Club Lunch: The Transformation Age – Education, Women, Inflation

Mr. Bhalla shared his insights on how education has transformed the world – with the decline of poverty, the rise of the middle class and the catch-up by developing nations with the advanced economies since the Second World War. Even the death of inflation in the developed world and parts of Asia – including Hong Kong, China and Singapore – is the product of global progress in college education, because of the huge supply (oversupply) of college graduates in the non-Western world. He also talked about perhaps the biggest story of our times – emancipation, equality, and the educational dominance of women – that has been made possible by changes in opportunities and outcomes in schooling.

Surjit S. Bhalla is a Senior India Analyst for the Observatory Group, a New York based macroeconomic policy advisory firm and Chairman of Oxus Research & Investments. In October 2017 he was appointed a member of Prime Minister Narendra Modi’s newly-formed Economic Advisory Council. He is the author of Imagine There’s no Country (2002), Devaluing to Prosperity (2012), and most recently (2017) The New Wealth of Nations, among other titles. He holds a PhD in Economics from Princeton University, a Master in Public and International Affairs from Woodrow Wilson School, Princeton University, and a BSEE degree from Purdue University.