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Annual Report 2009-10
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:: PRESS RELEASES |
Exim Bank Announces The Winner Of IEDRA (International Economic Development Research Annual) Award 2009
Presentation of Exim Bank IEDRA Award 2009 by Dr. Kaushik Basu, Chief Economic Advisor, Govt. of India, Ministry of Finance, to the Award winner, Dr. Debasis Mondal in the presence of Mr. T.C.A. Ranganathan, Chairman & Managing Director, Exim Bank of India, at the Award Function held in New Delhi on July 26, 2010. Exim Bank's Occasional Paper titled "Innovation, Imitation and North South Trade" was also released by Dr. Kaushik Basu at the function.
1. Dr. Debasis Mondal is the winner of Exim Bank of India's International Economic Development Research Annual (IEDRA) Award 2009 for his Doctoral dissertation titled "Innovation, Imitation and North South Trade: Economic Theory and Policy". The Exim Bank IEDRA Award 2009 was announced by Mr. T.C. A. Ranganathan, Chairman and Managing Director, Exim Bank, at an award function held on July 26, 2010, in New Delhi. The Award consisting of Indian Rupees One Hundred Thousand and a Citation were handed over by the Chief Guest, Dr. Kaushik Basu, Chief Economic Advisor, Government of India, Ministry of Finance, New Delhi, who also released Exim Bank's Occasional Paper titled "Innovation, Imitation and North South Trade: Economic Theory and Policy", which is based on the Award winning thesis.
2. Mr. T.C. A. Ranganathan, in his opening remarks, highlighted that the Exim Bank IEDRA Award, instituted in 1989, is given for Doctoral dissertations in the area of international economics, trade & development and related financing by Indian nationals from Indian or foreign universities. The year 2009 was the twenty first year of the Award. Commenting on the Award winning thesis, Mr. Ranganathan noted that the research study addresses a critical issue of the relationship between the developed North and the developing South in their quest for economic growth and development and opined that the study would provoke interest among researcher scholars to carry out further research in the area. Commending Exim Bank for its initiative in promoting research in international economics, trade & development, Dr. Basu noted that Exim Bank's IEDRA award is a milestone in the area of promoting original research work.
Winning Thesis
3. Dr. Debasis Mondal obtained his Doctorate from the Indian Statistical Institute (ISI), Kolkata in 2009 and at present is Post Doctoral Fellow in the Department of Economics, National University of Singapore. In his thesis, Dr. Mondal has analysed the effect of stronger IPR protection policy adopted by the developing countries on the long term rate of economic growth, technology transfer and North South distribution of income. The effect of greater economic integration between the North and the South (or, globalisation) on the growth and welfare of nations is also analysed. The analysis, theoretical in nature, is well supported by empirical evidences throughout the study.
4. Theoretical models that try to shed light on these issues generally rely on the North-South framework with an innovating North and an imitating South. This type of framework is important because the design of a system of IPR protection poses a clear trade-off to a welfare-maximizing government. On the one hand, stronger IPR protection provides increased incentives to undertake risky innovative activities; and, on the other hand, this raises the number of monopoly sectors in the economy which limits the aggregate output. Also, in the present day world where the different economies are highly integrated through trade, any policy adoption in one country must affect its trading partners. In the award winning study, a few theoretical problems related to North South trade and economic growth with special emphasis on policy of strengthening intellectual property rights protection in the South is analysed. The debate between the North and the South about the enforcement of the IPR protection is re-examined within a dynamic general equilibrium framework in which the North invents new products and the South imitates them. The growth and welfare effects of stronger IPR protection policy adopted by the South in an exogenous imitation model and the effectiveness of the same policy using an endogenous imitation model is evaluated in the thesis. The study also relates the issue of stronger IPR protection in the South with multinationalisation (or, foreign direct investment from the North to the South), unemployment of the unskilled workers and domestic wage inequality in the South.
Exim Bank of India
5. Exim Bank is engaged in financing, promoting and facilitating India's international trade and investment. The Bank offers to Indian companies a comprehensive range of finance, information and advisory services, supported by analysis and research, with a view to enhancing their international competitiveness. The International Economic Development Research Annual Award represents the Bank's ongoing efforts at promoting research and analysis in the area of international economics, trade & development and related financing.
For further information, please contact
Mr. David Sinate,
General Manager,
Export-Import Bank of India,
Centre One Building, Floor 21,
World Trade Centre Complex, Cuffe Parade,
Mumbai 400 005.
Telephone: (022) 22172322,
Fax:(022) 22180743.
E-mail:dsinate@eximbankindia.in
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