As a precursor to the LSE Asia Forum 2008, Professor Quah, part of the contingent of distinguished academics from LSE, whose work includes important contributions to the fields of Economic Growth, Income Inequality, Development Economics, Monetary Economics, Macro-Econometrics, and more recently the Weightless Economy, spoke on "The Technologically Driven Global Economy" at the SIIA House on April 9, 2008.
Prof. Quah started with a positive assessment of Asia’s progress since the 1997 financial crisis. He then proceeded to explain the shift in the global influence of Asia due to Asia’s emerging markets and the strength of India and China. Although he warned that the shifting global centre from the west to east would create international tensions and cause trade imbalances and inequality, he also pointed out that world well-being has improved from East Asian growth more than anything else in the past decade. Although there is suspicion from the West about growing East Asia economies, there is general optimism in the international arena.
Mr Collin Tseng–Liu, Council Member of the SIIA, chaired the session. Mr Tseng-Liu is the Head of Business Development of PricewaterhouseCoopers and the current President of the London School of Economics Alumni Association in Singapore.
Prof Danny Quah is the Professor of Economics and Head of Department at the London School of Economics and Political Science. He is also a Research Fellow at the Centre for Economic Policy Research in London and a Governor of the National Institute of Economic and Social Research.