Top 2 Quotes & Sayings by Dani Rodrik

Explore popular quotes and sayings by a Turkish economist Dani Rodrik.
Last updated on December 24, 2024.
Dani Rodrik

Dani Rodrik 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.

What determines success in industrial policy is not the ability to pick winners but the capacity to let the losers go. — © Dani Rodrik
What determines success in industrial policy is not the ability to pick winners but the capacity to let the losers go.
Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only 'weakly embedded'. There is no global lender of last resort, no global safety net, and of course, no global democracy. In other words, global markets suffer from weak governance, and are therefore prone to instability, inefficiency, and weak popular legitimacy.
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