A generation ago, the so-called Washington Consensus laid out a series of do´s and don’t´s for policymakers around the world, and particularly in emerging and developing countries. The world has changed a great deal since 1989 and so has the collective wisdom on what sound policies look like.
Today, goals such as sustainability, equity and cohesion play a much bigger role in orienting policy design than they did in the 1980s. There is a growing sense that states should take a more proactive role in confronting all these challenges, but is also likely that many states lack the capacity to do the job well, and will need to be reformed and made fit for purpose. This panel brings together experts discussing key emerging priorities and challenges across a number of policy areas, reflecting on not just what these policy priorities are and why, but also on how they can be implemented.
Meet our speakers and chair
Pranab Bardhan is Distinguished Professor Emeritus of Economics at University of California, Berkeley. He was educated at Presidency College, Kolkata and Cambridge University, England. He had been at the faculty of MIT, Indian Statistical Institute and Delhi School of Economics before joining Berkeley. He has been Visiting Professor/Fellow at Trinity College, Cambridge, All Souls College and St. Catherine's College, Oxford, and the London School of Economicsand Political Science. He held the Distinguished Fulbright Siena Chair at the University of Siena, Italy in 2008-9. He was the BP Centennial Professor at London School of Economics for 2010 and 2011.
Diane Coyle (@DianeCoyle1859) is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is Cogs and Monsters: What Economics Is, and What It Should Be on how economics needs to change to keep pace with the twenty-first century and the digital economy.
Nicholas Stern (@lordstern1) is IG Patel Professor of Economics and Government, Co-Director of the India Observatory and Chair of the Grantham Research Institute at the London School of Economics and Political Science.
Leonard Wantchekon (@lwantchekon) is a James Madison Professor of Political Economy and Professor of Politics and International Affairs at the University of Princeton. Wantchekon has made substantive and methodological contributions to the fields of political economy, economic history and development economics, and has also contributed significantly to the literatures on clientelism and state capture, resource curse and democratization.
Minouche Shafik is President and Vice Chancellor of the London School of Economics and Political Science. She was previously a senior leader of the Bank of England, the International Monetary Fund, and the World Bank. She is an alumna of LSE. Her new book, What We Owe Each Other: A New Social Contract, is out now.
More about this event
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Podcast & Video
A podcast of this event is available to download from Shaping a 21st Century Policy Consensus.
A video of this event is available to watch at Shaping a 21st Century Policy Consensus.
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