Svejnar Visits Hong Kong for Institute Launch
In a recent interview with Radio Television Hong Kong, Professor Jan Svejnar looked at the unwinding of the Fed's quantitative easing program and suggested its effect on emerging markets would depend largely on the impact on and reactions of the U.S. and EU economies.
While these economies account for almost 50 percent of global GDP, Svejnar said, the dynamism of emerging markets like Hong Kong leaves the latter well placed to adjust in the future.
Svejnar, the James T. Shotwell Professor of Global Political Economy and director of Columbia SIPA’s Center on Global Economic Governance, had traveled to the Far East to give the keynote address at the May 27 launch of the Institute for Emerging Market Studies at Hong Kong's University of Science and Technology. His talk was entitled "Does Wealth Inequality Matter for Growth? The Effect of Billionaires."
While in Hong Kong, Svejnar hosted a gathering of 20 newly admitted students and SIPA alumni.