Dani Rodrik is one of the most important political economists of our time. His unconventional approach to globalization and economic development favors policies that are tailored to local conditions rather than to the dictates of the international globalization establishment.
Dani’s current book is The Globalization Paradox: Democracy and the Future of the World Economy. In this eloquent challenge to the reigning wisdom on globalization, Dani offers a new narrative, one that embraces an ineluctable tension: we cannot simultaneously pursue democracy, national self-determination, and economic globalization. His forthcoming book is titled Economics Rules: The Rights and Wrongs of the Dismal Science (Oct 2015).
His previous book, One Economics, Many Recipes: Globalization, Institutions, and Economic Growth, is the definitive statement of his original and influential perspective and shows how successful countries craft their own unique growth strategies designed to overcome their own highly specific constraints.
Rodrik's alternative approach focuses on enhancing policy space rather than market space — devising the rules of the game to better manage the interaction between national regulation of the economy and the realities of a country's social and political cultures.
An award-winning economist, Professor Rodrik has published widely in the areas of economic development, international economics, and political economy. His 1997 book Has Globalization Gone Too Far? was hailed as "one of the most important economics books of the decade" by BusinessWeek.
He is widely sought after as a consultant to national governments and international organizations.
One Economics, Many Recipes
Appropriate growth policies are almost always context-specific. This is not because economics works differently in different settings, but because its principles come institution-free and filling them out requires local knowledge. Rule-of-thumb economics, which has long dominated thinking on growth policies, can be safely discarded.
The key is to growing developing economies is to first identify the most binding constraints on growth and then go for the reforms that alleviate them. This diagnostic approach has the advantage of providing country-specific solutions. It is inherently bottom-up: it empowers countries to do their own diagnostic analyses and it warns multilateral organizations against uniformity and excessive restrictions on "policy space."
"Policy space" means room for national deliberations and action on policies that meet the local needs, even if they do not accord with orthodox, open-market assumptions about globalization. Countries like China that have scored the most impressive gains are those that have developed their own version of the rulebook while taking advantage of world markets. Countries that have failed to locally adapt in this way, in slavish acceptance of the globalization establishment's terms, have experienced mixed to miserable results.
Robert Shiller has called One Economics, Many Recipes "a deep and important book about the relative success of nations." Nobel laureate George Akerlof wrote this about the book: "One Economics, Many Recipes does for economic development what Julia Child did for French cooking. Child taught would-be cooks how to be excellent chefs. Dani Rodrik teaches economists and policy planners how to construct successful, sustainable development programs."
- Ford Foundation Professor of International Political Economy, John F. Kennedy School of Government at Harvard University
- Albert O. Hirschman Professor, Institute for Advanced Study
- Formerly, Rafiq Hariri Professor of International Political Economy, John F. Kennedy School of Government at Harvard University
- Author, Economics Rules,The Globalization Paradox, One Economics, Many Recipes, and Has Globalization Gone Too Far?
- Author, Dani Rodrik's weblog
- Monthly contributor to Project Syndicate
- Winner, inaugural Albert O. Hirschman Prize, Social Science Research Council
- Winner, Leontief Prize for Advancing the Frontiers of Economic Thought
- Recipient, honorary doctorate, University of Antwerp
- Profiled in The New York Times
- Frequently cited in leading newspapers and periodicals