"Preserving the Open Global Economic System: A Strategic Blueprint for China and the United States"

Arvind Subramanian, who is senior fellow jointly at the Peterson Institute for International Economics and the Center for Global Development, will discuss “Preserving the Open Global Economic System:  A Strategic Blueprint for China and the United States,” as part of the Wilson School’s “Emerging Markets and Economic Development” thematic lecture series.  A book sale and signing of Subramanian’s book, “Eclipse: Living in the Shadow of China's Economic Dominance (2011),” as well as a public reception will immediately follow the talk in Bernstein Gallery.

In the book, “Subramanian argues that China has already become the most economically dominant country in the world in terms of wealth, trade and finance. Its dominance and eclipsing of US global economic power is more imminent, more broad-based and larger in magnitude than anyone has anticipated. Subramanian compares the economic dominance of China with that of the two previous economic superpowers, the United States and the United Kingdom, and highlights similarities and differences. One corollary is that the fundamentals are strong for the Chinese currency to replace the dollar as the world's reserve currency. The final chapter forecasts how the international economic system is likely to evolve as a result of Chinese dominance.”

Subramanian is a former economist at the International Monetary Fund and is an expert on the economics of India, China, and the changing balance of global economic power. He has written and been published widely in academic and other journals on topics relating to growth, trade, development, institutions, aid, oil, India, Africa, and the World Trade Organization. In 2011, Foreign Policy magazine named him as one of the world's top 100 global thinkers.