He predicted globalization’s failure, now he’s planning what’s next

Summary: For more than a quarter century, economist and Harvard Kennedy School professor Dani Rodrik has been ringing alarm bells about the dangers of globalization. And for a long time, it didn’t seem like a whole lot of people were listening. Now as record economic inequality, a climate in crisis, and global financial shocks from to the COVID pandemic and Russia’s invasion of Ukraine have exposed the vulnerabilities and shortcomings of unchecked globalization and neoliberal orthodoxy about the primacy of markets, Rodrik may be having the world’s least-satisfying “I told you so” moment. But while the temptation might be to look backward for vindication, Rodrik is choosing to look toward solutions instead. He says that finding a way forward for the world economy will require two kinds of thinking: small picture—about how to create good jobs in an equitable way in specific settings—and big picture: imaging possible futures and what a more inclusive, post-globalization economy might look like. And he says it will also mean freeing political and economic discourse from what he calls a “prison of ideology” that rigidly limits policymakers’ ability to consider solutions outside of market-centric approaches. Rodrik recently launched a new project called Reimagining the Economy with fellow professor Gordon Hansen, supported by a $7.5 million grant from the William and Flora Hewlett Foundation. The initiative will be based at the Kennedy School's Malcolm Wiener Center for Social Policy. Dani Rodrik is the Ford Foundation Professor of International Political Economy at the Harvard Kennedy School. He has published widely in the areas of economic development, international economics, and political economy. His current research focuses on employment and economic growth, in both developing and advanced economies. He is the recipient of numerous awards, including the inaugural Albert O. Hirschman Prize of the Social Science Research Council and the Princess of Asturias Award for Social Sciences. Professor Rodrik is currently president of the International Economic Association and co-director of the Economics for Inclusive Prosperity network. His newest books are “Combating Inequality: Rethinking Government's Role” (2021, edited with Olivier Blanchard) and “Straight Talk on Trade: Ideas for a Sane World Economy (2017).” He is also the author of “Economics Rules: The Rights and Wrongs of the Dismal Science” (2015), “The Globalization Paradox: Democracy and the Future of the World Economy” (2011) and “One Economics, Many Recipes: Globalization, Institutions, and Economic Growth” (2007). Ralph Ranalli of the HKS Office of Public Affairs and Communications is the host, producer, and editor of HKS PolicyCast. A former journalist, public television producer, and entrepreneur, he holds an A.B. in Political Science from UCLA and an M.S. in Journalism from Columbia University. The co-producer of PolicyCast is Susan Hughes. Design and graphics support is provided by Lydia Rosenberg, Delane Meadows and the OCPA Design Team. Social media promotion and support is provided by Natalie Montaner and the OCPA Digital Team.