In a discussion of what needs to be done for the world's bottom billion living at the poverty line, Jairam Ramesh, Minister of Rural Development for India, joins Dr. Abhijit Banerjee of MIT and Niranjan Rajadhyaksha of Mint.
Jairam Ramesh, Hon. Minister of Rural Development, Government of India
Dr. Abhijit Banerjee, Ford Foundation International Professor of Economics, MIT
Chair: Niranjan Rajadhyaksha, Managing Editor, Mint
Abhijit Vinayak Banerjee
Abhijit Vinayak Banerjee was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the MIT. In 2003 he founded the Abdul Latif Jameel Poverty Action Lab, along with Esther Duflo and Sendhil Mullainathan, and remains one of the directors of the lab. Banerjee is a past president of the Bureau for the Research in the Economic Analysis of Development, a Research Associate of the NBER, a CEPR research fellow, International Research Fellow of the Kiel Institute, a fellow of the American Academy of Arts and Sciences and the Econometric Society and has been a Guggenheim Fellow and an Alfred P. Sloan Fellow. J-PAL received the inaugural BBVA Frontiers of Knowledge Award for world-class research, and Professor Banerjee received the Infosys Prize 2009 in Social Sciences and Economics. In 2011, he was named one of Foreign Policy magazine's top 100 global thinkers. He has authored many articles and books, including Poor Economics (www.pooreconomics.com) which won the Goldman Sachs Business Book of the Year, and he finished his first documentary film, "The Name of the Disease," in 2006.
Jairam Ramesh is an Indian economist and politician belonging from Indian National Congress in the United Progressive Alliance (UPA) ruling coalition. He is a Member of the upper house of Parliament from Andhra Pradesh since June, 2004. In July, 2011, Mr. Ramesh became Minister of Rural Development. He was previously the Indian Minister of State (Independent Charge) at the Ministry of Environment and Forests from May 2009 to July 2011.
Remittances are a large driver of economic growth in developing countries. Dr. Abhijit Banerjee, of the Ford Foundation and International Professor of Economics at MIT, asks whether governments should intervene to help rural areas understand how to properly manage this influx of capital?