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'I do not believe in sucking up to any government' -- Jagdish Bhagwati in interview with Sheela Bhatt

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Rediff.com

'I do not believe in sucking up to any government'

Last updated on: July 26, 2013 21:47 IST

Jagdish Bhagwati keeps the debate with the Nobel Laureate raging in this interview with Sheela Bhatt


Jagdish Bhagwati, the India-born scholar economist, has taken up a debate on the best-suited model of development with Nobel Laureate Amartya Sen.
Both Bhagwati, a professor of economics and law at Columbia University, and Sen, a professor of economics and philosophy at Harvard University, have tremendous influence in New Delhi’s policy planning. Both have engaging points. Both have vast following. And both have India’s attention.
Professor Bhagwati agreed to respond to rediff.com's questions in an e-mail interview.
Do you think one has to see the fight of economic ideologies between Amartya Sen and Jagdish Bhagwati with reference to the context of the political fight scheduled for 2014?
This is nonsense. I have been writing, as I always do, for the public as (John Maynard) Keynes did, whereas it is Sen who is trying to inject politics by denouncing Narendra Modi and pretending that he is close to the UPA (United Progressive Alliance) government.
I do not believe in ‘sucking up’ to any governments.
Professor Sen believes growth is not good enough without the government’s intervention to improve human capabilities. Why dispute it in view of the ground realities of India?
This is funny. What do you think growth does? It pulls people out of poverty, enabling them to also spend on education and health care; so do the increased revenues from growth.
These are surefire ways of improving their well-being — the terminology of ‘capabilities’ adds nothing to these phenomena!
Sen should exchange his terminology for concrete progress in poverty reduction and human well-being!
Click on NEXT to read what Prof Bhagwati thinks of Sen's economics...


'It is high time to jettison Sen'

Last updated on: July 26, 2013 21:47 IST

Do you think the so-called Gujarat model or Professor Sen’s idea of growth and development has some meeting point? Can you elaborate?
How can one reconcile Sen’s vacuous arguments with the growth strategy, which our leaders like Pandit Nehru and the planners I worked with, like Pitambar Pant in the
Planning Commission, (drew up), and which has transformed India since the 1991 reforms and has thence reduced poverty remarkably?
Indians often have a habit of reconciling the irreconcilables:Asti Nasti (in some ways it is and it is not)! That way is confusion and muddled policymaking, which we suffered from prior to the 1991 reforms.
It is high time to jettison Sen and carry on with our historic task of deepening and broadening what I and Professor (Arvind) Panagariya call ‘growth-enhancing’ Track I reforms, and cleaning up the revenues-spending reforms for the poor, which we call Track II reforms, where also Sen has ideas that are harmful to the poor.
Which model of development is best-suited for India?
Certainly not the Kerala model or the Bangladesh model, which Sen has successively advocated without any compelling analysis.
There are aspects of Gujarat development in the post-1991 period, including Modi’s recently, which I admire, as I pointed out in my article on the differences between me and Sen, especially how Gujaratis believe in accumulating wealth, but spending it on social good rather than on themselves.
This is our Vaishnav and Jain tradition; and it is an ideal model.
Modi also has written a book on the environment. He is also totally corruption-free. Gujarat’s social indicators, traditionally on the low side, have also registered remarkable improvement. All this must be applauded.
Click on NEXT to find out what Prof Bhagwati has to say about Narendra Modi...


'Silly for an intellectual to say he will vote against Modi even before seeing his platform'

Last updated on: July 26, 2013 21:47 IST

Do you think Modi’s rule of 11 years shows that his understanding of the economy and financial issues is sound?
I think you ought to ask that of Professor Panagariya who is finishing a book that will closely look at all such aspects of the performance of Gujarat, Bihar, etc. It will be finished before the end of the year.
Unlike Sen, who talks and writes as if he is not constrained by facts or analysis, I am more cautious.
Why have some commentators in India been so harsh, saying you may be simply jealous? Some critics said you were only hurting yourself. Mihir Sharma of Business Standard alleged that you were increasingly getting personal and petty in attacking Sen. Please comment.
This does not surprise me. When I criticised Muhammad Yunus, some Bangladeshis said I was jealous of his Nobel Prize. I do think that it should have been awarded instead to Elaben Bhatt who started SEWA two years before Grameen Bank, is a true Gandhian and not into cultivating influential people who work for your Nobel Prize.
This is journalism which people resort to when they have no arguments. It does not bother me.
Mihir Sharma puzzles me. He writes well, but is the only journalist who keeps saying I am petty and personal and is himself acting ironically that way about me.
What is his evidence?
How do you make your critique of a policy by Sen credible unless you cite the source and quotes: That is what we do in our book!
If he wants to see what personal attacks really are, he should look up the brawls between (Hugh) Trevor-Roper and A J P Taylor and many other British brawls in Oxbridge!
My exchanges with Sen are truly polite, and if Sharma thinks they are ‘personal’ and ‘petty,’ he is really missing the point about how debates are conducted.
I have long debated some of the most important anti-globalisation luminaries — Ralph Nader twice, Naomi Klein, Lori Wallach, the environmentalist Goldsmith among them — face to face, and no one has ever accused me, or them, of being ‘petty!’
Sharma should recommend to Sen that he too watch these debates and enter into such debates instead of making indirect attacks on my arguments.
I might add that Prospect magazine asked me to review the Sen- (Jean) Drèze  book and I declined, saying that it was likely trashy, and I did not wish to destroy their book, if it indeed was, to avoid unpleasantness.
When you say you will not vote for Modi, does it mean that you are more likely to align with Rahul Gandhi in your political choice in the 2014 election?

Why will you not vote for Modi?
If given only two choices of Modi and Rahul then what will be your choice?
Do you think Modi is not for ‘inclusive’ growth?
I do not know why you think I said that I would not vote for Modi! Rather I have said that it is silly for an intellectual to say that he will vote against Modi even before he has seen his platform.
I will wait until I see the political platforms of the BJP (Bharatiya Janata Party) and the UPA, and also see debates, which we must have between their leaders (most likely Modi and Gandhi), and then make up my mind.
For Sen to militate against Modi for the horrific communal violence where many Muslims and some Hindus lost their lives and then to align himself with the UPA despite the pogrom — pogroms are almost entirely directed at one community like the Jews traditionally — against Sikhs at the time of Mrs Indira Gandhi’s assassination, is strange, to say the least.
It is for Sen to tell us how his conscience can be reconciled with his political ambition.
Click on NEXT to find out what Prof Bhagwati has to say about Dr Singh...


'PM is justifiably proud of his achievements since 1991'

Last updated on: July 26, 2013 21:47 IST

On which side is Prime Minister Manmohan Singh likely to stand in the Sen versus Bhagwati debate?
Let us wait and see.
I know the PM very well for the last 60 years; I am indeed his closest economist friend. I know that he is justifiably proud of this achievement since 1991 in undertaking the reforms which Sen has rarely applauded with enthusiasm.
I also had breakfast with Rahul Gandhi and found that he had read my book on globalisation, and we had an excellent conversation about Indian economic policy, etc.
Sonia Gandhi attended my Lok Sabha lecture and even came to have tea afterwards. I have known her from when she came to Columbia with Prime Minister Rajiv Gandhi, and then on her own.
All three are not dummies.
If this debate where Sen has been shown by many to be leading the UPA down the wrong path, and actually harming the poor and hence the UPA’s political fortunes, convinces them to dissociate themselves from Sen, they will indeed do so, since having a flawed prima donna on their side with wrong advice will cost them the election.
Sen may embrace the UPA; the question is whether they will want to be embraced by him once they see that the emperor has no clothes on, if I may use a metaphor.

Discussion Board

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piri
Amartya Sen only stated facts about the Indian economy.
by piri (View MyPage) on Jul 27, 2013 01:12 PM

The first steps towards alleviation of grinding poverty are very difficult ones such as comprehensive land reforms, universal public education and healthcare and very substantial state investments in employment generation.

It is only after these steps are completed to a good degree that growth led by private investments will result in all round and balanced prosperity.

Without these first difficult steps, there is little point in going on and on and on about the imperatives of growth, economic reforms, trade liberalisation, etc.

In other words, the poorest nations must first invest in having a sound social infrastructure that ensures balanced and sustainable forms of growth later.

If economic growth is attempted without first ensuring that it will be sustainable and balanced, then such economies will fail sooner or later. There are innumerable examples across the world for such failures (Argentina, Bolivia, Equador, Peru, Philippines, etc. each of which went for complete liberalisation while being still very very poor and then fell to pieces in under a decade).

And India is a typical case where economic reforms are being attempted without reaching anywhere near the threshold levels of poverty alleviation or balanced development that are required for the success of such reforms.

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jaggu
Can India afford another economist like Amartya Sen?
by jaggu (View MyPage) on Jul 27, 2013 12:57 PM

NO NO No...

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buzzer
ECONOMY DOWN
by buzzer (View MyPage) on Jul 27, 2013 11:52 AM  | Hide replies

The Govt is extremely short on finance. It has therefore instructed all departments to extract money using any means. WHICH IS WHY THERE IS A SPATE OF CASES. Customs , Excise, Service Tax, Income Tax.. etc etc.
Each Govt department is sending show cause notices, demands, summons for taxes, penalty, etc. New types of claims are being fabricated under each law even for businesses which are running legally. In cases where the claims are evidently baseless the Govt departments quietly tell the assessee to come under some compromise settlement so that there is at least some collection. Companies accept this because they cannot afford long drawn litigation - as it is sales are down for all. There is simply no money in the market.



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piri
Re: ECONOMY DOWN
by piri (View MyPage) on Jul 27, 2013 12:54 PM
And in response to such a pitiable state of affairs, the governments (both central and state) invent one excuse after another to allow big time thieves such as the Ambanis, Adanis, Mittals, etc. to rip off larger and larger chunks of state resources and revenue!

And the stuxpid as ever middle classes of India beleive this is development!

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Rajat
Rediff is ..................
by Rajat (View MyPage) on Jul 27, 2013 11:36 AM  | Hide replies

anti-communist.......pro theif.....

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Rajat
Re: Rediff is ..................
by Rajat (View MyPage) on Jul 27, 2013 11:37 AM
like ambani, mittal or bagwanti

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bigben bigben
Denigrating bharat ratna
by bigben bigben (View MyPage) on Jul 27, 2013 11:36 AM  | Hide replies

Sen has lowered himself into the gutter by playing cheap politics and thereby is denigrating his bharat ratna. If he wants to get down into politics he is willingly giving up his stature of bharat ratna and therefore he should not be spared the harshest criticism.

Amartya sen is a martukdya loser.

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shreya
Re: Denigrating bharat ratna
by shreya (View MyPage) on Jul 27, 2013 12:14 PM
I think we as Indians should now stop bashing Sen and focus more on this Gandhi family specially "Sonia" who hides behind this mask of someone who is unapproachable. I mean look at her she has come from abroad assumed authority in India and behaves as if she is above the masses and kind of unapproachable, How come she not be torned to bits by Indian journalist. Why Indian public do not bash her as much as we have bashed Sen. Sen is harmless - I mean he has opinions that we may disagree with but he is not looter. He has plenty of wealth that he has made throughout his career also he is married to member of Rothschild family they are richest here in UK - I suppose in Europe - probably whole of world if I am not wrong. Even bank of England borrows money from this family when they are short of it.

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shreya
Re: Re: Denigrating bharat ratna
by shreya (View MyPage) on Jul 27, 2013 12:15 PM
He has spoken against Obama govts stance on juvenile punishment very strongly in USA. He also condemned in USA treatment of minorities specially Muslims and that they were not being treated as equal. Even in UK he has spoken strongly about failure of multiculturism and said that they have been only practising monoculturism. But public in USA and UK has not bashed him to the extend we Indians have done. I think he is allowed to express his opinion after all every one is allowed to have opinion of their own. We may not agree with Sen but we should give him a pass like we would give pass if Advani or someone of our grandpa age is saying things that we disagree with. The main culprit is Sonia and Sen has become scapegoat in this. How can we persuade this grandpa Sen to stay clear of Indian politics without being nasty to him. After all he has done India proud at least in west we feel that he is Indian who has done India proud. What proud Sonia and Gandhis have done they have only looted us...

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piri
Re: Denigrating bharat ratna
by piri (View MyPage) on Jul 27, 2013 12:58 PM
There is no law stating that bharat ratnas cannot be in politics.

MGR, who was given the BR, was the chief minister of TN.

And Amartya Sen only stated that substantial state interventions and investments are sorely needed in an economy as extremely ridden with poverty as India.

If stating this very obvious fact amounts to politicking, then so be it.

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palanki narayana
Bhagwati has a bee in his bonnet
by palanki narayana (View MyPage) on Jul 27, 2013 11:14 AM  | Hide replies

Shortly after Sen was awarded the Nobel Prize, Bhagwati gave an interview in which he made it clear that he, (Bhagwati) deserved the prize more. Bhagwati's name, alongwith two other Indians was considered later,but the prize went to Krugman.It seems to rankle even now. Bhagwati claims to be objective and not personal, but adjectives like vacuous and silly are unbecoming.
It is indeed true that India had an impressive growth in recent years, but it is naive to claim that poverty has reduced. Ambanis, Mittals and Jindals have pulled up the country's GDP, but the poor remain where they were.

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avinash sharma
Re: Bhagwati has a bee in his bonnet
by avinash sharma (View MyPage) on Jul 27, 2013 11:33 AM
IF IT WERE left to commies and their sympathisers, we would be a nation with no future. communism and so called socialism is the biggest curse on humanity.

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Message deleted by moderator
Mail Reader
Re: Bhagwati has a bee in his bonnet
by Mail Reader (View MyPage) on Jul 27, 2013 11:38 AM
Appears that you were one of the Nobel Prize Committee members! Where from do get to gather this bull$hit?

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palanki narayana
Re: Re: Bhagwati has a bee in his bonnet
by palanki narayana (View MyPage) on Jul 27, 2013 12:51 PM
Krugman, an eminent economist who writes a column for Hindu, wrote about prospective candidates for the Nobel. What you call bullshit is the expert opinion of an informed economist who himself won the prize. This bullshit is available to you too, just google for it.

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kalisankar chattopadhyay
Amartya sen Vs J.Bhagawati Vs. N.Modi
by kalisankar chattopadhyay (View MyPage) on Jul 27, 2013 11:11 AM  | Hide replies

Being an Indian Prof Sen has every right to choose his P.M.similarly Prof.Bhagawati deserves his comment about economic growth,but as a commoner what we have seen that an illuminating Economist-P.M. and perhaps one of the honest Indians failed to yield India an inclusive growth and this despite functioning for a long period of 10 Years! What an IRONY!

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jaggu
Re: Amartya sen Vs J.Bhagawati Vs. N.Modi
by jaggu (View MyPage) on Jul 27, 2013 12:59 PM
Will you allow other men to share your bank balance and wife? Which equality is this on your mind?

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