1. Topic: Beyond the Paradigmatic Crisis and Perception Gaps
2. Language: Chinese
3. Speaker: Cen Zhiwei, Professor, Faculty of Economics, Kyoto Sangyo University. Cen Zhiwei graduated from Kyoto University in 2000 with a Ph.D. in Economics. As part of Faculty of Economics, he has taught at Kyoto Sangyo University since 2001, and has been a professor and doctoral supervisor since 2010. He is also a part-time researcher at Center for East Asian Economic Studies, Kyoto University, a visiting researcher at the CHUO University of Japan, and a visiting professor at East China Normal University. His major is macroeconomics and applied econometrics.
4. Abstract: In the 21st century, the world economy is undoubtedly entering the stage of “declining marginal growth rate.” To smoothly attain a “steady state” in the long-term, it must have a stable and sustained economic growth. As the historical world economic cycle shows, the continued growth of the world economy was driven by the dominant economy at the time. China’s Belt and Road economy is a source of a new round of sustained growth in the world economy. However, at present, quite a few regional or national perspectives and opinions differ from this thought. The "paradigmatic crisis" in the study pointed out by the famous historical research scholar Professor Philip C. C. Huang can be regarded as one of the reasons, that has led to many perception gaps, which has in turn led to many policy misjudgments. This report attempts to analyze and understand some of the root causes of the paradigmatic crisis and perception gaps through a simple model “Bao=third realm,” using some recent disputes about China’s economic and social understanding in Japan. This effort can thus provide a new way of thinking for the smooth progress of the Belt and Road Initiative (BRI) and international social environment coordination.