- The Summers/Gordon Question about growth rate
- The Eichengreen/Rodrik Question about global convergence
- The Angell/Gartzke Question about the future of trade in globalization
- The Fukuyama/Kirshner Question about the superiority of economic liberalism
- The Piketty/Freeland question about inequality
The Washington Post
Five known unknowns about the future of the global economy
Daniel W. Drezner | Professor of International Politics, a nonresident senior fellow at the Brookings Institution, and a contributing editor at the Washington Post
Five known unknowns about the future of the global economy
Daniel W. Drezner | Professor of International Politics, a nonresident senior fellow at the Brookings Institution, and a contributing editor at the Washington Post
h/t Brad DeLong
All the questions assume, to some extent, that capitalism, liberalism, common law and productivity are paradigmatic.
ReplyDeleteThe west, and western economists are having a really, really hard time grasping that a multipolar world, of differing economic systems, differing legal systems, and differing political systems can co-exist. The old simple models of European based countries banding together and dominating with their systems hasn't applied in practice since the 80s. Western economists lived in the sheltered world of simple econ-models for the last half century and it's as if they've woke up like Rip Van Winkle to see something completely new and foreign from what they imagined only a couple years ago. There are all these questions that must be answered!