Paul M. Romer lectures in ECNU.
Paul M. Romer, a world famous economist and a professor at the Stern School of Business at New York University, was appointed honorary professor by ECNU and gave a lecture at the Great China Forum on Oct. 29 afternoon.
On behalf of the University, President Chen Qun awarded the appointment certificate of honorary professorship to Romer and sent him a souvenir of the University. Chen expressed his happiness to see the arrival of Prof. Romer to ECNU because that realized his dream of having top scholars of New York University stand on the platform of ECNU and lecture for ECNUers.
Chen Qun sends a souvenir of ECNU to Romer.
As urbanization and economic development are very important for China, and the development of Shanghai and China coincides with Romer’s theory of urbanization, Chen hoped Prof. Romer could provide more direction and suggestion to relevant researches in China with his theories and academic contributions.
After the appointment ceremony, Romer made a special lecture titled “Chances in Urbanization” at the Great China Forum, a series forum in the university, which invites prestigious experts and scholars in various fields to give high level lectures for ECNUers. The Honorary program at ECNU has been developed for years so that its students and faculty would be able to benefit from expert advice and close interaction with renowned scholars from other institutions.
Paul Michael Romer (born November 7, 1955) is a world famous economist, one of the most powerful candidates for next Nobel Prize in Economics, and one of Time’s the 25 most influential people in U.S. of the year 1997. He is currently professor of economics at the Stern School of Business at New York University. Prior to that, Romer was a senior fellow at Stanford University's Center for International Development, the Stanford Institute for Economic Policy Research, and the Hoover Institution, and a fellow at the Center for Global Development.
Romer's lecture attracts lots of audiences.
Romer is a pioneer of endogenous growth theory. Romer's articles published in 1986 and 1990 amounted to constructing mathematical representations of economies in which technological change is the result of the intentional actions of people, such as research and development. This started endogenous growth theory.
Romer’s latest contribution has been in trying to replicate the success of charter cities and make it an engine of economic growth in developing countries. He has argued that with better rules and institutions, undeveloped nations can be set on a different and better trajectory for growth. In his model, a host country would turn responsibility for a charter city over to a more developed trustee nation, which would allow for new rules of governance to emerge. People could "vote with their feet" for or against these rules.
Written by: Liu Jinyu