The answer for a global economy still stymied by a slower than historical growth rate is simple: Slash taxes, reduce regulations and expand global trade. Not so fast, says professor Dani Rodrik, who argues that this line of thinking – broadly identified as neoliberalism – does not provide a sound and fundamental underpinning for 21st-century economies grappling with waves of disruption from globalization. getAbstract recommends this erudite but accessible report to economists, students and executives.
In this summary, you will learn
- Why neoliberalism has fallen out of favor,
- How this economic construct creates distortions and
- Why policies that unleash growth in one economy can fail in others.
About the Author
Dani Rodrik is a professor of international political economy at Harvard University.
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1 year agoToo short to be useful