Found 92 article(s) for author 'Dani Rodrik'

Green Industrial Policy

Green Industrial Policy. Dani Rodrik, 2014, Paper. “Green growth requires green technologies: production techniques that economize on exhaustible resources and emit fewer greenhouse gases. The availability of green technologies both lowers social costs in the transition to a green growth path and helps achieve a satisfactory rate of material progress under that path. The theoretical case in favour of using industrial policy to facilitate green growth is quite strong. Economists’ traditional scepticism on industrial policy is grounded instead on pragmatic considerations having to do with the difficulty of achieving well-targeted and effective…” Link

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Death by Finance

Death by Finance. Dani Rodrik, February 10, 2014, Opinion. “How quickly emerging markets’ fortunes have turned. Not long ago, they were touted as the salvation of the world economy – the dynamic engines of growth that would take over as the economies of the United States and Europe sputtered. Economists at Citigroup, McKinsey, PricewaterhouseCoopers, and elsewhere were predicting an era of broad and sustained growth from Asia to Africa…” Link

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Emerging Markets’ Victimhood Narrative

Emerging Markets’ Victimhood Narrative. Dani Rodrik, January 31, 2014, Opinion. “From Istanbul to Brasilia to Mumbai comes a crescendo of complaints about dollar imperialism. Heads of state and central bank governors allege that the policies of central banks in industrial countries, especially the U.S. Federal Reserve, pursued in self-interest, are wreaking havoc in emerging-market economies. This allegation is mostly unfair. Emerging markets aren’t hapless and undeserved victims; for the most part they are simply reaping what they sowed…” Link verified June 19, 2014

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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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