clever beard

I went to this seminar the other day... very interesting star studded line up including Stiglitz, Amartya Sen, Meghnad Desai, Manmohan Singh and Kamal Nath the Commerce and industry minister.

Very interesting debate and discussion, Stiglitz in particular was storming, I'd like to get hold of his new book. Interesting point about liberalisation of labour markets having a greater effect on economies than liberalising capital markets.

"Prof Stiglitz's stress on movement of labour was endorsed by Prime Minister Manmohan Singh who observed that developing economies were becoming more restrictive with respect to immigration and the movement of labour. "Even economic theory has largely focused on merchandise trade and captial flows, paying little attention to the economics and politics of migration in the modern world," he said."

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