Dear students,

Model United Nations Club at HKUST is a newly established
student society that is committed to organizing inspiring talks and
workshops which equip students with all-round skills for attending MUN
conference where heated global issues will be debated over. Now, you are
cordially invited to the forthcoming lecture given by professor Wang Yong
from Department of Economics at HKUST. Below please find the details about
this event.

*Topic: China's State Capitalism: A Root Cause of Internal
and External Economic Imbalances*
* Speaker: Prof. Wang Yong, Assistant Professor from the
Department of Economics at HKUST

Date: February 29th, 2012
Time: 19:15—20:45 (Registration begins at 19:00)
Venue: Room 2407 (Lift 17-18) *
* *
* *Here is the abstract of this speech: Why have the
State-owned enterprises achieved the unprecedentedly high profitability
relative to the private firms in China recently while they performed badly
in the past? Why is the labor income share in GDP so low and still
declining over time? Why is the saving rate so high in China? Why does
China have such a large current account surplus? In this lecture, these
internal and external economic imbalances will be explained within a
unified analytical framework of China’s state capitalism. The
sustainability of China’s growth model and its global implications will
also be discussed.

Part of the speech will be related to a paper of Prof Wang
Yong. You are highly recommended to read this paper before the talk. Please
click on the link below to find the paper:

http://ihome.ust.hk/~yongwang/state%20capitalism.pdf

Basically, the lecture consists of two sections. In the
first section, Professor Wang Yong will be giving a speech on the topic,
which will last for around one hour. The second part will be Q&A session,
where students are encouraged to raise questions related to the speech. The
lecture is open to the whole HKUST community, and students from all schools
and majors are welcome to participate in this meaningful and interesting
talk.

* For those who are interested in this event, please
click on the link below and fill out the registration form.*

http://ihome.ust.hk/~su_munc/cgi-bin/munc/register.php

Thank you very much for your attention. We are looking
forward to seeing you on Feb. 29th night!

Best Regards,

Model United Nations Club, HKUSTSU
Session 2011-2012
Email: su_munc@ust.hk