In an exclusive interview at the International Congress of Basic Science in Beijing this July, Economics Nobel Laureate Eric Maskin shared his insights on the remarkable economic transformation of the Chinese mainland. Awarded the Nobel Prize in 2007 for laying the foundations of mechanism design theory, Maskin emphasizes the critical role of China's opening up in achieving its stunning progress over the past four decades.
\"China's opening up has been critical to the country's stunning progress over the past 40 years,\" Maskin remarked. He highlighted how integrating into the global economy has spurred innovation and growth, positioning China as a major player on the world stage.
However, Maskin also expressed concern about the current global climate. He pointed out, \"There are forces that seem to drive the world apart,\" attributing this trend to the rise of trade barriers that, in his view, are counterproductive. Maskin argues that such barriers hinder collaboration and mutual growth, which are essential for addressing global challenges.
Despite these concerns, Maskin remains optimistic about the unifying power of science. \"Science can bring us all together,\" he noted, praising the beauty of simple yet powerful ideas that transcend cultural and national boundaries. By fostering international collaboration in scientific research, Maskin believes we can overcome differences and work towards common goals.
Maskin's reflections underscore the importance of balancing individual ambitions with societal objectives, a core principle of mechanism design theory. As the world becomes increasingly interconnected, his insights offer valuable guidance for young global citizens, business and tech enthusiasts, and thought leaders striving to create a more cohesive and prosperous future.
Reference(s):
cgtn.com
