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Does globalization have a future?
I recently gave a lecture on this topic at the University of Florida, and a video of the lecture is now online here. You will need Windows Media Player to watch it.
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Industrial policy goes mainstream
Brookings and AEI will jointly release a proposal today that advocates as much as $25 billion spending by the U.S. federal government on clean energies. The motivation, as described in the NYT story, is that cap-and-trade provides inadequate incentives for firms to invest in new technologies, a...
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Sounds so much better in Portuguese
You can get it here if you found the English language version too heavy going. Thanks to Alberto Castro for the notification.
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The biggest diploma I have ever received
... courtesy of some really nice people at the Catholic University of Peru.
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Book recommendations
Here are four very different books that I have greatly enjoyed reading recently. Kathryn Schulz's Being Wrong is a fascinating account of how being human means making errors that we refuse to own up to. Princeton sociologist Viviana Zelizer's Economic Lives: How Culture Shapes the Economy is ...
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The fault, dear Brutus, lies in our trade partners
How globalization makes hypocrites of us all – and how we should learn to live with it. My latest Project Syndicate column is here.
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Why the Tea Party is bad news for globalization
The Pew Research Center's newest poll on Americans' attitudes to trade contains some striking findings. The most significant, to me, is that support among Republicans for trade agreements has collapsed in less than a year by 15 percentage points. Remarkably, most Republicans now think trade ag...
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Can show trials strengthen confidence in the rule of law?
The European Commission apparently thinks they can. Its latest progress report on Turkey concludes its review of the Ergenekon/Sledgehammer cases with the following amazing statement: “Overall, the investigation into the alleged criminal network Ergenekon and the probe into several other coup p...
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The unsung development miracles of our time
Which are the countries that have improved their human development indicators the most since 1970 relative to their peers? You’d be surprised, as I was, to find that the top 10 is dominated not by East Asian superstars, but by Moslem countries: Oman, Indonesia, Saudi Arabia, Tunisia, Morocco, an...
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Are high food prices good or bad for poverty?
It depends on whether the poor are selling or buying, of course. High food prices benefit poor farmers who are net food sellers, and hurt poor food consumers in urban areas. Low food prices have the opposite effects. In each case, the net effect on poverty depends on the balance between these tw...
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Oxfam responds on food prices
Rob Bailey, a senior Oxfam policy adviser on food issues, responds to my summary of Johan F.M. Swinnen’s paper. Oxfam International and other organisations stand accused of focusing too heavily on the losers from food price movements, giving the impression that whatever food prices do, povert...
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Diagnostics before prescription
The Center for Development Economics at Williams College recently celebrated its 50th anniversary, and I was invited to give a speech. The topic was “Diagnostics Before Prescription,” and I summarized my views on where development economics is today. Here is the speech, including Jim Levinsohn’...
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Another round on food prices
Johan Swinnen responds to Oxfam: Let me start by thanking Dani Rodrik for putting a reference and summary of my report on his weblog. I also want to thank Mr. Bailey from Oxfam for his response and reference to two Oxfam reports. In fact, unlike Mr. Bailey’s claim that they contradict my argumen...
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The five best books on globalization, ever
I was asked by Sophie Roell recently what my favorite books on globalization are. I listed books by Karl Polanyi, Ron Findlay and Kevin O’Rourke, Jeffry Frieden, Barry Eichengreen, and Peter Singer. Here is the discussion that this led to.
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How not to win friends and influence people
From a visiting journalist who audited my globalization course this Fall: When I first got here, someone told me that you were quite conservative, which surprised me, based on what I had read of your work; but then I went to a dinner with the editor of the FT at which a senior economics profess...
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Down with spam
OK, I have had it with spam in my comments, and from now on you will have to sign in if you want to leave a comment. Thanks to Fergus for the suggestion and for finally getting me to do it.
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Is it time to call it quits on the Euro?
It pained me to write this as I have never been a Euroskeptic, but I fear the answer for Greece, Ireland, Spain, and Portugal may well be yes. These countries need both debt restructuring and a boost in competitiveness, and it is very difficult to see how they will get those while remaining in ...
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A profile of Avinash Dixit and a book review
The December issue of Finance & Development has a very nice profile of Avinash Dixit, not only a great economist but the best teacher I ever had (and I had some very good ones). Here is a snippet of what he has to say, this one on the financial crisis: “But the real fault was not so much in eco...
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A weird, weird trial
The most significant court case in Turkey in at least five decades is about to start. Nearly two hundred retired and active-duty officers will be on trial for having plotted back in 2003 to destabilize the country through violent acts (including the bombing of mosques and the downing of a Turkis...
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A tale of two books
It’s been a strangely prolific week publishing-wise. Literally within a few days of each other, I held in my hands two new books with my name on it. As you might gather from their cover, they couldn’t be more different. The first is a book that lays out my ideas on globalization and its futur...
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Bringing common sense back to the globalization debate
Suppose that the world’s leading policymakers were to meet again in Bretton Woods, New Hampshire, to design a new global economic order. They would naturally be preoccupied with today’s problems: the eurozone crisis, global recovery, financial regulation, international macroeconomic imbalance...
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“Hooray For Nation States”
That’s the title the editors at The New Republic picked for the article I wrote based on my new book. It was really hard to get the argument of the book into a short article, and frankly I am not sure I quite succeeded. (You have to be a subscriber to read the whole article or buy the hardcove...
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Re-legitimizing capital controls in trade agreements
In a world where economic logic ruled, restrictions on the use of capital controls would not find their way into trade agreements. But they have. More than 250 economists (including yours truly) have now signed a letter that tries to reverse the tide. It concludes thus: “We recommend tha...
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Have an idea that will create jobs but not cost money?
The Hamilton Project at the Brookings Institution wants to hear about it. You may even get a prize: The Hamilton Project at the Brookings Institution has launched a prize competition to generate new thinking about ways to create jobs and enhance productivity. The 2011 Hamilton Project Policy...
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The message from Tunisia and Egypt
If Tunisia’s Zine El Abidine Ben Ali or Egypt's Hosni Mubarak were hoping for political popularity as a reward for economic gains, they must have been sorely disappointed. Their people have just sent a sobering message to China and other authoritarian regimes around the world: don’t count on eco...
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