Found 107 article(s) for author 'Dani Rodrik'

Technology for All

Technology for All. Dani Rodrik, March 6, 2020, Opinion, “Technological change does not follow its own direction, but rather is shaped by moral frames, incentives, and power. If we think more about how innovation can be directed to serve society, we can afford to worry less about how we should adjust to it.Link

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New Firms for a New Era

New Firms for a New Era. Dani Rodrik, February 12, 2020, Opinion, “In recent years, large corporations have become increasingly aware that they must be sensitive not only to the financial bottom line, but also to the social and environmental effects of their activities. But societies should not allow firms’ owners and their agents to drive the discussion about reforming corporate governance.Link

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The Changing Face of Economics

The Changing Face of Economics. Dani Rodrik, January 10, 2020, Opinion, “Economists necessarily lack evidence about alternative institutional arrangements that are distant from our current reality. The challenge is to remain true to empiricism without crowding out the imagination needed to envisage the inclusive and freedom-enhancing institutions of the future.Link

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Tackling Inequality from the Middle

Tackling Inequality from the Middle. Dani Rodrik, December 10, 2019, Opinion, “The rise of populist movements and street protests from Chile to France has made inequality a high priority for politicians of all stripes in the world’s rich democracies. But a fundamental question has received relatively little attention: What type of inequality should policymakers tackle?Link

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Rebirth of Industrial Policy and an Agenda for the 21st Century

Rebirth of Industrial Policy and an Agenda for the 21st Century. Dani Rodrik, November 2019, Paper, “After a period of decline in interest and premature predictions of demise, industrial policy is back on the scene. A variety of trends have contributed to the renewed interest. In the developing world there has been a pushback against the market-fundamentalist approach, typically associated with the Washington Consensus. Even when growth rates have been high, economies in Sub-Saharan Africa and Latin America have experienced unsatisfactory rates of productive transformation and shortfalls in generating quality jobs in manufacturing or modern services. This has created a demand for proactive government policies to diversify and upgrade economies beyond simply freeing up markets. In the advanced economies, generalized labor market malaise and the lingering effects of the financial crisis have produced similar effects. Low growth dynamics occurred especially in the euro zone, as countries with..Link

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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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