Financial crisis demands intelligent response: Sen

Financial crisis demands intelligent response: Sen

New Delhi: Noted economist and Nobel laureate Amartya Sen said on Thursday the present global financial crisis demands an “intelligent" response but the measures taken so far to tackle the turmoil are not good enough.

“It (coming out of the crisis) will depend on how intelligent the response is. At the moment, the response has not been adequately well thought out. But we hope that it will be better," Sen said at a discussion, “Ideas India 2008", hosted by the Aspen Institute India here.

“We have to see to what extent these problems, which are created by human beings, can be solved by an intelligent response to the problem that we have ourselves created, he added. The measures to tackle the problems should not lead to another trouble. “It’s in our hands to change things in a way that we don’t get into the kind of mess in which we have got into now."

Noting that he himself is engaged in an advisory capacity, Sen said many people are involved in finding a way out of the present crisis.

“There are number of initiatives being taken. I am involved in two of them. One with (French) President Nicolas Sarkozy and another with former (British) prime minister Tony Blair. I am meeting him in Paris next month," Sen said.