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Dr. Ganeshan Wignaraja, Chair of the Global Economy Programme at LKI, delivered a lecture on “A Recovering Global Economy? The Dynamics of China and India in the Future of Global Growth” at LKI on 31 October 2017.
Dr. Wignaraja highlighted that China and India have adopted various economic reforms, grown incredibly fast and dominated the world economy. Nonetheless, their controlled liberalisation experiences underline a strong role for the state alongside the private sector in economic development. He also noted that China’s growth is moderating and likely to have a soft landing. India is also likely to overtake China in terms of the pace of future growth. However, he emphasised that many risks lie ahead including political uncertainty, protectionism, tighter global financial conditions and weak productivity growth.
The lecture was followed by a panel discussion featuring Hon. Dr. Harsha de Silva, Deputy Minister of National Policies and Economic Affairs; Dr. Sarala Fernando, Former Ambassador of Sri Lanka; and Mr. James Crabtree, Visiting Senior Research Fellow at the National University of Singapore and Contributing Editor to the Financial Times. The discussion was moderated by Dr. Indrajit Coomaraswamy, Governor of Central Bank of Sri Lanka.
The high-profile event drew a diverse group of participants, including policymakers, scholars from universities and think tanks, media, representatives from the private sector and civil society and students. Participants had the opportunity to ask questions, and engage in a broader discussion.
Watch the lecture
Resources from the lecture
- Read the key Takeaways from the lecture here.
Photos: Fluke, by Ruvin de Silva