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Kaushik Basu

Kaushik Basu

Writing for PS since 2002
95 commentaries

Kaushik Basu, a former chief economist of the World Bank and chief economic adviser to the Government of India, is Professor of Economics at Cornell University and a non-resident senior fellow at the Brookings Institution.

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  1. Whither India?
    basu95_PRAKASH SINGHAFP via Getty Images_indiapoverty Prakash Singh/AFP via Getty Images

    Whither India?

    Aug 31, 2023 Kaushik Basu worries that cronyism and religious nationalism are jeopardizing the country’s future.

  2. NATO’s Ukraine Tightrope
    basu94_Artur WidakNurPhoto via Getty Images_ukrainenato Artur Widak/NurPhoto via Getty Images

    NATO’s Ukraine Tightrope

    Jul 17, 2023 Kaushik Basu highlights the need to reassess the alliance’s strategy in light of the threat posed by a weakened Kremlin.

  3. A World of Cronyism and Corruption
    basu93_sesameGetty Images_corruptionbribe sesame/Getty Images

    A World of Cronyism and Corruption

    Jul 3, 2023 Kaushik Basu explores the incentive structures that drive political leaders to embrace what they promised to fight.

  4. Governing the Unknown
    basu92_Win McNameeGetty Images_samaltmanopenaisenate Win McNamee/Getty Images

    Governing the Unknown

    Jun 1, 2023 Kaushik Basu suggests a few principles to guide policymakers as they try to keep up with rapidly advancing technologies.

  5. Can the Global Economy Avoid a Lost Decade?
    basu91_Celal GunesAnadolu Agency via Getty Images_IMFworldbank Celal Gunes/Anadolu Agency via Getty Images

    Can the Global Economy Avoid a Lost Decade?

    May 3, 2023 Kaushik Basu explains why the coming global downturn will be more challenging than previously expected.

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  1. khrushcheva171_MIKHAIL METZELPOOLAFP via Getty Images_putinkim Mikhail Metzel/Pool/AFP via Getty Images
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    Putin and Kim’s Cartoon Summit

    Nina L. Khrushcheva thinks that Russia's recent meeting with North Korea was intended primarily as a warning to the South.
  2. haykel18_MANDEL NGANAFP via Getty Images_mbs Mandel Ngan/AFP via Getty Images
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    Saudi Arabia’s New Nationalism

    Bernard Haykel explains the reasoning behind the Kingdom's ongoing domestic- and foreign-policy transformation.
  3. wagner22_Lukas SchulzeGetty Images_pollution Lukas Schulze/Getty Images
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    The Green Growth Mindset

    Gernot Wagner sees doctrinaire debates about capitalism as irrelevant or even deleterious to the decarbonization effort.
  4. mallochbrown17_GIANLUIGI GUERCIAAFP via Getty Images_africawomenpolitics Gianluigi Guercia/AFP via Getty Images
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    Africa Is the Future of Multilateralism

    Mark Malloch-Brown explains why the continent should be at the forefront of efforts to bring about international reforms.
  5. op_yi2_PEDRO PARDOAFP via Getty Images_chinahousing Pedro Pardo/AFP via Getty Images
    2

    A Chinese Bubble Long in the Making

    Yi Fuxian

    The Chinese government is very good at covering up small problems, but these often pile up into much bigger ones that can no longer be ignored. The current real-estate bubble is a case in point, casting serious doubts not just on the wisdom of past policies but also on China's long-term economic future.

     traces the long roots of the country's mounting economic and financial problems.
  6. bp industrial policy Photo by Scott Olson/Getty Images
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    Industrial Policy Is Back

    From semiconductors to electric vehicles, governments are identifying the strategic industries of the future and intervening to support them – abandoning decades of neoliberal orthodoxy in the process. Are industrial policies the key to tackling twenty-first-century economic challenges or a recipe for market distortions and lower efficiency?

  7. fischer208_DrAfter123Getty Images_AIhuman DrAfter123/Getty Images
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    Is AI a Master or Slave?

    Joschka Fischer wonders whether humanity can even hope to maintain control in an era of “mega-crisis.”
  8. haldar25_BettmannGetty Images_friedmanreagan Bettmann/Getty Images
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    Laying Chicago Economics to Rest

    Antara Haldar

    From breakthroughs in behavioral economics to mounting evidence in the real world, there is good reason to think that the economic orthodoxy of the past 50 years now has one foot in the grave. The question is whether the mainstream economics profession has gotten the memo.

     looks back on 50 years of neoclassical economic orthodoxy and the damage it has wrought.
  9. delong254_ Samuel CorumGetty Images_january6riot Samuel Corum/Getty Images
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    America’s Broken Civic Bargain

    J. Bradford DeLong worries that Republicans have abandoned one of the core principles that sustains a democracy over time.

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