Asia Dialogue: The Chinese economy: Is it capitalism? Event as iCalendar

(New Zealand Asia Institute, All events)

24 July 2013

18 - 20pm

Venue: The University of Auckland, Fisher & Paykel Appliances Auditorium, Owen G Glenn Building, 12 Grafton Road, Auckland

Host: New Zealand Asia Institute

RSVP: Please confirm your attendance by Friday 19 July by completing the online registration form.

Speaker: Professor Marshall W Meyer

Terms like “state capitalism”, “centrally managed capitalism” and “capitalism with Chinese characteristics” are used to describe the Chinese economy, and further reform toward untrammelled capitalism is promised.

Some scholars argue that Chinese private enterprise is vigorous and today dominates large swaths of the Chinese economy including the Yangtze River delta. Still, it appears that nationwide (1) economic growth continues to take precedence over profits (and sometimes guanxi, or connections, over growth), (2) access to equity and debt markets remains difficult for private firms, and (3) private firms remain highly vulnerable to economic cycles. Which view is more accurate may be less important than their implications for actions to reinvigorate the economy now contemplated by the Chinese government.

Professor Meyer joined Wharton in 1987 and in 2010 was named Tsai Wan-Tsai Professor. He is also Professor of Management, Professor of Sociology, Associate Member of the Centre for East Asian Studies, and a member of the Executive Committee of the newly formed Centre for the Study of Contemporary China at the University of Pennsylvania.

He has taught at many leading US universities, including Harvard and Cornell, and also at the Chinese University of Hong Kong, Tsinghua University and at the Hong Kong University of Science and Technology.

Professor Meyer is currently conducting several research projects in the People’s Republic of China including one with Haier Group, the new owner of Fisher & Paykel Appliances. Haier’s innovative management system ZZJYT has inverted Haier’s organisational structure and responsibility for financial results is now delegated to more than 2,000 ZZJYTs or self-managed work teams.

Professor Meyer will also be speaking at The University of Auckland on 25 July at the 3rd Business China Symposium.

Watch Marshall Meyer's video presentation (40:08)

Other past Asia Dialogue events