Kaushik Basu appointed as president-elect of International Economic Association (IEA)
Kaushik Basu, Chief Economist and Senior Vice President of World Bank, has been appointed as president-elect of the association by the International Economic Association (IEA). Meanwhile, Basu will continue serving as Senior Vice President and World Bank Chief Economist. A World Bank Chief Economist is appointed for a 4 year term and Basu started his Job as Senior Vice President and World Bank Chief Economist on October 1, 2012.
The International Economic Association (IEA) is one of the key organizations of professional economists, and has been significant in determining global economic policy and research. Amongst the past presidents of IEA were the Nobel laureates Robert Solow, Amartya Sen and Joseph Stiglitz. Thus, Kaushik Basu will be the 2nd Indian to head IEA.
IEA produces a large number of research papers and books and organises round tables on topics of present-day interest. Its principal activities include International Congress organized every 3 years. The occasion serves as one of the major assemblies of economists from around the world. The 2014 International Congress was held at Dead Sea, Jordan. Earlier to that the Congress was hosted by China in Beijing in 2011.