Chris Blattman: belief

Transcript context

…In a lot of typical economic development stories, you industrialize, there’s manufacturing, then you export, and there’s some kind of virtuous cycle, maybe with increasing returns. If an Ethiopian takes a factory job — though many of them won’t like it, as you say — do you think the social return to that decision is higher than the private return, or the other way around? At their level of industrialization, I don’t think it matters very much. I would say that . . . It’s because you don’t buy into the virtuous cycle theory? You don’t think there are increasing returns? Something else?…

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