Found 59 article(s) for author 'Dani Rodrik'

The Political Economy of Liberal Democracy

The Political Economy of Liberal Democracy. Dani Rodrik, July 2015, Paper. “We distinguish between three sets of rights – property rights, political rights, and civil rights – and provide a taxonomy of political regimes. The distinctive nature of liberal democracy is that it protects civil rights (equality before the law for minorities) in addition to the other two. Democratic transitions are typically the product of a settlement between the elite (who care mostly about property rights) and the majority (who care mostly about political rights). Such settlements rarely produce liberal democracy, as the minority has neither the resources nor the numbers to make a contribution at the bargaining table...” Link

Tags: ,

Premature Deindustrialization

Premature Deindustrialization. Dani Rodrik, 2015, Paper. “I document a significant deindustrialization trend in recent decades, that goes considerably beyond the advanced, post‐industrial economies. The hump‐shaped relationship between industrialization (measured by employment or output shares) and incomes has shifted downwards and moved closer to the origin. This means countries are running out of industrialization opportunities sooner and at much lower levels of income compared to the experience of early industrializers. Asian countries and manufactures exporters have been largely insulated from those trends…” Link

Tags: , ,

When Ideas Trump Interests: Preferences, World Views, and Policy Innovations

When Ideas Trump Interests: Preferences, World Views, and Policy Innovations. Dani Rodrik, Paper, November 2014. “Ideas are strangely absent from modern models of political economy. In most prevailing theories of policy choice, the dominant role is instead played by “vested interests”—elites, lobbies, and rent-seeking groups which get their way at the expense of the general public. Any model of political economy in which organized interests do not figure prominently is likely to remain vacuous and incomplete. But it does not follow from this that interests are the ultimate determinant of political outcomes. Here I will…” Link

Tags: , ,

Piketty and the Zeitgeist

Piketty and the Zeitgeist. Dani Rodrik, May 13, 2014, Opinion. “I get the same question these days wherever I go and from whomever I meet: What do you think of Thomas Piketty? It’s really two questions in one: What do you think of Piketty the book, and what do you think of Piketty the phenomenon?…” Link verified June 19, 2014

Tags: ,

The Growing Divide Within Developing Economies

The Growing Divide Within Developing Economies, Dani Rodrik, April 11, 2014, Opinion. “When researchers at the McKinsey Global Institute (MGI) recently dug into the details of Mexico’s lagging economic performance, they made a remarkable discovery: an unexpectedly large gap in productivity growth between large and small firms. From 1999 to 2009, labor productivity had risen by a respectable 5.8% per year in large firms with 500 or more employees. In small firms with ten or fewer employees, by contrast, labor productivity growth had declined at an annual rate of 6.5%…” Link

Tags: , , ,

An African Growth Miracle?

An African Growth Miracle? Dani Rodrik, April 2014, Paper. “There is much to celebrate in Africa’s recent economic performance. Gone are the traditional pessimism about the continent’s growth prospects and the references to basket‐case economies. They have been replaced by rosy scenarios replete with stories of African entrepreneurship, expanding Chinese investments, and a growing middle class. The turnaround is easy to see in the numbers. Having spent a long time in negative territory during the 1980s and 1990s, Sub‐Saharan Africa’s growth rate jumped up to close to 3 percent per annum…” May require purchase or user account. Link Verified October 22, 2014

Tags: ,

Green Industrial Policy

Green Industrial Policy. Dani Rodrik, 2014, Paper. “Green growth requires green technologies: production techniques that economize on exhaustible resources and emit fewer greenhouse gases. The availability of green technologies both lowers social costs in the transition to a green growth path and helps achieve a satisfactory rate of material progress under that path. The theoretical case in favour of using industrial policy to facilitate green growth is quite strong. Economists’ traditional scepticism on industrial policy is grounded instead on pragmatic considerations having to do with the difficulty of achieving well-targeted and effective…” Link

Tags: , ,

Death by Finance

Death by Finance. Dani Rodrik, February 10, 2014, Opinion. “How quickly emerging markets’ fortunes have turned. Not long ago, they were touted as the salvation of the world economy – the dynamic engines of growth that would take over as the economies of the United States and Europe sputtered. Economists at Citigroup, McKinsey, PricewaterhouseCoopers, and elsewhere were predicting an era of broad and sustained growth from Asia to Africa…” Link

Tags: , ,

Emerging Markets’ Victimhood Narrative

Emerging Markets’ Victimhood Narrative. Dani Rodrik, January 31, 2014, Opinion. “From Istanbul to Brasilia to Mumbai comes a crescendo of complaints about dollar imperialism. Heads of state and central bank governors allege that the policies of central banks in industrial countries, especially the U.S. Federal Reserve, pursued in self-interest, are wreaking havoc in emerging-market economies. This allegation is mostly unfair. Emerging markets aren’t hapless and undeserved victims; for the most part they are simply reaping what they sowed…” Link verified June 19, 2014

Tags: , ,