Professor Justin Yifu Lin Being Guest Lecturer on "Outstanding Scholars in Management" of Business School
On the afternoon of November 3, the 53rd Outstanding Scholars in Management series of lectures of our school was successfully held in the International Conference Hall of the Business School, Sun Yat-sen University. Professor Justin Yifu Lin - renowned economist, dean of the Institute of New Structural Economics, dean of the Institute of South-South Cooperation and Development, honorary dean of the National School of Development of Peking University, gave a wonderful lecture on "Financial and Economic Development: New Structural Economics" to our faculty and students. The lecture was presided over by associate professor Zhang Yilin of our school, and Professor Li Shanmin - vice president of our university made a concluding speech. The lecture was packed, with three conference rooms broadcasting live simultaneously and more than 700 faculty and students attended the lecture.
In the lecture, Professor Justin Yifu Lin used state variables in engineering cybernetics as metaphor and vividly explained that the premise of the development of western mainstream economics is based on the economy, institution, politics, and social culture, etc. of developed countries, and in western mainstream economics, these socioeconomic variables are established and stable. Compared with developed countries, these socioeconomic variables differ among developing countries. Therefore, in the context of developing countries, the premise of supporting mainstream economics has changed, and mainstream economics may not be applicable in developing countries.
Professor Justin Yifu Lin giving a lecture
Professor Justin Yifu Lin's wonderful and vivid lecture won warm applause and led the faculty and students to new vision of new structural economics and new structural finance. Professor Justin Yifu Lin has high hopes for the future research development of new structural economics and new structural finance of the Business School, and hopes that the school will develop and make breakthrough in the research of new structural economics and finance which leads the world's academic thinking, to promote the world-class discipline construction of the Business School and the world-class university construction of Sun Yat-sen University.
