World Bank Chief Economist Kaushik Basu on Global Development

Developing countries with abundant labor forces that maximize new technologies are most likely to experience rapid economic growth, Kaushik Basu, chief economist and senior vice president of the World Bank, said Feb. 10 at a lecture at Georgetown.

[shabnamhaque]

30:00 Solow model and the neoclassical theory of growth
32:00 the India growth story
33:00 the economic reforms of '91
34:40 first reform
43:00 40 and 60
46:50 poverty and inequality
49:10 anti poverty policy, food distribution systems
58:00 John Nash equilibrium and stagnant situation
1:26:00 disinvesting and inequality

[dreamworld]

40% sounds funny when he says it... 40% 40% 40%