Institution(s): Hong Kong Institute of Economics and Business Strategy, Hong Kong Centre for Economic Research

Date: Dec 04, 2000 (Monday)

Time: 12:00 noon - 02:00 pm

Venue: Furama Hotel, Jade Ballroom 2

Medium: English

Fee: HK$400 per person

Abstract:

In many discussions of China’s WTO membership, the focus is on the tradeoff between restructuring and stability. This focus on the tradeoff is misplaced. This tradeoff was not created by China's decision to join WTO by 2000; the tradeoff between restructuring and stability was created in 1978 when China decided to move from a plan economy to a market economy. The reality is that WTO membership will actually improve the tradeoff in the reform of two of the most important sectors: the banking sector and the state enterprise sector. Professor Woo will discuss the challenges and opportunities raised by China's imminent accession to the WTO, and the further reforms needed to face up to the WTO membership.

 

Professor Woo is currently Professor of Economics at U.C. Davis. He received his MA degrees in Economics from Harvard University and Yale University and his Ph.D. in Economics from Harvard University. He leads several professional affiliations, including Center for International Development at Harvard University and Pacific Rim Studies Program at the Institute of Government Affairs at U.C. Davis. He was an advisor to the U.S. Treasury Department, as well as the Chinese, Indian, Indonesian, Islamic Republic of Iran, Mongolian, Taiwanese, Vietnamese, and Ukrainian governments. He has nearly 80 published professional journals, books, and articles.