The 11th NSE International Development Forum
EBRD Transition Report 2016-17: Transition for all
Time： 9:30-11:30, Mar. 21(Tue.), 2017
Venue：Conference Room #2, Overseas Exchange Center of Peking University
Organized by: Center for New Structural Economics at Peking University (CNSE)
Institute of South-South Cooperation and Development at Peking University (ISSCD)
Moderator: Jiajun XU（Assistant Professor, Executive Deputy Director, CNSE, Peking University）
Speaker： Sergei Guriev（Chief Economist, the European Bank for Reconstruction and Development (EBRD)）
Commentator：Justin Yifu Lin（Professor, Director of the CNSE, Dean of the ISSCD and Honorary Dean, National School of Development at Peking University）
9:30-9:35 Opening remarks by the moderator
9:35-10:55 Lecture by the speaker
10:55-11:10 Comments by the commentator
“Transition for all: Equal opportunities in an unequal world” focuses on inequality and inclusion in emerging Europe, Central Asia, North Africa and Jordan. The analysis draws mainly on the results of the third round of the Life in Transition Survey (LiTS III), a household survey conducted by the EBRD and the World Bank in 34 countries during the first months of 2016.
The Report shows that transition from planned to market economies has been far from smooth, especially in its early years. The social, economic and physical costs of reforms have been so substantial that women and men born at the start of transition are nowadays 1 centimetre shorter than those born before or after! No wonder then that until very recently most people in the transition region had been less happy than people with similar income levels elsewhere. But this is no longer the case: in 2016 people in the formerly socialist countries are as satisfied with their lives as their counterparts in other parts of the world.
The EBRD region has not only caught up with richer countries in terms of happiness but also closed part of the income gap. Yet, not everybody has benefited equally. Only 44 per cent of all men and women in post-communist countries have enjoyed total income growth that is higher than the average income growth in the G7 economies.
The report also discusses ways to help distribute the benefits of growth more equally and provides a unique snapshot of inequality of opportunity in each country.
As the EBRD’s Chief Economist, Sergei Guriev is responsible for advising the President and other senior members of the Bank’s management team on economic issues of strategic or operational relevance pertaining to the EBRD region.
Sergei Guriev received his Dr. Sc. (habilitation degree) in Economics (2002) and PhD in Applied Math from the Russian Academy of Science (1994), and M.Sc. Summa Cum Laude from the Moscow Institute of Physics in Technology (1993). In 1997-98, Dr. Guriev visited the Department of Economics at M.I.T. for a one-year post-doctoral placement, and in 2003-2004, the Department of Economics at Princeton University as a Visiting Assistant Professor. In 2004-13, Dr. Guriev was a tenured professor of economics and rector of the New Economic School in Moscow. In 2013, he was appointed a tenured professor of economics at Sciences Po, Paris.
Dr. Guriev’s research interests include contract theory, corporate governance, political economics and labour mobility. Dr. Guriev has published in international refereed journals including American Economic Review, Review of Economic Studies, Journal of European Economic Association, Journal of Economic Perspectives and American Political Science Review.
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The New Structural Economics & International Development Forum
The New Structural Economics & International Development Forum was initiated in March 2016 and is organized by the Center for New Structural Economics (CNSE) at Peking University. The Center aspires to advance the frontier research on structural change and help developing countries to promote economic structural transformation. The Forum aims to bridge the gap between research and practice by hosting high-profile, open and equal conversations among scholars, professionals, policy makers and entrepreneurs in the field of international development.