One Economics, Many Recipes

Dani Rodrik is professor of international political economy at the John F. Kennedy School of Government at Harvard University. He was the recipient of the inaugural Albert O. Hirschman Prize from the Social Sciences Research Council, and is the author of "Making Openness Work: The New Global Economy and the Developing Countries" and "Has Globalization Gone Too Far?"

"Rodrik packs a great deal into his 260 lucid, cogent pages. Orthodoxies always need serious criticism. Rodrik has supplied it. He has no simple, single recipe for remedying deficient growth--just the eminently sensible advice that there is none--there are many."--Peter Sinclair, Times Higher Education "Dani Rodrik, a Harvard academic usually associated with the active-government side, has written an intriguing book, One Economics, Many Recipes. He argues that economists who agree who agree in general about where countries should be going can conduct open and honest--and technical rather than ideological--debates about how to get there."--Alan Beattie, Financial Times "This book is certainly among the best of the many works on development economics recently published... One Economics, Many Recipes is also a model of how applied economics should be done."--John Kay, Prospect "The Harvard development economist Rodrik here collects a several of his recent papers into a coherent book... In short, [One Economics, Many Recipes] is a critical response to the international 'consensus' approach to economic policymaking, with its implicit assumption that one set of policies is suitable in all, or at least in most, countries. Rodrik has become known for emphasizing the importance of institutions, but he here makes clear that appropriate policies are also important and that effective institutions can take many forms."--Richard Cooper, Foreign Affairs "Rodrik's book hits many of the right buttons. He has put together a collection of essays of sufficient breadth to engage both the technical observer and the casual reader. His treatment of the subject will come as a bitter pill to both the anti-globalisation movement and the developmentariat, that international coterie of practitioners and commentators working on development issues."--Mario Pisani, New Statesman "Rodrik is known for rigorous analysis that challenges the conventional wisdom, and this book does not disappoint. Economic growth is a very important goal, Rodrik argues, but the evidence indicates that there is no single recipe for growth."--M. Veseth, Choice "Rodrik serves as an important, moderating voice in the globalization debate and this book proves no exception."--Sarah Cleeland Knight, Democracy and Society "In his recent book, One Economics, Many Recipes, Harvard professor of international political economy Dani Rodrik wisely reminds us that there exists no general theory of growth, though he offers pragmatic suggestions in individual cases."--Carl J. Schramm, Claremont Review of Books "[T]he thoughtful and scholarly elaboration of his pro-industrial policy views in this book should be essential reading for all interested in stimulating growth in these countries."--Robert E. Baldwin, World Trade Review "Rodrik wins all hearts and minds by a careful consideration of the facts and sheer breadth of coverage... Thus, market mavens, policy pros, global gurus and institutional irredentists can all savor what he says!"--Alice Amsden, EH.net "Rodrik lays out a broad critique of prevailing approaches to development policy, offers fresh ideas for countries seeking to improve their economic performance, and argues for important reforms in the World Trade Organization (WTO) to make room for those ideas. The book is actually a collection of Rodrik's recent papers on growth, institutions, and globalization, but they constitute a remarkably coherent view of the development problem... The book should have a deep and lasting effect on the way we think about economic development."--Andres Rodriguez-Clare, Journal of International Economics "I would highly recommend One Economics, Many Recipes to anyone interested in understanding how economics can help to improve the lives of the poor. Rodrick is innovative, challenging and extremely bright; and he has thought long and hard about this question. In addition to providing a good introduction to his own ideas, Rodrick has filtered, digested and provided his expert summary of the enormous literature on Globalization, Institutions and Economics Growth."--Emma Aisbett, Economic Record

• Acknowledgments ix Introduction 1 PART A: ECONOMIC GROWTH Chapter 1. Fifty Years of Growth (and Lack Thereof): An Interpretation 13 Chapter 2. Growth Diagnostics 56 Chapter 3. Synthesis: A Practical Approach to Growth Strategies 85 PART B: INSTITUTIONS Chapter 4. Industrial Policy for the Twenty-first Century 99 Chapter 5. Institutions for High-Quality Growth 153 Chapter 6. Getting Institutions Right 184 PART C: GLOBALIZATION Chapter 7. Governance of Economic Globalization 195 Chapter 8. The Global Governance of Trade As If Development Really Mattered 213 Chapter 9. Globalization for Whom? 237 References 243 Index 257