Global development research consortium launched in Beijing

China’s leading university Wednesday set up a consortium to promote research and practice on economic structural change to achieve better global development.

The Global Research Consortium on Economic Structural Transformation (GReCEST) is initiated by the Center for New Structural Economics at Peking University and has 33 founding members from all over the world, mostly research institutions.

The consortium focuses on structural problems of developing countries, aiming to provide advisory and policy recommendations on sustainable development, said Zhou Qiangwu, director of International Economics and Finance Institute, a think tank under China’s Ministry of Finance.

“It will also work to promote south-south cooperation and increase developing countries’ participation in global economic governance,” Zhou said at the inauguration conference.

“The conference is important as we can learn structural transformation experience from other parts of the world, including China,” said K.Y. Amoako, president of the African Center for Economic Transformation.


Read more at Global Times

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