Tyler Cowen who also writes for Bloomberg View now has a piece there.
He says we are too pessimistic on China. He draws lessons from history:
But Lula’s term was anything but that. Brazil made major inroads in Global Economy Prospects. It is part of BRIC club, hosting both Olympics and World Cup Football etc.
Andrea Boltho, Wendy Carlin and Pasquale Scaramozzino look at this bit of fascinating history.
Jeremiah Dittmar and Ralf Meisenzahl have an interesting research on the topic. They look at role of social institutions in development.
They use the tool made popular by likes of Acemoglu/Robinson. One region gets these social institutions and other does not? What is the overall impact on one vs the other? This time the region is Germany and we have cities instead of countries. There were certain cities where Protestant movement led to development in some cities over others:
One always believes that those born in bigger cities usually have more advantage then those in smaller places. Those in former category get better schools, public services, a wider social network and so on.
So in this article Clément Bosquet and Henry Overman look at this aspect of role of location in human capital:
Chris Benner and Manuel Pastor have been workin on a project looking at local regions in US and what drives growth in them. It is called Just Growth? Social Equity and Metropolitan Economic Performance. Here is an excerpt from the book.
Here is an interview of Chris Benner. He says unlike what most think, more equal the region, higher is its growth:
Daniel Mitchell has a superb picturesque post comparing Europe with US.
It first looks at which US States are richer/poorer than European countries. Does not look good for Europe. Germany the richest pean country is ranked 39th in the ranking.
Then there is a Europe map which colors the countries as purple and yellow. Purple ones are as rich as US states and Yellow ones are poorer than Mexico. Again only a handful are in purple and most are yellow.
The Impact of Globalization on Argentina and Chile is the title of a book which looks at the paths taken by two countries. Argentina which was one of the top economies in the beginning of 20th century is not even a pale shadow of its great past. Chile also after many upheavals has managed to get its act together.
The editor of the book, Prof Geoffrey Jones explains the findings in this interview:
Giovanni Federico and Antonio Tena-Junguito update the historic trade data of more than 2 centuries using a new database:
Eric Beinhocker of the Institute for New Economic Thinking has a piece on American economic dream gone wrong.
He first sums up how America moved from being what you know to who you know economy. Then he says US needs to go back to its core factor – rooting for middle class: The usual cited business of trickle down economics doesn’t work. What matters is middle out economics where middle class rules the roost: