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Contact: Susan Bindig (609) 258-5437
Date: December 1, 1999

Author and Television Host Adam Smith to Offer PBS Program Preview and Discuss "Crossroads China 2001" at Princeton

Princeton, N.J. -- Economic analyst George J. W. Goodman, also known as Adam Smith of Adam Smith's Money World, will speak on "Crossroads China 2001" at Princeton University's Center of International Studies on Thursday, January 6, at 4:30 p.m., in Dodds Auditorium, Robertson Hall. Goodman will feature previews of a one-hour Adam Smith special that will air the following evening on WNET, Channel 13. Robert D. Hormats, vice chair of Goldman, Sachs International, and Minxin Pei, senior associate at the Carnegie Endowment for International Peace, will join Goodman in a discussion of the program and the issues it raises.

Goodman sees China coming to a crossroads. In his PBS special, Goodman discusses the impending conflict between the top-down control of the communist apparatus in China and the rapid modernization of the country via the Internet. To keep its economy growing, China now needs world trade, technology, and for investors, the rule of law -- all of which challenge traditional communist authority. Goodman talks with Henry Kissinger, Yale professor Jonathan Spence, former ambassadors Winston Lord and James Sasser, the founder of Yahoo! Jerry Yang, as well as Chinese artists, chefs, economists, and bureaucrats. Clips of those discussions will be shown at the Princeton seminar.

In addition to his work for Adam Smith's Money World, Goodman helped found New York magazine and was a founding editor of the trade magazine Institutional Investor. His books include The Money Game, Supermoney, and Powers of Mind.

Robert D. Hormats is a managing director of Goldman, Sachs and Co. as well as vice chair of Goldman, Sachs International. Additionally, Hormats has served as assistant secretary of state for economic and business affairs, ambassador and deputy U.S. trade representative, and senior economic adviser to Henry Kissinger, Brent Scowcroft, and Zbigniew Brzezinski. His publications include American Albatross: The Foreign Debt Dilemma and Reforming the International Monetary System.

Minxin Pei's current research focuses on the politics of legal reform in China, but his research has covered a wide range of subjects, including U.S. relations with East Asian countries and democratization in developing countries. Pei is the author of From Reform to Revolution: The Demise of Communism in China and the Soviet Union and of the forthcoming The Political Economy of Legal Reform in China. Before joining the Carnegie Endowment, Pei was a faculty member in the politics department at Princeton.

The presentation at Princeton University is sponsored by the Center of International Studies and Adam Smith Global Television.