Today’s Recent Developments in Chinese Financial Markets Session With Professor Ramezani
January 18th, 2007
Great sessions today with Professor Ramezani! When you see him on campus or in town, be sure to thank him for his time.
I think it was clear from our session with him that you need to do some more knowledge building on issues related to finance and economics. You are currently taking finance with Professor Anderson and it’s early in the quarter and you will learn much. You will take Macro Econ in the spring with Professor Marlow and much of what Professor Ramezanni discussed today also relates to that course. Continue to work hard and do your best work.
Let’s for now focus on the question he posed to you at the end of his talk — what opportunities might arise for you in the next ten years that relate to what you want to do with your professional lives and goals? What trends do you see that in 5 or 10 years may impact you professionally, even if you continue to live and work in California?
Nobody will hold you to any predictions … give this some thought, put yourself out there, and discuss as a comment to this post. See also the new posts below from your classmates.
Entry Filed under: Pre-Departure, China, Misc.
3 Comments Add your own
1. Bonnie Morse | January 19th, 2007 at 10:10 am
I think China will become increasingly developed and services that provide a better quality of life will abound. While this is a somewhat obvious projection, we need to be aware that China will not always be a source of “cheap labor.” As China grows and living standards rise, opportunities will be found in catering to these higher living standards and eliminating barriers to growth. For instance, consulting and financial planning services have large job markets in the United States. But who is to stay that there won’t be a Chinese business in 10 years looking for a consultant to improve its information systems? Who is to say there won’t be a Chinese population that needs advice in planning for retirement? China will also need consultants and engineers to solve their environmental and infrastructure problems. Part II of the PBS special “China from the Inside” discussed building a water system that will transfer water from the wet South to the dry North. This project will take 50 years and require coordination and engineering expertise. America could be the country to provide this knowledge and other consulting services as China continues to grow.
2. Erik | January 22nd, 2007 at 9:04 am
While listening to Dr. Ramezani speak about the parallels between Japan of 30 years ago and China of today and how Japan has risen above manufacture of the cheap products and is now manufacturing high-end goods, I remembered a post a saw awhile back (http://gizmodo.com/gadgets/feature/low-end-theory-the-next-china-214384.php . This short article talks about how the author’s wife has noticed that lingerie production is being shifted away from China and into places such as Bangladesh and Cambodia. This is no doubt due to the fact that China’s workers are becoming more skilled and more sophisticated just like Japan’s workforce did 30 years ago.
Thinking about the natural cycles and evolution that nations go through, I wonder when the USA is going to suffer some real hardship, or are we a society that has figured out how to break that cycle and remain a significant force in the world forever? Of course I hope we have figured it out (or will figure it out), and I think learning of other cultures (past and present) is an excellent starting point.
3. Chris Carr | January 23rd, 2007 at 10:56 am
Interesting article. Thanks for sharing.
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