Found 102 article(s) for author 'Dani Rodrik'

How to Get Past the US-China Trade War

How to Get Past the US-China Trade War. Dani Rodrik, November 7, 2019, Opinion, “China and the United States, like all other countries, should be able to maintain their own economic model. But international trade rules should prohibit national governments from adopting “beggar-thy-neighbor” policies that provide domestic benefits only by imposing costs on trade partners.Link

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Where Are We in the Economics of Industrial Policies?

Where Are We in the Economics of Industrial Policies? Dani Rodrik, 2019, Paper, “Research on industrial policy has taken off, leading to a better understanding of when such policies effectively harness economic development. This article reviews the recent literature on the economics of industrial policies. Until recently, empirical studies on industrial policies came largely in one of two types: detailed country/region studies and cross-industry or cross-country econometric studies. I point out that the country/region studies had the usual problem that it was difficult to trace the effects of success to specific industrial policies, while the econometric studies suffered from the problem of misspecification. I show that a new generation of work has been moving us beyond the largely ideological debates of the past to a more contextual, pragmatic understanding.Link

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The Puzzling Lure of Financial Globalization

The Puzzling Lure of Financial Globalization. Dani Rodrik, September 25, 2019, Opinion, “Although most of the intellectual consensus behind neoliberalism has collapsed, the idea that emerging markets should throw their borders open to foreign financial flows is still taken for granted in policymaking circles. Until that changes, the developing world will suffer from unnecessary volatility, periodic crises, and lost dynamism.Link

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Should We Worry About Income Gaps Within or Between Countries?

Should We Worry About Income Gaps Within or Between Countries? Dani Rodrick, September 10, 2019, Opinion, “The rise of populist nationalism throughout the West has been fueled partly by a clash between the objectives of equity in rich countries and higher living standards in poor countries. Yet advanced-economy policies that emphasize domestic equity need not be harmful to the global poor, even in international trade.Link

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What’s Driving Populism?

What’s Driving Populism? Dani Rodrik, July 9, 2019, Opinion, “If authoritarian populism is rooted in economics, then the appropriate remedy is a populism of another kind – targeting economic injustice and inclusion, but pluralist in its politics and not necessarily damaging to democracy. If it is rooted in culture and values, however, there are fewer options.Link

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Putting Global Governance in its Place

Putting Global Governance in its Place. Dani Rodrik, June 2019, Paper, “In a world economy that has become highly integrated, problems always seem to require more international cooperation and better global governance. The populist backlash and U.S. President Donald Trump’s trade antics, if anything, have added fuel to the economists’, technocrats’ and commentariat’s call for more internationalism. ““[V]irtually every problem destabilizing the world in this plastic moment is global in nature and can be confronted only with a coalition that is global…” wrote the New York Times columnist Thomas Friedman recently.2 Or as Nemat Shafik, then the time the deputy managing director of the International Monetary Fund, put it in 2013, “what happens anywhere affects everybody—and increasingly so. So it is pretty clear that the world needs more, not less, international coordination and cooperation.” Link

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Can Global Rules Prevent National Self-Harm?

Can Global Rules Prevent National Self-Harm? Dani Rodrik, June 11, 2019, Opinion, “Most policy mishaps in the world economy today – as in the case of US President Donald Trump’s tariffs – occur as a result of failures at the national level, not because of a lack of international cooperation. And, with the exception of two types of cases, countries should be allowed to make their own mistakes.Link

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Globalization’s Wrong Turn, And How It Hurt America

Globalization’s Wrong Turn, And How It Hurt America. Dani Rodrik, July/August 2019, Opinion, “Globalization is in trouble. A populist backlash, personified by U.S. President Donald Trump, is in full swing. A simmering trade war between China and the United States could easily boil over. Countries across Europe are shutting their borders to immigrants. Even globalization’s biggest boosters now concede that it has produced lopsided benefits and that something will have to change.Link

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An Industrial Policy for Good Jobs

An Industrial Policy for Good Jobs. Dani Rodrik, May 8, 2019, “So-called productive dualism is driving many contemporary ills in developed and developing countries alike: rising inequality and exclusion, loss of trust in governing elites, and growing electoral support for authoritarian populists. But much of the policy discussion today focuses on solutions that miss the true source of the problem.Link

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Peaceful Coexistence 2.0

Peaceful Coexistence 2.0. Dani Rodrik, April 10, 2019, Opinion, “Today’s Sino-American impasse is rooted in “hyper-globalism,” under which countries must open their economies to foreign companies, regardless of the consequences for their growth strategies or social models. But a global trade regime that cannot accommodate the world’s largest trading economy is a regime in urgent need of repair.Link

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