BCG Henderson Institute

Shared Prosperity in a Fractured World with Dani Rodrik

"Manufacturing used to be a shortcut for development. It no longer is. In fact, to succeed in manufacturing today, you have to develop first—because you have to develop the skills, the capital, the infrastructure."

In Shared Prosperity in a Fractured World: A New Economics for the Middle Class, the Global Poor, and Our Climate, Dani Rodrik proposes new modes of cooperation and policy experimentation to address our greatest global challenges.

Rodrik is the Ford Foundation Professor of International Political Economy at Harvard Kennedy School. He codirects both the Reimagining the Economy Program at Harvard and the Economics for Inclusive Prosperity network.

In his conversation with Nikolaus Lang, global leader of the BCG Henderson Institute, he discusses the trilemma between democracy, prosperity, and sustainability, how hyper-globalization contributed to this struggle, and his proposed framework for resolving it.

Key topics discussed: 

[01:06] The trilemma of democracy, prosperity, and sustainability
[03:50] The shortcomings of hyper-globalization
[10:33] Why manufacturing is no longer an escape from poverty
[14:47] Services as drivers of development
[18:33] The new framework of productivism
[23:25] The power of unilateral climate actions
[27:26] Implications for business leaders

Additional inspirations from Dani Rodrik:

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