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.

Standard Chartered

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.

Philippine Politics and SocietyAndrew 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