Raghuram Rajan on why climate action & globalization are joined at the hip
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- เผยแพร่เมื่อ 18 ต.ค. 2022
- #ThePrintUncut
Former RBI Governor Raghuram Rajan spoke at the IMF-World Bank annual meet which has drawn sharp reactions in India. Raghuram Rajan while talking about the need to liberalize services said, 'We must think about the damage done to the world had India followed China's export-led growth path of manufacturing.' The former RBI governor spoke about why climate action needs continued globalization & possible policies that can enable both, especially considering the ongoing de-globalization which is occurring through a mix of old-fashioned protectionism & emerging geo-political concerns.
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Give the guy a break.. He made a lota good points..
To save planet the suggestions of Prof. Raghuram Rajan on various issues raised by him very pragmatic approach ie Synthetic,very innovative in nature. Climate change & economic issues.
Ye amiro ke chochle hai
@@virendrakumarpandey1091 Globalisation and Climate change affect rich and poor alike. You won't even get ur medicines if globalisation slows down.
@@grapeshott india is leader in medicine sector
@@grapeshott rich people never affect by anything don't have a common sense
What's wrong with this man , what about employment , manufacturing is only way to save India.
You always gets something new for you UPSC essay paper after watching Rajan sir of RBI wale
Come out of your stupid socialist cocoon. It's post liberalized India. Stupid ias don't deserve any respect.
😂😂 यही वो दल्ला हैं जो भारत को Hungary, Poor And Kulli बनाये रखना चाहता हैं
रघुराम राजन नामक दल्ले की सच्चाई
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He is more talking about idealistic situation, but he forgot current geopolitical situation. Xi swore on aggressive stance of chinese communist party and his targets are India, Taiwan and many others. Also Russia is getting dependent on china more and more due to their own follies. So deglobalisation will happen for sure to some extent to remove china from supply chain
What is "idealistic" for less ambitious people is actually pragmatic for wiser people.
@@grapeshott Maybe or maybe not.... Lot of factors are affects the situation and condition. Xi is not Deng or Jiang.
When india is trying to grow like china did he now saying it's okay not to have growth
Nah
Thoughtful contribution overall. Curious if he is trying to counter border adjustment tariffs in the name of defending globalization. Finally, I think his India services argument could have been better worded but a sound point in essence.
How did India hire a Lackey from the Hoover institute Raghuram Rajan, is something people would never know?
He wants Indian Union to spend on skill education so that US can do brain drain later. The absence of good industrial base is what made Mr. Rajan to flee from India to US. That was the reason for brain drain.
You are right brother and some so called climate changer is praising how hypocrite they have become.😂
He's not completely against industrialization. He's against wanton industrialization without consideration of the environment, something that China did to grow. Now that we're all the wiser due to the negative effects of climate change, a country as large as India can't do the same mistakes as China did. Nowhere he says India shouldn't develop, he just wants to develop in a kind different from how China did.
Brilliant speech!
People don't understand him. If you carefully hear his speeches there is lot to gain in terms of knowledge. Don't criticize him, just because he is so vocal. It's good when someone our own does constructive criticism.
Those who are wise, they will listen to wise people like Raghuram Rajan. Those who are stupid, they will put him down. But eventually everyone will remember the wise man through the ages. This has happened since the time of Socrates.
😂 the piece of shit want to see india as a poor nation
@@virendrakumarpandey1091 then try to prove him wrong by Earning good, paying fair taxes and trying to enrich our culture, and not just re criticizing him. He proved he was capable to manage Indian RBI, now you prove him.
@@Sachinrenjal 31:15 hope you get your answer
@@Sachinrenjal yes we will prove him wrong
Why is this guy so hellbent on scuttling efforts to generate employment in India? Why is he hellbent on making India into a Philippines - A country with a permanent underclass that emigrates? What kind of classicism does he internalize within him to say something like India does not need industrial capacity to manufacture things? Or that poor do no deserve a shot at gainful employment?
He is doing a bidding for US. They don't want another China. He wanted India to ignore manufacturing and invest in Human capacities so that at a later stage US companies can take away these people which is nothing but brain drain.
He is paid by US and China to say Anti Indian and especially Anti Modi speeches....
Its absolutely unreasonable. Yes we are doing good in services and have to keep on pushing to do better but to not focus on being a manufacturing base is absurd. We have the talent, the work force and ambition. We are doing our bid for climate change and action, the rest of the world should be given this speech not us.
No, Philippines don't have a permanent 'underclass' like India. People in Philippines are richer than you, poor india... their gdp per capita is USD 3.3k.
Please make more toilets. And they don't score 100+ in the world in malnutrition...🤣
Who pays him. The answer lies there.
he never said stop manufacturing ! why are people being hysteric
He just said india shouldnt manufacture, imagine we had this guy at helm of our currency! He must have danced to the tune of chinese while in office
When did he say that?
@@grapeshott 31:15
@@grapeshott Abe chutiye earn kha s karega ,agr manufacturing hi nhi hoga , India is only running due IT sector.
Poor guy still waiting for recession in INDIA. I hope we have for 1 day, so he can say he is right.
Interesting RR mentioned India may not be the suitable candidate to replace China as the manufacturering hub of the world ?
Why RRR pointing North Korea as closed information country to caution India? why not pointing China for that matter?
Oslo it’s history
31:11
They just want a poor india beacuse the only way to make india rich is the manufacturing sector
Good looking intelligence 👌
Still A 🌹 in. Texas
He is the Rahul Gandhi of the economic world...
By that you mean, educated and well-spoken, but due to sanghis, gavars and trolls he's abysmally misunderstood, right?
@@reach2prasanna thats the illusion of free sex commies, rice bags, cryptos, peaceful communities....
Thank you Professor Rajan for coming up with a brilliant set of recommendations for continuing the economic betterment in the world at large while containing deteriorating climate change. Beauty of his recommendations lie in their simplicity and easy adaptability. However, I wonder if the problem is not a bit different than finding ingenious ways to increase productivity and distribute its fruits more widely through more globalization.
In the last 250 odd years, world over, peoples’ expectations about the future have changed. During dark and middle ages one’s station in life was largely determined by the accident of birth. Chances for upward mobility were near zero then, except for a handful of people. Now, because of increased possibilities for upward mobility, which has been also fuelled by relentless luring propaganda from the corporates, demand for upward mobility is firmly established in our DNA, whether we are in sub-Saharan Africa, Singapore, or in Sweden. Denial of upward mobility - having a better future, if not for oneself, for the next generation - causes larger distress to almost all of us than the material deprivation and thereby creates a pressure point that guides our politics, economics, and climate change, not to mention decimation of our resource base and our environment.
Second, it has been eminently claimed that in every society the systems are established after accommodating power structures. The power structures get a freer hand in guiding politics and policies in a globalized world because globalization has to accommodate differences in pollution norms, permission to exploit and oppress sections of the society, and so on, which are never brought to the negotiation tables. If the power structures in USA can cause decimation of its Middle Class and lead to large scale `Deaths of Despair’, do we have sufficient basis to think that we would be able to negotiate a saner future for several countries? Let us not forget that even in democracies, consent of the voting people have been reduced to promise of a minimum basic income, in other words, subsistence.
I am of the opinion that unless we find ways to at least partially neutralize these power points that nudges the policies away from the concerns of the common men, there can be no success for game-changing solutions.
Indians pls talk abt climate sh!t once u took 70 percentage out of poverty. Until then work on infra, industry
Nicely said .
Poverty will increase with climate change.
This year's monsoon destroyed many farmers in India. This is due to climate change
16.4% of Indians living under poverty line ($1.9 per day) down from 55% in 2005
UNDP Multidimensional poverty report 2022.
please allow us to talk about climate change now, my lord !
@@rudra20048 we just want a rich india at any cost
@@kushagrsharma fuck the climate change
Ye banda chahta hai ki bharat garib ke garib hi rahe or ye climate change American logo ko batao jo toilet me bhi 15 bulb lagate hai or hamesha jalta rehta hai or tumhara socialism ek dhong ke alawa khuch nahi hai khud to centralized ac wale ghar me rehta hai or first class se travel karta hai or gyan aishe de raha hai jaise naale we want to see india as a biggest production hub in the world
Is your foot fall far from davidoff। Understand the rest। WB 2806
Never miss a lecture by Dr Rajan... 😇
Hey Raghuram Rajan "
Do You Know How Much Your Air-conditioning Full House ( Including Toilet And Car's ) Reproducing Carbon "
Average American Electricity Consumption Is 11000 !
Average Indian Electricity Consumption Is 900 !
You Western's Pimp, India Will Use It's Own All Resources For Our Future | ✌️
Raghuram Rajan is a real piece . Guys like him have caused lots of pain to India . One wonders why people still listen to him
What he says doesn't make sense to you?
Better educate urself before blaming a world renowned economist. Are you even an expert in that field?
Real piece of shit want a poor india 31:15
@@grapeshott He is just west slave , how will you earn Money without manufacturing , unemployment is rising and you care about environment ,is China caring about it or japan then why India.
@@laxendrachauhan8202 On the first place on what basis authority they are preaching climate change and other shit. However, RRR's proposal intensity and talk aggression might give us an idea where India is standing as an independent nation to tackle to these impositions from west.
heights of naive
Why is this guy famous? Has he revolutionized anything anywhere or did he only sit at a powerful position once in his life? I would listen to economist TH-camrs over this.
He predicted the recession in 2008 prior to it happening. No one listened. Research on what he has contributed to original ideas of UPI.
@@petairowdy he contributed to the UPI or he was sitting as a manager? In my project work, we give the credit to our managers but the developers and testers do all the work.
Many people predicted 2008 in US. It was obvious back in 2006. The people were just under the assumption that the government would cover that thing. The only problem was that the government couldn't.
@@Contractor48 Also disaster prediction isn't a science. People make disaster predictions all the time, mostly to keep themselves in news and be talked about. Everyday I can see at least one prominent personality who spells a dooms day for India. But you know, bad things do happen. And when they do, such disaster professionals take credit.
@@PanakaluPoonakam no it is a science. That field is called data science where we use the data to predict something. That is why we build a brand that is based on credibility. Predicting and guessing are two sides of the same coin.
@@Contractor48 as per your definition, only total individual contributors can claim credit on anything. There is a lot he has contributed. Just because one doesn't like a view point, doesn't mean the author of that viewpoint becomes useless lol.
Hardward economist and theory failing American and Europe economy.
Our govt comprises of innovative team along with hardwork prime minister finance minister EAM, they take decisions form policies on practical and proven principles and blend of modern technology.
Happy and proud to see IMF chief praising Indian policies world to follow Indian hardwork economists than Hardward educated economist.
Dr. Raguram Rajan would you please explain to the how India managed inflation and growth in worst crisis for global economy?
Why US and Europe suffering with Harward economist policies?
Lol 🤣 what a noob
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the comments are so fucking fact free :')
I hate people who are smarter than me ;)
Too idealistic. In true world, some are more equal. The more equal will manipulate. We have to have alternatives, in which case, cartels will be formed. Develop capacity and then participate in globalization.
Why is this joker even called ?
Because they use them against India
And many chutiyas are also supporting him ,just don't realise how Harvard man is harming India growth.
😂😂😂 रघुराम राजन तुम जैसे दल्लों की सच्चाई अब सामने आ रही हैं
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He is Out of All Hot 🔥 Jobs So Ever DECREASING DATA And Does Loosing EDGE . But That's Life
Not interesting, ...
Dalla of oligarchs
Now I know why you moved out of India, bharat has become a hub of bjp roadies , looks like even police got used to it. He is targeting each individual and kicking them out. Appreciate the effort they put in, I am sure it will be easy for europe or mughals to invade india again, because only bjp will be left and most of them are 20, 10 rs bikau type. Amit shah ji, whats happening in your top most corrupt state karnataka, i am unable to live in my own home due to the harassment karnataka rogues are into, law and order is collapsed in karnataka? Police have asked me to go to women police station, I am not going amit shah ji because I have no trust in your police department or bharatiya janta party , waste of time. Looks like ashwat narayan has got no work , you may need to give him some better work, all his people roam around me stalking , 2023 bjp gone?
Hypocrite people talking about climate change
Over-glorified chamcha... Nothing more, nothing less. I don't think the Print understands that this guy has lost whatever little credibility he had. No one is interested in his biased "scholarship".
Surprisingly mediocre, vague, banal talk by one of my complete favourites, even more strangely banal questions by the other discussant. It's like if you took Grade 8 students, dressed them up in suits, and asked them to play Model UN or play "economist-economist".
Over rated economist...
He is just a slave of imf and west nation
There must be something to do with his face that my Blood Pressure rises up whenever I see his Face.....👹❌
31:11
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