|When:||Mon, Sep 19th 2011 12:00 pm to 1:30 pm|
|Where:||New World Hotel Saigon, Ho Chi Minh City|
Effective decision making requires an understanding of the incentives of economic growth and the interaction of growth and trade over time. The effective combination of labor (population growth and quality and quantity), capital, technology, and entrepreneurship—the factors of production—produce what kings wanted in the sixteenth century and what consumers desire today, while creating growth and raising the standard of living for society. Entrepreneurs earn their profits by meeting those needs. Differences in the standard of living within and among countries reflect the ability of the entrepreneurs to combine these factors. Public policy can play an important role in assisting with this process, although, all too often, policy makers exploit growth and trade for short-run political interests rather than long-run economic gains. Often overlooked by policy makers is the set of incentives needed to ensure the delivery of these inputs to improving the standard of living.
We will review these elements of decision making and growth and apply them to the outlook for the U.S. economy and its implications for Asian economies.
|12:00p||Registration of participants|
|12:30p||Lunch is served|
|1:00p||Economic Dynamism: Growth and Overcoming the Limits of Geography by John E. Silvia|
US$ 30/Member US$ 40/Non-Member or Walk-in
About the Speaker
John Silvia is a managing director and the chief economist for Wells Fargo. Based in Charlotte, N.C., he has held his position since he joined Wachovia in 2002 as the company’s chief economist.
Prior to his current position, John worked on Capitol Hill as senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee. Before that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc. John was recognized in 2010 for the Best Inflation Forecast, the Best Overall Forecast and the Best Personal Consumption Expenditures Forecast by The Federal Reserve Bank of Chicago. In 2009, John was named one of the Top 10 forecasters for the last four years by Bloomberg News and the No. 2 forecaster by USA Today for 2008.
John holds B.A. and Ph.D. degrees in economics from Northeastern University in Boston and has a master’s degree in economics from Brown University.
John serves as a member of the Blue Chip Panel of Economic Forecasters and also serves on an informal advisory group for the Federal Reserve Bank of Philadelphia. He serves as chair for the Economic Advisory Committee of both the Securities Industry and Financial Markets Association (SIFMA) Economic Advisory Roundtable and the American Bankers Association.
John was a director of the National Association of Business Economics (NABE) and was former president of the Charlotte Economics Club. He has also served on economic advisory committees to the Federal Reserve Bank of Cleveland, the Federal Reserve Bank of Chicago, and the Public Securities Association.
A strong supporter of education and civic affairs, John serves as a member of the Business Advisory Council at the Walker College of Business at Appalachian State University in Boone, N.C., and on the President’s Council for Charlotte’s Central Piedmont Community College. He has previously served as a board member of the British American Business Council of North Carolina and served on the Economic Development Board for the State of North Carolina, a special appointment by the Governor. He also served on the Business Advisory Committee for the City of Charlotte.