Earlier in the day Nepal government had withdrawn the second Constitution Amendment Bill which was presented in the Parliament in November 2016
- Ekta Kapoor
- Rajkumar Rao
- Ram Kapoor
- Sakshi Tanwar
- Nimrat Kaur
- Nagesh Kukunoor
- Sameer Nair (Group CEO)
- Nachiket Pantvaidya (CEO ALT Digital)
- Manav Sethi (CMO ALT Balaji)
|Accountability Initiative at CPR is pleased to invite you to a talk on|
The Broken Ladder – The Paradox and the Potential of India’s One Billion
Tuesday, 18 April 2017, 11:30 a.m.
|Conference Hall, Centre for Policy Research|
|Image: Book Cover|
Despite becoming a global economic force, why does India win so few Olympic medals, and why do so many of its people live in conditions of poverty? Why have opportunities not become available more broadly? How can growing individuals assist with the task of building a growing economy?
In contrast to other investigations, which have taken a top-down view of developments in the country, Anirudh Krishna’s The Broken Ladder presents a ground-up view, delving into the lives of ordinary individuals. Through decades-long investigations conducted on the ground, living in villages and investigating slum communities, Krishna reveals the heartbreaking and eye–opening details of missed opportunities and immense, but untapped, talent that can and should be honed, with immense consequences for both growth and equity.
From presenting possible solutions to the problems of neediness and inequity, to mulling over ways of fixing inequalities of opportunity, the book gives us a comprehensive account of India’s development strategies.
Anirudh Krishna is the Edgar T. Thompson Professor of Public Policy and professor of political science at Duke University, USA. His research investigates how poor communities and individuals in developing countries cope with the structural and personal constraints that result in poverty and powerlessness. Recent books include The Broken Ladder: The Paradox and the Potential of India’s One-Billion (Penguin, India and Cambridge University Press, forthcoming); One Illness Away: Why People Become Poor and How they Escape Poverty (Oxford University Press, 2010); and Poverty, Participation and Democracy: A Global Perspective (Cambridge University Press, 2008). Before returning to academia, Krishna spent 14 years with the Indian Administrative Service, managing diverse rural and urban development initiatives. Current research concerns include social mobility, spatial inequality, democratic governance, and urban slums.
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The first lecture in a series on ‘Globalisation in Question’:
Is Dollar Hegemony Inevitable? Possibilities for Reform in the Global Reserve System
|Prof Anush Kapadia|
The global reserve system is dominated by a single currency, the US dollar, in which the vast bulk of global trade and finance is conducted. This currency hegemony gives the world’s only superpower the exorbitant privilege of having its own liabilities function as the global currency. Several scholars argue that the scale of this privilege help seed the financial crisis of 2007. Emerging markets poured their savings into dollar-denominated debt, creating a flood of cheap credit that lead to wild speculation and subsequent collapse. Since the crisis, several reform measures for this destabilising global reserve system have been suggested, with speculation on everything from a return to the gold standard, an elevation of the IMF’s Special Drawing Right (SDR), and the rise of the Chinese Renminbi being discussed. This lecture offers a systemic account of how the global reserve system works in order to evaluate these claims. It argues that that global currencies will continue to be nationally based, hence reforms will have to focus on international institutions capable of disciplining the (existing and/or rising) hegemon rather than creating new synthetic currencies like the SDR.
Prof Anush Kapadia teaches sociology in the Humanities and Social Sciences Department at the Indian Institute of Technology, Bombay. He has studied at Amherst College and Columbia University, having completed his doctoral thesis in anthropology in 2009. Prior to IIT Bombay, Prof. Kapadia taught at City University, London and Harvard University. His research focuses on the politics of financial systems, trying to understand how system-design choices are also political choices, and how these choices lead to macro-social outcomes such as growth or crises.