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How did the ‘open door policy’ help in catching-up? The Great Liberalisatio...
Tue 28 March 2017, 18:30 – 21:30 BST
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How did the ‘open door policy’ help in catching-up? The Great Liberalisation of the 1990s
The Inaugural Lecture of Professor Sushanta Mallick
In this talk Sushanta Mallick examines how far the developing countries have come in their process of growth following the rapid pace of policy reforms in the 1990s which he calls the “great liberalisation” of the 1990s. He makes a key distinction between trade and financial liberalisation, finding that many low-income countries have benefitted from trade openness in improving their pricing power in the global market place but there is a long way to go in order to achieve the degree of financial deepening or openness that exists in high-income countries. He uses this international comparison as a backdrop to explore the prospects for further openness in the light of the recent financial crisis and the challenges facing developing countries.
Sushanta Mallick is a Professor of International Finance at the School of Business and Management, Queen Mary University of London. He holds a PhD in economics from the University of Warwick. Before joining Queen Mary in October 2006, he held positions at the Department of Economics, Loughborough University, the Royal Institute of International Affairs (Chatham House), JPMorgan Chase (previously Chase Manhattan Bank) in Hong Kong, the Institute for Social and Economic Change, and the Indian Statistical Institute, in India.
His academic work has been mainly focused on issues in macroeconomic policy, international finance and economic development. He has researched different aspects of international economics and finance at both the macro and micro-economic levels. As well as monetary policy, his research interests include issues connected with growth, development, and poverty. He has also carried out a substantial amount of work on various aspects of macroeconomic modelling.