Tag Archives: Dani Rodrik

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 …

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 …

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 …

In Highly Indebted countries, it might require a combination of deeper debt reduction and longer time COMMENT | Dani Rodrik, Reza Baqir, and Ishac Diwan | This year may prove devastating for the developing world, as more and more countries find themselves engulfed in debt crises. Several (Lebanon, Sri Lanka, Russia, Suriname, …

Why trade rules shouldn’t stand in the way of measures that advance global decarbonisation effort COMMENT | Dani Rodrik | Late last month, a foreign leader accused U.S. President Joe Biden of pursuing “super aggressive” industrial policies. It was not Russian President Vladimir Putin or Chinese President Xi Jinping, whose countries are …

Why American policymakers shouldn’t conflate reasserting its global primacy with establishing a more secure world COMMENT | DANI RODRIK | When I started teaching at Harvard’s Kennedy School in the mid-1980s, competition with Japan was the dominant preoccupation of U.S. economic policy. The book `Japan as Number One’ by Harvard’s …

  Economists should be humble when they recommend (or dismiss) various inflation-fighting strategies COMMENT | DANI RODRIK | The specter of inflation is once again stalking the world after a long period of dormancy during which policymakers were more likely to be preoccupied by price deflation. Now, old debates have …

  To appeal to the 70-plus million Americans who backed Trump, they must solve deep-rooted economic problems COMMENT | DANI RODIK | As Joe Biden eked out a victory in the U.S. presidential election after a few suspenseful days, observers of American democracy were left scratching their heads. Buoyed by …

Private firms undertake the bulk of R&D but governments fund it and must offer it direction COMMENT | DANI RODRIK | Innovation is the engine that drives contemporary economies. Living standards are determined by productivity growth, which in turn depends on the introduction and dissemination of new technologies that allow …

  Will economists prove more helpful today, when the challenges are as pressing as the Great Depression? COMMENT | DANI RODRIK | At the end of 1933, John Maynard Keynes sent a remarkable public letter to U.S. President Franklin Delano Roosevelt. FDR had taken office earlier that year, in the midst …