Why read One Economics, Many Recipes?

Book cover of One Economics, Many Recipes: Globalization, Institutions, and Economic Growth

Book description

In One Economics, Many Recipes, leading economist Dani Rodrik argues that neither globalizers nor antiglobalizers have got it right. While economic globalization can be a boon for countries that are trying to dig out of poverty, success usually requires following policies that are tailored to local economic and political realities…

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Why read it?

1 author picked One Economics, Many Recipes as one of their favorite books. Why do they recommend it?

Ranjit Lall

Author

This book presents one of the most thoughtful and—to me—convincing accounts of the relationship between globalization and economic growth.

The author rejects the simple dichotomies offered up by “pro-globalizers” and “anti-globalizers,” arguing that successful development tends to require experimentation, pragmatism, and the adaptation of policy tools to local contexts.

This empirically grounded perspective not only explains a great deal of variation in the fortunes of developing countries but also complements and extends key principles of economics.

From Ranjit's list on international political economy.