Published on: 2013-06-13
The Hong Kong University of Science and Technology (HKUST) Institute for Emerging Market Studies (IEMS) held its launch event on the 27th of May, 2013.
President Tony Chan welcomed the participants and thanked Jay Nibbe, EY Markets Area Managing Partner for Europe, Middle East, India and Africa (EMEIA), for EY’s generous agreement to provide 5 years of financial support to the new Institute.
In addition to Mr. Nibbe, HKUST IEMS Director Albert Park moderated a panel discussion featuring world-renowned academic scholars who shared their insights into emerging market economies.
Prof. Jan Svejnar from Columbia University discussed the effects of current global economic situation on emerging market economies, explaining how globalization and foreign competition have affected domestic firms in emerging markets.
Prof. Yang Yao from Peking University commented on China’s economic growth prospects, and suggested that although China is likely to maintain relatively high rates of growth, technology lock-in, environmental problems and the on-going energy revolution constitute real challenges that China must overcome to achieve sustained economic growth.
Prof. Deepak Nayyar from Jawaharlal Nehru University analyzed the technological capabilities of China, India and Brazil, and emphasized the opportunities for late-comer countries to learn from these countries to promote their own technological development. He also pointed out that each economy has its own specificities and may be allies on many issues but also competitors in some arenas.
Prof. Tony Chan, President of HKUST, is delivering welcoming remarks.
(From left) Prof Deepak Nayyar, Prof Yang Yao, Prof Jan Svejnar, Mr Jay Nibbe and Prof Albert Park at the Forum.
Welcoming remarks by Prof. Albert Park and Prof. Tony Chan
Remarks by Mr Jay D. Nibbe, Ernst & Young Markets Leader for Europe, Middle East, India and Africa
Presentation on “Effects of the Global Economic Situation on Emerging Market Economies”
by Prof. Jan Svejnar, Director of the Center for Global Economic Governance, Columbia University, and former candidate for the Presidency of the Czech Republic
Presentation on “China’s Growth Prospects and Some Structural Obstacles”
by Prof. Yang Yao, Director of China Center for Economic Research and Dean of the National School of Development, Peking University
Presentation on “Emerging Economies and Global Crisis: Lessons from, and Prospects of China, India and Brazil”
by Prof. Deepak Nayyar, Emeritus Professor of Economics at Jawaharlal Nehru University and former Chief Economic Adviser to the Government of India