Address on challenges of development cosponsored by Harvard South Asia Initiative
BOSTON - The Honorable Palaniappan Chidambaram, the finance minister of India and a member of the Harvard Business School MBA Class of 1968, returned to HBS on Oct. 18 to deliver the 2007 Harish C. Mahindra Lecture on "Poor Rich Countries: The Challenges of Development."
The event was cosponsored by Harvard University's South Asia Initiative and Harvard Business School and made possible by a generous gift from the family of the late Mr. Mahindra, a Harvard College alumnus and a pioneer in the firm of Mahindra & Mahindra Ltd., a maker of off-road vehicles and tractors and part of the Mahindra Group, one of India's largest and most prominent conglomerates.
Speaking in Harvard Business School's Spangler Auditorium before a filled-to-overflowing audience comprising students and faculty from across the University, including HBS, Harvard Law School, and the Kennedy School of Government, Chidambaram told a tale of two Indias - a country rich in natural and human resources but unable to take full advantage of them because of the prevalence of poverty (a third of the population of 1.1 billion people lives on an income of less than a dollar a day), inadequate schools and health care, and interest groups that favor the status quo rather than progress.
Source: Harvard Business School
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