Global Business in the Digital Age and Post-COVID-19
5th International Conference
East China University of Science & Technology
University of San Francisco
Digital technology has profoundly reshaped global business. Not only has it accelerated the process of firm internationalization but also facilitated inter-firm cross-border cooperation. However, for the global top 100 digital multinationals, only 41% of their total assets are located overseas, compared with 65% for traditional multinationals, showing a considerable difference between these two groups. In terms of sales, 73% of digital multinationals' sales are overseas, compared with 64% for traditional multinationals. Furthermore, technological competition has intensified across national boundaries. However, the increasing geopolitical tensions and the rise of nationalism have led many countries to restrict the use of digital technology, thereby limiting the flow of information and cross-border business activities.
With the Covid-19 Pandemic and its impact on business digital transformation, companies face new opportunities and challenges in the global arena. How can they deal with the precarious changes and achieve sustainable international growth? What are the characteristics of effective business models in today’s global business environment? These issues will be extensively discussed during the 5th ECUST & USF International Conference to be held virtually on June 12-13, 2021 (North America Pacific Standard Time: June 11-12). The Conference will provide a platform to exchange views on various business challenges and solutions in today’s environment. During the two-day conference, there will be a variety of sessions/activities, including keynote speeches, academic and industry dialogues, an education leaders’ forum, regular and special paper sessions, etc. We sincerely welcome scholars, education leaders, industry executives, entrepreneurs, and policymakers to participate in our discussions.
Bay Area and China Relations Under the Biden Administration
Fireside Chat with USF President Paul Fitzgerald and BAC President Jim Wunderman
Bay Area, the 17th largest economy in the world, is the home to world-leading universities, technology leaders, thousands of innovative startups, and many of the world’s most highly capitalized companies. Many of those companies are global, and active in both trade and investment. The Bay Area is also a historic gateway to China, with the oldest and largest Chinese population, cultural fluency, and deep university and business ties witnessed by venture flows, R&D, and large numbers of Chinese students who study at Bay Area universities. Ripples in the US-China economic relations are felt throughout the region, and the trade war launched in 2016 by the Trump Administration and the subsequent deterioration in political relations have been damaging. The Biden Administration has brought policy change, but how much?
We have invited two prominent Bay Area leaders to share with you what they see occurring in the Biden Administration and how these changes impact the Bay Area, particularly in education and high technology. University of San Francisco President Paul Fitzgerald and Bay Area Council President Jim Wunderman will offer their views on the direction of the Biden administration’s China policies, strategies for how to navigate the uncertainties that are now deeply embedded in the US-China relationship, and the potential for continued cooperation between the Bay Area and China.
Sean Randolph, the senior director of the Bay Area Council Economic Institute, will introduce the topic for discussions and the session will be moderated by Peter Lorentzen, Professor of economics and the CBSI executive board member at University of San Francisco.
PREVIOUS EVENTS INFORMATION
Examining China's Investments In African Nations:
On April 14th, 2021, the China Business Studies Initiative at the University of San Francisco hosted a webinar titled: Examining China's Investments in African Nations: Promises and Influences. The purpose of this CBSI panel is to examine whether or not China's interests in Africa are legitimate in the 21st century's ever-changing global economy and what the US should do in response if anything.
The event opened with Dr. Xiaohua Yang, the Director of China Business Studies Initiative, welcoming everyone. Foreshadowing the excellent event, Professor Yang stated, "We have gathered a stellar group of the world’s leading experts and scholars to discuss one of the most important triangular relationships: Africa, China and the US.". The webinar discussed China's ability to invest in developing economies, specifically direct investments to African nations, ranging from mining raw materials, infrastructure development, and market penetration. The panelists also entertained a robust Q&A session with a very engaging audience.
Dr. Richard Greggory Johnson III moderated the event. The stellar panel included the names of Dr. Marco Tavanti, Dr. Beatrice Matiri-Maisori, Dr. Peter Ping Li, Dr. Motolani Agbebi, Dr. Arie Y. Lewin, Dr. Jeffrey Pallier, and Dr. Jean-Claude Maswana. The panel speakers cover four continents: North America, Asia, Africa, and Europe.
The RCEP, China EU CAI and Canada
This upcoming event is designated to address the potential responses in Canadian policies to two recent China related multilateral agreements. The regional Comprehensive Economic Partnership (RCEP) announced last November is the world’s largest free trade agreement, covering approximately a third of the world’s population and economy. The China-EU Comprehensive Agreement on Investment (CAI) signed last December will reportedly grant the EU enhanced market access in China. These two agreements might have a deep impact on Canada-Asia trade and investment relations as well. Top business experts from Canada, the USA and China will discuss and debate on the best Canadian business strategies for China and Asia to promote Canadian business interests in the Area.
Saving Lives and Livelihoods: How will Moderna's vaccine change the course of Covid-19 Pandemic?
On March 23, 2021, China Business Studies Initiative (CBSI) hosted a fireside chat with Dr. Michael Rosenblatt, the Flagship Pioneering senior partner as part of the “Saving Lives and Livelihoods Speaker Series” that CBSI has been hosting since April of 2020, when the Covid-19 Pandemic was on the rise in the US and the rest of the world. During the conversation, Dr. Michael Rosenblatt, one of the world’s leading medical scientists who was involved in developing the now well-known Moderna Vaccine, shared many insights about the development process of creating the Covin vaccine, the innovative technology of mRNA used in the platform for this vaccine, and its efficacy. He also addressed many questions raised by the audience, including the resistance by certain population groups to the covid vaccine administration, vaccine equity and access challenges, vaccine diplomacy, and global cooperation for fighting against Covid-19 and any future pandemics.
The audience was able to hear first-hand on how the talent and outstanding work of prominent scientists and medical doctors led to the invention of the potential cure of the catastrophic virus in the modern conditions of the 21st Century. The discussion was moderated by Professor Tatoul Manasserian, who teaches International Business at USF, directs Research Center ALTERNATIVE in Armenia, and is a public policy expert, serving as a Member of Parliament in 2003-2007, as well as Professor Xiaohua Yang, the Director of China Business Studies Initiative, organizing the event.