A history of providing refuge for independent-minded economists

September 24, 2024

Nurul Islam, one of Bangladesh's founding economists, in the 1970s. Photo courtesy Roumeen Islam.

2024 has been described as the global year of elections – and by the time we began the 2024 academic year over 25 national elections had occurred. In some countries, new elections have already been called. 

In Bangladesh this August, an interim government was sworn in, led by Nobel Peace laureate Muhammad Yunus. This followed student-led protests against the previous authoritarian regime over the summer, a violent crackdown, and the ousting of the government. In September, EGC affiliate Mushfiq Mobarak convened students, civil society activists, researchers, and policy leaders at Yale to discuss the way forward, which will include a new election.

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Mushfiq’s efforts follow a long tradition of Yale economists engaging in Bangladesh and supporting movements toward freedom and economic justice around the world. A mentor of Muhammad Yunus, Nurul Islam, was the architect of the economic rationale for Bangladesh’s independence movement from United Pakistan in the 1960s and 70s. When war broke out and his life was at risk, Islam found refuge at Yale and intellectual support for his ideas among the founding team of EGC. “My father immediately had a family there," said his daughter Roumeen Islam, in an interview for our profile, which we publish today. Roumeen Islam is the Senior Economic Advisor to the Managing Director of the International Finance Corporation of the World Bank Group.

Around the same time, EGC also served as a safe haven and intellectual home for Latin American economists – some having been forced out of their positions in their home countries by repressive regimes. These included Celso Furtado and Carlos Diaz-Alejandro; and EGC now provides support for Latin American graduate and postdoctoral scholars at Yale in memory and celebration of the life and work of Diaz-Alejandro through the endowment fund established by a circle of friends and donors in his name.

As we set out on Academic Year 2024-25, we look forward to serving as a forum for forward-thinking economic ideas through our teaching, researchevents, and by hosting visitors from around the world. We hope you will join us.


Rohini Pande 
Henry J. Heinz II Professor of Economics
Director, Economic Growth Center

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