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Conversations with Tyler

Dani Rodrik on Premature Deindustrialization and Why the World is Second Best at Best

Oct 1, 2015
Expert in political economy and international trade, Dani Rodrik, discusses premature deindustrialization, the challenges faced by developing countries, the importance of industrialization for economic growth, the tension between immigration and the welfare state, the absorption of Syrians into Germany, Vietnam's development, and the decline of manufacturing industry.
01:24:47

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Premature deindustrialization can hinder growth in poorer nations, emphasizing the importance of rapid industrialization for development.
  • Manufacturing possesses unique characteristics that make it more adaptable and conducive to rapid industrialization and economic growth.

Deep dives

Premature deindustrialization and the future of Africa

The guest, Danny Rodrick, discusses the notion of premature deindustrialization, which suggests that poorer nations today may not be able to follow the path of industrialization taken by countries like South Korea or Taiwan. Rodrick explains that rapid industrialization has been a key factor in the rapid growth and development of countries like South Korea, and without the possibilities of rapid industrialization, countries may experience slower growth based on the accumulation of basic capabilities, human capital, and institutional improvement. He also highlights the importance of a steady and hard-working approach to growth, rather than relying on the rapid growth rates seen in industrialized countries.

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