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Session 8: China and India in the Global Economy
Learn how these emerging economic giants are affecting everything from commodity prices to labor force development.
Presentations
Yasheng Huang, The Rise of Corporate China (PDF, 109 K)
Beth Anne Wilson, India and the Global Economy (PDF, 138 K)
Links of Interest
Speakers
Yasheng Huang
Associate Professor of International Management
Massachusetts Institute of Technology Sloan School of Management
Yasheng Huang is an associate professor in the area of international management at the MIT Sloan School of Management. He joined MIT in 2003. His previous appointments include assistant professor at the University of Michigan, associate professor at Harvard University, and consultant to the World Bank. Professor Huang's research focuses on international business, political economy, and institutional issues. His recently published book, Selling China (Cambridge University Press, 2003) examines the institutional drivers of foreign direct investment (FDI) in China. Unlike many other studies of FDI in China, this book shows that some of the inefficiencies of China's financial and legal institutions have served to drive up FDI inflows. The principal effect of these inefficiencies is a lowering of the average level of competitiveness of domestic firms, which creates a number of propitious conditions for foreign firms. Professor Huang is extending this way of looking at FDI-examining the competitiveness of domestic firms-to other countries by analyzing the institutional environment for local firms and entrepreneurship. He is currently working on projects on private sector development in China and in India and is writing several papers on the institutional determinants of foreign ownership and FDI.
Stoyan Tenev
Lead Economist for East Asia and Pacific
World Bank Group
Stoyan Tenev is the Lead Economist for East Asia and Pacific in the International Finance Corporation of the World Bank Group. He joined the World Bank in 1993 as an economist in the Development Policy Department. Stoyan Tenev has been working on China and East Asia since 1998 and has been in his current position since 2002. He has co-authored several books and articles on China and East Asian economies including China’s Ownership Transformation: Process, Outcomes, Prospects (2005),Corporate Governance and Enterprise Reform in China: Building the Institutions of Modern Markets (2002) and China’s Emerging Private Enterprises (2000). His work has been featured in the financial press including Bloomberg, The Economist, China Business, China Business review, The Financial Times, and The Wall Street Journal.
Beth Anne Wilson
Senior Economist
Federal Reserve Board
Beth Anne Wilson is a senior economist in the International Finance Division of the Federal Reserve Board. She currently covers India and Korea and has followed emerging market issues for several years. During 2003-2004, she was senior economist for International Finance at the Council of Economic Advisers, and earlier work at the Board focused on U.S. labor markets. She has an active research agenda in areas including wage behavior, macroeconomic volatility, and finance. She received her PhD in economics from the Massachusetts Institute of Technology in 1995.
