I don't always agree with him, but his recent paper on productivity convergence is one of my current favorites, just brilliant. He has revived the tradition of
I don't always agree with him, but his recent paper on productivity convergence is one of my current favorites, just brilliant. He has revived the tradition of political economy in many areas of development economics and is always concise and to the point.
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This is not a question, but I should point out that Dani Rodrik's twitter feed is in fact @rodrikdani and not @danirodrik
Do you think his China vs Latin America comparison holds water? I'm not convinced that it does. China was starting from a much lower "base" in terms of per capita GDP and income than most of Latin America (including the high population Latin American countries), so it's not really surprising that they grew faster.
I'm also a little dubious as to whether they're benefiting from not engaging in capital market liberalization, considering state banking corruption leading to situations like that in the Chinese solar industry.
Observe recent difficulties in Europe: some EuroZone nations, because of their deep economic integration with others, can no longer control their own policies. No one nation can unilaterally decide how much to inflate the Euro; some nations now attempt to dictate austerity to others.
Does this illustrate that Rodrik’s trilemma (and other “Development Economics”) applies also to developed countries? Or may we conclude that Greece and some others are not developed? Or perhaps all countries on Earth are still developing?