Yale Law School Center for the Study of Corporate Law -- Breakfast

The Yale Law School Center for the Study of Corporate Law will host an alumni breakfast program in New York on “Law and Economic Development: Perspectives on Growth in the BRICs.”  The program will be held at The Century Association, 7 West 43rd Street (between 5th and 6th Avenues) from 8:00—9:15 a.m.

One of the most important developments over the past several decades has been the rapid economic growth of large emerging markets, particularly China, which now contributes approximately 13% of world GDP (from 4% in 1992). A slow-down of growth in those nations would not only adversely effect the welfare of their domestic populations, which are a large proportion of the world population, but also would have a significant adverse effect on the global economy, which has increasingly relied on China as an engine for world economic growth. In the wake of the financial crisis engulfing developed Western economies in 2008-09, the economies of emerging nations initially appeared to be unaffected as growth continued apace. But as the developed economies have continued to experience acute economic distress, growth in emerging nations has also slowed.

A panel consisting of Robert Cooter, Herman F. Selvin Professor of Law and Faculty Co-Director, Law and Economics Program, University of California at Berkeley Law School; Stephen Roach, Senior Lecturer & Senior Fellow, Yale University Jackson Institute and former Chairman, Morgan Stanley East Asia and Chief Economist, Morgan Stanley; and Aleh Tsyvinski, Professor of Economics, Yale University; and moderated by Roberta Romano ’80, Sterling Professor of Law and Center Director, will discuss what is occurring in two key emerging markets, China and Russia and how does law, and corporate law in particular, contribute to growth. Among the questions the panel will consider are: What role does the legal system have, if any, to play in facilitating the economic development of those nations? Can China’s stunning growth of the past several decades be sustained? Is the Russian economy in crisis? How will the U.S. be affected by changing prospects of growth in these emerging nations?

We expect this to be a fascinating discussion drawing as it does on the expertise of the panelists: Robert Cooter is a distinguished scholar on law and development, whose most recent book, Solomon’s Knot: How Law Can End the Poverty of Nations (coauthored with Hans-Bernd Schaeffer), evaluates the relationship between law and growth; Stephen Roach, long one of the most influential economists on Wall Street, is renown for his expertise on China, as well as the other Asian economies; and Aleh Tsyvinski, a leading theoretical macro and public (fiscal and tax policy) economist, has a deep knowledge of Russia.

Breakfast will be available starting at 7:30 a.m. The program will begin promptly at 8:00 a.m. and end promptly at 9:15 a.m. A fee of $35 per person will be charged to cover the cost of the continental breakfast. Register at: www.regonline.com/CLBreakfastJan13.  Please call the Alumni Affairs Office at 203-432-1690 with questions about registering for the Breakfast. The registration deadline is Thursday, January 10th.

Yale Law School has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of CLE Programs. One and one half (1.5) CLE credit hours in Professional Practice (corporate) will be available for this program, which is transitional and non-transitional in nature. Preregistration is required for CLE credit. Please note that New York State requires you to sign in and sign out, in order to receive a CLE Certificate of Attendance at the end of the program. Program reading materials will be available online on the Center’s website at: http://www.law.yale.edu/cbl/16305.htm  and on the Alumni Affairs’ website at: http://www.law.yale.edu/alumni/CLEreadings.htm

For more information about the YLS Center for the Study of Corporate Law, visit the website at www.law.yale.edu/ccl or email corp.law@yale.edu.