Dani Rodrik (Harvard Kennedy School Economics Professor) on Industrial Policy, Globalization and His Career
Apr 11, 2024
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Harvard Economics Professor Dani Rodrik discusses industrial policy, globalization, and his career. He challenges consensus on globalization, advocates for industrial policy blending, and explores revitalizing industrial policies. The podcast also delves into economic nationalism, political equilibrium, China's growth, and the US presidential election impact.
Customizing industrial policies to address market failures boosts economic growth.
Balancing economic nationalism with equitable growth policies is crucial in global economic governance.
Deep dives
Industrializing PR for Academic Books
The podcast episode discusses the challenges faced by academics in promoting their books and the lack of PR services tailored to academic publications. Marshall Poe, the podcast host, shares his experience working with a PR firm in New York that successfully publicized his academic book. Inspired by this collaboration, a new PR service targeting authors of academic books was developed in partnership with R.L.M. and the New Books Network. The aim is to offer authors value for money and to fill a gap in the market for promoting academic publications.
Danny Roderick's Academic Journey
The episode features an in-depth discussion with Danny Roderick, a prominent scholar in international economics and industrial policy. Roderick shares insights into his academic background, journey to pursuing a PhD in economics, and influences that shaped his research interests. He emphasizes the intersection of political science and economics in his academic path, highlighting the pivotal role of economics in his decision to pursue a PhD.
Roderick's Advocacy for Industrial Policy
Roderick delves into the rationale behind advocating for industrial policy, emphasizing the economic benefits such policies can yield. He outlines three key economic justifications for industrial policy, including learning and knowledge spillovers, coordination failures, and the provision of critical public inputs to enhance a country's productive capacity. Roderick stresses the importance of customizing public assistance to individual firms and sectors to overcome market failures and drive economic growth.
Navigating Global Economic Shifts
The podcast explores the evolving landscape of global economic policies and the impact of shifting priorities on trade, industrial policies, and economic nationalism. Roderick reflects on the changing dynamics post-neoliberalism era and the potential trajectories in global economic governance. He articulates a nuanced perspective on the potential outcomes, highlighting the importance of balancing economic nationalism with policies that foster equitable growth and societal cohesion.
Dani Rodrik (Harvard Kennedy School Economics Professor) joins the podcast to discuss his career, the best case for industrial policy, the labor market effects of globalization, and his vision of an ideal economic policy paradigm.