Free and open to the public
The Stanford University Libraries is pleased to present the fifth Dr. Sam-Chung Hsieh Memorial Lecture.
Dr. Lant Pritchett on "The Varieties of the 'deals capitalism' Experience: Past and Future of Asian Growth"
Economic prosperity has come to be associated with good institutions--open markets, electoral democracy, capable bureaucracies. However, it is hard to take that narrative to East Asia where either historically (e.g. Korea in the 1960s) and today (e.g. China, Vietnam) the successful episodes hardly fit the model of open markets supported by "rule of law." Pritchett emphasizes the notion of "deals capitalism" in which proprietor rights grounded in person and organization specific deals dominate neutrally enforced rules of property rights.
Refreshments will be served. Seating is limited. Please respond to Sonia Lee if you would like to attend email, 650-736-9538.
Dr. Lant Pritchett is a senior fellow at the Center for Global Development and professor of the practice of international development at Harvard's Kennedy School of Government, where he taught from 2000 to 2004 and from 2007 onward. Before rejoining the Kennedy School in 2007, he was lead socio-economist in the social development group of the South Asia region of the World Bank. He occupied various other positions at the World Bank during his tenure there, beginning in 1988. Pritchett was a team member on a number of prominent World Bank publications including Economic Growth in the 1990s: Learning from a Decade of Reforms (2005); Making Services Work for Poor People (World Development Report 2004); Assessing Aid: What Works, What Doesn't and Why (with David Dollar, 1998); and Infrastructure for Development (World Development Report 1994). He has published two books with Center for Global Development, Let Their People Come (2006) and The Rebirth of Education (2013). Pritchett has published over a hundred articles and papers (with more than 25 co-authors) on a wide range of topics, including state capability, labor mobility, and education, among many others. Originally from Idaho, Pritchett is the father of three children and now lives in an empty nest with his wife of 31 years.
The family of Dr. Sam-Chung Hsieh donated his personal archive to the Stanford Libraries' Special Collections and endowed the Dr. Sam-Chung Hsieh Memorial Lecture series to honor his legacy and to inspire future generations. Dr. Sam-Chung Hsieh (1919-2004) was former Governor of the Central Bank in Taiwan. During his tenure, he was responsible for the world's largest foreign exchange reserves, and was widely recognized for achieving stability and economic growth. In his long and distinguished career as economist and development specialist, he held key positions in multilateral institutions including the Asian Development Bank, where as founding Director, he was instrumental in advancing the green revolution and in the transformation of rural Asia. He earned an international reputation for his diplomacy and leadership in building infrastructure and improving living standards for people throughout Asia. As Secretary-General of the Joint Commission on Rural Reconstruction in Taiwan and later as Chairman of Taiwan's National Development Bank, he led efforts which sparked the "Taiwan Miracle." He also served as Chairman of Chung-Hua Institution for Economic Research, Taiwan's premier research institution, and as Chairman of ChinaTrust Bank, and the Industrial Bank of Taiwan. He was professor at National Taiwan University and visiting professor at the Cornell University-University of the Philippines joint programs.