21st Annual Sir Arthur Lewis Memorial Lecture Focuses on “Gig Economy”

The 21st Sir Arthur Lewis Memorial Lecture will focus on the “Gig Economy”, a new trend in the job market.

Avinash Persaud, non-executive Chairman of Elara Capital PLC and Intelligence Capital Ltd in the UK and Emeritus Professor of Gresham College, UK will present the Lecture, which will be held at the Sir Cecil Jacobs Auditorium, ECCB Headquarters on 9 November.

Persaud is Professor Emeritus of Gresham College in the UK, a former Governor of the London School of Economics and has won the Jacques de Larosiere Award in Global Finance from the Institute of International Finance in Washington. He was voted one of the top three public intellectuals in the world on the financial crisis by a panel of leading experts.

Professor Persaud will speak on the topic: “The Gig Economy, Secular Stagnation and
Sir Arthur Lewis”. The “Gig” economy is the “Uber” economy where virtual organisations contract with independent workers for short-term engagements. Professor Persaud says this new trend resonates strongly with the economy which Sir Arthur Lewis mapped out in his book “Economic Development with Unlimited Supplies of Labour”.

The Eastern Caribbean Central Bank (ECCB) began hosting the Annual Sir Arthur Lewis Memorial Lecture series in 1996, in honour of the memory of Sir Arthur Lewis, Nobel Laureate in Economics, who made a significant contribution to Caribbean regional integration.

Following the Lecture, ECCB Governor, Timothy N. J. Antoine, will present the
8th Annual Sir Arthur Lewis Memorial Book Award to Nigel Scott, Director of the
St Vincent and the Grenadines Community College. The book award is presented annually in alphabetical order to a selected college in the respective ECCU# member country.


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