Diplomacia e Relações Internacionais
Overcoming the Great Recession: Lessons from China
Belfer Center for Science and International Affairs, July 10, 2014
Overcoming the Great Recession: Lessons from China
The US-China Strategic and Economic Dialogue being held in Beijing this week reminds us of the most important bilateral relationship in the world today. Americans are understandably concerned that the perspectives of American policymakers and scholars are understood broadly by elites and publics in other countries. We tend to be less vigilant, however, in listening to the perspectives of others.
Liu He is worth listening to. A rare combination of scholarly analysts and policy advisor, he has emerged as Chinese President Xi Jinping's right hand man on economic policy. The Chinese press has named him the "Chief Architect" of the current economic program to transform the Chinese economy. As Head of the Office of the Central Leading Group on Financial and Economic Affairs in the President's office, he plays a role not unlike that which one of us had in the Obama Administration's first term.
In the aftershocks of the Great Financial Crisis of 2008, Liu led a research team that prepared an analysis of earlier financial crises to provide guidance for the Chinese government's response. We arranged for that document to be translated, and it was just published as a joint discussion paper of Harvard's Belfer Center for Science and International Affairs and Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School.
As we note in a foreword to the paper, five years after the meltdown that threatened a second Great Depression, the Eurozone's economic output has yet to reach pre-crisis levels. The US is stuck in secular stagnation. But China has averaged 7.5% annual growth, three quarters its previous rate. Indeed, the incandescent fact about the performance of the major economies since 2008 is that of all the growth that has taken place in the global economy, 40% of it has occurred in just one country: China.
Liu He's analysis provides clues to the reasons why—claims worthy of discussion and debate in the wider policy-related community.
Read Full Analysis (PDF): http://links.hks-belfercenter.mkt4851.com/ctt?kn=15&ms=ODk5NjMyMwS2&r=MzQxMTk0NDYyMjAS1&b=0&j=MzQwODQ3MDYwS0&mt=1&rt=0
Belfer Center for Science and International Affairs
79 JFK Street, Cambridge, MA 02138
Email: [email protected] | Phone: 617-495-1400
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Diplomacia e Relações Internacionais
China: o grande arquiteto da modernizacao economica - Liu He (Belfer Center)
Belfer Center for Science and International Affairs, July 10, 2014
Overcoming the Great Recession: Lessons from China
The US-China Strategic and Economic Dialogue being held in Beijing this week reminds us of the most important bilateral relationship in the world today. Americans are understandably concerned that the perspectives of American policymakers and scholars are understood broadly by elites and publics in other countries. We tend to be less vigilant, however, in listening to the perspectives of others.
Liu He is worth listening to. A rare combination of scholarly analysts and policy advisor, he has emerged as Chinese President Xi Jinping's right hand man on economic policy. The Chinese press has named him the "Chief Architect" of the current economic program to transform the Chinese economy. As Head of the Office of the Central Leading Group on Financial and Economic Affairs in the President's office, he plays a role not unlike that which one of us had in the Obama Administration's first term.
In the aftershocks of the Great Financial Crisis of 2008, Liu led a research team that prepared an analysis of earlier financial crises to provide guidance for the Chinese government's response. We arranged for that document to be translated, and it was just published as a joint discussion paper of Harvard's Belfer Center for Science and International Affairs and Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School.
As we note in a foreword to the paper, five years after the meltdown that threatened a second Great Depression, the Eurozone's economic output has yet to reach pre-crisis levels. The US is stuck in secular stagnation. But China has averaged 7.5% annual growth, three quarters its previous rate. Indeed, the incandescent fact about the performance of the major economies since 2008 is that of all the growth that has taken place in the global economy, 40% of it has occurred in just one country: China.
Liu He's analysis provides clues to the reasons why—claims worthy of discussion and debate in the wider policy-related community.
Read Full Analysis (PDF): http://links.hks-belfercenter.mkt4851.com/ctt?kn=15&ms=ODk5NjMyMwS2&r=MzQxMTk0NDYyMjAS1&b=0&j=MzQwODQ3MDYwS0&mt=1&rt=0
Belfer Center for Science and International Affairs
79 JFK Street, Cambridge, MA 02138
Email: [email protected] | Phone: 617-495-1400
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- China E America Latina: Reprisando A Historia Do Imperialismo De Cem Anos Atras? - Interamerican Dialogue
O IAD tem um programa de estudos e pesquisas sobre as relações da China com a América Latina, do qual sairam as informações abaixo sobre o investimento direto chinês e empréstimos financeiros na e para a AL, desde 2005. Os países que mais se beneficiaram...
- A Crise Dos Foguetes Sovieticos Em Cuba Em 1962: O Mundo Na Beira Do Abismo Nuclear
Grato ao "Vale" por me chamar a atenção para este texto: eu também recebo o material do Belfer Center, mas nem sempre consigo ler tudo o que recebo... Paulo Roberto de Almeida The Cuban Missile Crisis: Debatable Issues, Instructive LessonsPaperOctober...
- A Revolucao Energetica Nos Eua - Leonardo Maugeri (harvard Belfer Center)
"The Shale Oil Boom: A U.S. Phenomenon"Study Forecasts Tripling of U.S. Shale Oil OutputDiscussion Paper 2013-05, Belfer Center for Science and International Affairs, Harvard Kennedy SchoolJune 2013Author: Leonardo Maugeri, Roy Family Fellow,...
- A Crise Dos Misseis Sovieticos Em Cuba (1962) - Harvard Kennedy School
Welcome to the Cuban Missile Crisis: Fifty Year Anniversary website. This website has been created by the Harvard Kennedy School's Belfer Center for Science and International Affairs to commemorate the 50th anniversary of the...
- Ainda A China: Livro E Artigo Sobre Questões Econômicas
From the Peterson Institute of International Economy: New Book Sustaining China's Economic Growth after the Global Financial Crisis Nicholas R. Lardy The global financial crisis and ensuing economic downturn has raised many questions...