The Melbourne Newsroom

The following text comes from the 2010 Hamer Oration held at the University of Melbourne on Thursday August 5, 2010.  The speech was given by Professor Ross Garnaut, a Vice Chancellor's Fellow and Professorial Fellow in Economics at the University.

 

Dr Pradeep Taneja says that while communism in China is dead 'practically', the 60th anniversary of the creation of the People's Republic of China is particularly significant.  "It comes about a year after China hosted the Beijing Olympics, so there's an added significance that China has demonstrated to the rest of the world that China is an important country and one that has achieved remarkable success in its economic development and modernisation."

The rise of China in the new global economic order has made for a more prosperous and stable world, according to Associate Professor Mark Crosby from the Melbourne Business School.