A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.
Saturday, January 01, 2011
Raghuram Rajan, Chicago Booth School of Business ..
Eric Gleacher Professor of Finance at Booth School of Business at Uty of Chicago.
Was Chief Economist at IMF from 2003 to 2007.
At present is the Financial Advisor to the Prime Minister of India, Dr Manmohan Singh, another noted Economist.
Was among the first economists in the world to predict the global recession in 2005.
His recent book Fault Lines, Princeton Uty Press, 2010 is one of the best books on the lacunae facing the world even after it has climbed out of recession and warns the world to take note of the signs, else a more potentially devastating crisis befall it.
Raghuram places the onus more on the highly indebted American consumer to create demand and help power the economic revival of the world, post recession, as Germany, Japan and China prepare to export more and more goods.
A contender for the Nobel Economics prize along with Prof Jagdish Bhagwati from Uty of Columbia.