good to say that u r against protectionism of any kind. and considering the fact that u r the preachers in the developing countries, u r quite right. But, do u hold the same standards as far the protectionism in the developed world is concerned. we have serious doubts. take the agriculture sector or the airline industry of the Eurpoean economies in perspective. and the bigger question is "would they EVER listen to U?"
It is a very informative interview which clarifies the myths about IMF. It also gives an insight and the working of this org. As a person he is positive and clear in his approach on issues like safety-net to individuals. Raghuram Rajan,All the best as a Chief Economist,hope you and your thoughts become role model to the entire world sivaram
I am very happy that an Indian is going to be the chief economist at the IMF. The interview was very perceptive. It couldn't have been otherwise with RR's wit and calibre.
RE:RR's interview
by Priya on Jul 07, 2003 06:18 PM
I share your happiness even though I feel it is misplaced. This gentleman has considerable achievements, most of which are academic. As such I feel if he gets nominated some time in the future for the Nobel in Economics, I would consider it a consummation of his work done upto now.
IMF however is not a theoretical or academic body. Its avowed purpose is to support the economic order aka support the hegemony of the prosperous nations. In addition, Prof Rajan has not had any work experience in India. I am not clear how he can be of help to India. The other thing that bothers me is that the present government in India has a vision only in the religious sphere, nothing at all in the economic arena. It is not as though Prof Rajan's vision, of unfettered 'responsible' tariff free capitalism, is of a piece with the current Indian government's vision. So whether the Indian government can make real use of an Indian in a top slot in the IMF is questionable.
We may be happy but it is just ethnic pride. But I would like to wish him the best.
RRs indepth knowledge of Indian economics is appreciable. I appreciate for the openness in which the models has been portrayed instead of the usual, US model is the best attitude.