Director, Freeman Spogli Institute for International Studies
•Wang Yiming, Executive vice-president, Academy of Macro-Economic Research, National Development and Reform Commission, China
•Steven R. Weisman, Peterson Institute for International Economics

A comparative discussion of the US and Chinese economic stimulus policies. Where do the policies overlap and where do they differ? What has worked and what has not? What are the prospects for the next year?
•Jean Oi, Chair, Professor Political Science, Stanford University
•Ma Xiaohe, Vice President, Academy of Macro-Economic Research, National Development and Reform Commission, China
•Michael Boskin, Professor of Economics, Stanford University
•Yang Ping, Division Chief and Research Fellow, Institute of Investment, National Development and Reform Commission, China

What are the prospects for economic growth in both China and the U.S. a year after the crisis? Does the crisis provide opportunities for major restructuring of both economies and what have both countries done to seize those opportunities? Can China shift the burden of growth away from exports to domestic demand? Can the U.S. find new industries and areas of innovation that will sustain a new era of growth?
•Andrew Walder, Chair, Professor Sociology, Stanford University
•Zhang Yansheng, Director General, Institute of International Economy, National Development and Reform Commission, China
•Michael Spence, Professor and Dean, Emeritus, Graduate School of Business, Stanford University
•Sun Xuegong, Division Chief and Research Fellow, Institute of Economics, National Development and Reform Commission, China
•Scott Rozelle, Co-Director, Rural Education Action Project, Stanford University

Comparative views on how the global financial system should be reformed/re-engineered and what roles US and China should/must play in bringing about the necessary changes
•Nicholas Hope,Chair, Director, Center for International Development, Institute for Economic Policy Research, Stanford University
•Ronald McKinnon, Professor Of Economics, Emeritus, Stanford University
•Ye Fujing, Deputy Director General, Institute of International Economy, National Development and Reform Commission, China
•Galina Hale, Senior Economist, San Francisco Federal Reserve Bank

Friday, October 9, 2009

How do the demands for energy, for greater energy efficiency and for the mitigation of environment impact of energy use affect the economic prospects of both countries? What are the opportunities for growth created by innovation and adoption of new, "green technologies"? What policies can promote both greater efficiency and aid the creation of new Green Tech industries?
•Lawrence Goulder, Chair, Professor in Environmental & Resource Economics, Department of Economics, Stanford University
•Han Wenke, Director General, Energy Research Institute
•James Sweeney, Management Science & Engineering, Director, Precourt Institute for Energy Efficiency, Woods Institute, Stanford University
•Dai Yande, Deputy Director General, Energy Research Institute, National Development and Reform Commission
•Leonard Ortalano, Professor, Civil Engineering in Urban and Regional Planning, Stanford University

How has the financial crisis affected the U.S.-China bilateral relationship? Are the tensions of being a major creditor of the US having an impact elsewhere in the relationship? Where do our interests and activities coincide, where are they in actual or potential conflict, and what can we to do manage the situation?
•Michael Armacost, Chair, Shorenstein Distinguished Fellow, Shorenstein Asia-Pacific Research Center, Stanford University
•Stephen Krasner, Professor, International Relations, Stanford University
•Thomas Fingar, Payne Distinguished Lecturer, Stanford University

Thursday, October 08, 2009 | 8:30 am — 5:00 pm
Bechtel Conference Center, Encina Hall, 1st floor

Center for East Asian Studies