Date: August 13, 2009
Professor Banerjee is a graduate of the University of Delhi, India and received his doctorate in economics from the University of Oxford, United Kingdom, which he attended as a Rhodes Scholar. Prior to joining Haverford College, he was a senior staff member of the International Monetary Fund. He also previously taught at the University of Oxford for five years.
The major highlights of this seminar were:
Prof. Banerjee commenced his talk by emphasizing on understanding transition, a complete change in ideological, political, economic and social system that has passed away. He basically gave a framework for analyzing the respective transition and pointed towards the challenges in it: mainly the common elements that needed to be addressed in all transition countries. He then explained about Reform and Policy Strategies and the components of policy agenda in order to tackle macroeconomic imbalances. He further analyzed the outcomes during this transition, the reason of fall in outputs, the pattern of disinflation and lastly about the Geopolitical factor that played an important role from transition to integration.
Fundamentally Prof. Banerjee dealt with change. This change had economic, political and social influences and is of great curiosity to any manager who has to deal with so many dynamics of change and resistances in the process of creating outputs and not merely outlays.