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Linda Yueh
Linda Yueh
Linda Yueh
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Linda Yi-Chuang Yueh CBE is a Taiwanese-born British-American economist, lawyer, broadcaster, and author. Yueh is an adjunct professor of economics at London Business School,[1] and a fellow in economics at St Edmund Hall, Oxford University.[2][3] She was also a visiting professor at Peking University and associated with both the Centre for Economic Performance and IDEAS research centres at the London School of Economics.[4]

Key Information

She is a TV and radio presenter, including for BBC programmes such as Radio 4 Analysis, Business Daily on BBC World Service, and Radio 4 Today programme.[5][6] From 2013 to 2015, she was Chief Business Correspondent and a Contributing Editor for BBC News when she hosted Talking Business with Linda Yueh,[7] as well as former Economics Editor at Bloomberg Television.

Early life and education

[edit]

Yueh was born to Taiwanese American immigrant parents in Taipei, Taiwan. She emigrated with her family to the United States around 1982 when she was five years old.[1]

After graduating from Yale University with a Bachelor of Arts (B.A.) degree, Yueh earned a Master of Public Policy (M.P.P.) from Harvard University, a Juris Doctor (J.D.) from the New York University School of Law in 1998,[8] and a Master of Arts and then a D.Phil. in economics from the University of Oxford as a member of St Edmund Hall, Oxford.[1] Her 2001 doctoral dissertation at Oxford was titled, "Gender, Discrimination and Inequality in China: Some Economic Aspects", and was supervised by economist John Knight.[9][10]

Career

[edit]

Yueh has been a corporate lawyer at Paul, Weiss, Rifkind, Wharton & Garrison and a resident in New York City, Beijing, and Hong Kong.[5]

Yueh was previously a non-executive director of two FTSE-listed companies, a board member of London & Partners, the official promotion agency of London, and an adviser to the British Chambers of Commerce. Yueh is currently a non-executive director at Rentokil Initial; she has held this role since November 2017.[11]

Yueh is an external trustee of the Coutts Foundation and also on the advisory board of the Official Monetary and Financial Institutions Forum. She serves on the supervisory Policy Committee of the Centre for Economic Performance at the London School of Economics. She is also the Chair of the Royal Commonwealth Society and Malaria No More UK.[12]

In September 2020, Yueh was named an advisor to the British Board of Trade.[13]

She was appointed Commander of the Order of the British Empire (CBE) in the 2023 New Year Honours for services to economics.[14]

She was made a Fellow of the Royal Economic Society in May 2025.[15]

International activities

[edit]

Yueh has been a consultant to the World Bank, the European Commission, the Asian Development Bank, and the World Economic Forum at Davos.[12]

Personal life

[edit]

She has dual British and American citizenship.[16]

Books

[edit]
  • The Great Economists: How Their Ideas Can Help Us Today. Viking. /What Would the Great Economists Do? How Twelve Brilliant Minds Would Solve Today's Biggest Problems. Picador.
  • China's Growth: The Making of an Economic Superpower. Oxford University Press.
  • The Economy of China. Edward Elgar Publishing.
  • China and Globalisation: Critical Concepts in Globalisation. Routledge. (editor).
  • Enterprising China: Business, Economic, and Legal Developments since 1979. Oxford University Press.
  • The Law and Economics of Globalisation. Edward Elgar Publishing. (editor).
  • Macroeconomics. Cengage Learning. (co-author).
  • The Future of Asian Trade and Growth: Economic Development with the Emergence of China. Routledge. (editor).
  • Globalisation and Economic Growth in China. Routledge. (co-editor).

References

[edit]
[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

Linda Yueh

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Linda Yi-Chuang Yueh is a British economist, author, and broadcaster known for her work on macroeconomics, globalization, and economic policy. She holds a BA from Yale University, an MPP from Harvard University, a JD from New York University, and both an MA and DPhil from the University of Oxford, where she serves as a Fellow by Special Election in Economics at St Edmund Hall. Yueh is also an adjunct professor of economics at London Business School. Previously, she was Chief Business and Economics Correspondent for BBC News, presenting programs on BBC Radio 4 and the World Service, as well as hosting television series. Her notable achievements include authoring books such as The Great Economists: How Their Ideas Can Help Us Today and The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them, and receiving a Commander of the Order of the British Empire (CBE) in 2022 for services to economics.

Early Life and Education

Childhood and Family Origins

Linda Yueh was born in to parents of Taiwanese descent. Her family emigrated to the , where she grew up, shaping her early exposure to American economic environments amid immigrant experiences common to many Taiwanese families during that era. This background contributed to a practical, empirically grounded perspective on economic matters, reflecting the resourcefulness often observed in diasporic Chinese communities transitioning from developing to developed economies. Specific details on her parents' professions or precise migration date remain undocumented in , underscoring the limited personal disclosures typical of professionals in her field.

Formal Education and Qualifications

Linda Yueh earned a degree from . She subsequently obtained a from Harvard University's Kennedy School of Government. Yueh holds a from School of Law, qualifying her as a prior to her pivot toward and broadcasting. She completed her advanced training with a and Doctor of Philosophy (DPhil) in from the . These qualifications underpin her interdisciplinary expertise in , , and international affairs.

Academic and Research Career

Key Academic Positions

Linda Yueh serves as by Special Election in at St Edmund Hall, , a position that includes responsibilities as Research Lecturer in and membership on the as a . This affiliation integrates her with the Department of at Oxford, where she is listed among faculty contributing to economic research. She holds the title of Adjunct Professor of Economics at London Business School, enabling involvement in academic programs and research initiatives in economics. These positions reflect her expertise in applied economics, bridging academic research with broader policy and market analysis, though her primary career emphasis has shifted toward media and advisory roles.

Research Contributions and Focus Areas

Yueh's research centers on and growth, with a primary emphasis on China's transition from a planned to a market-oriented since the reforms initiated in , which propelled it from one of the world's poorest nations to the second-largest by GDP. Her analyses highlight the critical role of institutional reforms, including shifts in labor markets, , and , in sustaining high growth rates averaging over 9% annually in real GDP during this period. A key contribution involves dissecting the drivers of China's growth beyond conventional accounting, arguing that the economy's structural evolution—such as sectoral shifts and interventions—matters as much as factor accumulation like capital and labor inputs. In her 2013 paper "What Drives China's Growth?", Yueh demonstrates through empirical decomposition that reallocation effects and reforms have significantly amplified gains. Collaborating with John Knight and Yang Yao, she further examined trends and implications in "Economic Growth in China: Productivity and Policy," published in the Oxford Bulletin of Economics and Statistics in December 2011, finding that urban-rural disparities and state interventions have shaped output efficiency. Yueh has also explored innovation dynamics, particularly how laws and rights regimes have fostered technological advancement amid China's reforms, as detailed in working papers assessing IPR's impact on firm-level . Her work on underscores vitality, including studies of Chinese entrepreneurs' role in and competitiveness. Additionally, she addresses inequality, such as discrimination in labor markets, linking it to broader market-oriented transitions that have widened gaps between men and women. In examining the interplay of , Yueh's research on "The China Paradox" posits an endogenous relationship where legal reforms emerge from growth pressures rather than preceding them, challenging linear causality models in . Her 2008 Oxford discussion paper "The Contributions of Labour Market Reform, Globalisation and " quantifies how these factors enhanced efficiency, with competition from entry and liberalization boosting total factor productivity. Overall, Yueh's contributions emphasize causal mechanisms in 's success, prioritizing empirical evidence from reforms over ideological narratives.

Media and Broadcasting Career

Broadcasting Roles and Platforms

Linda Yueh began her prominent broadcasting career as Economics Editor for Bloomberg Television from 2010 to 2012, where she provided analysis on economic matters. In January 2013, BBC World News appointed her as Chief Business Correspondent, a Singapore-based position she assumed in April 2013 to enhance coverage of global economics and business across BBC TV, radio, and online platforms. In this role, which she held until 2015, Yueh hosted the weekly program Talking Business with Linda Yueh, premiering on 4 October 2013 at 14:30 GMT on BBC World News, featuring discussions with business leaders and macroeconomic trend analysis. Yueh also fronted BBC World News special series, including New Global Middle Class, examining emerging consumer markets, and Working Lives, focusing on labor dynamics in various economies. On radio, she contributed business segments to 4's Today programme and served as an occasional presenter for Business Daily on . Following her tenure as Chief Business Correspondent, Yueh has maintained ongoing presenting roles, appearing on and to discuss economic topics. Her work emphasizes empirical economic insights drawn from data and expert interviews, reaching audiences through these established platforms.

International and Advisory Engagements

Yueh has advised international institutions on economic policy and development, including the World Bank, , , and in Davos. These roles have drawn on her expertise in global economics, trade, and institutional reforms, though specific projects or durations are not publicly detailed in her profiles. In September 2020, Yueh was appointed as an advisor to the Board of Trade, a body aimed at promoting British trade interests post-Brexit, with her involvement continuing until 2023. During this period, she contributed to discussions on trade principles and the global economic positioning, as noted in the board's inaugural meeting. Additionally, Yueh has held advisory positions with entities focused on international collaboration, such as co-chairing the Global Cities Business Alliance, which addresses urban economic challenges across borders, and serving on the board of London & Partners, supporting international investment and promotion. She has also participated in UK Treasury panels, including the Independent Review Panel on Ring-Fencing and , linking domestic to broader global standards.

Publications and Economic Thought

Major Books and Writings

Yueh has authored multiple books applying economic theory to contemporary issues and analyzing China's . Her works include What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems, published in 2018, which examines the ideas of economists such as , , and , applying them to modern challenges like inequality and technological disruption. In The Great Economists: How Their Ideas Can Help Us Today, released in 2018, Yueh profiles influential thinkers from to , detailing their core contributions and relevance to current policy debates on growth, markets, and institutions. Her 2023 book The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them reviews ten historical financial crises, including the 1929 Wall Street Crash and the 2008 global meltdown, extracting empirical lessons on triggers like asset bubbles and policy responses to inform future stability measures. Yueh's writings on China form a trilogy: The Economy of China (2010), which assesses structural reforms and growth drivers; Enterprising China: Business, Economic, and Legal Changes since 1979 (2011), focusing on entrepreneurship and institutional evolution; and China's Growth: The Making of an Economic Superpower (2013), synthesizing factors behind rapid expansion while noting challenges like state intervention and inequality. Beyond books, Yueh has contributed academic articles on topics such as under patent laws in and labor , published in journals like The China Journal, emphasizing data-driven analysis of economic transitions.

Core Economic Perspectives

Linda Yueh advocates a pragmatic economic framework that draws on the insights of historical thinkers to address modern issues such as sluggish growth, inequality, and technological disruption, emphasizing empirical lessons over ideological purity. She posits that economic progress hinges on robust institutions, investment, and , rather than rigid adherence to any single . For instance, in examining 's rise, Yueh stresses the importance of microeconomic structures—like property rights and entrepreneurial incentives—alongside traditional growth factors, arguing that these underpin sustained expansion beyond mere . On market dynamics, Yueh underscores the efficiency of free markets when supported by minimal government frameworks, echoing Milton Friedman's monetarist principles of floating currencies and rule-based to avoid discretionary distortions. She contends that governments should enforce basic rules—such as preventing and ensuring —while refraining from excessive intervention, which can stifle price signals and . This view aligns with her interpretation of Friedrich Hayek's emphasis on in markets, where inequality arises naturally but societal advancement occurs through decentralized decision-making rather than redistributive mandates. Yueh acknowledges the role of targeted interventions during crises, as informed by , but warns against overreliance, citing Friedman's likely opposition to expansive bailouts like those involving mortgage-backed securities during the 2008 financial meltdown. In her analysis of globalization and trade, she highlights benefits from while recognizing distributional costs, advocating policies that enhance worker mobility and skills to mitigate losers from . Overall, her perspectives prioritize rebuilding economic consensus through evidence-based adaptations, particularly investing in education and institutions to foster amid shifting global dynamics, such as the rising weight of emerging economies.

Reception and Impact

Achievements and Recognitions

In 2023, Linda Yueh was appointed Commander of the (CBE) in the list for services to , recognizing her contributions as an , broadcaster, and . This honor was announced on December 31, 2022, and reflects her impact on economic analysis and public communication. Yueh's 2010 book The Economy of China was selected as a Choice Outstanding Academic Book for 2011, acknowledging its scholarly depth on China's and policies. The publication provides an empirical overview of factors driving China's growth, including labor reforms and , drawing on her research expertise. In 2025, she was designated a Founding of the Royal (FREcon), highlighting her foundational role in advancing and discourse. Additionally, Yueh holds Fellowship of the Royal (FRSA), a distinction for professionals contributing to , , and commerce through innovative thinking.

Criticisms and Debates

Yueh's book The Great Economists: How Their Ideas Can Help Us Today () has drawn for overambitiously combining biographical sketches of historical figures with applications to modern policy issues, resulting in a diluted focus that undermines analytical rigor. Critics argue the formula falters particularly with early economists like , as posing questions about his views on today's service-dominated economies ignores the vast contextual gulf from the , rendering such exercises largely speculative. The work concludes with general endorsements of open markets and economic liberty but provides no concrete roadmap for addressing persistent challenges like inequality or technological disruption, leaving readers without prescriptive clarity. In The Great Crashes: How to Understand Them and Build a More Prosperous Future (2023), Yueh's concise treatment of historical financial collapses—spanning roughly 250 pages—has been faulted for sacrificing depth to pace, potentially oversimplifying multifaceted crises to fit a general audience. While the brevity aids accessibility, it introduces financial terminology without sufficient explanation, which may alienate non-expert readers despite the intent to democratize economic insights. Yueh's analyses of China's economic ascent, as in China's Growth: The Making of an Economic Superpower (2013), emphasize structural reforms, , and hybrid market elements as primary drivers, attributing 60-70% of expansion to factor accumulation like capital and labor alongside productivity gains. This framework has fueled debates among economists over growth accounting methodologies, with some reviews questioning the relative weights assigned to institutional factors versus state-directed , especially as China's post-2013 slowdown—marked by sector woes and GDP growth dipping below 5% in recent years—highlights risks of overreliance on such models amid data opacity. Yueh has acknowledged biases in , including political incentives for upward reporting offset by informal sector undercounting, yet her overall optimism on remains contested in light of emerging fragilities like burdens exceeding 300% of GDP by 2023.

Recent Activities and Developments

Current Roles and Commentary (Post-2020)

Since 2020, Linda Yueh has served as a in at University, where she contributes to economic research and teaching. She also holds the position of of at , focusing on global economic issues and business strategy. In corporate governance, Yueh is an independent at three FTSE 100 companies: , SEGRO plc, and plc. Additionally, she chairs Baillie Gifford's The Fund Ltd, an , and acts as Executive Chair of the Commonwealth . Yueh was appointed Commander of the (CBE) in 2023 for services to and became a Founding of the Economic in 2025. In her post-2020 commentary, Yueh has emphasized the risks of economic crashes drawing from historical precedents, as detailed in her 2023 book The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them, which analyzes ten major financial disasters since the and proposes a framework for early detection involving policy missteps, asset bubbles, and leverage. She argues that crashes are inevitable in market economies but can be mitigated through proactive measures like monitoring credit expansion and international coordination, rather than relying solely on interventions post-crisis. Regarding recent global trends, Yueh noted in late 2023 that geoeconomic fragmentation—driven by trade restrictions and disruptions—exacerbated a disordered , with growth hampered by policy uncertainty amid events like the Russia-Ukraine conflict and U.S.- tensions. Yueh's 2024 analyses highlighted the unprecedented scale of elections affecting over half the world's population, potentially influencing economic policies on and fiscal stimulus, while global growth at 2.9% amid persistent not returning to 2% targets until 2025. She critiqued the Budget 2024 for limited growth-boosting effects, citing insufficient incentives for investment in a high-interest-rate environment, and advocated for structural reforms over short-term spending to enhance . In a 2025 seminar, Yueh reiterated lessons from past crashes, stressing that endogenous factors like over-leveraged sectors, not exogenous shocks alone, precipitate downturns, urging policymakers to prioritize resilience through diversified economies rather than bailouts that distort incentives. Her views, grounded in empirical historical data, underscore causal links between policy errors and financial instability, cautioning against over-optimism in post-pandemic recovery narratives from institutions prone to consensus-driven forecasts.

Ongoing Influences and Predictions

Yueh's ongoing influence in economic analysis stems from her integration of historical economic thought with real-time policy debates, particularly on , growth, and prevention, as evidenced by her addresses and media contributions through 2025. Her emphasis on resilience-building draws from classical economists like Smith and Keynes, applied to modern issues such as disruptions and fiscal responses, influencing discussions at forums like the Transatlantic Policy Forum on tariffs and . This approach has shaped advisory perspectives for institutions, prioritizing empirical lessons from past booms and busts to advocate for diversified strategies amid trends. In predictions for global economic trajectories, Yueh has forecasted persistent uncertainty delaying investments, notably in her 2023 assessment of mixed outlooks for and world growth amid cyclical slowdowns, and extending into 2024 where heightened geopolitical risks were seen as exacerbating investment hesitancy without spurring recovery. By August 2025, she highlighted potential contractionary effects from renewed tariffs under Trump policies, arguing they could strain global supply chains and elevate risks without commensurate domestic gains, based on historical tariff episodes. Yueh anticipates that small and medium enterprises must prioritize shock preparedness through diversified sourcing and liquidity buffers to mitigate such shocks, a view informed by post-pandemic data on firm vulnerabilities. Her forward-looking commentary also underscores long-term growth imperatives, predicting that without reforms addressing demographic and technological shifts—such as AI-driven productivity boosts—advanced economies risk stagnation, echoing her analyses of Asia's navigation of similar headwinds. Yueh's contributions, including on geo-economics, project a multipolar trade order where resilience hinges on policy agility rather than , potentially averting deeper recessions if historical precedents like post-WWII reconstructions are heeded. These predictions, grounded in data from recent IMF and World Bank outlooks she has referenced, caution against over-reliance on monetary easing alone, favoring structural investments in for sustained expansion.

References

  1. https://www.seh.ox.ac.uk/news/the-great-economists-dr-linda-yueh-publishes-new-book
  2. https://www.chathamhouse.org/about-us/our-people/linda-yueh
  3. https://www.seh.ox.ac.uk/asset/St-Edmund-Hall-Magazine-2016-17.pdf
  4. https://www.london.edu/news/dr-linda-yueh-awarded-cbe-for-services-to-economics-2128
  5. https://confucius.leeds.ac.uk/events/meet-the-author-linda-yueh/
  6. https://lindayueh.com/books
  7. https://360mozambique.com/economy/em-magazine-the-power-of-democratising-economic-knowledge/
  8. https://www.telegraph.co.uk/money/fame-fortune/economist-linda-yueh-experts-often-get-things-wrong-cautious/
  9. https://www.london.edu/faculty-and-research/faculty-profiles/y/yueh-l
  10. https://www.bbc.co.uk/programmes/profiles/5jRRNrrqsv2D8VZMxLvN3PK/linda-yueh
  11. https://www.seh.ox.ac.uk/people/linda-yueh
  12. https://www.economics.ox.ac.uk/people/linda-yueh
  13. https://lindayueh.com/
  14. https://www.researchgate.net/profile/Linda-Yueh
  15. https://www.jstor.org/stable/25469814
  16. https://ideas.repec.org/f/pyu233.html
  17. http://digamo.free.fr/chi131.pdf
  18. https://journals.sagepub.com/doi/abs/10.1177/002795011322300102
  19. https://lindayueh.com/publications
  20. https://ora.ox.ac.uk/objects/uuid:3e1a0432-9a88-4893-9959-5dc376f78698
  21. https://www.tandfonline.com/doi/abs/10.1080/23812346.2020.1785142
  22. https://www.sc.com/en/people/dr-linda-yueh/
  23. https://www.bbc.co.uk/mediacentre/worldnews/linda-yueh
  24. https://www.bbc.com/mediacentre/worldnews/bbcwn-new-progs
  25. https://www.weforum.org/people/linda-yueh/
  26. https://www.gov.uk/government/news/government-announces-new-board-of-trade
  27. https://www.gov.uk/government/news/new-board-of-trade-holds-first-meeting-to-agree-principles-and-future-programme-of-work
  28. https://us.macmillan.com/books/9781250180544/whatwouldthegreateconomistsdo/
  29. https://www.penguin.co.uk/books/287978/the-great-economists-by-yueh-linda/9780241974476
  30. https://www.goodreads.com/book/show/40664386-the-great-economists
  31. https://www.amazon.com/Chinas-Growth-Making-Economic-Superpower/dp/0199205787
  32. https://academic.oup.com/book/33080/chapter/281951339
  33. https://lindayueh.com/blog/f/friedman-fighter
  34. https://lindayueh.com/blog/f/friedrich-hayeks-devotion-to-free-markets
  35. https://usaidalumni.org/wp-content/uploads/2019/01/Review-of-Linda-Yueh-What-Would-the-Great-Economists-Do.pdf
  36. https://sobrief.com/books/what-would-the-great-economists-do
  37. https://online.ucpress.edu/gp/article-abstract/1/1/13909/111367
  38. https://www.seh.ox.ac.uk/news/hall-fellow-dr-linda-yueh-honoured-in-new-year-honours-2023
  39. https://www.ox.ac.uk/news/2022-12-31-new-year-honours-2023
  40. https://www.thetimes.com/culture/books/article/review-the-great-economists-how-their-ideas-can-help-us-today-by-linda-yueh-what-would-keynes-do-whpvckjhh
  41. https://www.theguardian.com/books/2023/jun/07/the-great-crashes-by-linda-yueh-review-preparing-for-the-next-crisis
  42. https://www.bbc.com/news/business-22523073
  43. https://carstenholz.people.ust.hk/BookReviews/CarstenHolz-BookReview-LindaYueh-ChinaGrowth-July2015.pdf
  44. https://www.london.edu/news/geoeconomic-fragmentation-and-a-disordered-world-2326
  45. https://lindayueh.com/blog/f/the-world-in-2024
  46. https://www.london.edu/think/business-trends-in-2024-what-is-in-store-this-year
  47. https://lindayueh.com/articles
  48. https://www.instagram.com/p/DP2GGsGACMh/
  49. https://www.youtube.com/watch?v=jdduOmzhJEY
  50. https://lindayueh.com/events
  51. https://www.london.edu/news/bbc-world-business-report-linda-yueh-commentary-on-tariffs
  52. https://www.linkedin.com/posts/resilience-first_londonbusinessnetworksforresilience-businessresilience-activity-7376996651233882113-wHkq
  53. https://asiaeconomicoutlook.live.ft.com/home
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