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Zhu Min (economist)
Zhu Min (; born 1952) is a Chinese economist and is deputy managing director of the International Monetary Fund. He was the inaugural special advisor to the managing director. Zhu has held senior positions at the Bank of China from 2003 to 2009 and was a deputy governor of the People's Bank of China from 2009 to 2010. He has published extensively on a wide range of macroeconomic management, financial regulation and supervision, and financial market issues. He is a guest lecturer at several university graduate schools, and a frequent speaker at major global economic forums. Education Zhu Min was born in Shanghai, China, in 1952. He graduated from Fudan University with a bachelor's degree in economics in 1982, and gained a master's degree in M.P.A. from the Woodrow Wilson School of Public and International Affairs at Princeton University and a Ph.D. in economics and an M.A. in economics from Johns Hopkins University. Career Zhu worked at the World Bank as an economist for si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Economic Forum
The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss global issues across 500 sessions. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Control
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization. It is a means by which an organization's resources are directed, monitored, and measured. It plays an important role in detecting and preventing fraud and protecting the organization's resources, both physical (e.g., machinery and property) and intangible (e.g., reputation or intellectual property such as trademarks). At the organizational level, internal control objectives relate to the reliability of financial reporting, timely feedback on the achievement of operational or strategic goals, and compliance with laws and regulations. At the specific transaction level, internal controls refers to the actions taken to achieve a specific objective (e.g., ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Finance 40 Forum
The China Finance 40 Forum or CF40 is a Chinese think tank created in 2008 which specializes on issues of economic and financial policy. In January 2021, the University of Pennsylvania's Think Tanks and Civil Societies Program ranked CF40 as #8 top think tank in China, and #31 among think tanks in China, India, Japan and the Republic of Korea. History and development CF40 was created on 12 April 2008 as a club of 40 finance experts under 40 years of age, thus its name. It was founded and developed by Wang Haiming, previously a journalist and chief editor at 21st Century Business Herald. Chen Yuan is its founding chairman. Based in Beijing, CF40 has also created the Shanghai Finance Institute (SFI) in Shanghai and the Northern Finance Institute (NFI) in Tianjin, in 2011 and 2016 respectively. Wang Haiming is Executive President of both institutes. Both are located in buildings with connections to China's financial history: SFI in the former Shanghai branch of Yien Yieh Commer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Community
The international community is an imprecise phrase used in geopolitics and international relations to refer to a broad group of people and governments of the world. As a rhetorical term Aside from its use as a general descriptor, the term is typically used to imply the existence of a common point of view towards such matters as specific issues of human rights. It is sometimes used in calling for action to be taken against an enemy, e.g., action against perceived political repression in a target country. The term is also commonly used to imply legitimacy and consensus for a point of view on a disputed issue, e.g., to enhance the credibility of a majority vote in the United Nations General Assembly. Criticism Several prominent legal figures and authors have argued that the term is more often used to describe a small minority of states, and not literally all nations or states in the world. According to International Criminal Court jurist Victor P. Tsilonis, it refers to "the inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Financial Crisis
Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno J. Global, a character in the anime series ''The Super Dimension Fortress Macross'' Companies and brands Television * Global Television Network, in Canada ** Global BC, on-air brand of CHAN-TV, a television station in Vancouver, British Columbia, Canada ** Global Okanagan, on-air brand of CHBC-TV, a television station in Kelowna, British Columbia, Canada ** Global Toronto, a television station in Toronto ** Global Edmonton ** Global Calgary ** Global Montreal ** Global Maritimes ** Canwest Global, former parent company of Global Television Network * Global TV (Venezuela), a regional channel in Venezuela Other industries * Global (cutlery), a Japanese brand * Global Aviation Holdings, the parent company of World Airways, Inc., and North ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Economist
Chief economist is a single-position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the planning, supervision, and coordination of the economic research. Synopsis Chief economists work primarily in banks and government institutions. By the 2010s, the chief economist position was established at large internet companies such as Google and Microsoft. Further, a trend began in data and financial services companies to utilize chief economists in customer- and media-facing roles to help in placing data in a larger economic context. Government positions In the European Union (EU), the post of Chief Economist (''aka'' Chief Competition Economist) was created in 2003 as part of the European Commission, reporting to the Director General for Competition. This role is primarily focused on advising around th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Justin Yifu Lin
Justin Yifu Lin (; born on October 15, 1952) is a Chinese economist and professor of economics at Peking University. He served as the Chief Economist and Senior Vice President of the World Bank from 2008 to 2012. He has been appointed as China State Council Counsellor since September 2013. As a ground force captain and company commander on Kinmen Islands, Lin swam across a channel and sought refuge in Xiamen, Mainland China in May 1979. Lin turned into an economist after pursuing graduate studies in economics at Peking University and the University of Chicago, where he respectively received a master of economics in 1982 and a PhD degree in 1986. His doctoral advisor at the University of Chicago was Nobel laureate economist Theodore Schultz. After completing his postdoctoral studies at Yale University, he returned to Beijing and became a professor of economics at Peking University in 1987. He founded the China Center for Economic Research (currently the Peking University Nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The World Bank
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Financial Institution
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. Types Multilateral Development Banks A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advice to enhance development. An MDB has many members, including developed donor countries and developing borrower c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainable Growth
Sustainable development is an organizing principle for meeting human development goals while also sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The desired result is a state of society where living conditions and resources are used to continue to meet human needs without undermining the integrity and stability of the natural system. Sustainable development was defined in the 1987 Brundtland Report as "Development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs".United Nations General Assembly (1987''Report of the World Commission on Environment and Development: Our Common Future'' Transmitted to the General Assembly as an Annex to document A/42/427 – Development and International Co-operation: Environment. As the concept of sustainable development developed, it has shifted its focus more towards the economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emerging Economies
An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term " frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to ''The Economist'', many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. The 10 largest emerging and developing economies by either nominal or PPP-adjusted GDP are 4 of the 5 BRICS countries (Brazil, Russia, India and China) along with Indonesia, Iran, South Korea, Mexico, Saudi Arabia, Taiwan and Turkey. When countries "graduate" from their emerging status, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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