Political and Economic Institutions of China and Constitutionalism

Open to the Public
Nador u. 9, Monument Building
Popper room
Tuesday, June 3, 2014 - 5:30pm
Add to Calendar
Tuesday, June 3, 2014 - 5:30pm


The School of Public Policy at Central European University in cooperation with the Department of Economics, the Department of International Relations and European Studies and the Rector's Office cordially invite you to a public lecture

 Political and Economic Institutions of China and Constitutionalism


Professor Chenggang Xu
The University of Hongkong

 Introduction: János Kornai, Professor Emeritus, Corvinus University of Budapest, Allie S. Freed Professor of Economics Emeritus, Harvard University

 Moderator: Daniel Large, Assistant Professor, School of Public Policy, CEU

5:30 PM - 7:00 PM, Tuesday, June 3
Popper Room, CEU

The necessity of political institutional reforms, including establishing constitutional rules, for China’s stability and sustainability is a highly contested subject in China. In this talk Professor Chenggang Xu will address a key question: What are the major obstacles that have revented China from establishing constitutional rules in history and today? Moreover, he will also address challenging policy issues about what should be done and how should these be done to establish constitutional rules in today’s China. Professor Xu will argue that all socio-economic problems in China, e.g. the absence of rule of law, worsening corruption and inequality, low domestic demand, etc. are all rooted in China’s fundamental institution: Regionally Decentralized Authoritarianism (RDA). Thus, reforming the RDA regime is necessary. However, the RDA regime itself does not follow constitutional rules that the power of the government is unlimited and powers are not separated, although the administration and the economy are decentralized. This posts great challenges. Moreover, the RDA regime is a double edged sword that is also responsible for the success of the reform and the growth in the past 35 years.

Professor Chenggang Xu is Professor of Economics at University of Hong Kong. He is current President of the Asian Law and Economics Association (AsLEA), and is a co-editor for three international journals in economics. He obtained his PhD in economics from Harvard University in 1991 under the supervision of Janos Kornai and Eric Maskin (2007 Nobel Laureate). He has taught at London School of Economics for 18 years until 2009; and at Tsinghua University as Special-Term Professor for 6 years. He had visiting positions at HKUST, Harvard and IMF. His research interests are contract theory, corporate finance/governance, law and finance, financial regulation, development, institutions, and Chinese economy. He has publications in major journals, such as Journal of Political Economy, American Economic Review, Review of Economic Studies, European Economic Review, American Law and Economic Review, Economics Letters, Journal of Comparative Economics, and Economics of Transition. Professor Chenggang Xu has been invited to provide policy advises on Chinese reforms by the Chinese State Council, Peoples Bank of China, the CASS, the World Bank, the IMF, the UNDP, the EBRD, and the UK HM Treasury. He has served as consultants for the World Bank and the IMF.

Register to attend @ http://spp.ceu.hu/politicalandeconomicinstitutions