International Economic Association (IEA) Current Affairs
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Kaushik Basu has taken over as president of the International Economic Association (IEA). Basu will serve a three-year term as the President.
Kaushik Basu has served as India’s chief economic adviser from 2009 to 2012. He has also served as senior vice-president and chief economist at the World Bank from 2012 to 2016.
At present, Basu is the C. Marks Professor of International Studies at Cornell University.
The International Economic Association (IEA) is one of the key organisations of professional economists and has been significant in determining global economic policy and research. Amongst the past presidents of IEA were the Nobel Laureates Robert Solow, Amartya Sen and Joseph Stiglitz.
IEA produces a large number of research papers and books and organises roundtables on topics of present-day interest. Its principal activities include International Congress organised every 3 years. The occasion serves as one of the major assemblies of economists from around the world.