Dr Jostein Hauge is a political economist and an Assistant Professor in Development Studies at the University of Cambridge, based at the Centre of Development Studies and the Department of Politics and International Studies. He is also the Director of the MPhil in Development Studies and a Fellow of Magdalene College.
His research lies at the intersection of international political economy and development economics.
He is the author of The Future of the Factory: How Megatrends are Changing Industrialization, published by Oxford University Press.
The book investigates how industrialization pathways are shaped by recent technological developments, new forces of globalization, and the threat of ecological collapse. It also charts new pathways for industrial policy and global governance.TIMESTAMPS:
0:00 Introduction and Trailer
01:20 Why Alexander Hamilton Still Matters for Economic Development
03:03 The Return of the State: From Free Markets to Industrial Policy
07:21 Beyond Tariffs: The Full Toolkit of Modern Industrial Policy
10:28 America's Industrial Policy Deficit and the CHIPS Act Gamble
14:02 The Rise of Services and the Manufacturing Illusion
17:35 How America Lost 25% of Global Manufacturing in Three Decades
20:43 The Fatal Mistake: Conflating Low Price with Low Value
23:41 Losing the Industrial Commons: Why Offshoring Costs More Than Jobs
26:04 The East Asian Tiger Playbook: Investment, Patience, and Reciprocal Control
33:32 China's Gladiator Economy: When Copycatting Drives Innovation
37:27 The Patent Paradox: Protecting Profits or Enabling Development?
40:16 Vietnam's Geopolitical Tightrope: Navigating US-China Competition
44:56 Mexico's Cautionary Tale: When Liberalisation Fails
50:31 Financial Repression as Development Strategy: Controlling Capital for Growth
54:31 Why Industrial Policy Requires Embracing Failure
55:35 Who Bears Responsibility for Climate Change?
59:00 China's Green Tech Dominance: Opportunity or Threat for the Global South?
1:02:01 The Overcapacity Debate
1:08:52 AI Anxiety and the Luddite Fallacy: What History Teaches About Automation
1:16:20 Ha-Joon Chang's Impact on Jostein
1:20:42 Advice for Fresh Graduates Entering the Working World
