Asia Global Institute
The Dragon and The Eagle — Must the World Choose?

The Dragon and The Eagle — Must the World Choose?

Wednesday, December 6, 2023

Venue: HKU iCube, 4005-07, Two Exchange Square, Central, Hong Kong

Edward Cunningham, Karen Dynan, Douglas Elmendorf, Eric Li, Anthony Saich, Brian Wong, Heiwai Tang

AGI Lectures

Enquiry: T: +852 3917 1297 | E: agimail@hku.hk

Information

In this lecture, a delegation from the Harvard Kennedy School (HKS) joined Eric Li from Chengwei Capital, as well as Dr Brian Wong from the Department of Philosophy, HKU, to discuss the political and economic climate between China and the US.

Karen Dynan, Professor of the Practice of Public Policy from HKS, initiated the discussion by outlining the primary economic challenges the world faces, such as high debt ratios and consistently high interest rates. She argued that these factors could hinder growth, limit governments' ability to address issues like climate change, and prevent lower-income countries from benefiting from technology, ultimately worsening income inequality.

Eric shared his perspectives on China's transition in industrial policy, stating that the country is experiencing a necessary but painful shift to move higher up in the global value chain. However, he acknowledged that this transition is causing uncertainty, and the direction remains unclear to many. Anthony Saich, Daewoo Professor of International Affairs from HKS, concurred with Li about the ambiguity surrounding China's economic transition. He further observed that China's political system has become more top-down and centralized in recent years, which also affects economic decision-making.

Edward Cunningham, Director of Ash Center China Programs and of the Asia Energy and Sustainability Initiative, HKS, offered a more optimistic view, emphasizing the potential for cooperation between the US and China in new energy and sustainability sectors. Lastly, Dr Brian Wong addressed Hong Kong's role in the turbulent international geopolitical climate, suggesting that the city should leverage its unique status as a bridge between the US and China.

This seminar was supported by HKU iCube and APEC Study Center.

About the Speakers

Director of Ash Center China Programs and of the Asia Energy and Sustainability Initiative, Harvard Kennedy School

Edward Cunningham

Professor of the Practice of Public Policy, Harvard Kennedy School; Professor of the Practice of Economics, Harvard Faculty of Arts and Sciences

Karen Dynan

Dean of Faculty and Don K. Price Professor of Public Policy, Harvard Kennedy School

Douglas Elmendorf

Chairman & Managing Partner, Chengwei Capital

Eric Li

Daewoo Professor of International Affairs, Harvard Kennedy School

Anthony Saich

Assistant Professor, Department of Philosophy, The University of Hong Kong

Brian Wong

Director, Asia Global Institute

Heiwai Tang

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The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?
The Dragon and The Eagle — Must the World Choose?

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