Edmund Phelps Shares Perspectives on “the Role of the State in Economic Growth Roundtable”

On March 18, 2016, Columbia Global Centers | Beijing co-hosted a high-level roundtable conference on the Role of the State in Economic Growth, with the Center on Global Economic Governance (CGEG), the Columbia University Initiative for Policy Dialogue and Tsinghua University. Experts both from home and abroad, including three Nobel Laureates Joseph E. Stiglitz, Edmund S. Phelps, and A. Michael Spence, were invited to join the discussion and share their opinions about the issues of monetary policy, capital flows & capital market regulation; stabilization, industrial policy & reforms, environment and income; Education, R&D and Convergence; global economic governance.

Edmund Phelps, the recipient of the 2006 Nobel Memorial Prize in Economic Sciences, in the interview with China.org.cn said that "there may be financial difficulties that will cause a temporary dip in employment; but China may also get lucky, since there may be positive forces coming from the rest of the world."