Course Catalog

Fall 2008

B8365-001: Globalization of the Chinese Economy

R Full Term, 09:00AM to 12:15PM

Instructor: shang-jin wei

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China is an export juggernaut, a voracious importer, an integral part of a global supply chain, a major destination for foreign direct investment, and, starting in recent years, a noteworthy source of financing for other countries, and a party to many economic disputes. Successful businesses have to have a China strategy; responsible governments have to have a China strategy. This course helps future leaders in business and government to develop a systematic understanding of opportunities and challenges associated with the rise of China in the world economy. After reviewing the country's contemporary economic history, this course examines China's experience in converting inefficient state-owned firms to competitors in the world market, foreign investors' experience in China, its style of business negotiation, risks of business disputes and options to manage the risks, exchange rate and financial system, and interactions among the politics, the society, and the economy.

Shang-Jin Wei

Shang-Jin Wei

N T Wang Professor of Chinese Business and Economy

Shang-Jin Wei has been Professor of Finance and Economics and N.T. Wang Chair in Chinese Business and Economy at Columbia University's Graduate School of Business since 2007. He is also Director for the National Bureau of Economic Research's Working Group on the Chinese Economy and a Research Fellow at the Center for Economic Policy Research (Europe). Before joining Columbia University, he had had the positions of Assistant Director, Chief of Trade and Investment Division, Chief of Mission to Myanmar (Burma) at the International Monetary Fund, the New Century Chair Senior Fellow at the Brookings Institution, and Associate Professor at Harvard University's Kennedy School of Government. He has undertaken consulting work for both private companies such as PricewaterhouseCoopers and government organizations such as the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of San Francisco, the World Bank, the Asian Development Bank, and the United Nations. Professor Wei has published extensively on topics on international finance, trade, and the Chinese economy in leading academic journals. His research has also been reported in Financial Times, Wall Street Journal, Economist, Business Week, Chicago Tribune, and other news media. Professor Wei received his MS in business administration (finance) and Ph.d in economics from University of California, Berkeley.

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