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Dani Rodrik Says More… Project Syndicate (PS): “What some decry as protectionism and mercantilism,” you wrote last month, “is really a rebalancing toward addressing important national issues”. As you explain in your 2017 book, “Straight Talk on Trade: Ideas for a Sane World Economy”, the blind promotion of unbridled globalisation was never good economics. What forgotten or
Dani Rodrik Says More… Project Syndicate (PS): “What some decry as protectionism and mercantilism,” you wrote last month, “is really a rebalancing toward addressing important national issues”. As you explain in your 2017 book, “Straight Talk on Trade: Ideas for a Sane World Economy”, the blind promotion of unbridled globalisation was never good economics. What forgotten or
CAMBRIDGE — “The era of free trade seems to be over. How will the world economy fare under protectionism?”This is one of the most common questions I hear nowadays. But the distinction between free trade and protectionism (like the one between markets and the state, or mercantilism and liberalism) is not especially helpful for understanding the global economy. Not only does it
Economists have long argued that productivity is the foundation of prosperity. The only way a country can increase...
CAMBRIDGE — Economists have long argued that productivity is the foundation of prosperity. The only way a country can increase its standard of living sustainably is to produce more goods and services with fewer resources. Since the Industrial Revolution, this has been achieved through innovation, which is why productivity has become synonymous, in the public imagination, with