Dani Rodrik: prediction

Transcript context

…Overrated. I think India, because I think the kind of growth that India has had, I don’t think it’s sustainable. Partly going back to our earlier discussion about premature deindustrialization. I think they have these plans to significantly strengthen their manufacturing base. I just don’t see it happening. I think India can grow at 4, 5 percent per year on a sustainable basis. I don’t think it’s going to be 8 or 9 percent. When this sinks in, I think there’s going to be a negative overreaction, would be my fear. Last question before we turn to the audience. This, again, is getting back to your book. A reader wrote to me, “Rodrik was the Albert Hirschman professor at Princeton. Before that he received an Albert Hirschman Prize. Both Hirschman and Rodrik are economists who look at the same facts as everyone else but they see what nobody else has seen. If you were allowed to make one change in the economics profession or academia — ” this is an institutional change or rules change, not an attitudinal change, but an actual change in how things are done, a change in a graduate program. “If you could make one change to help produce more Dani Rodriks for all the rest of us, what would that be?”…

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