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China's economic prowess is seldom questioned, but how has the largest communist society in the world also become the most dynamic capitalist economy? In this video lecture from the 2010 Falling Walls Conference, sociologist Doug Guthrie disentangles the generally accepted assumption that markets are more efficient than state planning and provides a unique view on economic innovation. With ample academic research and experiences in East Asia, Guthrie's doctoral study on Chinese corporate response to institutional changes was awarded the field's top dissertation award and has formed the basis of several books of economic reform in China. After teaching at top international institutions like Harvard Business School, INSEAD, Stanford University, Columbia University, and Emory University, Guthrie was appointed the dean of George Washington University's School of Business, where he is committed to guiding the business community through the challenges presented by the new communist-capitalist economic landscape.
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