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Videoconference

Title

[Videoconference] Internet finance
(Reform and development)

Type Videoconference
Venue KDI School, Seoul, Republic of Korea Date 2014-11-14 ~ 2014-11-14
Host KDI School of Public Policy and Management Organizer

*This event will be provided in English.

Distance Learning Seminar Series
The New Engine of Global Economy: the Internet Economy
Seminar 2: Internet finance: reform and development
• Background
There’s no need to further demonstrate the fact that the Internet has the power to shape the world. On the one hand, it has penetrated into almost every field of global economy and social lives and serves as a basic element in spurring social and economic development; on the other hand, it carries on the integration with traditional industries and thus, brings about new sources of economic growth. The Internet is driving the constant reforms in the economic system, industrial structure, and economic and social development worldwide. It’s the prerequisite in gaining an advantageous status in global competition and innovation in the future. It’s estimated by McKinsey that in 2025, the Internet technology along with other new technologies will bring about new economic growth and exert far-reaching influence on the world economy, contributing to 0.5 to 0.7 percent growth in global economic development trend value and 1 percent decrease in the inflation rate worldwide. Besides, enterprises’ operation has been influenced a lot by the Internet economy—business operators have to relieve themselves from the traditional ways of doing business, upgrade their mindset, seize the opportunities and face the challenges brought by the new business model and emerging service industry. In the wake of the financial crisis, China and other developing countries in the Asia-Pacific region are in urgent need of carrying out economic transformation and upgrading. The Internet is playing an increasingly important role in this regard. As the propeller of the new economic development, the Internet has created a brand-new model for economic development, generates tremendous economic and social benefits, and poses an overwhelming influence on the traditional economic model. It’s safe to say that the Internet has become the driving force for the development of emerging economies in the Asia-Pacific region and the whole world. How can we digest the huge changes in the Internet-influenced global economy? What can the developing countries do to cope with opportunities and challenges in the Internet economy era? What kind of reforms should the business operators adopt to upgrade their business model?

• Objective

In order to summarize and share experience on “Internet Economy”, AFDC plans to launch a series of VC seminars in 2014 in collaboration with the World Bank and other GDLN affiliates to cope with opportunities and challenges in the Internet economy era.

• Order of Program 
 
Time Program Speaker
14:00-14:10
(Beijing time)
AFDC & WB & GDLN-AP Centers
Welcome remarks
Overview of the program
Invite each GDLN-AP center to give a brief introduction
Dr. Ji Rui (Moderator)
Session 1: The framework and global perspective
14:10-14:40 World Bank session  
14:40-14:55 Q&A
Participants exchange ideas with the speakers
 
Session 2: China's experience
14:55-15:25 China session  
15:25-15:40 Q&A
Participants exchange ideas with the speakers
 
Session 3: Korea's experience
15:40-16:10 Korea session  
16:10-16:25 Q&A
Participants exchange ideas with the speakers
 
Wrapping-up and closing
16:25-16:30 Summarize and close the session
Thank participants for attendance
Dr. Ji Rui (Moderator)
□ Date: Novebmer 14, 2014
□ Venue: KDI School of Public Policy and Management