{"id":183438,"date":"2023-03-03T11:58:04","date_gmt":"2023-03-03T03:58:04","guid":{"rendered":"https:\/\/www.hkubs.hku.hk\/?p=183438&post_type=event&preview_id=183438"},"modified":"2023-10-05T16:04:44","modified_gmt":"2023-10-05T08:04:44","slug":"smith-around-the-world-lecture-series-2023","status":"publish","type":"event","link":"https:\/\/www.hkubs.hku.hk\/sc\/event\/smith-around-the-world-lecture-series-2023\/","title":{"rendered":"Smith Around the World Lecture Series"},"content":{"rendered":"

Smith Around <\/strong>the World Lecture Series<\/strong><\/h3>\n
Triumph of the Market: What China\u2019s past and present tell us<\/em><\/h5>\n

Date:<\/strong> 24 March, 2023 (Friday)
\nTime:<\/strong> 16:30 \u2013 17:45
\nLocation:<\/strong> Wang Gungwu Lecture Hall, Graduate House, The University of Hong Kong<\/p>\n

Adam Smith 300<\/span><\/strong> is a timely opportunity to renew the global interest in Adam Smith and to bring his ideas and legacy into contemporary debates around the world. HKU Business School is pleased to collaborate with the University of Glasgow to jointly organise the Smith Around the World Lecture Series<\/strong>, presenting a lecture titled \u201cTriumph of the Market: What China\u2019s past and present tell us\u201d<\/b><\/em> by Professor Zhiwu Chen to mark Adam Smith\u2019s Tercentenary.<\/span><\/p>\n

From the Neolithic to the Han dynasty, the southern coastal regions remained as China\u2019s backwaters and did not experience much development. However, from the early Tang dynasty onward, maritime trade launched the South onto a Smithian growth path, transforming China\u2019s economic landscape. By the end of the Yuan dynasty, the coastal economies became the country\u2019s economic powerhouse. Over the subsequent centuries, the South stagnated as the emperors wavered between sea bans and limited maritime trade. Ultimately, though, the country had to open itself for foreign trade as a result of the Opium War, unleashing the forces of unfettered Smithian growth.<\/span><\/p>\n

In this lecture, Professor Chen will argue that the rise to prominence of the southern coastal regions \u2013 especially Guangzhou, Hong Kong, Shenzhen, Shanghai and Hangzhou – showcases the power of Smithian growth drivers. Uncompromised freedom to exchange encourages division of labour, which raises productivity and lifts wealth creation; and, as the extent of the market determines the extent of this division effect, globalization deepens specialization and lengthens the supply chain, pushing growth to unprecedented levels. It is the Smithian growth experience that gave the South its distinctive pro-business culture, as opposed to North China\u2019s pro-power culture.<\/span><\/p>\n

Speakers<\/h4>\n

Professor Zhiwu Chen<\/strong>
\nChair Professor of Finance, HKU Business School<\/em>
\nDirector, Hong Kong Institute for Humanities and Social Sciences<\/em><\/p>\n

Professor Y.C. Richard Wong<\/strong>
\nProvost and Deputy Vice-Chancellor, The University of Hong Kong<\/em><\/p>\n

Moderator<\/h4>\n

Professor Xiaodong Zhu
\n<\/strong>Area Head of Economics, HKU Business School<\/em><\/p>\n

Programme Rundown<\/h4>\n

Welcome Remarks<\/strong>
\nProfessor Y.C. Richard Wong<\/strong>
\nProvost and Deputy Vice-Chancellor, The University of Hong Kong<\/em><\/p>\n

Opening Remarks<\/strong>
\nProfessor Kostas Kontis<\/strong>
\nDean for Global Engagement (China and East Asia),
\n<\/em>The University of Glasgow<\/em><\/p>\n

Opening Remarks<\/strong>
\nProfessor Sara Carter<\/strong>
\nVice Principal and Head of College of Social Sciences,
\n<\/em>The University of Glasgow<\/em><\/p>\n

Lecture<\/strong>
\nProfessor Zhiwu Chen<\/strong>
\nChair Professor of Finance, HKU Business School<\/em>
\nDirector, Hong Kong Institute for Humanities and Social Sciences<\/em><\/p>\n

Discussion with Professor Y.C. Richard Wong<\/em>, to be moderated by<\/strong>
\nProfessor Xiaodong Zhu
\n<\/strong>Area Head of Economics, HKU Business School<\/em><\/p>\n

Question-and-Answer Session<\/strong><\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"tags":[],"class_list":["post-183438","event","type-event","status-publish","hentry","event-categories-knowledge-exchange-sc","event-types-event"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/event\/183438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/event"}],"about":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/types\/event"}],"version-history":[{"count":11,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/event\/183438\/revisions"}],"predecessor-version":[{"id":198346,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/event\/183438\/revisions\/198346"}],"wp:attachment":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/media?parent=183438"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/tags?post=183438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}