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Tag Archives: Kaushik Basu

The approaching debt wave

The World Bank has just warned that a fourth debt wave could dwarf previous ones and hit emerging economies hard COMMENT | KAUSHIK BASU | Over the last decade, the world economy has experienced a steady build-up of debt, now amounting to 230% of global GDP. The last three waves …

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The case for a global constitution

Given the extent of globalisation’s progress we cannot simply stay in our lane and hope for the best. Project Syndicate | KAUSHIK BASU | In my book `The Republic of Beliefs: A New Approach to Law and Economics’, I was eager to demonstrate how the methods that have emerged from …

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COMMENT: Why is democracy faltering?

Far-right politicians like Trump and Bolsonaro have exploited frustration-fanned anger, tribalism COMMENT | KAUSHIK BASU | Jair Bolsonaro, the president-elect of Brazil, is a far-right, gun-loving, media-baiting hyper-nationalist. The fact that he would be right at home among many of today’s global leaders – including the leaders of some of the …

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COMMENT: Inequality in the 21st century

INEQUALITY: Unless it is confronted, social cohesion and democracy itself will come under growing threat  COMMENT | Kaushik Basu | At the end of a low and dishonest year, reminiscent of the “low, dishonest decade” about which W.H. Auden wrote in his poem “September 1, 1939,” the world’s “clever hopes” are …

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COMMENT: Evidence-based policy mistakes

It is important to recognise that data alone are not enough, common sense matters COMMENT | KAUSHIK BASU | After years of stressing the importance of evidence-based policymaking, economists have clearly had some influence on politicians. What economists now need to do is to impress upon those same politicians that citing …

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