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Commented Nov 15, 2012 on Panama at Kelly Purkey
Panama
If you want to have a good time, all you have to do is go scrapbook with the ladies in Panama City, Panama. Trust me. They know how to have a good time! Thanks so much to my friend Corinne for inviting me to come teach in Panama! I had such a good time and it was fun to meet this great grou...
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Commented Nov 15, 2012 on The Peterson Institute video at Dani Rodrik's weblog
The Peterson Institute video
I was at the Peterson Institute recently, hosted by Fred Bergsten at a book-launching event for The Globalization Paradox. The video of my presentation is here, and here is the Powerpoint that goes with it.
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Commented Nov 15, 2012 on The great divergence, the other way around at Dani Rodrik's weblog
The great divergence, the other way around
As rich economies' prospects dim under their crushing debt burdens and political paralyses, the world's hope for economic dynamism rests with developing nations. These countries had an exceptionally good decade before the global financial crisis struck. And most among them have recovered quickly...
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Commented Nov 15, 2012 on "Beggar-thy-neighbor" versus "beggar-thyself" policies at Dani Rodrik's weblog
"Beggar-thy-neighbor" versus "beggar-thyself" policies
There is an important difference between domestic economic policies that create benefits by imposing costs on other nations ("beggar-thy-neighbor policies") and those whose economic costs are borne primarily at home though they might affect others as well ("beggar-thyself policies"). Beggar-thy-...
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Commented Nov 15, 2012 on Gülenists will get you, one way or another at Dani Rodrik's weblog
Gülenists will get you, one way or another
This time the Gülenists were caught red-handed. In March 2009, a non-commissioned officer (NCO) serving on an air force base in the central Turkish town of Kayseri confessed to planting forged documents on a military computer, on instructions from his Gülenist mentor. His detailed account prov...
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Commented Nov 15, 2012 on The Turkish economy after the global financial crisis at Dani Rodrik's weblog
The Turkish economy after the global financial crisis
This paper of mine on the Turkish economy was completed more than a year ago but has just been published in the new journal of the Turkish Economic Association. Re-reading it, I feel it captures well the missed opportunities of the last few years. Unwillingness to use fiscal policy in a counterc...
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Commented Nov 15, 2012 on Distributive politcs, economic growth, and the Simpsons at Dani Rodrik's weblog
Distributive politcs, economic growth, and the Simpsons
Many moons ago, I wrote a paper (with Alberto Alesina) called “Distributive Politics and Economic Growth,” which remains one of my most heavily cited publications. The paper has a simple idea: in highly unequal societies, the median voter is more likely to demand high taxes on capital, which in...
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Commented Nov 15, 2012 on Apportioning blame between politicians and technocrats at Dani Rodrik's weblog
Apportioning blame between politicians and technocrats
Look at the chart below, and you will go a good way towards understanding why the problem with Greece has been allowed to get worse and worse (the proverbial “kicking the can down the road”) to the point where it may have become too late. The chart shows the IMF’s growth projections for Greece...
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Commented Nov 15, 2012 on More on manufacturing convergence at Dani Rodrik's weblog
More on manufacturing convergence
I have blogged before about a rather surprising result (to me at least) regarding productivity convergence in manufacturing. Despite the lack of convergence among economies as a whole, there is apparently quite strong convergence within manufacturing industries. What this means is that manufac...
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Commented Nov 15, 2012 on Are Americans better off than the Dutch? at Dani Rodrik's weblog
Are Americans better off than the Dutch?
For a lot of questions, comparisons of per-capita GDP yield the correct answer to a first-order of approximation. For example, are Americans richer than the Chinese? A comparison of GDPs per capita, adjusted for PPP differences, yields an unambiguous answer in favor of the U.S. Yes, income may...
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Commented Nov 15, 2012 on Did Microsoft steal its fonts from the Turkish army? at Dani Rodrik's weblog
Did Microsoft steal its fonts from the Turkish army?
The Turkish court that sentenced more than 300 officers on coup plotting charges in September apparently thinks so. The Turkish military has long set the ground rules for Turkish politics, and this was hailed as a landmark trial. Many saw it as the centerpiece of a democratic, mildly Islamist gov...
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