A donor's recent gift to the College will be used to establish a new faculty position in the Economics Department that will focus on China's economy and its emerging role in the world's markets. The economic transformation of the world's most populous nation has spawned an intriguing dichotomy. The success of the global economy as well as their own inefficiency problems seems to have convinced the Chinese to give up some old failed dreams and ideologies and to seek development and prosperity through economic modernization.
China offers some insights about how major economies evolve into modern post-industrial systems.
It's a huge economy with a huge group of consumers. Asia appears to be a critical focus of economic dynamics in the world today, and China is a rapidly expanding player in that development. Also, the U.S. is part of an economic continuum with China. Our two economies are closely linked by trade and investment. The new faculty position has been endowed by an anonymous donor.