The inaugural annual public lecture at the University of Leicester Management Centre on 14 June 2001 was given by Professor Ravi Kanbur, TE Lee Professor of World Affairs at Cornell University.
A distinguished economist specialising in development economics, Professor Kanbur’s lecture explored the theoretical tensions existing within what he termed the ‘finance ministry’ – the economics policy-making community.
Professor Kanbur has held posts at Princeton, Cambridge, Essex and Warwick and he was a diplomat in Ghana for the World Bank, for whose World Development Report he was lead author.
The report is a key reference point for policy discussions and interventions. Professor Kanbur’s approach marked a departure from orthodox economics, addressing the effects of poverty on individual groups rather than relying on generalities of formulae. This won him respect from groups that have traditionally criticised the activities of the World Bank. He later resigned from authorship of the report when he felt that the United States Treasury was attempting to dilute central points in it. This he wryly describes as his ‘fifteen minutes of fame.’
Director of the Leicester Management Centre, Professor Peter Jackson, said: “We were delighted that a speaker of such world renown – and a man of such integrity - was able to give the first of our annual lectures. We hope very much that our association with Professor Kanbur will continue with further visits in the future.”
NOTE TO NEWSDESK: For more information, please contact the Management Centre, University of Leicester, tel 0116 252 3991.
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