Bhaskar Chakravorti

Bhaskar Chakravorti

160 Packard Avenue, Medford, MA 02155
Research/Areas of Interest:

Technology Advancement; Entrepreneurship; New Venture Formation; Strategies for Emerging Markets; Game Theory; Asymmetric Information; Implementation Theory; Auctions and Mechanism Design


  • Ph.D., Economics, University of Rochester
  • M.A., Economics, Delhi School of Economics
  • B.A., Economics with Honors, St. Stephen's College, Delhi University


Bhaskar Chakravorti is the dean of global business at The Fletcher School at Tufts University and founding executive director of Fletcher's Institute for Business in the Global Context. The Institute's objective is to "connect the world of business with the world." At the Institute, Bhaskar has launched multiple initiatives, e.g. The Digital Planet, Inclusion Inc., The "Turn?" Conference series, among others.

In addition, Bhaskar also serves on the World Economic Forum's Global Future Council on Innovation and Entrepreneurship, is an advisory board member for the UNDP's International Center for the Private Sector in Development based in Istanbul, is a non-resident senior fellow at the Brookings Institution India, and is the Senior Advisor for Digital Inclusion at the MasterCard Center for Inclusive Growth. He is a regular writer and columnist for multiple widely read publications, e.g. Harvard Business Review, Forbes, The Guardian, Indian Express, Huffington Post, and is a former op-ed columnist on Innovation for the Washington Post. He is the author of the widely acclaimed book, "The Slow Pace of Fast Change: Bringing Innovations to Market in a Connected World" (Harvard Business Press). His papers and articles appear in top-tier academic journals, multiple books and in widely-read media, e.g. New York Times, Wall Street Journal, Financial Times, Washington Post, CNN, Foreign Affairs, BusinessWeek, and CNBC. He has provided commentary to the media, e.g. BBC, National Public Radio, Al Jazeera, CCTV, NBC, New York Times, WSJ, The Economist, The Times of London, and Times of India, among many others, on a variety of issues ranging from innovation to digital transformation to sustainable development.

Prior to joining Fletcher, Bhaskar was a partner of McKinsey & Company, on the faculty of Harvard Business School and a distinguished scholar at MIT's Legatum Center. He was a leader of McKinsey's Innovation and Global Forces practices and taught innovation and entrepreneurship at Harvard. Prior to McKinsey, he was a Partner at the Monitor Group, a game theorist at Bellcore (formerly Bell Labs), on the economics faculty of the University of Illinois at Urbana-Champaign and was selected to be an officer of TAS, the "talent pipeline of leaders" for India's Tata Group.

In a 30 year career, he has been an advisor to CEOs and senior management of over 30 companies in the Fortune 500 and worked across the Americas, EU, Asia and Africa, and multiple industries. Bhaskar's Ph.D. in Economics is from the University of Rochester and his M.A. from the Delhi School of Economics and B.A. (honors) from Delhi University's St. Stephen's College.

Areas of expertise

Economic Development
International Business
Regional Studies

Professional Activities

  • Current Executive Director, Institute for Business in the Global Context
  • Former Partner, McKinsey & Company
  • Former Distinguished Scholar, MIT's Legatum Center for Development and Entrepreneurship
  • Former Faculty member, Harvard Business School and the Harvard University Center for the Environment
  • Former Member of Executive and Steering Committees, Tufts Institute for Innovation
  • Former Member of Global Agenda Council on the Economics of Innovation, World Economic Forum
  • Member of Global Future Council on Innovation and Entrepreneurship, World Economic Forum
  • Member of Advisory Board, Istanbul Institute for Private Sector in Development, UNDP
  • Senior Advisor for Digital Inclusion, MasterCard Center for Inclusive Growth

Courses Taught

Selected Publications and Presentations


Why the Rest of the World Can’t Free Ride on Europe’s GDPR Rules," Harvard Business Review, April 30, 2018.

With Ajay Bhalla and Ravi Shankar Chaturvedi, "The 4 Dimensions of Digital Trust, Charted Across 42 Countries," Harvard Business Review, February 2018

Would a Hard Brexit Cripple the EU's Digital Economy?" Harvard Business Review, July 2017

With Ajay Bhalla and Ravi Chaturvedi, "60 Countries' Digital Competitiveness, Indexed," Harvard Business Review, July 2017

Early Lessons from India's Demonetization Experiment," Harvard Business Review, March 2017

How Companies Can Champion Sustainable Development," Harvard Business Review, March 2017

There's a Gender Gap in Internet Usage. Closing It Would Open Up Opportunities for Everyone," Harvard Business Review, December 2017

One Year After India Killed Off Cash, Here's What Other Countries Should Learn from It," Harvard Business Review, November 2017

With Ravi Chaturvedi, "The Smart Society of the Future Doesn’t Look Like Science Fiction," Harvard Business Review, October 2017

Brexit Could Deepen Europe's Digital Recession," Harvard Business Review, July 2016

Unilever's Big Strategic Bet on the Dollar Shave Club", Harvard Business Review, July 2016

The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future, New York Journal of Books, June 7, 2016

The Smartest Places on Earth: Why Rustbelts Are the Emerging Hotspots of Global Innovation, New York Journal of Books, June 1, 2016

Connectography: Mapping the Future of Global Civilization, New York Journal of Books, May 9, 2016

With Benjamin Mazzotta and Ravi Chaturvedi, "The Countries That Would Profit Most from a Cashless World," Harvard Business Review, May 2016

The Battle Over iPhones in India," Harvard Business Review, April 2016

Where the Digital Economy Is Moving Fastest: Webinar" Harvard Business Review, March 2016

With Ravi Chaturvedi, "How Benchmarking Can Help Countries Become More Digital," Harvard Business Review, March 2016

Lessons from Facebook's Fumble in India," Harvard Business Review, February 2016

India's Botched War on Cash," Harvard Business Review, December 2016

The Missing Political Debate Over the Digital Economy," Harvard Business Review, October 2016

What the CEO of the "New" Google Needs to Do Next," Harvard Business Review, September 2015

More Data, More Problems: Surveillance and the Information Economy," Foreign Affairs, July 7, 2015

With Tony Seisfeld "Business Growth for Good: Why Context Matters," Stanford Social Innovation Review, July 2015

China's New Development Bank Is a Wake-Up Call for Washington," Harvard Business Review, April 2015

With Christopher Tunnard and Ravi Chaturvedi, "Where the Digital Economy Is Moving the Fastest," Harvard Business Review, February 2015

Digital Fairness vs. Facebook’s Dream of World Domination," Harvard Business Review, November 2015

What Businesses Need to Know About Sustainable Development Goals," Harvard Business Review, November 2015

Europe's Other Crisis: A Digital Recession," Harvard Business Review, October 2015

The Hidden Costs of Cash," Harvard Business Review, June 2014

With Benjamin Mazzotta, "Who Pays More to Use Cash?" Journal of Payments Strategy & Systems, Vol 8, No. 1, Spring, 2014

An Unexpected Lesson from Mandela: Why Context Matters," Harvard Business Review, December 2013

With Peter Uvin, "From Oxfam to Exxon, UNICEF to Unilever, CARE to Carrefour: What Lessons Can Development Aid Organizations Pass on to International Businesses about Succeeding in Emerging Markets?" Yale Journal of International Affairs, March 2012

The Counter-Revolutionary Industrial Revolution Ahead", SAIS Review of International Affairs, Vol 32, No. 2, Summer-Fall 2012

"A Note on Corporate Entrepreneurship: Challenge or Opportunity" Harvard Business School Note -810-145.

With Shirley Spence. "Blue Man Group: Creativity, Life and Surviving an Economic Meltdown." Harvard Business School Case 810-108.

With N. Venkatraman. "Dr. Cameron Powell and Airstrip Technologies after the Apple Worldwide Developers Conference." Harvard Business School Case 810-143.

With Natalie Kindred. "Ergo: Open Sourcing Research on Complicated Markets." Harvard Business School Case N9-810-060.

With Shirley Spence. "Life Journey Profile: Amee Chande." Harvard Business School Case 810-110.

With Shirley Spence. "Life Journey Profile: Mark Goldweitz." Harvard Business School Case 810-112.

With Shirley Spence. "Life Journey Profile: Nicole Gardner." Harvard Business School Case 810-111.

With David Lane. "Looking for Opportunity in Adversity: Iqbal Quadir and GrameenPhone (A)." Harvard Business School Case 810-075.

Finding the Competitive Advantage in Adversity Harvard Business Review Forthcoming, November 2010.

Stakeholder Marketing 2.0. Journal of Public Policy and Marketing vol 29 (1), Spring 2010, 97-102.

With Toby E. Stuart, and James Weber. "Incept LLC and Confluent Surgical (A)." Harvard Business School Case 809-062.

With Eisenmann, Thomas R., Toby E. Stuart, Vincent Marie Dessain, Simon Harrow, and Elena Corsi. "Orange: Read&Go." Harvard Business School Case 809-122.

Innovation without Borders. Innovations: Technology, Governance, Globalization 2, no. 3 (summer 2007).

With Marla Capozzi. "Innovating at Scale." The McKinsey Quarterly, no. 3 (2006).

With Luis Corchon, and Simon Wilkie. "Credible Implementation." Games and Economic Behavior (October 2006).

With Laura Winig and Naeem Arastu. "athenaHealth: Innovating in Response to a Crisis in Healthcare." Harvard Business School Case 810-079.

The New Rules for Bringing Innovations to Market. Harvard Business Review 82, no. 3 (March 2004).

With John Conley, and Bart Taub. "Probabilistic Cheap Talk." Social Choice & Welfare 19 (2002).

Far-Sightedness and the Voting Paradox. Journal of Economic Theory 84, no. 2 (February 1999).

Dynamic Public Goods Provision with Coalitional Manipulation. Journal of Public Economics 56, no. 1 (January 1995).

With William Sharkey, Yossef Spiegel, and Simon Wilkie. "Auctioning the Airwaves: The Contest for Broadband PCS Spectrum." Journal of Economics and Management Strategy 4 (1995).

With John Conley. "Cheap Play with No Regret." International Journal of Game Theory 3 (1995).

Optimal Flow Control of an M/M/1 Queue with a Balanced Budget. IEEE Transactions on Automatic Control, no. 39 (1994).

Sequential Rationality, Implementation and Pre-Play Communication. Journal of Mathematical Economics 22 (1993).

Efficiency and Mechanisms with No Regret. International Economic Review 33 (1992).

Proportional Division in a Planning Procedure. Journal of Comparative Economics 15 (1991).

Communication Requirements and Strategic Mechanisms for Market Organization. Journal of Mathematical Economics 20 (1991).

Strategy Space Reduction for Feasible Implementation of Walrasian Performance. Social Choice & Welfare 8 (1991).

The Role of Adoption Networks in the Success of Innovations: A Strategic Perspective. Technology and Society (February 2004).

With John Conley, and Bart Taub. "On Uniquely Implementing Cooperation in a Prisoner's Dilemma." Economic Theory 8 (1996).

With Shirley Spence. "Opportunities in Business and Life After Virgin Money: Asheesh Advani", Harvard Business School Case 810-072.


The Slow Pace of Fast Change: Bringing Innovations to Market in a Connected World. Harvard Business School Press (2003).


With Graham MacMillan and Tony Siesfeld, "Releasing Trapped Value: The Coming Challenge of Innovation in the Context of Emerging Markets", in Innovation in Emerging Markets, edited by Jerry Haar and Ricardo Ernst, Palgrave MacMillan, 2016

It is Time to Get Past the ‘Single Story’ about Africa", in India and Africa: Forging A Strategic Partnership edited by Subir Gokarn, WPS Sidhu and Shruti Godbole, Brookings Institution, October 2015

Finding Competitive Advantage in Adversity, in Succeeding As An Entrepreneur, Harvard Business Review Collection, HBS Publishing, Boston, MA, July 2011.

Of Gods and Small Things: Closing the Gap in Corporate Entrepreneurship. In India 2010. Business Standard Books, March 2010.

Paradox of Voting. In International Encyclopedia of the Social Sciences. 2nd ed. Edited by William A. Darity. MacMillan Publishing, 2007.

With John Conley and Bart Taub. "Economic Applications of Probabilistic Cheap Talk." In Mathematical Economics and Game Theory: Essays in Honor of Robert Aumann. American Mathematical Society, 1999.

With William Sharkey and Padmanabhan Srinagesh. "Issues in the Pricing of Broadband Telecommunications Services." In Quality and Reliability of Telecommunications Infrastructure. Lawrence Erlbaum, 1995.

With Yossef Spiegel. "The Political Economy of Entry into Local Exchange Markets." In Quality and Reliability of Telecommunications Infrastructure. Lawrence Erlbaum, 1995.


"Letting No Crisis Go to Waste: Innovation and Entrepreneurship After the Great Recession", HBS Faculty Seminar Series, Harvard Business Publishing, CD-ROM, April 2010.

Finding Entrepreneurial Opportunity in Adversity, The Invisible Hand: Management, Economics and Strategy for the Thinking Person (Audio only), October 30, 2010.


"The Future Of Work Isn't All Bleak For Women. Here's Why," Forbes, June 6, 2018

These are the countries most vulnerable to Facebook data breaches," Newsweek, April 1, 2018.

How Facebook could fix itself," Chicago Tribune, February 4, 2018

Three un-Davos men," Indian Express, February 1, 2018

Trust in Digital Technology Will Be the Internet’s Next Frontier, for 2018 and Beyond," Scientific American, January 4, 2018

The Aadhaar opportunity", Indian Express, January 2, 2018

Beware the Trump effect," Indian Express, August 22, 2017

Is America’s digital leadership on the wane?" Salon, July 22, 2017

Why failing to protect net neutrality would crush the US's digital startups," Business Insider, July 22, 2017

Cash Is Falling Out of Fashion--Will It Disappear Forever?" Scientific American , June 26, 2017

If Trump, Modi talk climate," Indian Express, June 22, 2017

The art of curry diplomacy," Indian Express, May 15, 2017

Seize The Year: And Now For All The Non-Trump News Crowded Out in 2017" Forbes, February 27, 2017

The less cash budget," Indian Express, February 23, 2017

Memo to the World Bank," Indian Express, November 27, 2017

Britain’s Digital Advantage," The World Today, November 2017

Ig-Nobel mistakes," Indian Express, October 12, 2017

A new abnormal," Indian Express, January 21, 2017

Sustainable Business And Sustainable Development - Same Coin, Two Sides" Forbes, September 8, 2016

To Change The World, CEOs Must Focus On A Few Down-To-Earth Targets" Forbes, August 2, 2016

Why 'Partnerships For Sustainable Development' Counts As An Essential Sustainable Development Goal" Forbes August 16, 2016

As the global economy slows, how can sustainable development remain a priority?" The Guardian, August 2016

How data promotes transparency and helps clean up "SDG-washing," The Guardian, August 2016

Tackling the SDGs: are business targets clear, measurable and down-to-earth?" The Guardian, August 2016

Why SDG17 is an essential sustainable development goal," The Guardian, August 2016

Brexit: The return of boundaries," Indian Express, July 27, 2016

Thiel Warms Up The Throng For Trump: When Silicon Valley Becomes Political" Forbes, July 21, 2016

Investing In The Sustainable Development Goals In A Time Of Anti-Globalization And Economic Slowdown", Forbes, July 18, 2016

Silicon Valley's Obsession With Flying Cars Flies In The Face Of Business Logic" Forbes, July 15, 2016

What the next Silicon Valley CEO traveling to India must read to avoid a dusty downfall," Indian Express, June 2, 2016

3 ways in which a 3D printer may one day save your life," Washington Post, May 7, 2016

Who Knows If Robots Will Rob Us Of Our Livelihoods, But They May Help Us Live Longer", Forbes, May 24, 2016

10 Questions To Ask Before Trusting The Nabobs Of The Net: Apple, Facebook, Google, Amazon, Uber" Forbes, May 19, 2016

How Mark Zuckerberg Can Resolve The Inclusive Innovator's Dilemma", Forbes, May 12, 2016

Care About People And Planet? Time To Add A Third 'P' – Profit", Forbes, May 10, 2016

What Next for the World’s Digital Economy?" Huffington Post, April 4, 2016

Trumping across the world," Indian Express, April 22, 2016

The next big thing," Indian Express, February 6, 2016

Demonetiser’s dilemma," Indian Express, December 5, 2016

Preparing for President Hillary Clinton," Indian Express, November 4, 2016

Predicting the Trump Presidency: How I Blew It" Huffington Post, November 16, 2016

Political and policy discourse in India and the US point to different futures," Indian Express, October 12, 2016

Re-Writing Greece’s Ancient Legends and Recent Headlines" Huffington Post, October 2016

The 5 ways innovations fail at CES," Washington Post, January 7, 2016

Why Twitter’s best days may be behind it," Washington Post, January 29, 2016

David Bowie taught me everything I need to know about innovation," Washington Post, January 13, 2016

The UN’s new goals could trigger a burst of innovation in sustainable development," Washington Post, September 23, 2015

Fed and the unknowns," Indian Express, September 10, 2015

If the ‘Rising Africa’ hype has you eyeing investments in Africa, read this first," Quartz, August 7, 2015

Why Uber is winning in China, where most U.S. tech companies have failed" Washington Post, July 27, 2015

How Do We Get Businesses Working Towards the Sustainable Development Goals?" Forbes July 20, 2015

To remain a superpower, the US must become inclusive and generous," Quartz, July 13, 2015

No one questions Google’s ability to innovate, so why do its moonshots look like money pits?" Washington Post, June 16, 2015

Slow if Down. Don’t Fast Track the TPP," CNBC, May 22, 2015

The oil games," Indian Express, April 17, 2015

The Unintended Consequences of Inclusive Business," Forbes, April 10, 2015

The elephant and the windsock," Indian Express, March 9, 2015

With Christopher Tunnard and Ravi Chaturvedi, "The Way to Estonia," Foreign Affairs, March 24, 2015

To Be An Inclusive Business, Forget Business School Lessons on Strategy," Forbes, February 22, 2015

Why I’m optimistic on climate change despite the impossible goals of the Paris talks," Washington Post, December 4, 2015

Art of a climate deal," Indian Express, December 21, 2015

A like for Mark Zuckerberg," Indian Express, November 4, 2015

The problem with the endless discussion of disruptive innovation," Washington Post, November 24, 2015

Car Wars: Can the phantom menace win or will the empire strike back?" Washington Post, October 19, 2015

Chai and cha cha cha," Indian Express, January 27, 2015

A new club for India," Indian Express, August 4, 2014

Promise of more to come," Indian Express, July 21, 2014

A funny thing happened on the way from the forum," Washington Post, June 24, 2014

The Future of the Future: Where Are the Breakthrough Innovations?" Huffington Post, June 22, 2014

Modi operandi," Indian Express, June 12, 2014

With Caroline Ott and Alexandra Taylor, "Turkey’s Turn? Perennial Linchpin or Emerging Hub: Conference Report" Institute for Business in the Global Context, The Fletcher School, April 2014

With Jianwei Dong and Kate Fedosova, "Colonialism's Enduring Dividends," Foreign Affairs, February 13, 2014

Why OPEC deserves a holiday card from India," Indian Express, December 26, 2014

Just add to cart," Indian Express, November 8, 2014

A responsibility to lead," Indian Express, October 3, 2014

Games RBI can play," Indian Express, September 19, 2013

With Benjamin Mazzota, "Cost of Cash: U.S." Institute for Business in the Global Context, The Fletcher School, September 2013

The Poor: An Endangered Species?" Huffington Post, August 5, 2013

It Is Time to Get Rid of the Word ‘Charity’," Huffington Post, August 22, 2013

Innovating for the Next 3 Billion: Don’t Get Hooked on the High-Tech Fix," Huffington Post August 18, 2013

What a Reformed Immigrant from Afar Teaches Us About the Urgency of Immigration Reform Here at Home," Huffington Post, June 29, 2013

With Gita Rao, "Sales Force," Foreign Affairs, June 15, 2013

We Have Lost Sight of the Real Ticking Bomb on the Korean Peninsula" Huffington Post, May 5, 2013

Can US Companies ‘Get’ Africa?" CNN, May 3, 2013

And the Oscar for Leadership Goes to..." Huffington Post, February 28, 2013

Cash is a Wasteful System But Hard to Replace," New York Times, December 9, 2013

The end of the World Wide Web?" CNN December 2, 2013

On My Wish List for Budget Negotiations in Congress: Let’s Sequester the Sequester," Huffington Post, November 4, 2013

Go for the moon shot," Indian Express, November 22, 2013

The Yellen promise," Indian Express, October 15, 2013

"MBAs Need a Richer Educational Framework," Financial Times, February 26, 2012

"Q&A: Teaching Global Business," Wall Street Journal, January 27, 2012

"A Small Innovation Leads to the Next Big Thing," CNBC Special Report on Future of Innovation, October 12, 2011.

Geography is Destiny – in Case Study: Attempting a Global Merger Inc. Magazine (May 2010).

How to Innovate in a Downturn. The Wall Street Journal, (March 18, 2009).

Evolution of a Mighty Nation. Economic Times, August 11, 2006.

From Imitation to Innovation. Business Today, January 2005.

A Beautiful Bind. Economic Times, 2004.

Bringing Europe's Airwave Auctions Down to Earth. Wall Street Journal Europe, August 25, 1999.

Demi-Monde of IT Progress. The Financial Times, May 28, 1998.

Why Microsoft Should Be Left Alone. The New York Times, May 24, 1998.

Time for a Brand New Site for Israel-Palestine Peace Talks," Huffington Post

Finding the E in the Fight Against Ebola," Huffington Post undated

Rana Plaza, Foxconn, Deepwater Horizon: Let No Serious Global Supply Chain Disaster Go to Waste" Huffington Post

The Obama and Xi Meeting: Time for Some California Dreamin’" Huffington Post

Tomorrow Is Now: Six Questions About the Road to 2025" Huffington Post