Evidence receipt / prediction
Published · transcript-backedRaghuram Rajan: prediction
13 Mar 2019 Conversations with Tyler Raghuram Rajan on Understanding Community
“Once we reach middle income, to grow further, I think we need an intellectual openness, which only the kind of democracy we have — the open dialogue, a respectful dialogue — will generate the kinds of innovative forces that will take us more to the frontier.”
Source trail
Everything needed to verify it.
- Speaker
- Raghuram Rajan
- Attribution
- Verified speaker
- Claim type
- prediction
- Recorded
- 13 Mar 2019
- Publisher
- Conversations with Tyler
Transcript context
…But someone like Ramachandra Guha — what he symbolizes intellectually — do you think that would be a growing part of India’s future? Or that will dwindle as colonial ties become smaller, the United States less important in global affairs? I think that an open, liberal, tolerant country is really what we need for the next stage of growth. We are now reaching middle income. We could go a little faster. We should go a little faster there. Once we reach middle income, to grow further, I think we need an intellectual openness, which only the kind of democracy we have — the open dialogue, a respectful dialogue — will generate the kinds of innovative forces that will take us more to the frontier. So I keep saying, and I say this in the book, we’re very well positioned for the next stage of growth, from middle to high income. But we first have to reach middle income. Do you worry much about premature industrialization for India? The percentage of jobs and manufacturing has been declining for some while, but India’s not yet quite a middle-income country.…
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