Accepted theories of economic growth and growth takeoff cannot explain the rise of China. Yi Wen, Assistant Vice President in the Research Division of the Federal Reserve Bank of St. Louis, will present an alternative theory, that China was able to take off because the government created markets for Chinese businesses. He argues that this theory provides a better explanation for the industrial revolution than the widely accepted institutional theory of economic development.
The coeditor of the China Economic Review, Wen holds an MA from the University of Notre Dame and a PhD from the University of Iowa.
Co-sponsored by the Kellogg Institute for International Studies and the Liu Institute for Asia and Asian Studies.