How can China best manage the threat of cascading economic risk?

03 April 2014

201404China Forum

Professor Ian Goldin visited China from the 20-25 March to attend a number of workshops with senior China leaders.

Professor Goldin, Director of the Oxford Martin School, spoke at the Workshop on International Economic Policy and Risk, and participated in the China Development Forum, organised by the Development Research Center of the State Council. Other speakers at these events included the Minister and Vice Minister of Finance, the Governor of the Peoples Bank of China, and a small number of foreign scholars, including Lord Stern, President of the British Academy and Professor Joseph Stiglitz, Professor of Economics at Columbia University, both of whom are members of the Advisory Council of the Oxford Martin School.

Professor Goldin, who has been a regular visitor to China and actively engaged in discussions on Chinese economic policy over the past thirty years, said: “During this visit very stimulating discussions took place and I was once again impressed by the extraordinary developments taking place in China and the leadership’s engagement on very complex economic and development issues.

"I spoke about some of the issues arising in my new book, The Butterfly Defect: How globalization creates systemic risks, and what to do about it, and how those may impact on China, and what China should do about it. They were very alive to the issues, very engaged and very knowledgeable."