Word: rodrik
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...fact, in this era of globalization, extreme fiscal austerity is particularly harmful. Harvard economist Dani Rodrik has shown that the most open economies tend to have sizable public sectors, because government consumption can be used to offset the income volatility that free trade typically generates. The Big Government Bogie, in other words, may actually make free trade politically and economically sustainable. “Scaling governments down without paying attention to the economic insecurities generated by globalization,” Rodrik cautions, “may actually harm the prospects of maintaining global free trade...
Neither Rogoff, a professor of economics, nor Hariri Professor of International Political Economy Dani Rodrik, the chair of the steering committee, could be reached for comment this week. Central administration officials were unavailable as well...
...focus and funding of the Kennedy School of Government-affiliated center has been in limbo for the past year as Rodrik and the steering committee awaited the appointment of a new director. When Sachs departed, with him went millions of dollars in grants as well as his commitment to a CID that provided consulting and outreach in addition to research...
...Rodrik said last year that under Sachs—whose public advocacy activities included appearing with rock singer Bono and advising the U.N. on poverty reduction—CID had become involved in influencing policy at the expense of academic research...
...Rodrik said then that he and the committee felt CID “should not be in the business of providing technical assistance or policy advice and consulting...