The Initiative for Policy Dialogue, also known as IPD, is a Columbia University based American non-profit organization of global economic reach and importance. Joseph E. Stieglitz the famous Nobel winning laureate in economics founded the group back in July of 2000. In this endeavor he had the financial support of such important heavyweight groups as foundations and governments. These included the Rockefeller, Ford, Mott, and McArthur Foundations as well as the governments of both Sweden and Canada.
This Initiative for Policy Dialogue proves to be an international network of over 250 world renowned economists, civil society representatives, political scientists, and active practitioners of various backgrounds from around the whole world. Their backgrounds are diverse and well represented of various inter-disciplines. The IPD uses this wide range of skills and tremendous resources in order to assist nations with effective solutions for urgent challenges, issues, and problems. They are also interested in building up the developing national institutions as well as civil societies.
It is the mission of the Initiative for Policy Dialogue to carry the pressing areas of concern from the developing world to both academics and American and other developed nations’ policymakers and governments. Joseph Stieglitz the driving force behind this organization is well-placed and -suited to do this with his connections to governments and academia around the world. He serves as co-President of the organization.
As the Columbia University ranking “University Professor” in Economics at their business school, he is also involved with their School of International and Public Affairs. Stieglitz also serves as their Committee on Global Thought Chairman. He has chaired the United Nations Commission known as the “Experts on Reforms of the International Monetary and Financial System.”
The U.N. established this committee after the devastating Great Recession, financial collapse, and economic crisis of 2007-2009 under the auspices of the President of the General Assembly. He has also served as the World Bank’s Senior Vice President and Chief Economist, as well as President Clinton’s Chairman of the Council of Economic Advisors. Stieglitz earned the Nobel Memorial Prize in Economics back in 2001. It is hard to find a more impressive resume in the world of economics. He was named among the top four most influential economists in the world.
The other co-President of the Initiative for Policy Dialogue is José Antonio Ocampo. Ocampo also works as Professor for the Columbia University School of International and Public Affairs. He is similarly a Member of the Columbia University Committee on Global Thought. Ocampo is internationally known for his role as the Chairman of the U.N. Committee for Development Policy. He has also served as Under Secretary-General at the United Nation’s ECLAC Economic Commission for Latin America and the Caribbean. Previously he held the post of Colombia’s Minister of Finance, Planning, and Agriculture.
The Initiative for Policy Dialogue has four main programs that help them to impact public policy and shape the world. Their Task Forces help experts from around the world to collaborate in order to investigate complicated issues of development so that they can offer alternative policies to governments. Their Country Dialogues work to better the quality of decisions which policy makers engage in regarding issues covering economics.
Their Journalism Program is the outlet which they use to improve the economic literacy of journalists so that they are able to more effectively report on the complex economic topics that affect developing nations. The Educational Programs attempt to explain the various issues combating both local and global decision making in the developing nations of the world.