China’s Growth Prospects and Implications for Southeast Asia

Monday, May 2, 2016
12:00 PM - 1:30 PM
(Pacific)
Philippines Conference Room
Encina Hall, Third Floor, Central, C330
616 Jane Stanford Way, Stanford, CA 94305
Speaker: 
  • Wing Thye Woo

With the G-7 economies in the doldrums since 2008, the roller-coastal behavior of global commodity markets from 2010 to 2015 is convincing evidence of the huge impact that China’s economy now has on the prosperity of many regions, Southeast Asia notably included. The future course of the China’s economy will determine, among other things, the legitimacy of its government, the incentive to project force beyond its borders, and the ability to build an effective international coalition to advance its agenda in world affairs.  Prof. Woo will examine (a) the recent marked slowdown in China’s growth, distinguishing temporary factors from the medium-term trend and comparing the policy options, and (b) the domestic and external implications of two scenarios of Chinese growth for two settings­­­­­­­­ in Southeast Asia.

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Wing Thye Woo, in addition to the positions noted above, is a special-term professor in the Fudan University School of Economics (Shanghai). He is co-editing a forthcoming book on the global economy and its Asian component. His many previous publications include Ranking the Liveability of the World’s Major Cities (co-author, 2012); The Asian Financial Crisis: Lessons for a Resilient Asia (co-editor, 2000); and Fiscal Management and Economic Reform in the People's Republic of China (co-authored, 1997). He is the convener of the Asian Economic Panel (AEP), a network of leading scholars on Asian economies who meet tri-annually, and the chief editor of Asian Economic Papers, a journal co-sponsored by research institutes in Indonesia, Malaysia, South Korea, and the US. He has also served as a special advisor to Malaysian prime minister Abdullah Badawi (2005-08), US treasury secretary Robert Rubin (1997-98), and officials of other governments.