On the afternoon of May 14, the "2011 Global Economy and China's Direction-Christopher A. Pissarides's China Tour" was grandly held at the Antai College of Economics and Management (ACEM), Shanghai Jiao Tong University. Christopher A. Pissarides, 2010 Nobel Economics Prize winner and professor in London School of Economics and Political Science, delivered a speech in the ACEM Lecture Hall, elaborating on the revelation of employment dynamics on policy making in economic development.
On behalf of SJTU, Academician Zhang Jie extended a warm welcome and gratitude to Prof. Pissarides and his entourage. He hoped that this China tour would establish a platform for communication between world-renowned economists and for sharing the wisdom and broad vision of Nobel Prize winners in Economics with SJTU and friends at home and abroad.
China is faced with severe issues during its economic transition such as the fast aging population and the rise in house price and commodity price. This forum served as a dialogue platform for sharing global wisdom. Prof. Pissarides elaborated on the current macroeconomy and labor market. He made four keynote speeches respectively in Beijing ("Ageing Society and Change of China"), Shanghai ("What Should Government Do in a Welfare Society?"), Guangzhou ("Macroscopic Control and the Change of Industry") and Shenzhen ("Shenzhen, How Far from Financial Center?").
SJTU's accelerating internationalization and ACEM's improving brand effect have attracted an increasing number of both domestic and overseas scholars in economics and management, who come to visit SJTU, give lectures and hold face-to-face talks with the current and future elites of China. Inviting Nobel Prize winners to deliver speeches regularly has been a tradition of ACEM. And so far a total of 7 Nobel Prize winners in Economics have been to ACEM such as Oliver E. Williamson in 2010 and Paul R. Krugman in 2009. This time, Christopher A. Pissarides's China Tour has also received extensive attention from the public and the government.
Translated by Chen Yanzi | Reviewed by Tian Cong