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

The Globalization Paradox in a nutshell

The Globalization Paradox in a nutshell. Dani Rodrik, January 2, 2014, Opinion. “Is there a paradox in globalisation? Dani Rodrik writes that a delicate balance exists between democracy and processes of globalisation. He notes that as different societies have different needs and preferences in terms of how they structure the institutions required to ensure markets function correctly, democratic pressures are likely to lead to a variety of different institutions across different territories. This diversity inhibits the global integration of markets by raising transaction costs across jurisdictions…” Link

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When Ideas Trump Interests: Preferences, Worldviews, and Policy Innovations

When Ideas Trump Interests: Preferences, Worldviews, and Policy Innovations. Dani Rodrik, Winter 2014, Paper. “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…” May require purchase or user account. Link verified June 19, 2014

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Globalization, Structural Change, and Productivity Growth, with an Update on Africa

Globalization, Structural Change, and Productivity Growth, with an Update on Africa. Dani Rodrik, 2014, Paper. “Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver of development. Our results show that since 1990 structural change has been growth reducing – with labor moving from low – to high- productivity sectors – in both Africa and Latin America..” Link

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Africa’s Structural Transformation Challenge

Africa’s Structural Transformation Challenge. Dani Rodrik, December 12, 2013, Opinion. “Long viewed as an economic basket case, Sub-Saharan Africa is experiencing its best growth performance since the immediate post-independence years. Natural-resource windfalls have helped, but the good news extends beyond resource-rich countries. Countries such as Ethiopia, Rwanda, and Uganda, among others, have grown at East Asian rates since the mid-1990’s. And Africa’s business and political leaders are teeming with optimism about the continent’s future…” Link verified June 19, 2014

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The Real Heroes of the Global Economy

The Real Heroes of the Global Economy. Dani Rodrik, November 13, 2013, Opinion. “Economic policymakers seeking successful models to emulate apparently have an abundance of choices nowadays. Led by China, scores of emerging and developing countries have registered record-high growth rates over recent decades, setting precedents for others to follow. While advanced economies have performed far worse on average, there are notable exceptions, such as Germany and Sweden. “Do as we do,” these countries’ leaders often say, “and you will prosper, too…” Link verified June 19, 2014

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The Perils of Premature Deindustrialization

The Perils of Premature Deindustrialization. Dani Rodrik, October 11, 2013, Opinion. “Most of today’s advanced economies became what they are by traveling the well-worn path of industrialization. A progression of manufacturing industries – textiles, steel, automobiles – emerged from the ashes of the traditional craft and guild systems, transforming agrarian societies into urban ones. Peasants became factory workers, a process that underpinned not only an unprecedented rise in economic productivity, but also a wholesale revolution in social and political organization. The labor movement led to mass politics…” Link verified June 19, 2014

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Globalization, Structural Change, and Productivity Growth, with an Update on Africa

Globalization, Structural Change, and Productivity Growth, with an Update on Africa. Dani Rodrik, October 2013, Paper. “One of the earliest and most central insights of the literature on economic development is that development entails structural change. The countries that manage to pull out of poverty and get richer are those that are able to diversify away from agriculture and other traditional products. As labor and other resources move from agriculture into modern economic activities, overall productivity rises and incomes expand...” Link

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Structural Change, Fundamentals, and Growth: An Overview

Structural Change, Fundamentals, and Growth: An Overview. Dani Rodrik, September, 2013, Paper. “Two traditions exist side‐by-side within growth economics.  One of them has its roots in development economics and is based on the dual economy approach first formalized by Lewis (1954) and Ranis and Fei (1961). The other has its roots in macroeconomics, and derives from the neoclassical growth model of Solow (1956).  The dual economy tradition draws a sharp distinction between the traditional and modern sectors of the economy, typically characterized as agriculture and industry, respectively…” Link verified June 19, 2014

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The Past, Present, and Future of Economic Growth

The Past, Present, and Future of Economic Growth. Dani Rodrik, Paper, June 2013. “Developing countries will face stronger headwinds in the decades ahead, both because the global economy is likely to be significantly less buoyant than in recent decades and because technological changes are rendering manufacturing more capital and skill intensive. Desirable policies will continue to share features that have served successful countries well in the past, but growth strategies will differ in their emphasis. Ultimately, growth will depend primarily on what happens at home. The challenge is therefore to design an architecture…” Link

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Europe’s Way Out

Europe’s Way Out. Dani Rodrik. June 12, 2013. Opinion. “It seems that austerity is out of fashion in the eurozone – at least for the moment. The European Commission has given Spain, France, and the Netherlands more time to comply with the European Union’s 3%-of-GDP deficit ceiling. Even German government officials now concede that something more than fiscal belt-tightening is needed to revive the economies of the eurozone periphery…” Link v

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