The Third Pillar: Are Communities Being Left Behind?

Date/Time
Date(s) - 03/06/19
5:15 pm - 6:30 pm

Location
Chicago Council on Global Affairs

Hosted by
Chicago Council on Global Affairs


The Third Pillar: Are Communities Being Left Behind?

Chicago Council on Global Affairs

Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance, University of Chicago; Former Governor, Bank of India

We’re doing it wrong. As government and the market economy, two highly debated and complex pillars of our society, become more sophisticated and powerful, the core of society, the community, the third pillar, is being lost. When the gap between communities and the political and economic elite grows too wide, it has manifested itself in violence and populism. With communities left out of the equation, Raghuram Rajan suggests that we are “doing it wrong.” In an era of globalization and digital connectivity, what does a healthy third pillar look like? Will a shift to stregthening and empowering local communities be the answer to growing economic disparity and political unrest?

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Raghuram Rajan

Katherine Dusak Miller Distinguished Service Professor of Finance, University of Chicago; Former Governor, Bank of India

Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance for the Booth School of Business at the University of Chicago. He was the 23rd Governor of the Reserve Bank of India (2013-2016). Previously, he was the Chief Economist and Director of Research at the International Monetary Fund (2003-2006). Rajan has written multiple books including I do What I do: On Reform, Rhetoric, and Resolve and Fault Lines: How Hidden Fractures Still Threaten the World Economy. He is a member of the Group of Thirty and the American Academy of the Arts and Sciences. Rajan was the President of the American Finance Association in 2011. He has an MBA from the Indian Institute of Management and a PhD from the Massachusettes Institute of Technology. 

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