Panel:Public Session on the UN Commission of Reform of the Global Financial and Economic System

 date:2009-10-28 16:03:00          

Public Session on the UN Commission of Reform of the Global Financial and Economic System

Date and Time: October 28, 2009  17:45-19:15
Palace:Peking University, CCER, Wanzhonglou
Host: Wu Ho-Mou
Panelists: Joseph E. Stiglitz, Jean Paul Fitoussi, Yu Yongding
Open to: CCER faculties / students / press / Stiglitz China conference participants
Working Language: English


Joseph E. Stiglitz was born in Gary, Indiana in 1943, received his Ph.D. in Economics, from MIT. His career began at Yale, where he became a tenured professor at the age of 27. At the age of 29, he became a Fellow of the Econometric Society and is a member of the National Academy of Science. Stiglitz is also the recipient of the prestigious John Bates Clark Medal, awarded every two years to the American economist under the age of 40 who has made the most significant contributions to the subject. He has also been a faculty member at Princeton, Oxford and Stanford universities. He served on President Clinton''''s Council of Economic Advisers – first as a member and later as chairman with cabinet rank. He was named the Senior Vice President and Chief Economist of World Bank in 1997. Professor Stiglitz received the Nobel Prize in Economics in 2001 (with George Akerlof of the University of California, Berkeley and A. Michael Spence).
Professor Stiglitz has made seminal and fundamental contributions to every subfield of economic theory – microeconomics, macroeconomics, industrial organization, international economics, labor economics, financial economics and development economics. Stiglitz helped create a new branch of economics, "The Economics of Information," exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. He has made major contributions to macro-economics and monetary theory, to development economics and trade theory, to public and corporate finance, to the theories of industrial organization and rural organization, and to the theories of welfare economics and of income and wealth distribution. In the 1980s, he helped revive interest in the economics of R&D.
His work has helped explain the circumstances in which markets do not work well, and how selective government intervention can improve their performance.
Recognized around the world as a leading economic educator, he has written textbooks that have been translated into more than a dozen languages. He founded one of the leading economics journals, The Journal of Economic Perspectives. He has recently come out with a new book, The Roaring Nineties (W.W. Norton). His book Globalization and Its Discontents (W.W. Norton June 2001) has been translated into 28 languages and is an international bestseller
July 20, 1998  China's Second Generation Reforms
March 18, 2005  The World Globalization and 21th Century China
March 16, 2006  attending the open discussion on Premier Wen''''s Work Report  organized by CCER
March 8, 2007  Institutional Design for China's Innovation System: Implications for Intellectual Property Rights
Oct. 28, 2009 Public Session on the UN Commission of Reform of the Global Financial and Economic System

Professor Yu Yongding

Yu Yongding is an Academician with Chinese Academy of Social Sciences (CASS),  former Director-
General of Institute of World Economics and Politics (IWEP) (1998- ), Professor with Post-
Graduate School of Chinese Academy of Social Sciences, President of the China Society of
World Economics (2001- ), Editor of China and World Economy, Associate Editor of Asian
Economic Policy Review. He was formerly the academic member of the Monetary Policy
Committee of the People''''s Bank of China (PBOC) and member of National Advisory Committee
of the 11th Five Years Plan of National Reform and Development Commission (NDRC). He is a
foreign member of Academie Hassan II Des Sciences Et Techniques, Royaume Du Maroc.

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