Paul Romer to be World Bank's new Chief Economist
The World Bank (WB) on Monday confirmed New York University's economics professor Paul Romer as its next Chief Economist. Romer, an “endogenous growth theory" proponent, will take the post in September and replace Kaushik Basu, an ex-Chief Economic Adviser to the Indian government. “We’re...excited about his...commitment to tackling poverty...inequality and finding innovative solutions,” WB said. 