Book breaking the mold pdf

Raghuram Govind Rajan is a world class Indian economist who has also served as the twenty third Governor of the Reserve Bank of India He also serves as Eric J Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago Rajan is also a visiting professor for the World Bank Federal Reserve Board and Swedish Parliamentary Commission He formerly served as the president of the American Finance Association and was the chief economist of the International Monetary Fund IMF In 1985 he graduated from the IIT Delhi with a bachelors degree in electrical engineering and he completed his MBA at the IIM Ahmedabad in 1987 He received a PhD in management from the Massachusetts Institute of Raghuram Govind Rajan is a world class Indian economist who has also served as the twenty third Governor of the Reserve Bank of India He also serves as Eric J Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago Rajan is also a visiting professor for the World Bank Federal Reserve Board and Swedish Parliamentary Commission He formerly served as the president of the American Finance Association and was the chief economist of the International Monetary Fund IMF In 1985 he graduated from the IIT Delhi with a bachelor s degree in electrical engineering and he completed his MBA at the IIM Ahmedabad in 1987 He received a PhD in management from the Massachusetts Institute of Technology MIT in 1991 for his thesis titled Essays on Banking site_link The new path for economic development that India must create The whole world has a stake in India s future and that future hinges on whether India can develop its economy and deliver for its population now the world s largest while staying democratic India s economy has overtaken the United Kingdom s to become the fifth largest in the world but it is still only one fifth the size of China s and India s economic growth is too slow to provide jobs for millions of its ambitious youth Blocking India s current path are intense global competition in low skilled manufacturing increasing protectionism and automation and the country s majoritarian streak in politics In Breaking the Mold Raghuram Rajan and Rohit Lamba show why and how India needs to blaze a new path if it s to succeed India diverged long ago from the standard development model the one followed by China from agriculture to low skilled manufacturing then high skilled manufacturing and finally services by leapfrogging intermediate steps India must not turn back now Rajan and Lamba explain how India can accelerate growth by prioritizing human capital expanding opportunities in high skilled services encouraging entrepreneurship and strengthening rather than weakening its democratic traditions It can chart a path based on ideas and creativity even at its early stage of development Filled with vivid examples and written with incisive candor Breaking the Mold shows how India can break free of the stumbling blocks of the past and embrace the enormous possibilities of the future Breaking the Mold India s Untraveled Path to Prosperity