The widget illusion

The Economist runs a discussion forum titled The Economist By Invitation. In this, they recently setup a discussion about an opinion piece by Dani Rodrik about the future of manufacturing-led growth in emerging markets. I wrote a response there which is reproduced here.

The role of manufactures

I agree with a small element of . . . → Read More: The widget illusion

China’s Growth Model

According to some preliminary estimates (link), China’s trade balance is on the course for a significant surplus this year. IMF’s annual forecast of current account balance predicted China’s trade surplus at $334 billion in 2010 or roughly 6.2 percent of China’s GDP. The IMF’s medium-term forecast suggests a growing trade surplus by 2015 when . . . → Read More: China’s Growth Model

Are J. S. Mill’s Views About Progress Still Relevant Today?

John Stuart Mill assisted in the triumph of the idea of progress in the 19th Century but he also had concerns about the future that still seem relevant today. Richard Reeves comments: ‘Mill was not a knee-jerk critic of what Ruskin dismissed as the “steam whistle society”, but nor was he a blind advocate . . . → Read More: Are J. S. Mill’s Views About Progress Still Relevant Today?