Orville Schell: China's Emerging Economic Model

Is 'Planning' Necessary to Grapple With the Large-Scale Problems Facing the World, Such as climate change? One of the World’s Top China Experts Talks About What We Can Learn From the Country’s New Economic Model and How it Could Impact the World

Orville Schell is one of the premiere Western scholars studying China right now, with decades of experience covering China. He has written more than 10 books on China, he speaks fluent Chinese, and has recently been appointed by the Asia Society as the Arthur Ross Director of the Center on US-China Relations in New York City.

At the Asia Society, Schell is currently working on “the China Boom Project,” which seeks to explore the multi-faceted and complicated question “why did China boom?”

Schell has said that while working on this project and another book that he’s currently writing, he’s had to reevaluate his long-term beliefs that the Chinese people are actively seeking for their nation to become more like Western democracies.

Instead, Schell is finding that the Chinese are currently developing their own economic and political theories directly from their highly-controlled, authoritarian society, rather than trying to model them on Western models.

INET is deeply interested in both China’s emerging economic models as well what the country’s breathtaking growth means for the world and the global financial system. In INET’s exclusive interview with Orville Schell, he discusses China’s emerging economic paradigm, the necessity of China and the West to work together to tackle global problems like climate change, and how the young generation of Chinese will change the future.

You can watch the whole interview in the main player above, or choose from one of the individual topics on sidebar to the right of the player. We hope you enjoy it – and feel free to spread it around.

You can also go to our Q&A Forum, where you can give your own answer to our related question:

What are the lessons, if any, of China for the Western decentralized market economies? Is 'planning' necessary to grapple with the large scale problems facing us, such as climate change?