Global Economic Outlook 2023

  • Date: February 21, 2023 9:00 am
  • Location: Webinar
  • Organized by: CKGSB, Asian Leadership Conference
  • Language: English (with Korean simultaneous translation)

About this event

Date: February 21, 2023
Time: 09:00-10:00 China Standard Time, 10:00-11:00 Korea Standard Time
Format: Online Webinar

As global growth is expected to slow in 2023 due to higher inflation, interest rates hikes, reduced investments and geopolitical turmoil, China’s recovery from the pandemic could be an important booster towards global economic growth. However, one factor that could affect this recovery is the intensifying tensions between the U.S. and China. The U.S. is reshaping the global supply chain through new regulations restricting China’s access to advanced technologies while China has announced it will double down on its determination to becoming a leading technological power. In this webinar, we will discuss the key themes that will characterize China and U.S. economic developments and policy in 2023, as well as their impact on the global economy.

  • • What can we expect from the U.S. and China’s technology policy this year and how will it affect the global economy?
  • • What will China’s rapid reopening mean for the global economy? Will China’s pent-up consumer and investment activity be enough to support global growth or will China’s rebound keep energy prices elevated and inflationary pressures high?
  • • How will a global recession impact China’s recovery and its own domestic problems?
  • • Which industries are expected to win or lose in the coming year?


Michael Hart

President, AmCham China

Michael Hart is President of the American Chamber of Commerce in China based in Beijing. He has over twenty-five years of business experience in Asia, including nineteen years in mainland China.

As President, Michael oversees all advocacy, programs, partnerships, and insights provided by the Chamber to support the business growth of nearly 900 foreign corporations operating in China, including most of the U.S. Fortune 500. The chamber’s advocacy includes the impressive American Business in China White Paper and Business Climate Survey each published annually as well as numerous interactions with both the US and Chinese governments on behalf of our

Prior to joining AmCham China, Michael spent most of his career in commercial real estate in Taipei, Shanghai and Tianjin including almost 20 years for a NYSE listed property services firm. He started in the research division briefing real estate owners, occupiers and investors on transactions and macro trends, he then opened, built, and led a branch office for the company in one of China’s largest Tier 1.5 cities for over a decade. Following this, Michael opened a private consulting and investment firm that among other projects invested in quick service restaurants.

In addition to this work, Michael was a long-term AmCham member and served on the Tianjin chapter’s Executive Committee for nearly 15 years including several terms as the local Chairman.

Michael holds a Bachelor’s degree in Business Administration with a focus on finance and banking from the University of Missouri-Columbia in the U.S. He is a fluent speaker of mandarin Chinese. Michael was born and raised near Kansas City, Missouri.

LI Wei

Professor of Economics, Associate Dean for Asia and Oceania, Director of Case Center and Director of China Economy and Sustainable Development Center, Cheung Kong Graduate School of Business (CKGSB)

PhD, University of Michigan

Phone: +86 10 8518 8858 ext. 3235

Professor of Economics, Associate Dean for Asia and Oceania, Director of Case Center and Director of China Economy and Sustainable Development Center, Cheung Kong Graduate School of Business (CKGSB)

PhD, University of Michigan

Areas of Expertise: Corruption, Financial Markets, Macroeconomics, Managerial Incentives and Market Competition, Real Estate, Reform, Taxation, Telecommunications Privatization, Valuation in Emerging Markets

Dr. Li is Professor of Economics, Associate Dean for Asia and Oceania, Director of Case Center, and Director of China Economy and Sustainable Development Center at the Cheung Kong Graduate School of Business (CKGSB). Before joining CKGSB, Dr. Li was Professor of Business Administration (with tenure) at the Darden Graduate School of Business Administration, University of Virginia, where he has served on the faculty since 2000. Since 2005, Dr. Li has also served as visiting Professor of Economics on the faculty of Cheung Kong Graduate School of Business. Before joining Darden faculty, Dr. Li was assistant professor and then associate professor of business administration at Duke University’s Fuqua School of Business from 1994 to 2000. He was also a visiting professor of strategy at Peking University’s Guanghua School of Management in 2004. He received his Ph.D. in economics from the University of Michigan and his B.Eng. from Shanghai Jiaotong University (China).

An authority on Chinese economy and business, Dr. Li’s main research focus is on economic development, taxation, financial markets, corruption, corporate governance, corporate research and development, entrepreneurship, trade and investment in China. His work has been published in prominent academic journals and books, and some of his research results have also been featured in Foreign Affairs, New York Times, Los Angeles Times, and on CNNfn (CNN Money) and Bloomberg TV. Professor Li has extensive consulting experience with multinational firms, Chinese firms, and the World Bank.

Dr. Li has taught Macroeconomics, Global Economies and Markets, Managerial Economics, and Emerging Markets Finance in MBA, Finance MBA, EMBA, and Global EMBA, and Executive Education programs.

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Sung Taeyoon

Professor of Economics, Yonsei University

Professor of economics at Yonsei University
graduated Yonsei University in economics
Ph. D in economics from Harvard University
Researcher at the Korea Development Institute (KDI) financial and economic team and a professor at the Korea Advanced Institute of Science and Technology (KAIST).

He has served as a director of major academic societies such as the Korean Economic Association, the Korean Financial Association, the Korean Financial Association, and the Korean International Financial Association.

Mark Tokola

Vice President of the Korea Economic Institute of America in Washington, DC

Mark Tokola is Vice President of the Korea Economic Institute of America in Washington, DC. He retired as a U.S. Senior Foreign Service Officer with the rank of Minister-Counselor in September 2014. His last posting was as Minister Counselor for Political Affairs at US Embassy London. Previously he had served as Deputy Chief of Mission at the American Embassies in Seoul, Republic of Korea; Ulaanbaatar, Mongolia; and, Reykjavik, Iceland. Among his other postings were two tours at the US Mission to the European Union in Brussels, Minister-Counselor for Economic Affairs at Embassy London, and Economic Counselor at US Embassy The Hague. He also served as Director of the Iraq Transition Assistance Office (ITAO) in Baghdad from 2007-2008. Mr Tokola received the State Department’s Superior Honor Award for his work on implementing the Dayton Peace Accords while serving as Political Counselor in Sarajevo, Bosnia-Herzegovina from 1997-1999. He holds a BA in International Relations from Pomona College in Claremont, California, and an LL.M. in European Community Law from the University of Edinburgh, Scotland. Mr. Tokola serves on the Board of Governors of DACOR: An Organization of Foreign Affairs Professionals, and on the Board of Trustees of the Bacon House Foundation.

Mr. Tokola’s spouse is Dr. Nancy S. Tokola, a physician who graduated from Case Western Reserve University School of Medicine. She holds post-doctoral degrees from the Vrije Universiteit Brussel (Belgium) in Medical and Pharmaceutical Research and from the University of Groningen (Netherlands) in Humanitarian Action. She was the first American recipient of a European Union Marie Curie Fellowship. Mr. and Dr. Tokola have four children.

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