A seminar on “Economic Models for Inclusive and Sustainable Development” was held at the Lahore School of Economics (LSE).
LSE Rector Dr Shahid Amjad and the Dean of the Department of Economics Dr Azam Chaudhry hosted Friedrich Ebert Stiftung Pakistan Office Resident Director Philipp Kauppert and Prof Hansjörg Herr, author of the Decent Capitalism from the Berlin School of Economics and Law.
Prof Herr discussed the recent global crisis and also discussed how financial bubbles transformed into international panic, with states struggling to rescue and bail out a globalised financial sector.
In his lecture, Prof Herr also argued for a political response that addresses capitalism’s systemic tendency towards crisis – a line of thought which is completely absent from current reform debate. The speaker also discussed the need for realistic as well as coherent industrial policies and exchange rate policies that are relevant for developing countries.
