Sir Nicholas Stern formally becomes the first holder of the IG Patel Chair at the London School of Economics and Political Science on Monday 11 June.
He will head a new India Observatory within LSE's Asia Research Centre, be director of the LSE Asia Research Centre and will also contribute to climate change research at the School.
The new Chair is named after Dr IG Patel, the distinguished former governor of the Reserve Bank of India who was the ninth director of LSE between 1984 and 1990. Dr Patel died in July 2005. The IG Patel Chair is supported by the Reserve Bank of India and the State Bank of India.
The announcement of the appointment of Sir Nicholas to this new role was made in December 2006 when Sir Nicholas attended LSE's Asia Forum in India in his capacity as head of the UK Government Economic Service, a position he held from October 2003.
Sir Nicholas said: 'I am delighted to be coming back to LSE. IG Patel first gave me the opportunity to work at LSE, and it is a great honour to hold the Chair in his name. His friendship and guidance were cherished by all who knew him. Research on Asia and on economic development has been at the heart of my academic life. I am pleased to be able to continue this work and to develop and deepen the relationship between the LSE and India.'
Howard Davies, Director of LSE, said: 'We look forward to welcoming Nick Stern back to LSE. We are proud that he has agreed to honour Dr IG Patel's memory by taking up this Chair and directorship of the new India Observatory. His involvement as head of the Observatory and of our Asia Research Centre will enhance the School's reputation, take forward its work on Asia and continue the intellectual and political dialogue there has been between LSE and India for many years.'
Contact Judith Higgin, LSE Press Office, 020 7955 7582, email: email@example.com
After starting his teaching career at Oxford, Nick Stern went on to hold chairs at Warwick University and the Sir John Hicks Professor of Economics chair at LSE (1986-94), before becoming chief economist and special counsellor to the president at the European Bank for Reconstruction and Development (1994-99); then chief economist and senior vice president of the World Bank (2000-03). He was also director of policy and research for the Commission for Africa which reported in March 2005.
He has also taught and researched at the Massachusetts Institute of Technology, and in France, India, China and Japan and at the International Monetary Fund. His books include works on economic development, public finance, tax reform, the theory of economic growth, and the role of the state. He recently led a Review of the Economics of Climate Change which was published in October 2006.
The IG Patel Chair will hold the directorship of the LSE India Observatory, a dedicated research unit based at LSE's Asia Research Centre. The Chair and Observatory will be associated with the Departments of Economics and Government. The IG Patel Chair will also lead the Asia Research Centre.
The Asia Research Centre at LSE was co-founded by Professor Lord Meghnad Desai. Prime minister Manmohan Singh is an honorary fellow of the Centre. The Centre provides a platform for all Asia-related research and advises and consults with a wide range of national and international bodies on issues of international development, infrastructure and economic policy.
The Asia Research Centre has a long-standing research focus on India. Among a range of other sponsors, the Sir Ratan Tata Trust has been a supporter of the Centre for over a decade, generously providing funding for talented young Indian post-doctoral fellows to consolidate their research at the LSE in an international setting.
Building on these existing linkages, the LSE now expects the India Observatory to play a key role in progressing academic partnerships with India, to foster Indian academic talent, to promote a vibrant intellectual engagement between the UK, Europe and India, and to participate in wider international research networks with partners in Asia and beyond, as well as facilitating research training and graduate exchange. See www.lse.ac.uk/india
6 June 2007