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Growth, trade, development, institutions, aid, oil, India, Africa, the WTO, intellectual property
Arvind Subramanian is a senior fellow (on leave) at the Center for Global Development. He is the chief economic advisor to the government of India.
Greenprint: A New Approach to Cooperation on Climate Change, written with Aaditya Mattoo, was published by CGD in 2012; Eclipse: Living in the Shadow of China's Economic Dominance was published in September 2011. Foreign Policy named him one of the world's top 100 global thinkers in 2011. India Today magazine named him one of India’s top 35 “Masters of the Mind” over the last 35 years.
He has written on growth, trade, development, institutions, aid, oil, India, China, Africa, and the World Trade Organization. He has published widely in academic and other journals, including the American Economic Review (Papers and Proceedings), Review of Economics and Statistics, Journal of International Economics, Journal of Monetary Economics, Journal of Public Economics, Journal of Economic Growth, Journal of Development Economics, Brookings Papers on Economic Activity, Oxford Review of Economic Policy, International Monetary Fund Staff Papers, Foreign Affairs, World Economy, and Economic and Political Weekly. He is currently ranked among the top 2 percent of the world’s academic economists in terms of citations of academic research, according to the widely used REPEC rankings.
He has also published or been cited in leading magazines and newspapers, including the Economist, Financial Times, Washington Post, New York Times, Wall Street Journal, Newsweek, and New York Review of Books. He contributes frequently to the Financial Times and is a columnist for India's leading financial daily, Business Standard.
He advises the Indian government in different capacities, including as a member of the Finance Minister's Expert Group on the G-20. Subramanian was assistant director in the Research Department of the International Monetary Fund. He served at the GATT (1988–92) during the Uruguay Round of trade negotiations and taught at Harvard University's Kennedy School of Government (1999–2000) and at Johns Hopkins' School for Advanced International Studies (2008–10).
He obtained his undergraduate degree from St. Stephens College, Delhi; his MBA from the Indian Institute of Management at Ahmedabad, India; and his M.Phil. and D.Phil. from the University of Oxford, UK.
“Does Aid Affect Governance?” American Economic Review Papers and Proceedings, (with Raghuram Rajan), May 2007.
“Africa’s Growth Prospects: Benchmarking the Constraints,” NBER Working Paper, 13120 (with Simon Johnson and Jonathan Ostry).
“Foreign Capital and Economic Development,” Brookings Papers on Economic Activity, March 2007, (with Eswar Prasad and Raghuram Rajan).
“How to Help Poor Countries,” Foreign Affairs, (with Nancy Birdsall and Dani Rodrik), 2005.
“Aid and Growth: What Does the Cross-Section Evidence Really Show?” National Bureau of Economic Research (NBER) Working Paper, No. 11513, (with Raghuram Rajan), 2005; forthcoming Review of Economics and Statistics.
“What Undermines Aid’s Impact on Growth,” NBER Working Paper, No. 11657, (with Raghuram Rajan), 2005.
“Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development,” Journal of Economic Growth, (with Dani Rodrik and Francesco Trebbi), 2004.
“Saving Iraq from its Oil,” Foreign Affairs, (with Nancy Birdsall), 2004.
“What Determines Long-Run Macroeconomic Stability? Democratic Institutions,” IMF Working Staff Papers, (with Shanker Satyanath), 2007.
“The Natural Resource Curse: An Illustration from Nigeria,” NBER Working Paper, with Xavier Sala-i-Martin), 2003.
“The Primacy of Institutions and What it does or does not Mean,” Finance and Development, (with Dani Rodrik), June 2003.
“Who can Explain the Mauritian Miracle: Meade, Romer, Sachs or Rodrik,” In Search of Prosperity, edited by Dani Rodrik, Princeton University Press, (with Devesh Roy), 2002.
“Policies, Enforcement, and Customs Evasion: Evidence from India,” IMF Working Paper, (with Prachi Mishra and Petia Topalova), forthcoming.
“The Intriguing Relationship between Growth and Institutions in India,” Oxford Review of Economic Policy, forthcoming.
“India’s Pattern of Development: What Happened, What Follows,” Journal of Monetary Economics, (with K. Kochhar, U. Kumar, R. Rajan, and I. Tokatlidis), 2006.
“From ‘Hindu Growth’ to Productivity Surge: The Mystery of the Indian Growth Transition,” IMF Staff Papers, (with Dani Rodrik), 2004.
“Why India can grow at 7 Percent a year or More?” Economic and Political Weekly, (with Dani Rodrik), 2004.
Trade and Intellectual Property
“The WTO promotes trade strongly, but unevenly,” Journal of International Economics, (with Shang-Jin Wei), 2007.
“Why Prospects for Doha Trade Talks are not Bright?” Finance and Development, (with Aaditya Mattoo), March 2005.
“Medicines, Patents and TRIPs,” Finance and Development, March 2004.
“The Africa Growth and Opportunity Act and Its Rules of Origin: Generosity Undermined?” The World Economy, Vol. 26, No. 6, (with Aaditya Mattoo and Devesh Roy), 2003.
“The WTO and Poorest Countries: The Stark Reality,” World Trade Review, (with Aaditya Mattoo), 2003.
“Measuring Services Trade Liberalization and Its Impact on Economic Growth: An Illustration,” Journal of Economic Integration, (with Aaditya Mattoo and Randeep Rathindran), 2002.
“Dynamic Gains from Trade – Evidence from South Africa,” IMF Staff Papers Vol. 48 No. 1, (with Gunnar Jonsson), 2001.
“Can TRIPS Serve as An Enforcement Device in the WTO?” Journal of International Economic Law, (with J. Watal), 2000.
“Trade and the Environment: A Nearly Empty Box?” The World Economy, 1992.
“TRIPs and the Paradigm of the GATT: A Tropical, Temperate View,” World Economy, 1990.
“The International Economics of Intellectual Property Right Protection: A Welfare-Theoretic Trade Policy Analysis,” World Development, Vol. 19, No. 8.
“Regulatory Autonomy and Multilateral Disciplines: the Dilemma and a Possible Resolution,” Journal of International Economic Law, Vol. 9 No. 2, (with Aaditya Mattoo.)
India: Trade and Intellectual Property
“India as User and Creator of Intellectual Property: The Challenges Post-Doha,” in India and the WTO, edited by A. Mattoo and R. Stern, World Bank), 2003.
“India and the Multilateral Trading System Post-Doha: Defensive or Proactive?” in India and the WTO, edited by A. Mattoo and R. Stern, World Bank, (with A. Mattoo), 2003.
“The Case for a US-India Free Trade Agreement,” Economic and Political Weekly, (with A. Mattoo), 2003.
“Putting Some Numbers on the TRIPS Pharmaceutical Debate,” International Journal of Technology Management, 1994.
Book, op-eds and other
“Efficiency, Equity, and Legitimacy: The Multilateral Trading System at the Millenium,” Brookings/Harvard University Press, (edited with Roger Porter and Pierre Sauvé), 2002.
Profile of Paul Krugman: “Economist as Crusader,” Finance and Development, June 2006.
“The Bangalore Bug,” op-ed in the Financial Times, (with Raghuram Rajan), 2006.
“China’s exchange rate,” op-ed in the Financial Times, (with Raghuram Rajan), 2005.
Profile of Jagdish Bhagwati: “The Globalization Guru,” Finance and Development, September 2005.
CGD is pleased to announce the third and final installment of its annual summer film series, Global Development Matters, with a screening of the documentary-like feature film Valley of Saints. Through stunning cinematography, the film explores life in Dal Lake, a community of fishermen and farmers who increasingly rely on tourism to earn a living. Set amongst the backdrop of the 2010 mass protests calling for the demilitarization of Kashmir, the film focuses on the environmental impact of urbanization on the lake and the effect on the livelihoods of its inhabitants.
Arvind Subramanian will make brief remarks on CGD's new India Initiative prior to the start of the film.
This post also appears on the Peterson Institute for International Economics Real Time Economics Watch.
In Lord Richard Attenborough’s movie Gandhi, an underling of the British Empire heatedly warns his supercilious boss that Mahatma Gandhi’s impending protest march to the sea poses a far greater threat than the Raj realizes: “Salt, sir, is a symbol.” This elicits the memorable sneering put-down from the boss (played by Sir John Gielgud): “Don’t patronize me, Charles.”
Is the world making progress on climate change? Recently, the OECD struck a hopeful note, reporting that emissions were growing more slowly than GDP in both the high-income and developing countries, including China. This decoupling of emissions and growth, if true, would be good news indeed, since it would suggest that the world can cut emissions without hurting the economic growth needed to lift hundreds of millions of people out of poverty.
In his widely-acclaimed 2011 book Origins of Political Order, Fukuyama explores the divergent trajectory of political and institutional development across societies. His new CGD Working Paper "What is Governance?" presents a framework for quantifying governance across countries. As part of the Understanding India Series, Fukuyama will contrast the evolution of political institutions in India and China.
In some ways, both India and China defy—in almost opposite ways – the general pattern of higher incomes being associated with more democratic institutions: India has sustained democracy at very low levels of income and Chinese political institutions are defying the modernization hypothesis. Fukuyama will discuss these issues and the application of his new framework for quantifying governance in China and India.
*This seminar series is organized by CGD's Understanding India initiative, which explores India's development challenges and experiences and the lessons they might offer for other developing countries.
The World Bank recently released the long-awaited report of a high-level commission on World Bank governance headed by former Mexican president Ernesto Zedillo. The report, requested by World Bank president Robert Zoellick, offers a comprehensive blueprint for modernizing the bank. The Center for Global Development is hosting a Washington launch and discussion of this important report, with President Zedillo presenting the key recommendations. A panel discussion, moderated by CGD vice president Lawrence MacDonald, will follow with CGD president Nancy Birdsall, Foreign Policy editor-in-chief Moisés Naím, and Arvind Subramanian, joint senior fellow with CGD and Peterson Institute.