Found 9 article(s) for author 'Lant Pritchett'

Industrial Policy: Love it or Hate it?

Industrial Policy: Love it or Hate it? Lant Pritchett, Ricardo Hausmann, February 28, 2018, Video, “Industrial policy has been one of the most heated issues in the history of development. It was viewed as a tool to stimulate activity, but debating what and how to incentivize is the wrong question. Ricardo Hausmann says the new industrial policy is an information revelation process about the state of possibilities, the nature of the obstacles and figuring out whether you can sort out the obstacles so that these new activities can take over.Link

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Deals and Development – The Political Dynamics of Growth Episodes

Deals and Development: The Political Dynamics of Growth Episodes. Lant Pritchett, 2017, Book, “Provides a novel framework for understanding how growth episodes emerge and when growth is maintained for a sustained period. Draws on country specific examples to ground theory in practice. Explains actionable methods of intervention to improve a country’s chance at achieving transformative economic growth. Uses a clear layout and unified approach to help the reader find the information they need. An open access title available under the terms of a CC BY-NC-ND 4.0 International licence.Link

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Development in Someone Else’s Country

Development in Someone Else’s Country. Lant Pritchett, Ricardo Hausmann, February 28, 2017, Video, “In this discussion with Ricardo Hausmann, Lant Pritchett shares his belief that there’s too much concern with attribution in development efforts. Development is too broad and complicated to focus on establishing a chain of causality. Lant references research from 2009 where NGO efforts were named slightly more than crime as a mechanism that people said helped them escape poverty.Link

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Is There a Goldilocks Solution? “Just Right” Promotion of Labor Mobility

Is There a Goldilocks Solution? “Just Right” Promotion of Labor Mobility. Lant Pritchett, December 2016, Paper, “Relaxations of rich country restrictions on the mobility of low-skilled labor is far and away the single most potent policy change to raise incomes of people now living in poor countries. But this just isn’t on the post-2015 Sustainable Development Goals agenda or the agenda of any development actor. The reason why is seemingly obvious: rich country voters don’t want it. In this policy essay we take issue with that explanation in two ways. First, a naïve explanation of the global agenda as determined by the “polled opinion of the median voters” (of whatever countries) is an empirically poor model.Link

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The New Economic Case for Migration Restrictions: An Assessment

The New Economic Case for Migration Restrictions: An Assessment. Lant Pritchett, February 2016, Paper. “For decades, migration economics has stressed the effects of migration restrictions on income distribution in the host country. Recently the literature has taken a new direction by estimating the costs of migration restrictions to global economic efficiency. In contrast, a new strand of research posits that migration restrictions could be not only desirably redistributive, but in fact globally efficient. This is the new economic case for migration restrictions.Link

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Taxes: Price of Civilization or Tribute to Leviathan?

Taxes: Price of Civilization or Tribute to Leviathan? Lant Pritchett, August 2015, Paper. “There are two dominant narratives about taxation. One is taxes are the “price we pay for a civilized society” (Oliver Wendell Holmes Jr.). In this view taxes are not a necessary evil (as in the pairing of “death and taxes”) but a positive good as more taxes buy more “civilization.” The other view is that taxes are “tribute to Leviathan”—a pure involuntary extraction from those engaged in economic production to those who control coercive power producing no reciprocal benefit. In this view taxes are a bane of the civilized. We consider the question of taxes as price versus tribute...” Link

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Applications and Cases in International Development

Applications and Cases in International Development. Lant Pritchett, Michael Walton, Course Year 2014-2015, Syllabus. “The course has two objectives. First, to build an understanding of the nature and drivers of change in real development settings. Second, to illustrate the use of the range of concepts and techniques from other MPA/ID courses in the diagnosis of development change. The overall philosophy of the course is that practitioners need both strong analytical and empirical techniques and a capacity to interpret the political and institutional context...” Link

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Growth slowdowns: Middle-Income Trap vs. Regression to the Mean

Growth slowdowns: Middle-Income Trap vs. Regression to the Mean. Lant Pritchett, Lawrence H. Summers, December 11, 2014, Paper. “Dozens of nations think they are in the ‘middle-income trap’. Lant Pritchett and Larry Summers present new evidence that this trap is actually just growth reverting to its mean. This matters since belief in the ‘trap’ can lead governments to misinterpret current challenges. For lower-middle-income nations the 21st century beckons, but there are still 19th century problems to address. Moreover, sustaining rapid growth requires both parts of creative destruction, but only one is popular with governments and...” Link

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Asiaphoria Meets Regression to the Mean

Asiaphoria Meets Regression to the Mean. Lant Pritchett, Lawrence H. Summers, October 2014. Paper. “Consensus forecasts for the global economy over the medium and long term predict the world’s economic gravity will substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly, history teaches that abnormally rapid growth is rarely persistent, even though economic forecasts invariably extrapolate recent growth…” Link

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