Why Dani Rodrik changed his mind on manufacturing

This episode might sound a little different to normal, as it was recorded live.For decades, the standard prescription for growth in developing countries was clear: industrialise. Dani Rodrik used to argue that manufacturing was the escalator that could lift workers out of low productivity, and economies out of poverty. So what happens when the escalator stops working?Dani Rodrik, Ford Foundation Professor of International Political Economy at Harvard Kennedy School, joins Ideas in Development to explain why he has become a manufacturing skeptic, what the evidence from Ethiopia, India and beyond tells us about where growth is actually coming from, and what an industrial policy fit for a services-led future should look like.Read the full show notes on our Substack: https://ideasindevelopment.substack.com/