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Yale prof tackles China's economic future in WMU lecture

by Mark Schwerin

March 30, 2011 | WMU News

Photo of Dr. Zhiwu Chen.
KALAMAZOO--What China's rapidly evolving economy will look like by the middle of this century is the topic on tap next week when a visiting economist speaks as part of Western Michigan University's Werner Sichel Lecture Series.

Dr. Zhiwu Chen, professor of finance in the Yale University School of Management, will speak from 3 to 4:30 p.m. Wednesday, April 6, in Room 2028 of Brown Hall. His presentation, titled "China in 2049," is free and open to the public.

Chen received his doctorate in finance from Yale in 1990 and is an expert on finance theory, capital markets and China's economic and financial markets. He is a frequent contributor to top economics and finance journals, with articles ranging from securities valuation to capital market development, the impact of financial markets on society and culture and economic policy topics.

Recently, Chen has focused his research on market development and institution-building issues in the context of China's transition process and other emerging markets. His work also has been featured in The Wall Street Journal, The New York Times, The Boston Globe, Barron's, Far-Eastern Economic Review and many newspapers and magazines in Hong Kong and China. He is a frequent contributor to newspapers and magazines in China, writing on economic policy, market development and legal reform issues, making him one of the influential economists in China.

Chen's books published in China include "How is Wealth Created?" "Media, Law and Markets," "Why Are the Chinese Hard-Working but Poor?" "Irrational Overconfidence," "The Logic of Finance," "24 Wealth Lectures" and "Chen Zhiwu on China's Economy." Among his books, "The Logic of Finance" received 23 Best Books of 2009 awards in China and has remained on the top-five best-seller list ever since.

Chen is co-founder and partner of Zebra Capital Management and a member of the board of directors at both Lord Abbett China and the Bank of Communications in China. He is on the policy advisory board for the Beijing Municipal Government and for the Hunan Provincial Government. Chen received the Pacesetter Research Award at Ohio State University in 1999, the Merton Miller Prize in 1994 and the Chicago Board Options Exchange and Competitive Research Award in 1994.

The Sichel Series is organized by the WMU Department of Economics and named in honor of longtime WMU economics professor Dr. Werner Sichel, who retired in 2004. Now in its 47th year, the speaker series brings highly regarded economists to the area to discuss timely and important economic issues. The theme of this year's series is "Dragon vs. Eagle: The Chinese Economy and U.S.-China Economic Relations."