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

Why We Learn Nothing from Regressing Economic Growth on Policies

Why We Learn Nothing from Regressing Economic Growth on Policies. Dani Rodrik, Paper, January 2012. “Government use policy to achieve certain outcomes. Sometimes the desired ends are worthwhile, and sometimes they are pernicious. Cross-country regressions have been the tool of choice in assessing the effectiveness of policies and the empirical relevance of these two diametrically opposite views of government behavior. When government policy responds systematically to economic or political objectives, the standard growth regression in which economic growth (or any other performance indicator) is regressed…” Link

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Do We Need to Rethink Growth Policies?

Do We Need to Rethink Growth Policies? Dani Rodrik, Paper, January 2012. “The current economic crisis has taught us new things, but it does not require a complete rethinking of what we know about growth. The main new thing is that the context in which we are going to think about growth policies might be different. The context arises partly from the difficulties that the advanced countries are going to be facing with the debt overhang and possibly lower growth. What does that do to the growth prospects of the developing countries?” Link

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The Turkish Economy After the Crisis

The Turkish Economy After the Crisis. Dani Rodrik, Paper, January 2012. “The global financial crisis has demonstrated that a financially open economy has many areas of vulnerability. Even when a country keeps its own house in order, it remains at the mercy of developments in external financial markets. So, one lesson to bear in mind is that policymakers need to guard against not just domestic shocks, but also shocks that emanate outward from financial instability elsewhere. To accomplish this, complete financial openness is not the best policy. A second lesson is that Turkey’s prevailing growth strategy can neither be sustained…” Link

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Globalization Dilemmas and the Way Out

Globalization Dilemmas and the Way Out. Dani Rodrik, Paper, January 2012. “The objective of international economic arrangements must be to attain the maximum amount of integration or the maximum thickness in economic transactions that are consistent with maintaining space for diversity in national institutions and the arrangements. The objective would be to create enough policy space to allow rich countries to rework their social compacts at home, poor countries to restructure and diversify their economies so that they can position themselves better to benefit from globalization  and all nations, rich and poor…” Link

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The Globalization Paradox – Democracy and the Future of the World Economy

The Globalization Paradox – Democracy and the Future of the World Economy. Dani Rodrik, February 2011, Book. “Surveying three centuries of economic history, a Harvard professor argues for a leaner global system that puts national democracies front and center. From the mercantile monopolies of seventeenth-century empires to the modern-day authority of the WTO, IMF, and World Bank, the nations of the world have struggled to effectively harness globalization’s promise. The economic narratives that underpinned these eras—the gold standard, the Bretton Woods regime, the “Washington Consensus”—brought great success and great failure…” May require purchase or user account. Link Verified October 29, 2014

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The New Development Economics

The New Development Economics. Dani Rodrik, October 29, 2008, Book Chapter. “Development economics is split between macro-development economists – who focus on economic growth, international trade, and fiscal/macro policies – and micro-development economists – who study microfinance, education, health, and other social programs. Recently there has been substantial convergence in the policy mindset exhibited by micro evaluation enthusiasts, on the one hand, and growth diagnosticians, on the other. At the same time, the randomized evaluation revolution has led to an accentuation of the methodological divergence…Link

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Reconfiguring Industrial Policy: A Framework with an Application to South Africa

Reconfiguring Industrial Policy: A Framework with an Application to South Africa. Ricardo Hausmann, Dani Rodrik, May 2008. “The main purpose of industrial policy is to speed up the process of structural change towards higher productivity activities. This paper builds on our earlier writings to present an overall design for the conduct of industrial policy in a low- to middle-income country. It is stimulated by the specific problems faced by South Africa and by our discussions with business and government officials in that country. We present specific recommendations for the South African government in the penultimate section of the paper.” Link

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New Development Economics – We Shall Experiment, but How Shall We Learn?

New Development Economics – We Shall Experiment, but How Shall We Learn? Dani Rodrik, 2008, Book Chapter, “Development economics has long been split between the study of macro-development (economic growth, international trade, and fiscal/macro-policies) and microdevelopment (microfinance, education, health, and other social programs). Even though the central…Link

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South Africa: Identifying the binding constraint on shared growth

South Africa: Identifying the binding constraint on shared growth, Ricardo Hausmann, Dani Rodrik, April 16, 2007, Paper,  South Africa has undergone a remarkable transition since the end of apartheid in 1994. The democratically elected government led by the African National Congress (ANC) has managed to create a stable and peaceful regime, and pursued a set of prudent economic policies while managing the transition to democracy. Link

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