|The Growth Experience: Lessons from the 1990s|
|September 28, 2004|
|From R to L: Dr. Roberto Zagha, Economic Advisor, The World Bank’s PREM network, Dr. Lant Pritchett, Lead Economist, The World Bank, Dr. Isher Judge Ahluwalia, Chairperson, Board of Trustees, IFPRI and Dr. Arvind Virmani, Director & Chief Executive, ICRIER.
ICRIER and the World Bank organised a joint seminar on ‘The Growth Experience: Lessons from the 1990s’ to analyse the impact on growth of key policy and institutional reforms: macroeconomic stability, trade liberalization, privatization, deregulation of finance and utilities etc. Drawing from the World Bank report as well as from ICRIER and other research work on macroeconomics, growth, policy & reform, the seminar focussed on factors that led to the obstruction and sustenance of economic growth in the nineties.
While making their presentations Dr. Roberto Zagha, Economic Advisor of the World Bank’s Poverty Reduction and Economic Management (PREM) network and Dr. Lant Pritchett, Lead Economist of the World Bank’s South Asia Environment and Social Unit emphasised on the importance and relevance of new policy initiatives necessary for raising the sustainable rate of economic growth in developing countries, with special reference to India. The seminar drew lessons from the diverse country experiences; from the perspective of reforms in policy and institutional areas and how it has affected growth.
Representatives from the Planning Commission, Ministries of Finance and External Affairs, Financial Institutes, Multilateral Organizations, Research Institutes and Academia participated in the seminar. Dr. Isher Judge Ahluwalia, Chairperson, Board of Trustees, IFPRI and Board Member, ICRIER, chaired the seminar.