Lecture on “Virtual Trade, Comparative Advantage and Growth – The Fourth Dimension”

Prof. Sugata Marjit

Reserve Bank of India Professor of
Industrial Economics Centre for Studies
in Social Sciences, Calcutta (CSSSC) and Factor endowments, apart from the fact that any kind of trade
3.30 PM on April 9th 2018
Old Conference Hall, Second Floor
Indian Institute of Foreign Trade, New Delhi what extent they are different. Even when symmetry or similarity is the
Followed by Classical Vocal
by Prof. Sugata Marjit
Lecture Overview
International Trade, as we understand from the standard mainstream text
books and ideas, primarily depends on three dimensions- Technology, Tastes
requires enabling reduction in transportation costs. But why countries trade
at all with each other depend critically on asymmetries across nations i.e. to
driving force as between USA and Europe or between rich countries, love for
variety of products becomes a critical factor behind trade. But none of the
existing models of international trade actually tells you the story of how
Bangalore got linked with Silicon Valley in USA at the very beginning of the
cyber age and how India being separated by USA by a non-overlapping
time zone allowed both countries to exploit a nature driven comparative
advantage once the information and communications technology
underwent radical transformation. This is when “Time” started playing a role
in Trade Theory and in India’s strive towards a structurally different growth
trajectory. This is about exchange of ideas, knowledge and trade in virtual
networks. This is about Time as the fourth dimension that drives global
transactions and determines pattern of trade in a virtual world. It challenges
the concept of distance in trade, may reduce inequality across nations but
can increase the same within. This can also affect investment and finance.
Classical Vocal Performance by Prof. Sugata Marjit at 5.30PM on Apr 9th 2018 at Indian Institute of Foreign Trade
Sugata Marjit [born: 1959] is an unusual
musician. He is an eminent economist and
combines academic activities with a
growing presence on the music circuit. His
Khayals are a lot like the films of Goddard
-- they have a beginning, a middle, and
an end; but not in that order.
Prof. Marjit’s brand of music qualifies him
as the messiah of postmodernism in
Hindustani music. Sugata also composes
music for the theatre and television. In
1995, his work in the theatre earned him
the West Bengal State Academy Award
for the best musical score.
On Apr 9th 2018, at Indian Institute of
Foreign Trade, followed by his Lecture, he’s
going to perform his Khayals.
Check out here Prof. Marjit’s complete CV
Check out here Prof. Marjit’s Musical CV