“In Greece the GDP fell by 25% in five years, unemployment reached 28% while public debt as percent of GDP rose to 175% reflecting mainly the collapse of output,” according to Dr. Yannos Papantoniou
in a lecture delivered at the Lahore School of Economics May 5, 2015.
Dr. Papantiniou, Former Economy and Finance Minister of Greece (1994-2001) and President of the Centre for Progressive Policy Research, in his lecture “Economic Crisis in Greece and the Future of the Euro” was of the view that if talks between the lenders (ECB, IMF, and the EU) and Greece stall, Greece’s economy would sink further into recession, and social tensions would rise as living standards would register a further sharp decline.
He emphasized that Greece’s economic problems did not arise during the process of acceding to the euro area, but began when large current imbalances emerged among member countries soon after the currency union’s creation in 2000. Massive current account deficits in the weaker economies led to the accumulation of public and private debt while the northern Europeans were running surpluses.The policies that the eurozone has initiated to tackle the debt crisis have been inadequate and even self-defeating.
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Labels: Greece, International Economy, Lahore School
posted by S A J Shirazi @ 5/05/2015 02:48:00 PM,
The Lahore School of Economics and the World Bank jointly organized a brainstorming session on poverty measurement and policy at the Main Campus on 17 April 2015. The session was intended to get an open discussion going on issues in the measurement of poverty, and its implications for policy, and to facilitate the formation of an independent expert group to guide the process of arriving at a credible methodology and process for measuring and monitoring poverty.
Opening comments were made by Dr. Shahid Amjad Chaudhry, Rector, Lahore School of Economics; Mr. Asif Bajwa, Chief Statistician, Pakistan Bureau of Statistics; and Dr. Naeemuz Zafar, Ministry of Planning Development and Reform. Following that, Dr. Ghazala Mansuri, Lead Research Economist at The World Bank gave a presentation on “Poverty debate in Pakistan: What accounts for the disconnect between the data and perceptions?” This raised issues for discussion on lack of confidence in the quality of official surveys such as the Pakistan Social and Living Standards Measurement Survey (PSLM) and the Household Income and Expenditure Survey (HIES), lack of confidence in the official consumer price index as a measure of inflation faced by the poor, especially in rural areas, concerns about the basket of goods and the calorie threshold used for estimating the poverty line, and the method used for tracking trends.Read more »
Labels: Pakistan, Pakistan Economy, Research, World Bank
posted by S A J Shirazi @ 4/24/2015 09:18:00 AM,
The Lahore School of Economics in partnership with Oxford University hosted a conference on Microfinance and Enterprise Development. The objective of the conference was to bring together speakers from microfinance institutions, donors, academics and practitioners from Pakistan and outside of Pakistan. During this one-day event there was a detailed discussion on current and future research on microfinance with the purpose to start a conversation on the roles research can play in the future to help the sector achieve its goals of poverty alleviation, financial inclusion and sustainable enterprise growth. The conference was conducted as part of an on-going project on a comparison of Demand for Microcredit and Microsaving in a Framed Field Experiment in Rural Pakistan, which is funded by Economic and Social Research Council-Department of International Development (ESRC-DFID).
The conference started with welcoming remarks by Dr. Shahid Amjad Chaudhry (Rector, Lahore School of Economics). The keynote speech was delivered by Dr. Rashid Bajwa who showed that the microfinance sector in Pakistan has witnessed a tremendous growth – from 164 thousand borrowers in 2003 to 3.3 million borrowers in 2015. At present, there are 50 microfinance providers operating in the country. Moreover, the sector continues to attract foreign investment.Read more »
Labels: Lahore School, Microfinance, Oxford University
posted by S A J Shirazi @ 4/20/2015 09:50:00 AM,
The Lahore School setup its first free medical health camp at Sharif Hospital, Burki Road on 9 April 2015. A team of 2 doctors were appointed to treat ailments ranging from basic muscular spasm to chronic stomach and intestinal disease.
The patient turnover was overwhelming with a total of 135 people treated in a day. These patients were offered free consultation by Dr Bakir (General Physician) with the cost of medication funded by The Lahore School of Economics.
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Labels: Lahore School, Social Responsibility
posted by S A J Shirazi @ 4/18/2015 09:50:00 AM,
It is the right time of the academic year as students will be applying for internships and jobs. In order to orient students and prepare them for interviews, Management Society of Lahore School of Economics has conducted “Enhancing Job Interview Skills Workshop” on 8 April 2015 as a part of the corporate mentorship workshop series which are designed to train and facilitate students for their transition from campus to corporate.
This workshop was conducted by Ms. Rumessa Naqvi. The workshop started with job interview role-plays and these role-plays were conducted to highlight the dos and don’ts of a job interview. Later in the discussion, videos of mock interviews of former Lahore School student were also shown. With the help of these demonstrations of job interviews, Ms. Rumessa Naqvi reinforced the key skills for an ideal job interview.
Corporate Mentorship Workshop Series
Labels: Academic Club
posted by S A J Shirazi @ 4/18/2015 09:35:00 AM,
16-17 April 2015
Labels: Annual Conference, Environment
posted by S A J Shirazi @ 4/16/2015 10:04:00 AM,
Mr. Azfar Hassan, founder and CEO Matrix Sourcing delivered a lecture a to the MBA students. The topic of his discussion was ‘Successful Rules of Marketing and the STAR Sale Strategy’, on which he imparted valuable knowledge to the attendees. He explained how these rules were applied in his organization and other successful firms such as Nike and Adidas. He discussed a variety of scenarios such as the decline in international sales of Pakistani products due to security issues and possible solutions to this challenge.
Labels: Guest Speaker
posted by S A J Shirazi @ 4/16/2015 09:09:00 AM,
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