"Rebuilding trust in the global economy: lessons from Chinese law" by Prof Nicholas Morris

Past Event

23 October 2015, 3:00pm - 4:30pm

Lecture Theatre, Oxford Martin School
34 Broad Street (corner of Holywell and Catte Streets), Oxford, OX1 3BD

I Stock blakes11 Trust
© Istock/blakes11

This is a joint event with The Institute of New Economic Thinking at the Oxford Martin School, the Political Economy of Financial Markets Programme at St Antony’s and the Global Economic Governance Programme

Trust is essential for the effective functioning of the global economy. The global financial crisis and related events have demonstrated that market outcomes are often not sufficient to ensure trustworthy behaviour. What needs to be done to ensure trustworthiness becomes the norm? What role does law play? How can we build trust at the global level given competing legal traditions?

In this seminar Nicholas Morris will argue that trust is essential to the effective functioning of the international economy. The development of an international legal framework, which encourages and enforces pro-trust norms needs to be sensitive to the different traditions, philosophies and national practices. Confucian traditions embodied in Chinese law provide helpful guidance for global legal reform.

About the speaker

Nicholas Morris is an Oxford Martin Visiting Fellow at INET Oxford and Academic Visitor and Senior Research Associate at Balliol College, Oxford. He is an economist with 35 years of wide-ranging experience: in the finance, water, energy, transport, telecoms, and health sectors; in infrastructure provision; and in the design of regulatory structures.

He was a co-founder and then Chief Executive of London Economics, for a period of 14 years, and, prior to that, was Deputy Director of the Institute for Fiscal Studies. Nicholas has an MA in Engineering and Economics and an MPhil in Economics from Balliol College, Oxford, and a PhD in Law from the University of New South Wales. He has been a Visiting Professor of City University, a Governor of the charity 'Research into Ageing', a Fellow of Melbourne University and is a Guest Professor at the China Executive Leadership Academy, Pudong. During the last 15 years he has worked extensively in Australia, South East Asia, and China advising governments, regulators, and companies.

Emily Jones (chair) Associate Professor in Public Policy at the Blavatnik School of Government. Her research examines government practices in asymmetric negotiations in the global economy. She investigates the ways in which small developing countries exert influence even in highly asymmetric negotiations. She holds a DPhil in International Political Economy from the University of Oxford, and an MSc (distinction) in Development Economics from the School of African and Oriental Studies, University of London, and a first class BA in Philosophy, Politics and Economics from the University of Oxford.

Emily Jones is deputy director of the Global Economic Governance Programme, a research programme co-hosted by the Blavatnik School of Government and University College Oxford. The Programme is dedicated to fostering research and debate into how global markets and institutions can better serve the needs of people in developing countries. She is the academic coordinator of the Oxford-Princeton Global Leaders Fellowship Programme which provides exceptional early career researchers with a unique opportunity to work on global governance and the role of developing and emerging countries in the world political economy. She is also a Fellow of University College.