Gillam Lecture Series
Alongside its endowment of the Sir Patrick Gillam Chair in
International and Comparative Politics at the LSE, Standard
Chartered Bank has also sponsored the annual Sir Patrick Gillam Lecture
Series, which is hosted each year by the LSE and chaired by LSE
Director Sir Howard Davies. The Gillam Lecture Series brings to the LSE
senior academic specialists and prominent experts from the world of
policy to speak on important trends, developments, and problems in the
realm of economic growth, crisis, prosperity, and hardship in the
developing world, with a special focus on Asia. The lectures have been
notable for their success in showcasing cutting-edge approaches and
contrarian arguments that challenge audiences to re-examine the
conventional wisdom on important issues of global economic, social, and
political change.
2009 Lecture
18 May 2009, 6:30pm-8pm
Wolfson Theatre, New Academic Building, LSE
Andrew B. Bernard
TITLE: "Bulls or Bears in the China Shop? Global Crises, Global Linkages and Asian Manufacturing"
The current round of globalization has connected economies in ways
unimagined even twenty years ago. The huge cross-border flows of
assets, ideas, goods and services have linked countries in a cycle of
prosperity raising millions out of poverty. East Asian economies have
emerged as factories to the world as well as a major source of global
capital. However, the advent of the current financial and economic
crises are wreaking havoc on these very same economies. The linkages
that once offered a lifeline now threaten to overwhelm newly emergent
economies. This lecture examines the economic connections that will
survive the current downturn and how they will shape the Asian
economies going forward.
Andrew B. Bernard is the Jack Byrne Professor of International
Economics and Director of the Center for International Business at the
Tuck School of Business at Dartmouth. He is also an independent
Director for the Chicago-based National Stock Exchange and a Research
Associate for the National Bureau of Economic Research, the Institute
for Fiscal Studies in London, and the Centre for Economic Performance
at the London School of Economics. He frequently lectures on the topic
of globalization and firm responses including at the IMF, the European
Central Bank, and the European Commission. In recent years, he has been
a Visiting Scholar at both the Federal Reserve Board and the New York
Federal Reserve Bank and has consulted with the Appalachian Regional
Commission and the NIST Manufacturing Extension Program.
Professor
Bernard is an expert on firm and industry responses to globalization.
He was one of the first academics to specifically study how firms
respond to globalization and has published several papers on exporting,
offshoring, outsourcing, and productivity, including a recent
publication entitled, “Firms in International Trade” published by the
Journal of Economic Perspectives. He has also examined the strategic
response of U.S. and German firms to competition from low-cost
countries such as China, transfer pricing decisions by U.S.-based
multinationals, and the effects of tariff and trade cost reductions on
firm performance and productivity growth in the economy. His current
research is focused on analyzing the factors multinational firms
consider when entering multiple product markets in different countries,
where they choose to produce those products, and how they are sourced.
He received a multi-year grant from the National Science Foundation to
support his work on firms and products in international trade.
In addition to being published in top academic journals such as the
Harvard Business Review and the American Economic Review, Bernard's
research has been featured on CNN, CNBC, Good Morning America, MSNBC,
NPR, the BBC, and in the New York Times, Wall Street Journal, Financial
Times, The Economist, Nikkei, Fortune, and Business Week. Professor
Bernard is an associate editor of the Review of Economics and
Statistics and the Journal of International Economics. Prior to joining
the faculty at Tuck in 1999, he taught at the Massachusetts Institute
of Technology, 1991-97, and the Yale School of Management, 1997-99.
Professor Bernard received an AB from Harvard University in 1985 and a
PhD from Stanford University in 1991.
Lecture Slides | Podcast
Previous Lectures
21 May 2008
Professor Andrew Sheng, Chief Advisor to the China Banking Regulatory Commission
TITLE: "Finance in East Asia: From Crisis to Integration - Challenges of Second-Generation Reforms"
The lecture looked at structural changes in the financial landscape
in East Asia, and issues being faced by reformers and regulators,
including in China, on raising the game of globalising Asia.
Andrew Sheng | Lecture Notes |Podcast
26 November 2007
Professor Aseema Sinha, Associate Professor of Political Science, University of Wisconsin at Madison
TITLE: "When David Meets Goliath: How Globalisation is Changing India"
India, like other large developing countries with strong national
traditions, marches to its own tune in world politics. Until now, it
has shown considerable ability to resist global pressures and
integration imperatives. In its interactions with the global world,
India has been likened to a reclusive porcupine, slow-footed,
defensive, and prickly. Yet remarkable change is also much in evidence
in India. In 2005, Manmohan Singh, India's Prime Minister, declared:
"Being an open democratic polity and an open economy empowers India."
India today is a different world from that of 1990. How did this rapid
and sudden change happen in India?
Professor Aseema Sinha of the University of Wisconsin at Madison
addressed this question in her lecture. She argued that crucial
domestic societal changes in India were a necessary precondition for
changes in state policies, in the preference of domestic forces, and in
the balance of power among interest groups in the country. The
emergence of new social and political coalitions favouring greater
global integration combined with an activated state in India to effect
policy reorientation and reform in the direction of greater openness.
Professor Seema's lecture thus highlighted the specific political
processes and mechanisms through which global integration and
institutions have shaped domestic politics in India.
Professor Sinha teaches in the Department of Political Science at the University of Wisconsin. Her first book, The Regional Roots of Developmental Politics in India: A Divided Leviathan
(Indiana University Press, 2005), focused on the role of state-level
politics and industrial policies in explaining sub-national variation
in investment patterns and industrial growth across India. The book,
which covered the diverse cases of Gujarat, Tamil Nadu, and West
Bengal, received the Joseph Elder Award for Best Book in the Indian
Social Sciences. Since then, Professor Sinha has been conducting
research on the impact of globalization and engagement with
multilateral institutions like the WTO on domestic politics in India,
paying close attention to shifting patterns of activism by business
associations and changing state policies and institution-building
across India over the past decade. She is currently in the process of
completing a second book, When David Meets Goliath: How Global Trade
Rules Shape Domestic Politics in India, from which her lecture was
drawn.
Aseema Sinha | Lecture Paper (as published in Comparative Political Studies)
11 October 2006
Professor Yasheng Huang, Associate Professor, Sloan School of Management, Massachusetts Institute of Technology
TITLE: "Growth Dynamics in China and India: Getting the Story Right"
Many believe that China's economic miracle is a result of
substantial infrastructural investments and huge foreign direct
investment (FDI) inflows. India, by comparison, is seen to be
struggling with backward infrastructures and a low level of FDI. In
this lecture, Professor Yasheng Huang challenged the conventional
understanding of patterns of economic growth in China and India and
offered an alternative - and highly contrarian - comparative analysis
of his own.
28 November 2005
Professor Jomo Kwame Sundaram, Assistant Secretary-General for
Economic Development, United Nations' Department of Economic and Social
Affairs
TITLE: "Whither the Flying Geese: Prospects for Regional Integration in East Asia"
East Asian regional economic cooperation has been problematic ever
since it was first discussed in the 1980s. It was then conceived as
necessarily being under Japanese leadership with various
interpretations of the 'flying geese' and 'yen bloc' metaphors
dominating discussion. In the early 1990s, the Asia-Pacific Economic
Cooperation (APEC) forum finally got off the ground under US leadership
as the ASEAN Free Trade Area (AFTA) finally secured endorsement. FTAs
-- free trade areas as well as agreements -- became the dominant
metaphor with Japanese economic stagnation, China's rapid ascendance,
APEC losing steam and the 1997-98 East Asian financial crises. US and
Japanese concerns about China's resurgence as well as practical
considerations suggest the strong likelihood of continued pragmatic
innovation in regional economic cooperation contrary to the
expectations of textbooks and most pundits.
Jomo K. S. | Lecture Paper
25 May 2005
Professor Meredith Jung-En Woo, Dean of the College and Graduate School of Arts & Sciences, University of Virginia
TITLE: "The Political Ecology of Famine in North Korea: Amartya Sen Revised"
The catastrophic famine in North Korea (1995-98) seems, on the face
of it, the perfect illustration of the thesis advanced by Amartya Sen:
a totalitarian state, utterly bereft of political opposition and
freedom of information, made the prevention of famine impossible - but
is it? Professor Woo discussed the complex ecology of famine that
followed the collapse of industrial and energy regimes in North Korea
and accentuate its anomaly in light of other famines that beset the
world in the last two centuries. She also examined the unexpected
social consequences of famine in socialist countries, in the case of
North Korea, leading to economic transitions-by-default. The insights
from the North Korean catastrophe, Professor Woo argued, point to the
need to anchor the general understanding of famine and poverty in the
larger developmental context, and less exclusively on famine prevention
and disaster relief.
Professor Meredith Woo is a Professor of Political Science and Dean
of the College and Graduate School of Arts & Sciences at the
University of Virginia. She has written extensively on the politics of
economic development, as well as East Asian politics. Among her books
are Race to the Swift: State, Finance and Industrialization of Korea, Ungoverning Capital and Past as Prelude (with Michael Loriaux).
Lecture Notes | Lecture Paper | Lecture Slides
