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Kaushik Basu, emerging economies and the global crisis

(Source: Festival of Economics )

On the second day of Trento Economics Festivals 2013, Kaushik Basu, Senior Vice President for Development Economics and Chief Economist at World Bank, dealt with the topic "Emerging economies and the global crisis".
Some people claim that the invisible hand is qualified as such simply because it doesn't exist. In any event, it is evident that with the increasing globalization of markets poverty has certainly not been reduced. On the contrary, inequalities are on the rise, both between states and within national confines. A biting critique of contemporary capitalism paves the way for an alternative and more equal vision of the economy, but also of society.