Kaushik Basu

Kaushik Basu

Chief Economist and Senior Vice President of the World Bank, Development Economics and Chief Economist

Kaushik Basu is the Chief Economist and Senior Vice President of the World Bank.

Prior to joining the World Bank, he served as Chief Economic Adviser to the Government of India and is currently on leave from Cornell University where he is Professor of Economics and the C. Marks Professor of International Studies.

Mr. Basu is a Fellow of the Econometric Society and received the title Padma Bhushan which is one of the highest civilian awards given by the President of India.  Mr. Basu’s contributions span development economics, welfare economics, industrial organization and game theory.

In addition to Cornell, he has taught at the Delhi School of Economics, Harvard, Princeton and MIT.  He has published widely in academic journals, and has contributed articles to many widely read magazines and newspapersHe has written several books including ‘Beyond the Invisible Hand: Groundwork for a New Economics’ (Princeton University Press and Penguin); and ‘An Economist in the Real World: the Art of Policymaking in India’ (MIT Press).

Mr. Basu holds a PhD in economics from the London School of Economics. He has received honorary doctorates from several institutes, including IIT, Mumbai, and Fordham University, New York.

Mr. Basu is currently President-Elect of the International Economic Association and will take over as President from 2017.  

  • Events and Views

  • Opening Remarks, Jun 8, 2016, The State of Economics, The State of the World, World Bank
  • Commencement Keynote Speech: Jun 18, 2016, Thomas Jefferson High School for Science and Technology, Graduation Ceremony
  • Opening Statement, Apr 13, 2016, Chief Economists Roundtable: Growth & Inclusion in Turbulent Times, World Bank
  • Lecture: Mar 15, 2016, Shared Prosperity, Chr. Michelsen Institute.
  • Lecture: Sept 27, 2015, Development in the Digital Age, UN General Assembly, New York
  • Event: Jul 13, 2015, The Future of the U.S.-India Partnership: Ten Years After the Civil Nuclear Cooperation Initiative, Carnegie Endowment for International Peace,
  • Event: Apr 25, 2015, Cornell & Global Poverty Reduction: Philanthropy, Policy and Scholarship, Cornell University
  • Roundtable: Apr 20, 2015, The Global Future of Development: Lessons Learned and Paths Forward , World Bank-Georgetown University Joint Event
  • Lecture: Apr 13, 2015, Why Are Laws So Poorly Implemented? From Policymaking in India to Models of Law and Economics, University of Chicago
  • Lecture: Apr 7, 2015, Development Economics: The Big Open Questions, Georgetown University
  • Video blog: Mar 26, 2015, Malaysia’s rapidly developing economy
  • Lecture: Mar 3, 2015, Amartya Sen Lecture on 'Law, London School of Economics
  • Interview: Feb 17, 2015, The Global Economy and Emerging Market Trends, Georgetown Public Policy Review
  • Lecture: Feb 10, 2015, Global Economic Development: What the Trends Portend, Georgetown University
  • Interview: Feb 3, 2015, Big and small ideas in development economics: Theory, evidence and practice, Ideas for India
  • Op-ed: Jan 30, 2015, The business of honesty: It’s corporations rather than government that can really help fight corruption, The Times of India
  • Op-Ed: Jan 23, 2015, The State of Global Poverty, Project Syndicate
  • Video: Sept 11, 2014, Kaushik Basu Interviewed by Ken Rogoff, Annual Meeting of the New Champions 2014, World Economic Forum, Tianjin, People's Republic of China
  • Video: Sept 4, 2014, The Origin and Impact of the Global Financial Crisis on Poverty and Capability in the Eurozone, HDCA Conference, Athens, Greece.
  • Video: June 29, 2014, Institutions, Law and Development, UNU WIDER International Development Conference, Hanoi, Vietnam
  • Opening Remarks: June 2, 2014, Development Economics and Method: A Quarter Century of ABCDE, ABCDE 2014, Washington, D.C.
  • Op-ed: Jan 5, 2014, The Fear of “L”, Project Syndicate.
  • 5-lecture Course: January, 2014, Introduction to Game Theory and Strategic Thinking, George Washington University.
  • Op-ed: Oct 7, 2013, Reason and the End of Poverty, Project Syndicate.
  • Address (Transcript): Aug 10, 2013, Conferment of Doctor of Literature (Honoris Causa) by Indian Institute of Technology Bombay, Mumbai, India.
  • Video Interview: May 31, 2013, Emerging Economies and the Global Crisis, festival ECONOMIA trento, Trento, Italy.
  • Lecture: May 31, 2013, Emerging Nations and the Evolving Global Economy, festival ECONOMIA trento, Trento, Italy.
  • Address: May 19, 2013, A Paean to Reason and Empathy (Transcript), Fordham University, New York.
  • Op-ed: Apr 23, 2013, Two Policy Prescriptions for the Global Crisis, Project Syndicate.
  • Op-ed: Dec 31, 2012, The Emerging Economies’ Eurozone Crisis, Project Syndicate.
  • Op-ed: Sep 21, 2010, Prescription Financial Products, Project Syndicate.
Media Queries and Interviews
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  • Global Economy
  • Social Protection and Labor
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