How Might the Pandemic Change the World Economy? [Kaushik Basu]

While policymakers around the world are in fire-fighting mode, trying to keep the economies in their charge running and the mysterious pandemic under control, the global terrain beneath our feet is shifting. Which countries will emerge as winners and losers in the new global landscape?

Professor Kaushik Basu, joins us to explore what the post-pandemic world may look like. As he envisions heightening tensions between labor interests and the interests of the capital-owning class he argues that a nation’s ultimate success will depend on how it manages this tension. Will the process of globalization witness a setback or will it surprise us by speeding up? The discussion will explore why it might indeed be the latter, and the new challenges that this will give rise to.

Dr. Kaushik Basu is the Carl Marks Professor of International Studies at Cornell University, the President of International Economic Association, and member of INET’s Commission on Global Economic Transformation. He was Chief Economist of the World Bank from 2012 to 2016 and has served as the Chief Economic Adviser to the Government of India. He is the author of several books, including Beyond the Invisible Hand: Groundwork for a New Economics.