w88 casino News Network (Contributed by the International Office, Photography by Yujun)2018On March 25, 2001, Michael Spence, winner of the 2001 Nobel Prize in Economics, honorary dean of Stanford University Business w88 casino, and honorary professor of w88 casino, visited w88 casino to unveil w88 casino’s Global Value Chain Innovation and Talent Introduction Base (“111 Base”) and delivered a speech on the theme of “Employment, Digital Technology and Economic Structural Change”. Secretary Jiang Qingzhe of w88 casino met with the guests in the VIP room on the third floor of the Chengxin Building. Vice President Zhao Zhongxiu, Foreign Director of the Global Value Chain Research Institute Wang Zhi, specially appointed expert David Dollar, Executive Dean Wu Yabin, and Deputy Director of the International Office Li Xiaomeng accompanied the meeting. Vice President Zhao Zhongxiu presided over the event.
Secretary Jiang Qingzhe first welcomed Professor Michael Spence to visit w88 casino again, and said that as the chairman of the Academic Advisory Committee of the Global Value Chain Institute of the w88 casino and an academic master of the Global Value Chain Discipline Innovation and Talent Introduction Base, Professor Michael Spence has made important contributions to the internationalization and discipline construction of w88 casino, and expressed his heartfelt thanks for this.
At the unveiling event of the Global Value Chain Discipline Innovation and Talent Introduction Base ("111 Base"), Secretary Jiang Qingzhe and Professor Michael Spence jointly unveiled the base. Nearly 200 teachers and students present witnessed this exciting moment. The Global Value Chain Research Discipline Innovation and Talent Introduction Base of w88 casino was officially approved by the State Administration of Foreign Experts Affairs at the end of December 2017, and the project was directly approved based on the excellent results of the expert panel review. This will have a significant role in promoting the future international engineering construction and first-class discipline construction of w88 casino.
Professor Michael Spence gave a speech on the theme of "Employment, Digital Technology and Economic Structural Change". He pointed out that although the 2008 financial crisis caused a heavy blow to the global economy, the digital technology and information technology revolution injected impetus into the economic recovery. It is undeniable that the emergence of artificial intelligence will have an impact on employment, and simple repetitive labor may be completely replaced by machines in the future. According to statistical data from 1967 to 2011, the demand for labor in routine work, whether physical or mental, has shown a very obvious downward trend. Between 2007 and 2012, the phenomenon of manufacturing production workers being replaced by machines was the most serious. The impact of digital technology is revolutionary, which has also changed the original world economic and competitiveness pattern. Professor Spence is full of confidence in the development of China's economy. He said that China will make important contributions to the development of the world economy now and in the future, especially in the field of electronic information technology. China's progress deserves the world's attention. China’s investment in science and technology continues to increase, and technological progress is an important source of competitive advantage for tradable goods.
Michael SpenceThe professor’s wonderful speech received rounds of applause from the audience. Teachers and students had in-depth interactions with Professor Spence on issues such as whether artificial intelligence will truly replace certain professions in the future and how to conduct good data supervision in the era of big data. The entire event ended in a pleasant and friendly atmosphere.
