Born in Castries St Lucia on 23rd January 1915, Sir Arthur Lewis would win the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 1979. A former lecturer and Vice Chancellor of The University of the West Indies (1959)), he was knighted in 1963 and then went on to lecture at Princeton University. In 1970, he became Director of the Caribbean Development Bank.
His prize winning work is an economic model that examines the problems facing developing nations. His landmark dual sector model explains why in developing nations, so often, wages remain low and capital rents high, even as development continues at a pace. After retiring from academia, Sir Arthur Lewis returned to the Caribbean. In 1991 he died and was buried on the grounds of the St Lucia community college named in his honour.
Sir Arthur Lewis Memorial Conference
September 25th - 27th 2008
Development Challenges in the 21st Century [read more]