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Raghuram G. Rajan

Raghuram G. Rajan

Writing for PS since 2003
95 commentaries
1 videos & podcasts

Raghuram G. Rajan, a former governor of the Reserve Bank of India and chief economist of the International Monetary Fund, is Professor of Finance at the University of Chicago Booth School of Business and the co-author (with Rohit Lamba) of Breaking the Mold: India’s Untraveled Path to Prosperity (Princeton University Press, 2024).

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  1. Trumponomics’ Exorbitant Burden
    rajan97_Douglas RissingGettyImages_us_dollar_treasury Douglas Rissing/Getty Images

    Trumponomics’ Exorbitant Burden

    Mar 11, 2025 Raghuram G. Rajan is unpersuaded by the argument made by presidential advisers for unilaterally restructuring global trade.

  2. Economic Development in a Protectionist World
    rajan96_Pallava BaglaCorbis via Getty Images_indiaengineer Pallava Bagla/Corbis via Getty Images

    Economic Development in a Protectionist World

    Jan 3, 2025 Raghuram G. Rajan thinks poorer countries should be exploring new growth models, regardless of whether a new trade war erupts.

  3. Reform or Irrelevance for the IMF?
    rogoff216_ SAUL LOEBAFP via Getty Images_imf Saul Loeb/AFP via Getty Images

    Reform or Irrelevance for the IMF?

    Oct 24, 2024 Raghuram G. Rajan explains how the world’s financial backstop must change if it is to remain effective.

  4. Industrial Policy’s Deceptive New Clothes
    rajan94_Arvind YadavHindustan Times via Getty Images_indiasemiconductor Arvind Yadav/Hindustan Times via Getty Images

    Industrial Policy’s Deceptive New Clothes

    Sep 9, 2024 Raghuram G. Rajan sees little reason to support the case for renewed government interventions in the private sector.

  5. Bracing for a More Inflationary World
    rajan93_cienpiesGetty Images_inflation cienpies/Getty Images

    Bracing for a More Inflationary World

    Jul 11, 2024 Raghuram G. Rajan thinks central banks will remain under pressure to maintain tighter policies over the medium term.

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  1. arezki21_Per-Anders PetterssonGetty Images_botswanadiamonds Per-Anders Pettersson/Getty Images
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    Developing Countries Need a New Strategy

    Rabah Arezki touts industrial policies that welcome multinational corporations' participation, but on fairer terms.
  2. slaughter109_Chip SomodevillaGetty Images_trump Chip Somodevilla/Getty Images
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    How the World Can Keep Trump 2.0 in Check

    Anne-Marie Slaughter outlines five steps that foreign entities should take to counteract the US president’s radical agenda.
  3. patten174_Chip SomodevillaGettyImages_trump_kennedy_center Chip Somodevilla/Getty Images
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    How Trumpism Ends

    Chris Patten urges current and former policymakers to speak out against the US president’s reckless policies.
  4. ozkirimli1_Dia ImagesGettyImages_erdogan_protests_speech Dia Images/Getty Images
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    Inside Turkey’s Executive Coup

    Umut Özkırımlı

    It is too soon to tell whether the current wave of popular anger and disillusionment in Turkey will evolve into a coherent movement capable of mounting a credible opposition to President Recep Tayyip Erdoğan. But one thing should be obvious to the main opposition party: When the game is rigged, the only hope is to flip the board.

     explains why popular resistance to the Erdoğan regime has sidelined the opposition parties.
  5. ahluwalia1_Sean GallupGettyImages_cop29 Sean Gallup/Getty Images
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    Can COP30 Succeed Where COP29 Failed?

    Montek Singh Ahluwalia says that the future of climate action depends on developed countries exceeding their financial pledges.
  6. campanella30_Brandon BellGetty Images_USchipplant Brandon Bell/Getty Images
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    America’s Many Chip Vulnerabilities

    Edoardo Campanella & John Haigh explain why the Trump administration is making a strategic mistake with its approach to semiconductors.
  7. wallach2_Frederic J. BrownGettyImages_us_port Frederic J. Brown/Getty Images
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    What Trump’s Tariff Critics Are Getting Wrong

    Lori Wallach laments the Democratic Party’s misguided criticism of a potentially effective policy tool.
  8. palacio167_Picture AllianceGettyImages_hydrogen_pipeline_germany Picture Alliance/Getty Images
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    Europe’s Security Depends on a European Energy Union

    Ana Palacio advocates a pragmatic approach to reviving the EU’s competitiveness and bolstering its strategic autonomy.
  9. kalemliozcan5_Burak KaraGettyImages_istanbul_protests Burak Kara/Getty Images
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    Authoritarianism Is Turkey’s Biggest Economic Risk

    Şebnem Kalemli-Özcan

    More than just a popular mayor, Ekrem İmamoğlu is a national symbol of the political pluralism and democratic possibility that Turkish President Recep Tayyip Erdoğan has sought to quash. Given the precarious state of the Turkish economy, his sudden arrest and imprisonment may prove to be the last straw.

     believes the current mass protests are about more than the arrest of the country’s leading opposition figure.

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