Q&A: The Architecture of Asia - INET Panel (7 of 7)

The panel discussion covers economic policies in India and China, emphasizing the need for market forces and avoiding past policy mistakes. Audience questions highlight the shift of global savings to Asia and its implications. The entrepreneurial spirit in rural China is discussed, focusing on local market strategies. The panel analyzes currency value and crony capitalism, noting the resistance to change in China. Policy implications and economic strategies are debated, with a focus on service sector development and employment. The session concludes with a call for global coordination and improved governance structures.

What is the significance of the entrepreneurial spirit in rural areas of China?

How does the panel view the future of economic policy in China regarding its domestic market?

In what ways does the discussion highlight the relationship between inflation and currency appreciation in China?

What are the implications of high savings rates in Asia for global economic dynamics?