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Raghuram G. Rajan

Raghuram G. Rajan

Writing for PS since 2003
93 commentaries
1 videos & podcasts

Raghuram G. Rajan, a former governor of the Reserve Bank of India and chief economist of the International Monetary Fund, is Professor of Finance at the University of Chicago Booth School of Business and the co-author (with Rohit Lamba) of Breaking the Mold: India’s Untraveled Path to Prosperity (Princeton University Press, May 2024).

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  1. Reform or Irrelevance for the IMF?
    rogoff216_ SAUL LOEBAFP via Getty Images_imf Saul Loeb/AFP via Getty Images

    Reform or Irrelevance for the IMF?

    Oct 24, 2024 Raghuram G. Rajan explains how the world’s financial backstop must change if it is to remain effective.

  2. Industrial Policy’s Deceptive New Clothes
    rajan94_Arvind YadavHindustan Times via Getty Images_indiasemiconductor Arvind Yadav/Hindustan Times via Getty Images

    Industrial Policy’s Deceptive New Clothes

    Sep 9, 2024 Raghuram G. Rajan sees little reason to support the case for renewed government interventions in the private sector.

  3. Bracing for a More Inflationary World
    rajan93_cienpiesGetty Images_inflation cienpies/Getty Images

    Bracing for a More Inflationary World

    Jul 11, 2024 Raghuram G. Rajan thinks central banks will remain under pressure to maintain tighter policies over the medium term.

  4. Raghuram G. Rajan and Rohit Lamba on Indian job creation, industrial policy, democracy, and more
    GettyImages-1166756409

    Raghuram G. Rajan and Rohit Lamba on Indian job creation, industrial policy, democracy, and more

    May 28, 2024 Raghuram G. Rajan & Rohit Lamba argue that India must place the highest priority on creating and owning intellectual property, advocate an alternative to interventionist industrial policies like subsidies, call for the decentralization of Indian governance at every level, and more.

  5. The Indian Election and the Country’s Economic Future
    op_rajan4_MANJUNATH KIRANAFP via Getty Images_Indiastartup Manjunath Kiran/AFP via Getty Images

    The Indian Election and the Country’s Economic Future

    May 24, 2024 Raghuram G. Rajan worries that the country will squander its massive potential by trying to emulate China's growth strategy.

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  1. samadashvili3_ GIORGI ARJEVANIDZEAFP via Getty Images_georgia elections GIORGI ARJEVANIDZE/AFP via Getty Images
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    The End of Georgia’s European Dream?

    Salome Samadashvili

    Initial evidence suggests that the victory of the pro-Russian Georgian Dream party in the recent parliamentary election reflects widespread fraud. If the West fails to support democratic opposition parties in challenging the results, Georgia’s 30-year-old democracy could come to an end.

     urges Western leaders to take steps to halt the country’s slide into authoritarianism.
  2. grigaitedaugirde1_Alex GottschalkDeFodi Images via Getty Images_icc Alex GottschalkDeFodi Images via Getty Images
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    Belarus in the Dock

    Gabija Grigaitė-Daugirdė & Aarif Abraham explain why Lithuania is requesting an International Criminal Court investigation into its neighbor.
  3. jschwartz1_EonerenGetty Images_sustainabilityfinance Eoneren/Getty Images
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    Where Financial Innovation Meets Sustainable Development

    Jordan Schwartz explains why new instruments must be standardized and integrated into developing countries’ economic policies.
  4. rzlawrence1_MEGAN JELINGERAFP via Getty Images_us manufacturing MEGAN JELINGER/AFP via Getty Images
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    No President Can Revive US Manufacturing Employment

    Robert Z. Lawrence explains why there is no going back to the heyday of middle-class factory jobs for low-skilled workers.
  5. bailey1_The Washington PostContributorGettyImages_election_polling_screen The Washington Post/Contributor/Getty Images
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    Is Political Polling Broken?

    Michael A. Bailey urges pollsters to stop thinking in terms of random samples and instead focus on diagnosing non-response bias.
  6. fischer221_MAXIM SHIPENKOVPOOLAFP via Getty Images_BRICSputinxi Maxim Shipenkov/POOL/AFP via Getty Images
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    Don’t Dismiss the BRICS

    Joschka Fischer thinks it would be a serious mistake for Western strategists to ignore the bloc and what it represents.
  7. krueger80_PUNIT PARANJPEAFP via Getty Images_india PUNIT PARANJPE/AFP via Getty Images
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    Can India Become a Developed Economy by Mid-Century?

    Anne O. Krueger urges policymakers to resume key structural reforms and streamline regulations that stifle business activity.
  8. posner36_Scott OlsonGetty Images_trumpsupporters Scott Olson/Getty Images
    2

    Why Many Workers Now Vote Republican

    Eric Posner explains how the failures of neoliberalism came to benefit the traditional party of business.
  9. ito41_Takashi AoyamaGetty Images_japan election Takashi Aoyama/Getty Images
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    Japan’s Electoral Stalemate

    Takatoshi Ito considers the political and economic implications of the ruling bloc’s loss of its parliamentary majority.

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