Found 60 article(s) for author 'Dani Rodrik'

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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The Past, Present, and Future of Economic Growth

The Past, Present, and Future of Economic Growth. Dani Rodrik, June 2013, Paper. “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…” Link

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Unconditional Convergence in Manufacturing

Unconditional Convergence in Manufacturing. Dani Rodrik, Paper, May 2013. “Unlike economies as a whole, manufacturing industries exhibit strong unconditional convergence in labor productivity. The article documents this at various levels of disaggregation for a large sample covering more than 100 countries over recent decades. The result is highly robust to changes in the sample and specification. The coefficient of unconditional convergence is estimated quite precisely and is large, at between 2–3% in most specifications and 2.9% a year in the baseline specification covering 118 countries. The article also finds…” Link

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What the World Needs from the BRICS

What the World Needs from the BRICS. Dani Rodrik. April 10, 2013. Opinion. “In 2001, Goldman Sachs’ Jim O’Neill famously coined the term BRIC to characterize the world’s four largest developing economies – Brazil, Russia, India, and China. But, more than a decade later, just about the only thing that these countries have in common is that they are the only economies ranked among the world’s 15 largest (adjusted for purchasing power) that are not members of the OECD…” Link verified June 19, 2014

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The Tyranny of Political Economy

The Tyranny of Political Economy. Dani Rodrik. February 8, 2013. Opinion. “There was a time when we economists steered clear of politics. We viewed our job as describing how market economies work, when they fail, and how well-designed policies can enhance efficiency. We analyzed trade-offs between competing objectives (say, equity versus efficiency), and prescribed policies to meet desired economic outcomes, including redistribution. It was up to politicians to take our advice (or not), and to bureaucrats to implement it…” Link verified June 19, 2014

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The New Mercantilist Challenge

The New Mercantilist Challenge. Dani Rodrik. January 9, 2013. Opinion. “The history of economics is largely a struggle between two opposing schools of thought, “liberalism” and “mercantilism.” Economic liberalism, with its emphasis on private entrepreneurship and free markets, is today’s dominant doctrine. But its intellectual victory has blinded us to the great appeal – and frequent success – of mercantilist practices. In fact, mercantilism remains alive and well, and its continuing conflict with liberalism is likely to be a major force shaping the future of the global economy…” Link verified June 19, 2014

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The Globalization Paradox: A response to Rosa Lastra and Robert Howse

The Globalization Paradox: A response to Rosa Lastra and Robert Howse. Dani Rodrik, Response, January 2013. “If I advocate a regime that places greater emphasis on national sovereignty than Professor Lastra, it is because I differ from her as regards both the normative and efficiency properties of such a solution. First, as Professor Howse notes, international treaties do not automatically qualify for democratic legitimacy, even if the parties are democratic sovereigns. Saying that anything that a democratically elected sovereign does is democratically legitimate would empty democracy of much of its normative content. Democratic…” Link

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After the Fall: The Future of Global Cooperation

After the Fall: The Future of Global Cooperation. Dani Rodrik, Report, July 2012. “International cooperation has been a recurrent theme in each of the thirteen Geneva Reports on the World Economy published by CEPR and ICMB since 1999. The 2004 report, International Economic and Financial Cooperation: New Issues, New Actors, New Responses, analysed this issue in some depth. This report, the fourteenth in the series, picks up this issue once again, but this time the approach is different, the recommendations more cautious and incremental, and the prognosis bleaker. This is not surprising: the authors demonstrate very clearly…” Link

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