AUTHOR'S BIO
Kaushik Basu
Kaushik Basu is Chief Economic Adviser, Ministry of Finance, Government of India, and Professor of Economics and Professor of International Studies, Cornell University.
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Prescription Financial Products
Kaushik Basu Series: Frontiers of Growth 2010-09-21One positive fallout of the financial crisis of 2007-201? is our realization that financial products can be as complex and dangerous as drugs. But, if that's true, shouldn't we require a prescription for buyers of certain financial products?... read Comments: 0 Recommended: 0 Read: 12989
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The Politics of Business Outsourcing
Kaushik Basu Series: The Asian Century 2004-02-06Several years ago in Delhi, I called a pest control firm to treat my apartment for termites. A South Indian gentleman with a pleasing smile arrived with canisters of chemicals and a large syringe. ... read Comments: 0 Recommended: 0 Read: 19253
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Playing at Democracy
Kaushik Basu Series: Human Rights 2003-11-14In Calcutta, when some younger kid came along and insisted on joining the game my friends were playing, we would let the new kid in, but only after whispering into each other's ears the words, elé belé . An elé belé is a player who thinks he is participating but, in truth, is merely going through the motions. Everybody knew that a goal scored by him was not a real goal. ... read Comments: 0 Recommended: 0 Read: 9338
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The Retreat of Global Democracy
Kaushik Basu Series: The Worldly Philosophers 2002-04-29A nasty, unintended side-effect of globalization is its corrosive effect on democracy. Even if individual countries are becoming more democratic, it seems, the sum of global democracy is shrinking thanks in no small part to globalization. ... read Comments: 0 Recommended: 0 Read: 11880
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Trade and the Third World
Kaushik Basu Series: Frontiers of Growth 2002-03-27Hypocrisy and trade-talk go together, as America's decision to impose tariffs on imported steel shows. Although that action is expected to be judged illegal by the World Trade Organization (WTO), developing countries remain wary. Historically, they (India prominent among them) argued that the WTO is a tool of rich countries and so resisted much of what it sought to do. Indeed, before the WTO ministerial meeting in Doha earlier this year, India's line was to oppose the launch of a new trade round, resist further trade liberalization in industrial goods, and oppose the use of trade sanctions to punish countries that fail to meet minimal labor standards. ... read Comments: 0 Recommended: 0 Read: 10911
