This fall, Ross China Initiatives partnered with the Lieberthal-Rogel Center for Chinese Studies, the LSA Department of Economics, the Gerald R. Ford School of Public Policy, and Ross Executive Education to host a two-day conference with over 200 attendees, which examined China’s current industrial upgrading and economic growth. The keynote speakers were leading economists Justin Yifu Lin and Shang-Jin Wei.

Justin Yifu Lin, former Chief Economist and Senior Vice President of the World Bank and current Director of the Center for New Structural Economics at Peking University, presented on New Structural Economics, reviewing China’s new challenges with the middle-income trap and potential solutions. According to Lin’s presentation, the middle-income trap refers to how mobility from a middle-income to high-income country is quite rare, given that only 13 out of 110 middle-income countries have moved up to the high-income level by 2008. However, with New Structural Economics, labor productivity can be boosted by upgrading endowment structures and improving infrastructure.

Shang-Jin Wei, Chief Economist of Asian Development Bank and Professor at Columbia University, discussed how China’s recent economic growth was stimulated by embracing globalization and favorable labor demographics, but in terms of innovations, there is still a big gap between China and the U.S. and other East Asian countries. Wei’s research suggests that China’s potential transition to become an innovative country can come from lower tariffs, more export firms, and a robust relationship between wages and innovations.

Beyond the keynotes, the conference hosted a number of other esteemed economists and industry leaders who prompted thought-provoking discussions surrounding China’s changing development model and the role of industrial upgrading in promoting new sources of growth and development. Please reference the conference program for the full list of participants and presentations.

 

Contact Us
Ross School of Business
rossoperations@umich.edu
734.615.5002

Alumni Career Services
rossalumnicareers@umich.edu 
734-647-6913

734-936-3917

RossCDO@umich.edu
(734) 764-1373

positiveorg@umich.edu
734.647.8154

socialimpact@umich.edu
734-763-4214

djbrophy@umich.edu
734.764.7587

734.647.4948

Ross IT
rossitsupport@umich.edu
734-615-3000 (option 1)

(734) 763-5775

eamdc@umich.edu

Ann Arbor Office
734-764-6411

Seoul Office
82-2-2000-2737

Tokyo Office
81-3-5220-2882

Ross Executive Education
rossexeced@umich.edu
+1 734-763-1000

Front Desk
ross-elcc@umich.edu
734.764.7677

rossemba@umich.edu
Ann Arbor - 734.647.3400
Los Angeles - 310.617.4750

Nicole Watson
734.647.4027
nmwatson@umich.edu
Technology & Operations

Ana Austin
amorrel@umich.edu
734.615.5067

Ann Arbor Office
rossgmba@umich.edu
734-764-6411

socialimpact@umich.edu
734-763-4214

Administrative Office
kresge_library@umich.edu
734.764.7356

734.764.9945

rossmacc@umich.edu
734-764-7255

RossMMinfo@umich.edu
734-615-6229

RossMMinfo@umich.edu
734-615-6229

rossmscm@umich.edu
734-647-1396

Heather Byrne, Managing Director
hbyrne@umich.edu
734-647-6543

Joyce Buchanan, Executive Secretary
buchanan@umich.edu
734.764.5222

Tesenga Smith
tesdun@umich.edu
734.764.9868

rossfinaid@umich.edu
734.764.5139

Emily Frye
ejfrye@umich.edu
734.763.1180

otpr@umich.edu
734.763.3068

Paul Kirsch
Managing Director
pskirsch@umich.edu
RossUndergrad@umich.edu
734-763-7267

rossptmba@umich.edu
734.615.6529

734.763.2376

Lillian Chen, Research Area Specialist
lillianc@umich.edu
734-615-7348

Ross Registrar's Office
rossregistrarsoffice@umich.edu
734-647-4933

701 Tappan Street
Ann Arbor, MI 48109

(734) 615-5002

Stewart Thornhill
Executive Director
thorstew@umich.edu
734-615-4421

734.764.2246

734.936.2726

tauberinfo@umich.edu
734.647.1333

Stephen M. Ross School of Business
University of Michigan
701 Tappan Street, R5342
Ann Arbor, MI 48109-1234

Phone: 734-647-4027
TechnologyBusinessInnovationForum@umich.edu">TechnologyBusinessInnovationForum@umich.edu

734.763.5183
wdi@umich.edu
734.763.5020