'Underdeveloped nations vulnerable to global economic crisis'

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The Analytical and Applied Economics Department of the Utkal University organised a seminar “Major Trends in Global and Regional Trade and Finance” here.

Dr Priyadarshi Dash, a globally acclaimed expert on international trade and finance, working at the Research and Information System for Developing Countries, New Delhi spoke on the occasion.

Dr Dash highlighted the global and regional trends in international trade and finance from the perspective of the underdeveloped countries.  He held that although the global financial crisis of the first decade of the new millennium seems to have subdued and countries like India has been able to show a significant amount of resilience against the odds of the global crisis, the cyclical nature of the crisis as well as the longer term impacts of the crisis are not going to fade away for the underdeveloped economies.

Head of the Department Dr Siba Sankar Mohanty focused on the increasing role of trade stabilization policies in securing economic growth of a country like India.

The interactive session with a participation of more than a hundred students ended with the formal vote of thanks by Professor Dr Himanshu Sekhar Rout

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