During SAIF·CAFR Lecture on August 30th, 2017 at Shanghai Jiao Tong University Shanghai Advanced Institute of Finance (SAIF), Prof. Ian Goldin, Professor at Oxford Martin School and former Vice President of World Bank, served as the keynote speaker on the topic of “Risks and Opportunities in the Age of Neo-Renaissance”.
Based on his latest bestseller Age of Discovery：Navigating the Risks and Rewards of Our New Renaissance, Prof. Goldin worked with Dr. Chris Kutarna, PhD of Political Science, co-author and Research Fellow at Oxford Martin School, and reviewed the risks and opportunities in the context of globalization in terms of geopolitics, technology and information media.
In his lecture, Prof. Goldin claimed that China was expected to retain a growth rate of 6% or above over the next decade and would soon become the largest economy in the world. In the future, 80% of economic growth will derive from developing economies and emerging markets will act as the driving force behind worldwide economic changes, as they play an increasingly important role in the world economy.
Prof. Goldin also pointed out that economic changes would gradually eliminate trading and financial barriers. Internet facilitates the spread of thoughts across the world and triggers radical changes in the era. However, as the connections between people grow closer and more complicated, there also comes contagious crises, similar to the case in the age of Renaissance in the 14th to 17th centuries. He sharply noted that the global governance system today wasn’t tailored for the 21st century.
