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Sandeep Mahajan, World Bank’s Lead Economist for Vietnam

Sandeep Mahajan, World Bank's Lead Economist for VietnamSandeep Mahajan has been the World Bank’s Lead Economist for Vietnam since September 2013. In that capacity, he heads the Bank’s policy dialogue on a broad range of economic management issues with the  relevant government agencies.

A development practitioner with close to 15 years of experience at the World Bank, he has led complex policy-oriented loans to developing countries and provided extensive advice to governments on issues related to pro-poor growth, macro stability, trade policy, and labor markets.

His research interests and publications cover the fields of macroeconomics, economic growth, volatility and inequality, and financial sector development. Born in New Delhi, India, Mr. Mahajan received his B. Com (Hons) from Delhi University and his PhD. in economics from Georgetown University.

Recently he published an update of Vietnam’s economy, “The Taking Stock,” a bi-annual assessment of Vietnam’s economy that identified several critical risks to macro-economic stability, including: (i) low foreign exchange reserves; (ii) fragile private sector demand, (iii) possibility of departure from fiscal and monetary discipline; (iv) slow progress on structural reforms; and (v) loss of confidence in a fragile banking sector.

 

Mo, Sep 19 Economic Dynamism: Growth and Overcoming the Limits of Geography


When: Mon, Sep 19th 2011 12:00 pm to 1:30 pm
Where: New World Hotel Saigon, Ho Chi Minh City

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Event Description

Effective decision making requires an understanding of the incentives of economic growth and the interaction of growth and trade over time. The effective combination of labor (population growth and quality and quantity), capital, technology, and entrepreneurship—the factors of production—produce what kings wanted in the sixteenth century and what consumers desire today, while creating growth and raising the standard of living for society. Entrepreneurs earn their profits by meeting those needs. Differences in the standard of living within and among countries reflect the ability of the entrepreneurs to combine these factors. Public policy can play an important role in assisting with this process, although, all too often, policy makers exploit growth and trade for short-run political interests rather than long-run economic gains. Often overlooked by policy makers is the set of incentives needed to ensure the delivery of these inputs to improving the standard of living.

We will review these elements of decision making and growth and apply them to the outlook for the U.S. economy and its implications for Asian economies.

Agenda

12:00pRegistration of participants
12:30pLunch is served
1:00pEconomic Dynamism: Growth and Overcoming the Limits of Geography by John E. Silvia
1:30pEvent ends

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Vietnam looks to slash public spending

HANOI. Mar 31, 2011. Vietnam is expected to cut public investment by 50 trillion dong ($ 2.4 billion) or 7.4% this year, the central bank said Thursday, in its latest attempt to restore economic stability.

Prime Minister Nguyen Tan Dung, who met with state officials late Wednesday to review the implementation of anti-inflation measures announced last month, asked ministries, provinces and industries to reduce their investment capital in various projects, the central bank said in a statement posted on its website. By reducing investment levels, authorities are hoping to curb the amount of cash circulating in the economy, which in theory should cool growth and help bring inflation down.

Economist Vuong Quan Hoang from Hanoi-based DHVP Research & Consultancy said the government will find it very difficult to cut such a large amount of spending because many of the projects are run by groups with connections to government officials. “It’s not in interests of anyone to cut off the funding,” the economist said.

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