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Tag Archives: Dani Rodrik

The two faces of free trade

 COMMENT | DANI RODRIK |  Few terms in economics are as ideologically loaded as “free trade.” Advocate it nowadays, and you are likely to be regarded as an apologist for plutocrats, financiers, and footloose corporations. Defend open economic borders, and you will be labeled naive or, worse, a stooge of the …

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America’s emulation of China

New rules are needed as strains in their relationship multiply over industrial policies that are not so different COMMENT | DANI RODRIK | It is common to think of US-China tensions as the inevitable result of stark differences between the two countries. The United States has a fully capitalist market economy, …

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Better jobs mean better development

  Governments must learn how to enhance productivity and employment in labour-intensive service sectors COMMENT | DANI RODRIK | Conventional economics has always had a blind spot when it comes to jobs. The problem goes back to Adam Smith, who placed consumers, rather than workers, on the throne of economic life. …

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Doing economic nationalism the right way

When governments make nationalist mistakes, it is primarily their own people who pay the price COMMENT | DANI RODRIK | With the United States leading the way, the world seems to be entering a new era of economic nationalism, as many countries prioritise their domestic social, economic, and environmental agendas over …

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Protectionism, development, redistribution, and more

COMMENT | Dani Rodrik | Dani Rodrik, Professor of International Political Economy at Harvard Kennedy School, President of the International Economic Association and the author of `Straight Talk on Trade: Ideas for a Sane World Economy’ (Princeton University Press, 2017) says more… Project Syndicate: “What some decry as protectionism and mercantilism,” you …

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The global economy’s real enemy

Why geopolitics and not protectionism should be the worry for the future health of the world economy COMMENT | DANI RODRIK | “The era of free trade seems to be over. How will the world economy fare under protectionism?” This is one of the most common questions I hear nowadays. But …

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Focus on productivity, not technology

New technologies may fail to lift all boats because their benefits can be captured by a small group COMMENT | DANI RODRIK | Economists have long argued that productivity is the foundation of prosperity. The only way a country can increase its standard of living sustainably is to produce more goods …

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America’s new trade policies

Will its restrictive approach to China and subversion of the WTO leave the developing world behind? COMMENT | Dani Rodrik | Developing countries are increasingly worried that the United States will turn its back on the multilateral trade regime. Amid rising geopolitical tensions, policymakers in lower- and middle-income countries fear that a …

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What’s next for globalisation?

The future of the world economy will depend on how these competing policy frameworks play out COMMENT | Dani Rodrik | The narrative that underpins the current global economic system is in the midst of a transformative plot twist. Since the end of World War II, the so-called liberal international order has …

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The knowledge mismatch

Policymakers and innovators remember that it is not any knowledge, but useful knowledge, that empowers us COMMENT | Dani Rodrik | Knowledge holds the key to economic prosperity. Technology, innovation, and know-how all come from learning new ways to produce the goods and services that enrich us. Knowledge is also the archetypal …

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