Sunday, November 18, 2007

One Economics, Many Recipes- IMF Bookforum

One Economics, Many Recipes: Globalization, Institutions, and Economic Growth
Thursday, November 29, 2007

In an important new book, Dani Rodrik shows that countries that grow and reduce poverty do so by following eclectic policies tailored to their own realities rather than by following a recipe of best practices cooked up by the international globalization establishment.

Nobel laureate George Akerlof says that Rodrik’s new book "does for economic development what Julia Child does for French cooking.... Rodrik teaches economists and policy planners how to construct successful, sustainable development programs."

The book describes the varying recipes that successful countries such as China, India, Korea, Chile, Mauritius, and Botswana have crafted to attain economic growth—and what other countries can learn from their experiences.

Rodrik says further globalization should be combined with the provision of social insurance to help those who lose out: "it will take a lot of work to make globalization’s rules friendlier to poor nations" and to those displaced by globalization within nations.

Register now and be there.

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