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The New Wealth of Nations

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Hong Kong Theatre

Clement House, LSE

99 Aldwych

London

WC2B 4JF

United Kingdom

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LSE India Observatory Public Lecture

The New Wealth of Nations

Tuesday 6th March 2018, 6.30pm to 8pm, Hong Kong Theatre, Clement House, LSE

Speaker: Surjit Bhalla (Senior India Analyst, Observatory Group and Chairman, Oxus Research & Investments)

Chair: Nicholas Stern (IG Patel Chair and Director, LSE India Observatory)

Discussant: John Hills (Co-Director, LSE International Inequalities Institute)

At this event, Surjit Bhalla will be discussing from his recent book The New Wealth of Nations. He argues that today, over 70 per cent of the world’s middle class reside in the erstwhile poor countries; world income inequality is down to levels last observed in 1870; and that there has been a large reduction in absolute poverty. What accounts for such rapid development and catch-up? Surjit offers a short answer - the spread of education. Whilst acknowledging the advancements made by the developing world, The New Wealth of Nations also investigates the challenges for the explosion of education and technology, and why countries, rich and emerging, will have to explore options like basic income and negative income tax, so that a new welfare order, appropriate for the changed - and changing - 21st century can emerge.

Surjit Bhalla is a Senior India Analyst for the Observatory Group, a New York based macroeconomic policy advisory firm, and Chairman of Oxus Research & Investments. He has taught at the Delhi School of Economics and worked at the Rand Corporation, the Brookings Institution, World Bank, Goldman Sachs and Deutsche Bank. He is on the governing board of National Council of Applied Economic Research (NCAER), Delhi. He is a contributing Editor to The Indian Express. His first book, Between the Wickets: The Who and Why of the Best in Cricket (1987), developed a model for evaluating performance in sports.

This event is free but registration through Eventbrite is required to attend.


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Hong Kong Theatre

Clement House, LSE

99 Aldwych

London

WC2B 4JF

United Kingdom

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