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LSE Asia Forum in New Delhi, 7 December 2006

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LSE Asia ForumThe London School of Economics and Political Science (LSE) hosted the third LSE Asia Forum in the Taj Palace Hotel, New Delhi, India, today (7 December 2006).

The Forum, which honoured the late IG Patel, former governor of the Reserve Bank of India and former director of LSE, focused on 'Challenging Globalisation - Reform, Governance and Society'. It aimed to investigate the challenges of configuring organisations, public policies and social institutions so as to achieve a sustainable balance between the social, political and economic opportunities offered by globalisation. An honorary fellow of LSE, Dr IG Patel was LSE's ninth director from 1984-90.

The Forum in New Delhi was opened by Prime Minister Manmohan Singh, who addressed the overall conference theme in his keynote speech. Click here to read the prime minister's address|. This was followed by three sessions, each investigating one of the three core themes of the Forum: reform, governance and society.

Each session was led by an LSE academic speaker and included contributions from Lord Meghnad Desai, professor emeritus of economics, LSE; Sheila Dikshit, chief minister of Delhi; and Sir Nicholas Stern, second permanent secretary to the UK Treasury and former chief economist and senior vice-president of the World Bank.

Dr Razeen Sally|, head of LSE's International Trade Policy Unit, Professor Danny Quah|, head of LSE's Department of Economics, and Professor Robert Wade|, DESTIN, also led and contributed to the discussions. Howard Davies|, Director of LSE, also spoke at the opening and will close the Forum.

Each of the three panel sessions addressed a core theme of the Forum:

  • Session I - Reforming Infrastructure - Private Entrepreneurship and Public Goods
  • Session II - Governing Trade - International Trade Policy and Local Development
  • Session III - Moderating Society - International Relations and Global Crises.

This year's Forum was held in India to renew and develop LSE's strong links with Indian academic institutions, government and corporate bodies, as well as to exchange knowledge and contribute to broader policy issues. LSE hopes to build strong relationships with the corporate sector in order to benefit from their knowledge and expertise of India and regional markets and to collaborate on joint research and policy development.

Prior to this event, there was also a roundtable forum for Indian media leaders| hosted by LSE's new journalism and society think-tank, POLIS, in New Delhi on Wednesday 6 December.

LSE hosted the Forum in association with a number of long term institutional LSE partners including the Reserve Bank of India, Tata Sons Ltd, Standard Chartered Bank, and the Confederation of Indian Industry.

For more information on LSE and India, please see www.lse.ac.uk/india| 

Ends

Contacts

Note to editors

LSE is a world class centre for its concentration of teaching and research across the full range of the social, political and economic sciences. With students from 140 countries around the world, it seeks to develop intellectual and academic links internationally. LSE has around 220 students from India, and many more from the rest of Asia, who form a significant part of its student body of around 8,000 undergraduate and postgraduate students.

The LSE Asia Forum is an annual event bringing together LSE's key partners in the region. LSE has a long-standing association with Asia and has historically attracted very talented students and staff from all major Asian countries, and has been active in building partnerships with business and governments for many years. LSE has been at the forefront of the analysis of globalisation and is the alma mater of many public leaders in Asia.

Press cuttings

BBC World Service (7 Feb 07)
Danny Quah appeared on the programme, discussing the subject of his presentation at the Asia Forum, entitled The world cannot be just flat, it should be a straight line.
http://econ.lse.ac.uk/staff/dquah/p/2007.02-dq-BBCws-letter.mp3| (click here to listen, approx 4mins) 

Hindu Business Line
Schooling dissent in the world of conformity (19 Jan 07)
A feature on LSE and the Asia Forum, which took place in December. 

Business Today, India
LSE Forum held in Delhi (30 Dec 06)
The third London School of Economics Asia Forum was held in Delhi on 7 December and was attended by more than 600 alumni members from across the globe.

Calcutta Telegraph
IT and Growth
(19 Dec 06)
Observers have often blamed the Indian information technology industry for working for the world but neglecting India; its domestic revenue has not exceeded 15 per cent of the total in any year. It is hardly known that India had been getting its IT services cheap. It took Mr Nandan Nilekani, the chief of Infosys, to point out, at the London School of Economics Asia conference, how much the current boom owed to the IT industry.
http://www.telegraphindia.com/1061220/asp/opinion/story_7154416.asp| 

Huliq.com
LSE Asia Forum in New Delhi, 7 December 2006 (19 Dec 06)
http://www.huliq.com/2336/lse-asia-forum-in-new-delhi-7-december-2006|

Business Day
LSE forum held in Delhi (19 Dec 06)
The third London School of Economics Asia Forum was held in Delhi on 7 December and was attended by more than 600 alumni members from across the globe.

Economic Times, India
Viva la conferences
(17 Dec 06)
The World Economic Forum's three-day India Summit was attended by an unprecedented number of 650 delegates, the overseas visitors outnumbering Indians two to one. It was followed almost immediately after by the London School of Economics' Asia Forum whose day-long pow-wow, the first to be held in India, was only the third such meeting in Asia, after Bangkok and Hong Kong.
http://economictimes.indiatimes.com/articleshow/825386.cms| 

Indian Express
PM unrolls 5-pt plan for next 10 yrs
(17 Dec 06)
The list of challenges for India comes just a week after Singh, speaking at the London School of Economics forum, said that there needed to be more research to establish the benefits of free movement of labour, keeping in mind India's strength in the knowledge economy. http://www.indianexpress.com/story/18845.html| 

Manila Standard Today, Philippines
Getting to know Prime Minister Manmohan Singh
(13 Dec 06)
'If every consumer in India and in China totalling up to almost three billion, want to live like the people in San Francisco, Stockholm or Singapore, can they afford to? If not, how do we alter lifestyles and consumption patterns so that the growth process is sustainable in a more globalized world?' Manmohan Singh, 8 December at the London School of Economics Asia Forum in New Delhi.
http://www.manilastandardtoday.com/?page=goodLife4_dec14_2006| 

Desicritics.org, India
India: Challenge and Opportunity of a Lifetime (13 Dec 06)
Comment about the LSA Asia Forum, in India last week.
http://desicritics.org/2006/12/13/073328.php| 

Calcutta Telegraph
China Model (12 Dec 06)
It was no surprise that at the Asia Forum held by the London School of Economics in Delhi last Thursday, Mr Sun Yu Xi, the Chinese ambassador, was asked what India could learn from the Chinese special economic zones. http://www.telegraphindia.com/1061212/asp/opinion/story_7125667.asp| 

The Age, Australia
UK climate guru set to walk out (11 Dec 06)
Sir Nicholas, 60, will leave [the Treasury] in March to take a chair at the London School of Economics. http://www.theage.com.au/news/world/uk-climate-guru-set-to|
-walk-out/2006/12/08/1165081152850.html|  Also in

Freshinfo

Times of India
LSE plans to set up research centre in India (11 Dec 06)
The London School of Economics has an India connection which is not known to many. In 1912, industrialist Sir Ratan Tata donated a huge sum of money to the LSE to fund research on the causes of poverty and ways to alleviate it.
http://timesofindia.indiatimes.com/LSE_to_set_up_research_|
centre_in_India/articleshow/748240.cms| 

Gulf Times, Qatar
Rise of Asia to alter global balance: PM (11 Dec 06)
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&|
item_no=121451&version=1&template_id=40&parent_id=22| 

Business Standard, India
Brace for Asia's rise: PM to West (11 Dec 06)

Financial Times
Sir Nicholas takes new LSE chair
(7 Feb 06)
http://www.ft.com/cms/s/970ca80c-8662-11db-86d5-0000779e2340.html| 

The Guardian
Environment: Climate change guru Stern becomes a professor (7 Dec 06) 

Stern to step down 

Telugu Portal
Nicholas Stern to head Indian Observatory at LSE (6 Dec 06) 

The Times
Climate change author quits Treasury after Brown freezes him out (6 Dec 06) 

Business Standard, India
IG patel chair at London School of Economics  (6 Dec 06) 

PR Newswire
Sir Nicholas Stern  (6 Dec 06) 

Reuters
Environment study author Stern to become professor  (6 Dec 06)

Reuters
India ahead of many in adapting to global warming  (6 Dec 06)
According to a report on the economics of climate change by former World Bank chief economist Nicholas Stern published in October, mitigation by reducing emissions is not enough. Stern, head of Britain's government economic service but due to step down to become a professor at the London School of Economics, said that even if emissions stabilise by 2035, countries need to adapt to irreversible climatic changes. 

ZeeNews, India
Accept rise of India, China: PM asks West  (6 Dec 06)
Addressing the London School of Economics Asia Forum here, Prime Minister Manmohan Singh said restructuring of United Nations and UN Security Council was as important as reforms in global trading regime. 

Hindustan Times
SBI IPOs in next financial year 
(6 Dec 06)
The State Bank of India (SBI) is getting ready to mobilise equity funds through a public offer in the next financial year. 'For raising tier-1 capital, we are awaiting approval of the amendments to the SBI Act. We will not be able to do so before the next financial year,' SBI Chairman OP Bhat told reporters on the sidelines of the London School of Economics Asia Forum conference in the capital on Thursday. 

Money Control
SBI plans domestic float next year to fund growth  (6 Dec 06)
SBI plans to tap the domestic capital market next fiscal to fund its business growth, according to the Chairman, Mr OP Bhatt. Speaking to newspersons on the sidelines of the third Asia Forum, organised by the London School of Economics, Mr Bhatt said that the bank was awaiting Parliamentary nod to the proposed amendments in the State Bank of India Act before it goes about raising more tier-I capital.
http://www.moneycontrol.com/india/news/business/sbiopbhatt/|
sbiplansdomesticfloatnextyeartofundgrowth/market/stocks/article/255286| 

The Hindu
SBI likely to tap market next fiscal  (6 Dec 06)
http://www.hindu.com/2006/12/08/stories/2006120805251800.htm| 

Times of India
Nicholas Stern set to resume his India study
(7 Dec 06)
British economist Nicholas Stern will return to India to study the economy and society in Palanpur village in Uttar Pradesh. LSE director, Howard Davies said Stern would return to study rural Indian economy under a new research programme called Indian Observatory of the London School of Economics and Political Science.  http://timesofindia.indiatimes.com/NEWS/India_Business/Nicholas_|
Stern_set_to_resume_his_India_study/articleshow/733437.cms|  

Press Information Bureau, India
PM's address at LSE Asia Forum conference in memory of Dr IG Patel (7 Dec 06)
The Prime Minister, Dr Manmohan Singh, inaugurated a Conference of the London School of Economics Asia Forum in memory of Dr IG Patel, here today. Click link for full speech.
http://pib.nic.in/release/release.asp?relid=22902| 

The Hindu News
SBI may enter equity market to raise Tier I capital (7 Dec 06)
State Bank of India today also entered into a memorandum of understanding with the Reserve Bank and LSE to establish an IG Patel Chair and an LSE India Observatory. The new Chair is named after I G Patel, the former governor of RBI, who was also the ninth director of LSE. The MoU was signed by LSE Director Howard Davies, Reserve Bank of India Governor YV Reddy and SBI Chairman OP Bhat. 

Rediff News, India
'West must accept consequences of the rise of Asia' (7 Dec 06)
Prime Minister Manmohan Singh, who will travel to The Philippines for the ASEAN Summit next week, inaugurated the third London School of Economics Asia Forum at the Taj Palace Hotel, New Delhi, on 7 December. http://inhome.rediff.com/money/2006/dec/07pm.htm| 

Business Standard
PM says West must accept rise of India, China
(7 Dec 06)
The West ought to come to terms with the rise of India and China, Prime Minister Manmohan Singh today asked global institutions to evolve and change for accommodating the new reality in the multilateral framework. Restructuring of United Nations and UN Security Council is as important as reforms in global trading regime, the prime minister said at the London School of Economics Asia Forum here. 

Telugu Portal, India
Rise of India, China will alter global income balance: PM
(7 Dec 06)
Prime Minister Manmohan Singh said while there were ample studies on the benefits of free movement of goods and investment, the same was not true for professionals where India has an edge. 'There are many questions pertaining to the globalisation of lifestyles and its consequences for consumption, and their impact on the world environment,' the prime minister said at the London School of Economics Asia Forum here. 

Domain-B, India
London School of Economics' Asia forum to be held in New Delhi (1 Dec 06)
The London School of Economics and Political Science (LSE) will host the Third LSE Asia Forum 2006 on 7 December 2006, in New Delhi. The Forum, which will honour the late IG Patel, former governor of the Reserve Bank of India and former director of LSE, will focus on the theme, Challenging Globalisation - Reform, Governance and Society.
http://www.domain-b.com/management/general/20061201_forum.html| 

The Times of India
Asian trade needs coalitions of the willing
(22 November)
Article by Razeen Sally, senior lecturer in international political economy at the School. 

Media Newswire
LSE Asia Forum in New Delhi, 7 December 2006 (15 Nov 06)
The London School of Economics and Political Science (LSE) will host the third LSE Asia Forum in the Taj Palace Hotel, New Delhi, India on 7 December 2006.
http://media-newswire.com/release_1039417.html| 

The Times of India (31 October)
The future of central banking
Article by Howard Davies, LSE director. 

7 December 2006

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