NITI Aayog, University of California Concludes Third Biennial Conference On Development

The Third Biennial Conference on Development was concluded in Mumbai and it also saw the participation from the world's leading economists including economists from London Business School and University of California's professors.

Study Abroad: NITI Aayog in collaboration with Indira Gandhi Institute of Development Research and University of California, Berkeley has concluded its 'Third Biennial Conference on Development' in Mumbai.

The conference saw the attendance of leading economists from world including Donald Hanna from the University of California, Berkeley, Haas School of Business, London Business School’s professors Richard Portes, Professor of Economics Emeritus, University of Santa Barbara, Rajnish Mehra, and Chief Economist for Asia Pacific at Natixis, Alicia Garcia-Herrero.

"The discussions focused on India’s multiple transitions in financing and its investment transitional focus within the spheres of energy, environment and climate change," reads LBS statement.

Trump Must Focus On Innovation And Growth, Says LBS Dr Joseba Martinez

On Yahoo Finance Capitol Gains programme, London Business School’s Dr Joseba Martinez said, “Trump has said that his administration will be about maxising prosperity. That’s what this administration should indeed be about, and arguing about the debt ceiling is a diversion from the principal task of generating prosperity. What is the point of having all these tech people in government if not to focus the new administration on pushing for growth, generating innovation, and creating true, lasting prosperity?”

“Put the right policies in place and innovation and true growth will come about, with concerns about the deficit, income distribution, the fate of the Rust Belt, and so on, all receding as principal concerns. The US needs to get back to an economy that once grew at 3 and a half to four per cent in per capita terms each year," added Martinez.

On the program, Dr Martinez was asked when there are few details available about the upcoming Trump administration, what judgements can be made, he said, “What we have heard about is the tax policy and this is where I am genuinely concerned. On December 22, 2017, during his first presidency, Donald Trump signed into law the biggest tax overhaul since the Tax Reform Act of 1986. The Tax Cuts and Jobs Act (TCJA) is a tax cut, so what is wrong with it? At the same time that the first Trump government introduced the TCJA, the government made changes to the way they treated innovators and this makes innovation less attractive in the US."

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