Kaushik Basu is Senior Vice President and Chief Economist of the World Bank. He is the second Chief Economist from a developing country and the first Indian. Prior to this, he served as Chief Economic Adviser to the Government of India and is currently on leave from Cornell where he is Professor of Economics and the C. Marks Professor of International Studies. Mr. Basu holds a PhD in Economics from the London School of Economics, and is a Fellow of the Econometric Society. He received India’s Padma Bhushan award and the National Mahalanobis Memorial award. His contributions span development economics, welfare economics, industrial organization and game theory. He has taught at the Delhi School of Economics, Harvard, Princeton and MIT, and published widely in refereed journals, scholarly volumes, magazines and newspapers. He has authored several books including Beyond the Invisible Hand.