Kaushik Basu, chief economist and senior vice president of
the World Bank, delivered the first of two lectures on Feb. 10 as part of a semester-long
conversation on “The Global Future of Development” through Georgetown’s Global Futures Initiative.
In the first lecture, Basu outlined the challenge of
economic development in today’s world, drawing on long-term trends and
contemporary risks, and included an explanation of the World Bank Group’s goals to end poverty and promote
The talk was webcast live at georgetown.edu
“Our partnership with the World Bank Group is generating a
sustained dialogue around the practical and ethical dimensions of global
development,” said Thomas Banchoff, vice president for global engagement.
Georgetown’s Global Futures
Initiative is designed to address critical issues facing our world by inviting
members of our community over the next two years to engage with global leaders
in the public sector, business, and civil society, and to take up innovative
teaching and research agendas.
A Global Futures
blog, featuring insights from 40 students,
faculty and practitioners around the world, help made the spring 2015 conversation
about “The Global Future of Development” truly global, Banchoff says.
Basu is the second World Bank chief economist who
comes from a developing country and the first from India.
Prior to his position with the World Bank, he
served as chief economic advisor to the Government of India. On leave from Cornell
University, where he is a professor of economics and the C. Marks Professor of
International Studies, Basu has a diverse and distinguished career. He is a
Fellow of the Econometric Society and received one of India’s highest honors,
the Padma Bhushan award, as well as the National Mahalanobis Memorial award for
Basu’s contributions to the field span development
economics, welfare economics, industrial organization and game theory. He
has taught at the Delhi School of Economics, Harvard, Princeton and MIT. He
holds a PhD in economics from the London School of Economics.
World Bank Group President Jim Yong Kim spoke at a
Georgetown on global pandemics on Jan. 27 for the inaugural Global Futures talk, and will give a
second lecture on March 18 on climate change.
Basu’s second lecture at
Georgetown, on ‘Development Economics; The Big Open Questions,’ took place
on April 7.