SUGGESTION TO WTO DIRECTOR-GENERAL PASCAL LAMY To:               The Right Honorable World Trading Organization Director-General Pascal Lamy    From:           Athinarayanan Sanjeevraja Date:            October 22, 2011 RE:               Future Multilateral Trading System Suggestion:    Strengthen the Multilateral Trading System.     Good Morning Sir. You were talking about defining elements of tomorrow’s multilateral trading system at Deutsche Bank in Berlin on October 6, 2011. The multilateral trading system has been an enormous contributor to global prosperity by opening up markets around the world. WTO encompasses both positive and negative integration. Agreements to enforce minimum standards, for instance, provide patent protection of at least 20 years duration. WTO goes beyond negative integration, for instance, agreement not to exceed a certain maximum tariff on a product, not to discriminate against foreign goods through domestic consumption

SUGGESTION TO THE BANK OF ENGLAND GOVERNOR SIR MERVYN KING To:               The Right Honorable Bank of England Governor Sir Mervyn King   From:           Athinarayanan Sanjeevraja Date:            October 17, 2011 RE:               QE Suggestion:    Identify and correct the fundamental factors that are behind low economic growth.  Good Morning Sir. The Bank of England has decided to undertake more QE. I agreed that during the financial crisis of 2007-2008 monetary policy was effective in re-establishing liquidity in the main developed economies especially US, UK and Europe. But current economic conditions in developed economies reveal problems whose solutions are far beyond the scope of monetary and fiscal policy. In my view that QE just postpones and magnifies the needed adjustment to the lower debt to GDP ratio. When that policy expires, sentiment falls unless there is a stable exit strategy. Presently, the BoE faces the challenge to exit t