Mission:

CEFg is a multi-disciplinary research center with focus on economic analysis of development failure in fragile and weak states and design and evaluation of innovative public policies and governance regimes. The recent revival of interest among economists in public policy and governance is not random; it has deep theoretical underpinnings. New growth economists have challenged the market driven predictions of neoclassical economists that countries will converge in growth and income distribution. So the current conventional wisdom stemming from the ground reality seems to be that the complexity of economic and social regress can be better explained by understanding the dynamics and constraints of domestic policies and institutions in the global context.

The idea to develop a research center focusing on developmental issues of fragile economies and various aspects of economic fragility emerged in 2012 when   economics and finance faculty members at Amrita School of Business scattered over 4 campuses of the university started participating in collaborative research. In addition to in-house economists, international experts in the field have also shown interest in this research endeavour. Besides promoting and disseminating applied research on development failure and policy, capacity building through professional education for researchers and public policymakers will occupy a vital engagement for the center in the medium term.

The approval for creating this center was obtained from the Chancellor of Amrita University (World renowned humanitarian leader, Sri Mata Amritanandamayi Devi, AMMA) on January 1 2014. The university level approval was granted to the center on May 17 2015 in its proposed form involving Economics oriented faculty in the 4 campuses of ASB and highlighting its virtual nature.

Objectives:

Short term objectives:

Undertake academic and policy oriented research in areas of development failure and public governance

Develop a working paper series in economics and public policy;

Organize thematic workshops and national and international conferences;

Forge links with centers of excellence in economic development and public policy studies in India and abroad.

Medium term objectives:

Publish an international journal to share research outputs of different scholars in the field

Design and implement programs on executive education in matters of public affairs and management