He is the Chief Economist of the World Bank. Too bad he didn't visit us before two Voodoo economists – one hailing from the Bretton Wood sisters – started messing it up with their trickle-down economics in 2006. But he could have looked at a chart or done his homework. Then again one of his predecessors didn't exactly dazzle us when he visited Mauritius.
Thursday, July 28, 2016
Basu Says Mauritius Doesn't Save Enough
He is the Chief Economist of the World Bank. Too bad he didn't visit us before two Voodoo economists – one hailing from the Bretton Wood sisters – started messing it up with their trickle-down economics in 2006. But he could have looked at a chart or done his homework. Then again one of his predecessors didn't exactly dazzle us when he visited Mauritius.
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6 comments:
10 years, says he? Hmm, that's about the time I can wait before packing up and spend my limited abilities in really failed 'useless' states, like Somaliland, South Sudan, Afghanistan, Transnistria/Nagorno-Karabakh, Somaliland, North Kor...
Isn't there a pattern here?
Sithanen said poverty would be eradicated in 7 years back in 2008. Now he thinks it will take 10-15 years. Is it because he created so much of it?
Mansoor said in his last interview that according to a book, Mauritius would do well in 2016. When I heard that I thought about that comment I came across like 25 years ago and which I found quite unfair: the only function of economic forecasting is to make astrology look respectable. Turns out this is a comment attributed to JKG.
Oh and we shouldn't forget how Malawi ended poverty, right?
Kind of funny to see world bank boasting that savings increased by 82% in Philippines. They should have presented the Mauritian case: a drop of like 50% after one of theirs promised us he would be applying Bretton Wood recipes.
They are probably not releasing the water sector reform of the Bretton Woods clown because they know they are going to look stupid. Just like they wanted to sign TISA behind our backs.
I was surprised to see that Basu had given a conference at the State House. I was wondering if he had gone and blurted the same kind of crap as he did above. Google brought up this interesting publication of the Presidency.
Flip to page 6 and find out that "The Senior Vice President and Chief Economist of the World Bank, Prof Kaushik Basu gave a talk on "Technology and Development in a Globalising World". During his presentation, Professor Basu highlighted the rather 'complicated' relationship between technology and development, the emergence of Africa on the economic front and the related challenges, the opportunity for Mauritius to become an education hub not limited to the region and the importance of public-private partnership."
Now connect this with what Collendavelloo said about the CWA "nu finn konpran ki nu bizin WB assistance for good development." So Basu essentially went to the State House to further the regressive ideology of the WB. Collendavelloo was there too.
The other interesting thing in that newsletter (See p8.) is the mention that an updated book about Medicinal Plants at the State House of AGF is now on sale. Should that appear in the official newsletter of the Presidency? I don't think so.
The long view on savings to better understand the mess created by the toxic bean-counter.
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