Wednesday 13th of December 2017

What They Are Saying

Mr. England is periodically interviewed by members of the print, online and broadcast media for programs and stories relating to the financial industry and subjects he covers. His work is also cited by executives in government and industry, as well as experts and policy analysts. This page will link you to some of the published stories, broadcasts, public statements, and research in which Mr. England is cited, quoted or interviewed.


Gaston Gazette, Gastonia, North Carolina, News Story, July 14, 2011

Everything is crashing and burning around you: Gaston author takes on financial crisis in 'Black Box Casino'

Ragan Robinson of the Gaston Gazette interviews Mr. England about his forthcoming book. "This isn’t Truman Capote’s true crime. It’s scarier because we’re all the victims," the story begins.

Read more:


Financial Crisis Inquiry Commission, Hearing, April 9, 2010

Testimony of Robert J. Levin, April  9, 2010

In his prepared testimony before the Financial Crisis Inquiry Commission on April 9, former Fannie Mae senior exeuctive Robert J. Levin quoted from an article written by Mr. England for Mortgage Banking in 2006 to describe the changes in the securitizations market that influenced strategic decisions by Fannie Mae to take on riskier assets. 

The quoted material appears below:

A change in the mortgage-backed securities market that began more than two years ago appears to have completely reshuffled the industry's desk of cards. Now, issuers of private-lable residential mortgage-backed securities (RMBS) are holding the aces that were once held by the government-sponsored enterprises, Fannie Mae and Freddie Mac. Once a junior -- but powerful -- player in the market, private-label residential mortgage-backed securities are now the leading force driving product innovation and the net overall volume of mortgage origination. Further, it appears that the new dominant role for private-abel RMBS may be here to stay.

The quote is from an article titled "The Rise of Private Label," which can be found at this link:


U.S. China Today, March 1, 2010

China's Elderly Masses

Brandy Au writes: China's citizens are getting older, and with decades of managed population growth, the family support system is weak. What is being done to provide security for hundreds of millions of elderly? Read more of this article which quotes Mr. England and cites his book, Aging China at the link below:



China Radio International, August 4, 2009

People in the Know, "China's Aging Population"

Click on the link above to listen to the radio show. The interview with Mr. England at is located between 9:45 to 18.59 minutes in the 19 minute show.


BBC Radio 4, July 24 2009

The World Tonight

Click on the link above to listen to the radio show. The Interview with Mr. England on Shanghai's two-child policy at 18:36 to 21:50 minutes in the 45 minute program


Wall Street Journal, November 20, 2008

Mad Max and the Meltdown 

In his weekly column Wonderland, Mr. Daniel Henninger comments on Mr. England's article, "Anatomy of a Meltdown," in paragraphs five and six at this link:

A List of the Most Readable and Intriguing Books on Economics

Economics book reviewer Gaetan Lion has compiled a list of the 25 most readable and intriguing books on economics and the complete list has been posted on Two of the 25 books (Nos. 19 and 20) on the list were written by Mr. England.

The list can be seen at this link:

The books cited are The Fiscal Challenge of an Aging Industrial World and Global Aging and Financial Markets: Hard Landings Ahead. Both books were previously reviewed on by Mr. Lion who rated both books 5 stars on a 5-star scale. Mr. England's books are two of only three books lin the list with a 5-star rating. Mr. England's Global Aging and Financial Markets book also received a second 5-star rating from another reviewer, A. Agarwal.


Book Review of Aging China by Xiaochun Qiao


The China Quarterly, Volume 182, Issue 1, March 2006, pp. 182-183


Book Review by Xiaochun Qiao The China Quarterly, Volume 182, Issue 1, March 2006, pp. 182-183 Aging China: The Demographic Challenge to China’s Economic Prospects. By ROBERT STOWE ENGLAND. [Westport, CT and London: Praeger Publishers, 2005. xv_135 pp. £16.99. ISBN: 0-275-98684-5.] 

This book is based on the author’s studies on China’s ageing population and on research carried out by the Global Aging Initiative at the Center for Strategic and International Studies in Washington, DC into the present and future impact of ageing on China. 

Robert Stowe England aims to demonstrate that ageing in China, the world’s largest developing country, will experience a quite different course from that of developed countries or even of countries whose ageing levels are higher than China’s. The author tackles the issue from two angles: the demographic impacts on the one hand, and socioeconomic and institutional consequences on the other. In the section on demographics, the author argues that China is on the brink of a rapid transformation – caused by increased longevity and a nation-oriented family planning policy implemented for over 30 years – into a high-level ageing society in which old people will make up a large proportion of the population.

Since children are almost the only source of support for the elderly in China, especially in rural areas, the rapid decrease in their number will considerably undermine the conventional means of family support. In the socio-economic and institutional section, the author shows that this phenomenon is taking place in a country where the majority of the population have low standards of living and do not benefit from high standards of social security. He argues that China will begin its rapid ageing before it has completed its transition to the level of moderately developed countries. The author discusses the challenges that China is facing in the context of current economic problems such as the ongoing retrenchment of benefits for employees of state-owned enterprises, unemployment, the need for a stronger safety net and for reforms aimed at promoting growth in rural areas, rampant corruption, banking debts, and the necessity of increasing the coverage and costs of social security. All these challenges will probably constrain the benefits of future economic development and cause difficulties for the Chinese government in tackling ageing problems. 

According to the author, the ageing of China’s population in the 21st century will produce two integrating consequences as far as people’s lives and the nation’s development are concerned. It will lead to a considerable decrease of living standards for the elderly who will become a huge burden on their families; it will also slow down the economic development. The main argument of the book is to discuss if ageing in China will hinder China’s economic development and reform efforts in the first half of this century under the unfavourable conditions mentioned above. The author examines almost all the factors which are likely to affect the improvement of the social security system for the elderly and the economic development, and concludes that the Chinese government faces enormous challenges as it tries to steer a rapidly ageing nation toward amarket economy and orderly integration into the global economy. He argues that ageing will reshape China through its impact on various aspects of society. 

As a matter of fact, Chinese scholars in different disciplines look at the consequences of China’s ageing in different ways. Chinese sociologists focus on the well-being and living conditions of the elderly as well as on intergenerational relationships, whereas economists turn their attention to the impact of this phenomenon on the nation’s economic development and the capacity of economic support to the elderly in future. Interestingly sociologists, in general, tend to be more pessimistic, and economists more optimistic, as can be seen from some interviews conducted by Dr. England in China.

The theory embedded in the Chinese economists’ argument is that longer life leads to a higher accumulation of assets. However, Robert Stowe England’s opinion on the subject differs as he is convinced that China will face enormous challenges as its population is ageing rapidly. This reviewer finds that the author’s argument more convincing because it integrates economic theories into the reality of the Chinese situation, especially as it takes into account the relationship between economic and demographic factors.  Although it is hard to prove the extent to which ageing will undermine the economic development of China in future, there are some indirect evidences based on what has already occurred in some European countries and Japan, where fast ageing has, to some extent, resulted in a slowing down of the economic development. Such experiences have attracted scholars’ attention, including the author of this book, to assess the negative consequences of ageing in China. One of the reasons why Chinese economists have an optimistic view of ageing in china, I suppose, is that their vision is easily blurred by the currently prosperous economic situation. However, the economy cannot be separated from its causes, and Robert Stowe England does attempt to shed a light on the linkage between the ageing of China’s population and the country’s economic development.

This book will make interesting reading not only for Chinese studies scholars but also politicians, investors and business people. It can be used as reference in teaching in Chinese studies, pension and social security, sociology, gerontology, social demography, developing economics and even business. 


The above review is reprinted in its entirety by permission of The China Quarterly and Xiaochun Qiao.


The China Quarterly is the leading scholarly journal in its field, covering all aspects of contemporary China including Taiwan.


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