The International Economic Association (IEA) has appointed Kaushik Basu, who is Chief Economist and Senior Vice President of World Bank, as president-elect of the association.
A WB Chief Economist is appointed for a 4 year term. In Kaushik Basu's case, to take up the WB job, he took leave from Cornell University where he is Professor of Economics and the C. Marks Professor of International Studies.
The IEA is one of the most important associations of professional economists, and has been influential in shaping global economic policy and research. Among IEA past presidents are Nobel laureates Robert Solow, Amartya Sen and Joseph Stiglitz.
With Basu, this will be the second time an Indian will be heading this association that produces a large number of research papers and books and organizes round tables on topics of contemporary interest. Its focal activities include International Congress organized every three years. The event serves as one of the largest gatherings of economists from around the world. The 2014 Congress was held at Dead Sea, Jordan. Previous to that the Congress was hosted by China in Beijing in 2011.
The IEA is the international federation of national economic associations, formed by a core group of academics, scholars and distinguished economists, from developed and developing countries. The IEA was founded in 1950 as a non-governmental organization, with the aim to promote personal contacts and mutual understanding among economists in different parts of the world through the organization of scientific meetings, common research programs and by means of publications of an international character on economic policies and problems of current importance
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