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Interview with Lord Meghnad Desai on Government and Business

January 2010 - By Dr. Nagendra V Chowdary

The global economy was enjoying the fruits of American profligacy and hence should have expected to pay some of the price. Governments and banks have responded much better than they did in the 1930s.
– Lord Meghnad Desai
Effective executive Interview with Lord Meghnad  Desai on Government and Business

Lord Meghnad Jagdishchandra Desai is an Indian-born British economist and Labor politician. After taking his PhD from the University of Pennsylvania, he served as an intern at the London School of Economics where he got a job in 1965.

Desai has written extensively on a wide range of subjects. From 1984-1991, he was co-editor of the Journal of Applied Economics. He has been both Chair and President of Islington South and Finsbury Constituency Labour Party in London and was made a life peer as Baron Desai, of St Clement Danes in the City of Westminster, in April 1991. His first book was Marxian Economic Theory. In 2002 Desai wrote a book Marx’s Revenge: The Resurgence of Capitalism and the Death of Statist Socialism which states that globalization would tend toward the revival of socialism.

In 2005 he retired as Director of the Centre for the Study of Global Governance, which he founded in 1992 at LSE, where he is now Professor Emeritus. He is Chairman of the Trustee’s Board for Training for Life, Chairman of the Management Board of City Roads and on the Board of Tribune magazine. He is an Honorary Associate of the National Secular Society.

Useful for Understanding of:

  • The reasons for US Financial Crisis
  • The implications for developed and developing countries
  • The efficacy of Bailouts
  • The role of Governments in the post financial crisis
  • The major business trend in the post financial crisis
Originally Published in Effective Executive, IUP
Global CEO Reference No. 03M-2010-01-13-06
IBSCDC Reference No. INT0119
Year and Month of Publication January 2010
Keywords Lord Meghnad Desai, Government and Business, US Financial Crisis, MBA, Bank Bailouts, Kenyesian Economics, Investment Banks, Capital markets, Capital markets Regulators, Sarbanes Oxly
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