China’s Problems in the Twenty-First Century

Dr. Tanweer Akram, August-2018-01

China has made remarkable economic progress after the reforms that started in the late 1970s. Per capita real income has grown markedly. The rates of absolute poverty have declined. The country is the world’s most important manufacturing center and the leading exporter of goods. Most Chinese people now live in urban areas. Infrastructure investment has been astonishing. However, income inequality and various forms of polarizations and stratification have increased. There are serious threats to the environment. The sharp rise in housing prices and increased leverage among corporations and financial institutions pose risks to financial stability. The Communist Party of China retains the monopoly of political power. China’s relationship with its neighbors are complex and evolving. This presentation will be undertaken in light of Bertrand Russell’s remarkably prescient discussion of China’s problems published in 1922. Some of the issues that Russell identified in his book on China, such as industrialization, education, and governance, still apply to contemporary China. However, there are also many new issues, such as environment and financial development, that are crucial today for the country’s modernization and development. This presentation shall examine China’s achievements and its challenges in the twenty‐first century.

Chair: Dr. Selim Raihan, Executive Director, SANEM
Presenter: Dr. Tanweer Akram, Director, Policy and Economics, Thrivent Financial, USA
Date: 18 August 2018
Time: 10:30 AM – 12:00 PM
Venue: Meeting room, SANEM

Dr. Tanweer Akram: Dr. Tanweer Akram is Director of Global Public Policy and Economics at Thrivent Financial. Thrivent, a Fortune 500 company, manages more than $136 billion dollars in assets offering a wide range of financial products and services to over two million members throughout the United States. Dr. Akram conducts research on global macroeconomic outlook, trends and risks. He is also responsible for developing the firm’s views on international regulatory issues related to the financial services industry, particularly on those topics that pertain to the mutual and cooperative insurance industry. Dr. Akram has previously worked for Voya Investment Management and Moody’s Analytics (formerly Moody’s Economy.com). He has also worked for the Investment Climate Department of the World Bank, A.T. Kearney’s Global Business Policy Council, and the Asia Department of the International Monetary Fund. He was a Visiting Research Fellow at the Centre for Policy Dialogue. He has taught at Barnard College and Columbia University in the United States, and North South University in Bangladesh. Dr. Akram received a doctorate in economics from Columbia University in New York and a master of science in economics from the London School of Economics in the U.K. He obtained a bachelor of arts in economics from Grinnell College, Iowa. His research papers and reviews have been published in various peer-reviewed professional journals. He has been quoted in major financial and business press, including Reuters, Bloomberg, The Wall Street Journal, The Daily Telegraph, The Washington Post, The Chicago Tribune, The New York Times, The Guardian, Nikkei, The Street.com, CNBC, CNNMoney, MarketWatch, and other media.

Academicians, policy advocates, researchers and students of Economics are encouraged to attend the event. To participate in the presentation session register in this Google form