Engaging with the Outside World: Academia and Public Policy

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This chapter explores the importance of academia connecting with the outside world, particularly in the field of public policy. It discusses the role of universities in creating platforms and organizations to advance their respective fields. The chapter also delves into the relationship between economic growth, education, and migration, highlighting the impact of knowledge networks and the concept of brain drain.

Yascha Mounk and Ricardo Hausmann discuss development economics and how globalization has changed the nature of knowledge.

Ricardo Hausmann is an economist and the founder and Director of Harvard’s Growth Lab and the Rafik Hariri Professor of the Practice of International Political Economy at Harvard Kennedy School. Hausmann has also served as Minister of Planning of Venezuela (1992-1993) and on the Board of the Central Bank of Venezuela.

In this week’s conversation, Yascha Mounk and Ricardo Hausmann discuss the effect of globalization on social stratification; how “brain drains” and immigration can have counterintuitive effects on growth; and why we may often overrate the economic effects of corruption.

This transcript has been condensed and lightly edited for clarity.

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