Dani Rodrik

Facebook, Twitter, Whatsapp; will new technologies help or harm developing countries?

CAMBRIDGE – New technologies reduce the prices of goods and services to which they are applied. They also lead to the creation of new products. Consumers benefit from these improvements, regardless of whether they live in rich or poor countries. Mobile phones are a clear example of the deep...

Monday, October 8, 2018, 9:04 PM

In defense of economic populism

Populists’ aversion to institutional restraints extends to the economy, where they oppose obstacles placed in their way by autonomous regulatory agencies, independent central banks, and global trade rules. But while populism in the political domain is almost always harmful, economic populism...

Wednesday, January 10, 2018, 12:00 AM

Can Macron pull it off?

CAMBRIDGE – Emmanuel Macron’s victory over Marine Le Pen was much-needed good news for anyone who favors open, liberal democratic societies over their nativist, xenophobic counterparts. But the battle against right-wing populism is far from won. Le Pen received more than a third of the...

Wednesday, May 10, 2017, 12:00 AM

Global citizens, national shirkers

CAMBRIDGE – Last October, British Prime Minister Theresa May shocked many when she disparaged the idea of global citizenship. “If you believe you’re a citizen of the world,” she said, “you’re a citizen of nowhere.” Her statement was met with derision and...

Saturday, February 11, 2017, 12:00 AM

Trump’s defective industrial policy

CAMBRIDGE – US President-elect Donald Trump has yet to take office, but his brand of flawed industrial policy has been on full display since his surprise win in November. Within weeks of the election, Trump had already claimed a victory. Through a mix of inducements and intimidation, he...

Thursday, January 12, 2017, 12:00 AM

Don’t cry over dead trade agreements

CAMBRIDGE – The seven decades since the end of World War II were an era of trade agreements. The world’s major economies were in a perpetual state of trade negotiations, concluding two major global multilateral deals: the General Agreement on Tariffs and Trade (GATT) and the treaty...

Friday, December 9, 2016, 12:00 AM

The false economic promise of global governance

Cambridge – Global governance is the mantra of our era’s elite. The surge in cross-border flows of goods, services, capital, and information produced by technological innovation and market liberalization has made the world’s countries too interconnected, their argument goes, for...

Friday, August 12, 2016, 12:00 AM

The abdication of the left

RONDA, SPAIN – As the world reels from the Brexit shock, it is dawning on economists and policymakers that they severely underestimated the political fragility of the current form of globalization. The popular revolt that appears to be underway is taking diverse, overlapping forms:...

Tuesday, July 12, 2016, 12:00 AM

A progressive logic of trade

Dani Rodrik CAMBRIDGE – The global trade regime has never been very popular in the United States. Neither the World Trade Organization nor the multitudes of regional trade deals such as the North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP) have had strong...

Thursday, April 21, 2016, 12:00 AM

The trade numbers game

Dani Rodrik CAMBRIDGE – The Trans-Pacific Partnership (TPP) – a mega trade deal covering 12 countries that together account for more than one-third of global GDP and a quarter of world exports – is the latest battleground in the decades-long confrontation between proponents and opponents of...

Thursday, February 11, 2016, 12:00 AM

The return of public investment

Dani Rodrik CAMBRIDGE – The idea that public investment in infrastructure – roads, dams, power plants, and so forth – is an indispensable driver of economic growth has always held powerful sway over the minds of policymakers in poor countries. It also lay behind early development assistance...

Thursday, January 14, 2016, 12:00 AM

The evolution of work

Dani Rodrik CAMBRIDGE – In mid-December, the United Nations will launch the latest of its annual landmark Human Development Reports. This year’s report focuses on the nature of work: how the way we earn a living is being transformed by economic globalization, new technologies, and innovations...

Friday, December 11, 2015, 12:00 AM

When financial markets misread politics

Dani Rodrik CAMBRIDGE – When Turkey’s Justice and Development Party (AKP) defied pundits and pollsters by regaining a parliamentary majority in the country’s general election on November 1, financial markets cheered. The next day, the Istanbul stock exchange rose by more than 5%, and the...

Thursday, November 12, 2015, 12:00 AM

The mirage of structural reform

Dani Rodrik ATHENS – Every economic program imposed on Greece by its creditors since the financial crisis struck in 2009 has been held together by a central conceit: that structural reforms, conceived boldly and implemented without slippage, would bring about rapid economic recovery. The...

Friday, October 9, 2015, 12:00 AM

Economists vs. Economics

Dani Rodrik CAMBRIDGE – Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of sins. The charges – including hubris, neglect of social goals beyond incomes...

Monday, September 14, 2015, 12:00 AM

Economists vs. Economics

CAMBRIDGE – Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of sins. The charges – including hubris, neglect of social goals beyond incomes,...

Saturday, September 12, 2015, 12:00 AM

The muddled case for trade agreements

With global trade negotiations deadlocked for years, regional agreements – long a dormant route to trade liberalization – are back with a vengeance. The United States is at the center of two mega-deals that could shape the future path of world trade. The Trans-Pacific Partnership (TPP...

Monday, June 15, 2015, 12:00 AM

Reforming Greek reform

Dani Rodrik PRINCETON – Greece’s new government, led by the anti-austerity Syriza party, presents the eurozone with a challenge that it has not yet had to face: dealing with national officials who are outside the traditional European mainstream. Syriza is in many ways a radical party, and its...

Saturday, February 14, 2015, 12:00 AM

The perils of economic consensus

PRINCETON – The Initiative on Global Markets, based at the University of Chicago, periodically surveys a group of leading academic economists, of varying political persuasions, on the issues of the day. Its latest roundup asked whether President Barack Obama’s stimulus plan helped to...

Monday, August 18, 2014, 12:00 AM

Globalisation and the emerging-market hype

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,...

Monday, February 10, 2014, 12:00 AM