Published on Let's Talk Development

Friday Roundup: Kaushik Basu meets CSOs; debating India’s jobs scheme; and tracking fast growing economies

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In an interesting post on “From Poverty to Power,” Duncan Green writes about our Chief Economist, Kaushik Basu. Commenting on a recent roundtable for CSOs held in London, Duncan highlights Kaushik’s views on redistribution, taxation, economists, climate change and  multi-player sudoku. With his prior experience in the Indian Government and emphasis on thinking outside the ‘reductionist stereotypes,’ Duncan writes that Kaushik “could prove to be an interesting and innovative voice at the Bank…” Read the entire post here.

On November 16, Kaushik delivered a lecture at Brown University titled ‘From the Slopes of Raisina Hill: India’s Economic Reforms and Prospects’. Watch the video here. He’s posted a power point on ‘The Global Crisis and the Impact On Emerging Economies’ that was delivered at a UNU-Wider seminar on November 26.

Anyone familiar with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)? The scheme, introduced by the Govt. of India in 2005, is a job scheme for the rural poor that aims to provide at least 100 days of guaranteed wage employment in every financial year and is one of the largest job creation programs of its kind. But is it working? This is the topic of debate on Ideas for India this week. Research Director Martin Ravallion is one of the five experts who will argue for and against the motion. Stay tuned!

A graphic in The Economist’s illustrates the fastest growing economies since 1980.  With data from the IMF database, the chart also shows rates of contraction in economies too. However, what’s surprising is that Libya is the fastest growing economy of 2012, with a projected growth of 122% this year. Check it out for more such surprises.

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