Former Professor of Economics, Indian Institute of Management Calcutta, India where he taught for more than 30 years. He obtained his PhD from University of Rochester, USA. Prof. Ray has also taught at Calcutta University, Delhi School of Economics, Cornell University (USA), University of Rochester (USA), University of Pittsburg (USA), Portland State University (USA), Queen’s University (Canada) and Monash University (Melbourne, Australia). He is the author of a book: Trade, Protection and Economic Policy (Macmillan) and many professional articles in leading international journals. In addition, he writes regular columns on contemporary issues in several English dailies. Professor Ray has been a consultant to United Nations, World Bank, Government of India and a number of private sector companies. He is a recipient of the prestigious V.K.R.V. Rao Award in Economics for his research contributions and the “Best Teacher of Economics” Award by Bengal Economic Association.