Husain of Emerging Asia Appointed as Fellow at the Salzburg Seminar

Salzburg, Austria, December 12, 2006 --(PR.com)-- Adil Husain was appointed as a Fellow to the Salzburg Seminar for its session on China: The New Global Economic Engine?, which was convened at Schloss Leopoldskron in Salzburg, Austria, from December 5 to 10, 2006, gathering some 53 participants from 24 countries, representing intergovernmental organizations, business, academic and research institutes, and banking institutions.

Adil Husain is President of Emerging Asia. Prior to founding Emerging Asia, he was a Senior Manager in the Corporate Strategy practice at Kaiser Associates in Washington DC. At the Salzburg Seminar, Adil was a member of the Working Group 'Business Government Relations in China: Opportunities and Risks in Investment.' The Working Group put together a paper that identified common pitfalls, and drawing on the experience of its members, it presented best practices for mitigating risk.

China: The New Global Economic Engine?
China’s explosive growth has exercised a profound impact on the world’s economic order during the past decade. Since the 1990s, when it began implementing the reforms that helped fuel its unparalleled economic success, China has become a major player on the global arena. However, the scope, scale and speed of its transition into a global, privatized and urban-based market economy are causing enormous tensions among its Asian neighbors as well as in the United States and the European Union.

Sustaining the momentum of China’s phenomenal growth means that it needs to harness its scarce natural resources, particularly in the energy and water sectors. On the other hand, the resulting degradation of its environment poses long-terms risks to its sustainable growth and political stability. The enormity of the challenges that China faces today require that it achieve new levels of cooperation with its global partners, like the United States and India, even as it moves its political economy towards implementation of existing environmental laws and regulations.

The Salzburg Seminar session analyzed the challenges, risks and opportunities faced by China as it emerges into a key force in the world economy. It likewise explored future scenarios for a new world economic order, and evaluated practical choices faced today by policy makers in government and business in China, in the West, and elsewhere in Asia.

Faculty:

Kenneth Lieberthal (Chair), Arthur Thurman Professor of political science and William Davidson Professor at the University of Michigan's Ross School of Business; former Special Assistant to the President for National Security Affairs and Senior Director for Asia, National Security Council
Serge Abou Ambassador and head of the Delegation of the European Commission to China and Mongolia, Beijing, China
Ma Jun Journalist and environmental advocate, Institute of Public & Environmental Affairs, Beijing, China
Li Shantong – Independent Director, Xinhua Finance, Beijing; former Director General, Department of Development Strategy and Regional Economy, Development Research Center, the State Council of the PRC, Beijing
Stephen King, Group Chief Economist, HSBC Bank, London
Rajiv Kumar - Director & Chief Executive, Indian Council for Research on International Economic Relations, New Delhi
Shane Tedjarati - President, Honeywell China, Shanghai
Shujiro Urata - Professor of International Economics, Graduate School of Asia-Pacific Studies, Waseda University, Tokyo
Wang Yuan - China Development Bank, Training and Education, Beijing, former Advisor on China Policy, Securities and Futures Commission, Hong Kong SAR, former Deputy Director, China Development Bank and former Division Chief, People's Bank of China, Beijing
Yi Gang, Vice Governor, People’s Bank of China, Beijing

The Salzburg Seminar
Since 1947, the Salzburg Seminar has been challenging current and future leaders to develop creative ideas for solving global problems. The institution convenes imaginative thinkers from different cultures and institutions, organizes problem-focused initiatives, supports leadership development, and engages opinion-makers through active communication networks, all in partnership with leading institutions from around the world and across different sectors of society. The Salzburg Seminar seeks to magnify the impact of individuals and institutions that bring just and humane values to bear on the global challenges facing their societies and the world.

The Salzburg Seminar is a non-profit organization, incorporated in the United States and Austria. The Seminar’s work is primarily conducted at Schloss Leopoldskron, home to the Seminar in Austria since 1947. This Austrian historical monument has welcomed more than 26,000 individuals from 156 countries, all of whom have been struck by the way in which the splendor of the setting facilitates a unique quality of cross-cultural dialogue and engagement. Among the Seminar’s former faculty and fellows are such leaders as Hillary Clinton, Hisashi Owada, Franz Vranitzky, Warren Christopher, Richard Goldstone, Kim Campbell, Federico Mayor, Jutta Limbach, Lawrence Eagleburger, Vaclav Klaus, Ruth Bader Ginsburg, Mamphela Ramphele, André Brink, Pascal Lamy, Astrid Fischel-Volio, Karmen Abu Jaber, and Leszek Balcerowicz.

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