|Born||August 14, 1957|
|Institution||Institute for Advanced Study|
|Field||International economics, economic development, political economy|
|Alma mater|| Robert College |
Princeton University (PhD, MPA)
Harvard University (AB)
|Awards||Leontief Prize for Advancing the Frontiers of Economic Thought (2002)|
|Information at IDEAS / RePEc|
Dani Rodrik (born August 14, 1957) is a Turkish economist and Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He was formerly the Albert O. Hirschman Professor of the Social Sciences at the Institute for Advanced Study in Princeton, New Jersey. He has published widely in the areas of international economics, economic development, and political economy. The question of what constitutes good economic policy and why some governments are more successful than others at adopting it is at the center of his research. His works include Economics Rules: The Rights and Wrongs of the Dismal Science and The Globalization Paradox: Democracy and the Future of the World Economy. He is also joint editor-in-chief of the academic journal Global Policy .
Rodrik is descended from a family of Sephardic Jews.
After graduating from Robert College in Istanbul,he obtained an A.B. degree (summa cum laude) in Government and Economics from Harvard College in 1979. He then earned an M.P.A. degree (with distinction) from Princeton School of Public and International Affairs in 1981 and a Ph.D. degree in Economics from Princeton University in 1985, with the thesis titled Studies on the Welfare Theory of Trade and Exchange-rate Policy.
He had also been writing for the now defunct Turkish daily Radikal 2009–2016.
He joined the newly created World Economics Association as a member of the executive committee in 2011.
He is married to Pınar Doğan, a lecturer in Public Policy at the Harvard Kennedy School.She is the daughter of Turkish retired General Çetin Doğan who was acquitted of an aggravated life imprisonment for his alleged involvement in the alleged Sledgehammer coup plan.
As a scholar, he is affiliated with the National Bureau of Economic Research, Centre for Economic Policy Research (London), Center for Global Development, Institute for International Economics, and the Council on Foreign Relations, and is co-editor of the Review of Economics and Statistics. He has been the recipient of research grants from the Carnegie Corporation, Ford Foundation, and Rockefeller Foundation. Among other honors, he was presented the Leontief Prize for Advancing the Frontiers of Economic Thought in 2002 from the Global Development and Environment Institute.
On 8 November 2019, he received an honorary doctorate from Erasmus University Rotterdam.
On 21 January 2020, Pope Francis named him a member of the Pontifical Academy of Social Sciences.
This section needs additional citations for verification .(December 2017)
His 1997 book Has Globalization Gone Too Far? was called “one of the most important economics books of the decade” in Bloomberg Businessweek.
In his article, he focused on three tensions between the global market and social stability. Pointing out that the so-called "globalization" has a dilemma of promoting international equality while exposing fault lines between the nation states with the skills and capitals to succeed in global markets and those without that advantage, he sees the free market system as a threat to social stability and deeply domestic norms.According to his analysis, there are three categories of reasons on why these tensions arise.
First, the tension is caused via globalization because reduced barriers to trade and foreign direct investments draw a vivid line between nations and groups that can take advantage of such cross-border relations and those who cannot. Rodrik refers to the first category of groups as highly skilled workers, professionals and those who are free to take their resources where they are most in demand. The second category would include unskilled workers and semiskilled workers, who, under globalization, as a resource become more elastic and easily substitutive.
The second source for tension comes because globalization engenders conflicts within and between nations over domestic norms and social institutions. Technology and culture are being more standardized around the world, and different nations with different norms and values tend to show repulsion toward such collective norms diffused internationally in a standardized form.
Lastly, the third threat of globalization arises because it has made it extremely difficult for national governments to provide social insurance.
Dani Rodrik is a regular contributor to Project Syndicate since 1998. He also founded Economics for Inclusive Prosperity (EfIP) with Suresh Naidu, Gabriel Zucman, and 11 additional founding members in February 2019.
Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors; however, they also reduce trade and adversely affect consumers in general, and harm the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against.
An industrial policy (IP) or industrial strategy of a country is its official strategic effort to encourage the development and growth of all or part of the economy, often focused on all or part of the manufacturing sector. The government takes measures "aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation." A country's infrastructure is a major enabler of the wider economy and so often has a key role in IP.
The race to the bottom is a socio-economic phrase to describe government deregulation of the business environment, or reduction in tax rates, in order to attract or retain economic activity in their jurisdictions. While this phenomenon can happen between countries as a result of globalization and free trade, it also can occur within individual countries between their sub-jurisdictions. It may occur when competition increases between geographic areas over a particular sector of trade and production. The effect and intent of these actions is to lower labor rates, cost of business, or other factors over which governments can exert control.
Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels.
International political economy (IPE), also known as global political economy (GPE), is the study of how politics shapes the global economy and how the global economy shapes politics. It is a subfield of economics, political science and international relations. IPE is most closely linked to the fields of macroeconomics, international business, international development and development economics. A key focus in IPE is on the distributive consequences of global economic exchange. It has been described as the study of "the political battle between the winners and losers of global economic exchange."
Market fundamentalism, also known as free-market fundamentalism, is a term applied to a strong belief in the ability of unregulated laissez-faire or free-market capitalist policies to solve most economic and social problems. It is often used as pejorative by critics of said beliefs.
The impossible trinity is a concept in international economics which states that it is impossible to have all three of the following at the same time:
Erasmus University Rotterdam is a public research university located in Rotterdam, Netherlands. The university is named after Desiderius Erasmus Roterodamus, a 15th-century humanist and theologian.
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and transaction.
Avinash Kamalakar Dixit is an Indian-American economist. He is the John J. F. Sherrerd '52 University Professor of Economics Emeritus at Princeton University, and has been Distinguished Adjunct Professor of Economics at Lingnan University, senior research fellow at Nuffield College, Oxford and Sanjaya Lall Senior Visiting Research Fellow at Green Templeton College, Oxford.
Ricardo Hausmann is the former Director of the Center for International Development currently leading the Center for International Development’s Growth Lab and is a Professor of the Practice of Economic Development at the John F. Kennedy School of Government at Harvard University. He is also a former Venezuelan Minister of Planning and former Head of the Presidential Office of Coordination and Planning (1992–1993). He co-introduced several regularly used concepts in economics including original sin, growth diagnostics, self-discovery, dark matter, the product space, and economic complexity.
Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account. These measures may be economy-wide, sector-specific, or industry specific. They may apply to all flows, or may differentiate by type or duration of the flow.
Gene Michael Grossman is the Jacob Viner Professor of International Economics at Princeton University. He received his B.A. in Economics from Yale University in 1976 and his Ph.D. in Economics from the Massachusetts Institute of Technology in 1980. He became assistant professor at Princeton University in 1980 and full professor of economics in 1988. He is well known for his research on international trade, in large part focusing on the relationship between economic growth and trade and the political economy of trade policy. He is also known for his work on the environmental Kuznets curve. He frequently collaborated with Harvard professor Elhanan Helpman, producing three books together: Innovation and Growth in the Global Economy, Special Interest Politics, and Interest Groups and Trade Policy. In 2009, Grossman received an honorary doctorate in Economics from the University of St. Gallen. Grossman received the 2015 Onassis Prize for International Trade. In 2016, Grossman received an honorary doctorate in Economics from the University of Minho. Professor Grossman currently lives with his wife and fellow lecturer at the Princeton School of Public and International Affairs, Jean Baldwin Grossman. He has two children.
Nancy Birdsall is the founding president of the Center for Global Development (CGD) in Washington, DC, USA, and former executive vice-president of the Inter-American Development Bank. She co-founded CGD in November 2001 with C. Fred Bergsten and Edward W. Scott Jr. and served as president until 2016. Prior to becoming the President of CGD, Birdsall served for three years as Senior Associate and Director of the Economic Reform Project at the Carnegie Endowment for International Peace. Her work at Carnegie focused on issues of globalization and inequality, as well as on the reform of the international financial institutions. From 1993 to 1998, At the Inter-American Development Bank, the largest of the regional development banks, she oversaw a $30 billion public and private loan portfolio. Before joining the Inter-American Development Bank, Birdsall spent 14 years in research, policy, and management positions at the World Bank, most recently as director of the Policy Research Department.
The concertina model, sometimes referred to as the concertina rule or "concertina method", is an international trade liberalisation strategy, which consists of removing the highest tariffs first. Amiti traces this "idea back to Meade who concluded that the welfare gains will be larger if tariffs on those goods with the highest tariffs are reduced first. This result was formalized by a number of authors, including Bertrand and Vanek (1971) and Falvey (1988) for a small, open, perfectly competitive economy."
Erik Thorbecke is a development economist. He is a co-originator of the widely used Foster-Greer-Thorbecke poverty measure and played a significant role in the development and popularization of Social Accounting Matrix. Currently, he is H. E. Babcock Professor of Economics, Emeritus, and Graduate School Professor at Cornell University.
Çetin Doğan is a retired Turkish general. He was Commander of the First Army of Turkey.
Joseph Francois is a professor of international economics at the University of Bern, where he has taught since 2013. Since 2015, he is also the Managing Director of the World Trade Institute. He is co-director of the European Trade Study Group, which he co-founded in 1999. He is a research fellow of the Centre for Economic Policy Research (CEPR) and an at-large board member of the Global Trade Analysis Project (GTAP).
Hyper-globalization is the dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century. It covers all three main dimensions of economic globalization, cultural globalization, and political globalization. The concept first arose in the 2011 work by Dani Rodrik, an economist and professor of International Political Economy at the Kennedy School of Government at Harvard University, who described it in The Globalization Paradox. Rodrik criticized the state of globalization, questioning the wisdom of unlimited economic integration beyond national borders. He sees a conflict between the workings of the nation state and free flow economic globalization that has gone too far "toward an impractical version that we might call hyperglobalization".
Thepolitical trilemma of the world economy is a concept created by economist Dani Rodrik to capture the trade-offs that governments faced in their responses to globalization. The trilemma holds that "democracy, national sovereignty and global economic integration are mutually incompatible: we can combine any two of the three, but never have all three simultaneously and in full." According to Rodrik, states embraced globalization and national autonomy in the late 19th century, but sacrificed democratic decision-making. In the post-World War II period, states sacrificed globalization while embracing democracy at home and national autonomy. The trilemma suggests that the backlash against globalization in the last few decades is rooted in a desire to reclaim democracy and national autonomy, even if it undermines economic integration. Rodrik first presented the trilemma in a 2000 paper.
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