Hyderabad|India|January'2010: Under the Distinguished lecture series, Dr. Arvind Subramanian, Senior Research Professor, John Hopkins University, USA gave a talk on “The New Global Imbalance after the Financial Crisis and the Appropriate Policy Responses” at Sir C V Raman Auditorium in the University campus on 4 January 2009.

Dr. Subramanian touched core issues which lead to the World Economic catastrophe since 1920 to present crisis. He cited; Lax Macro Economic policies in US, Lax regulatory policies in UK, Global Economic imbalances and also the Export fetish attitude of China as the proximate causes of the recent global economic crisis.

The model of Goldilocks Globalization constituting not too much Capital and not too much Exports followed by India has probably bailed out the country from huge crisis and suggested that cautious incremental model of what has been practicing so far with respect to monetary and fiscal policy, is the ideal model for the Indian Economy.

Prof. Y.V. Reddy, Former Governor, RBI, and Emeritus Professor at University of Hyderabad added that coordinated efforts of Political and financial set up of the nations will go a long way in correcting the Global Economic Scenario in the days ahead.

Prof. Seyed E. Hasnain, Vice Chancellor presided over the lecture, Prof. Nancharaiah, Dean, School of Social Sciences gave a brief introduction on the recently instituted School of Economics to the audience. Prof. J V M. Sharma, Head, Department of Economics introduced the Distinguished speaker to the audience and Dr. Vijay, faculty, Department of Economics proposed the vote of thanks.

Dr. Arvind Subramanian, is a Senior fellow jointly at the Peterson Institute for International Economics and the Center for Global Development and Senior research Professor at the Johns Hopkins University. He served as the assistant director in the Research Department of the International Monetary Fund. He is a prolific author and published several articles in prestigious journals in Economist, Financial Times, Wall Street Journal etc

Reachout's News Bureau
January' 2010