Searching for a growth engine

According to Rodrik:

"In the early days of the global financial crisis, there was some optimism that developing countries would avoid the downturn that advanced industrial countries experienced. […] But these hopes were dashed as international lending dried up and trade collapsed."

"[…] Sustained growth requires a growth strategy, and most developing countries do not yet have one that would put them irrevocably on the path of economic convergence."

The Myth of Authoritarian Growth

"The relationship between a nation's politics and its economic prospects is one of the most fundamental – and most studied – subjects in all of social science. Which is better for economic growth – a strong guiding hand that is free from the pressure of political competition, or a plurality of competing interests that fosters openness to new ideas and new political players?"

Rodrik, Project Syndicate

Confidence Bugaboo

In his Communist Manifesto, Marx went on to say that it is "high time that Communists should openly, in the face of the whole world, publish their views, their aims, their tendencies, and meet this nursery tale of the specter of Communism with a Manifesto of the party itself." Similarly, it would be nice if markets would clarify what they mean by "confidence" so that we would all know what we are really dealing with.

Rodrik

Who Lost Europe?

Who Lost Europe? - Dani Rodrick

"If you want to succed, rise your error rate"

Industrial policy is back

In fact, industrial policy never went out of fashion. Economists enamored of the neo-liberal Washington Consensus may have written it off, but successful economies have always relied on government policies that promote growth by accelerating structural transformation.