In my inbox today:
How did China become capitalist, and will she remain so?
The growth of a form of capitalism in China is one of the major economic events of the post-war period. Even though incomes are low by western standards, given the size of the Chinese population the country is now a major economic power. Few envisaged this happening a generation ago. China’s future development now has important implications for the economic prospects of the West.
The IEA has just co-published a book, co-authored by Nobel Laureate Professor Ronald Coase and Ning Wang, that traces how China became capitalist. The results of their research leads to some new – and perhaps surprising – insights. Perhaps the most important aspect of their work, however, is their conclusion that intellectual freedom will be a key ingredient in ensuring that China remains capitalist.
This panel discussion will examine the history of and prospects for China in the context of the work of Professor Coase and Ning Wang. It will begin by a video on the book presented by Professor Coase.
Speakers on the panel include:
Bill Emmott, International Author & Adviser
Adrian Wooldridge, Management Editor and Schumpeter Columnist, The Economist
Unfortunatly I will be unable to attend as I will be somewhere over the pacific (en route to Hong Kong, ironically)