industrial policy

Have technology and globalization kicked away the ladder of ‘easy’ development? Dani Rodrik thinks so

Duncan Green - June 26, 2015

Dani Rodrik was in town his week, and I attended a brilliant presentation at ODI. Very exciting. He’s been one of my heroes ever since I joined the aid and development crowd in the late 90s, when he was one of the few high profile economists to be arguing against the liberalizing market-good/state-bad tide on trade, investment and just about everything else. Dani doggedly and …

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New research: A wage revolution could end extreme poverty in Asia, with massive knock-on effects in Africa

Duncan Green - October 8, 2014

Spoke last week as a ‘discussant’ (my favourite speaking role, no prep required) at the launch of an extraordinary new ODI paper, with the deeply forgettable title ‘rural wages in Asia’ (we’ll come back to the title later). In one of those papers that restores your faith in economists, Steve Wiggins and Sharada Keats crunch the available data on 13 large Asian countries and find …

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Bob Diamond v Dani Rodrik on Africa’s growth prospects

admin - December 18, 2013

Two diametrically opposed views of Africa appeared in my e-intray on the same day this week. The Financial Times reported that Bob Diamond, ex-boss of scandal-plagued Barclays Bank, had secured the preliminary support of several big institutional investors for Atlas Mara, his planned $250m cash shell, targeting the African banking sector. The FT gushed ‘Africa offers growth potential on a vast scale…. if there is …

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What would a global campaign on production and industrial policy look like?

admin - November 8, 2012

Regular readers will know that I am a big fan (as well as friend) of Cambridge economist Ha-Joon Chang (right), whose most recentbook,23 Things They Don’t Tell You About Capitalism should be at the top of any policy wonk’s reading list. Last Saturday, he gave a brilliant keynote at the annual conference of the UK Development Studies Association. Its title, ‘Bringing Production Back into Development’, was …

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OECD versus Ha-Joon Chang on agricultural policy and poverty reduction: I'm with Chang

admin - March 16, 2012

A recent launch discussion at Chatham House (but mercifully on the record) on the new OECD book, Agricultural Policies for Poverty Reduction, (powerpoint presentation by author Jonathan Brooks here – keep clicking til it comes up) provides a nice counterpoint to the FAO study discussed over the last couple of days.  The contrast is pretty striking, especially on the role of the state, where Ha-Joon Chang’s …

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More History, less Maths – FP2P flashback

admin - August 16, 2011

OK, I’m off on holidays this week, so thought I’d retrieve a few posts from the early months of the blog, back in 2008, when hardly anyone read it – recycling is a virtue after all. First up, some thoughts from July 2008 on the use of history – I’m still looking for suggestions on this…. More history, less maths. That’s a phrase that for …

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Guest blog: World Bank chief economist replies on his industrial policy proposals

admin - July 7, 2010

Last week I wrote about Justin Lin’s intriguing suggestions for how developing countries can best pursue a low risk/high return form of industrial upgrading. Here Justin responds to some of the concerns and questions raised in that post: “I am grateful to Duncan Green for his comments on my recent paper “Growth Identification and Facilitation”, which offer me the opportunity to clarify some of the …

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A surprising World Bank recipe for industrial policy: new proposal from Justin Lin

admin - July 2, 2010

Justin Lin, the World Bank’s chief economist, was in London last week and presented his new paper on ‘Growth Identification and Facilitation’. Two years ago he came through just after being appointed, promising to bring a ‘new perspective’ to the Bank (see post here). His new paper certainly does that, as its subtitle ‘the role of the state in the dynamics of structural change’ suggests. In …

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Successful Green Industrial Policy – Brazilian biofuels

admin - May 11, 2010

The highly polarized debate on the role of industrial policy in development is dominated by discussions of the East Asian tigers, so good to see a discussion from another continent on what makes for successful state intervention – Brazil and biofuels. Here’s the highlights from a recent article by Tarun Khanna of the Harvard Business School and Santiago Mingo of the University of Miami School …

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Development v Climate Change: a new UN report tries to square the circle

admin - September 11, 2009

September is the start of report season, an avalanche of global roundups from UN agencies, thinktanks etc that seems to grow in number every year. As it coincides with the party conference season, start of the college year in the Northern hemisphere etc etc, it all makes for a horrific backlog. So to ease the collective bottleneck, here’s some highlights of one that may have …

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