Jostein Hauge @haugejostein Twitter profile

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Jostein Hauge

@haugejostein

1 month

I just finished reading "The Road to Freedom" by Joseph Stiglitz. It's fantastic. It's a detailed critique of neoliberalism and the concept of freedom as formulated by the likes of Hayek and Friedman. If you read only one piece of work by Stiglitz, make it this book.

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Jostein Hauge

@haugejostein

2 months

According to Stiglitz, neoliberal capitalism has made it possible for the wealthy to buy political power. In turn, this has undermined democratic institutions, contributing to new types of fascism. "The challenges to democracy have never been greater in my lifetime."

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Jostein Hauge

@haugejostein

2 months

Elon Musk says he embraces free-market capitalism. I can't think of many people more dependent on state support than him. He's built his companies on the backs of government subsidies, public technology, tax breaks, government loans, and exclusive government contracts.

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Jostein Hauge

@haugejostein

2 months

I'd like to remind people of this incredibly important paper debunking negative stereotypes about China's rise in Africa. It finds that Chinese firms in Africa have a positive impact on economic development, capacity building, and innovation.

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Jostein Hauge

@haugejostein

4 months

I've finalised next year's outline for my course, "Development Economics", which I teach at Cambridge. Here are the 10 key books on the reading list.

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Jostein Hauge

@haugejostein

8 months

What does industrial policy look like in practice? I've put together this taxonomy, aiming to cover the most commonly used industrial policies. It consists of 5 policy areas and 25 policy instruments.

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Jostein Hauge

@haugejostein

2 months

Back in 2010 when I was doing my master's at SOAS, this paper by Robert Wade was the paper that made me really passionate about development economics. I remember underlining almost every sentence.

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Jostein Hauge

@haugejostein

2 months

This is wild. China is a global leader in the entire range of renewable energy manufacturing.

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Jostein Hauge

@haugejostein

1 month

Dani Rodrik has a new 'trilemma' for the world economy. According to him, we can only achieve two of the following three at the same time: 1) combat climate change 2) boost the middle class in advanced economies 3) reduce global poverty

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Jostein Hauge

@haugejostein

2 years

It's been an absolute joy reading this book by Eric Helleiner. It provides an impressively rich and diverse intellectual history of neomercantilism, industrial policy, and trade policy. And it's super timely now that trade wars are reemerging. There's no other book like it.

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Jostein Hauge

@haugejostein

23 days

This book completely changed my life. It was the first book I read during my BA in economics that wasn't a textbook. Not only did it expose me more to development economics but also to 'real-world' economics, debunking the neoclassical models of trade I'd been taught. The book

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Jostein Hauge

@haugejostein

1 month

People seemed to appreciate this reading list, so I'm posting it again (with a small update). It's the 10 key books in the reading list for my course, "Development Economics", which I teach at Cambridge.

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Jostein Hauge

@haugejostein

1 month

I've now made this figure more accurate. China dominates the entire range of renewable energy manufacturing even more than I initially suggested. These numbers are astonishing.

Jostein Hauge

@haugejostein

2 months

This is wild. China is a global leader in the entire range of renewable energy manufacturing.

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Jostein Hauge

@haugejostein

2 months

I honestly mean no disrespect to my friends in the US when I say this: the US is the prime example of how high GDP does not translate into high living standards. There are about 50 countries in the world with higher life expectancy than the US, despite the insane amount of money

Kyle Chan

@kyleichan

2 months

Controversial question: The US has very high GDP per capita, even among G7 countries. Some of this is higher productivity. But how much is due to inefficiencies, transaction costs, and socially wasteful activity? US spending on healthcare, finance, higher education, legal

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Jostein Hauge

@haugejostein

1 month

I just finished reading this degrowth hit piece everyone's tweeting about. It's a hugely problematic paper. Degrowth is not without flaws. But the problem with this hit piece is that it essentially labels the entire degrowth paradigm as 'unscientific' without much evidence.

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Jostein Hauge

@haugejostein

13 days

If I had to choose only one paper to explain the rise of the Asian 'tigers', this would be it. For some reason it's gone under the radar. It summarises economic development in the East Asian developmental states really well, with respect to both internal and external factors.

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Jostein Hauge

@haugejostein

2 months

If you don't have a background in economics and would like to learn more about it, Ha-Joon Chang's "Economics: The User's Guide" would be my number 1 recommendation. It's not only an educational book, it's also accessible and fun.

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Jostein Hauge

@haugejostein

2 months

Karl Marx and Adam Smith, despite their differences, approached economics in a similar way. They both understood that economics is not a value neutral science. According to Marx and Smith, to be an economist is also to be a philosopher.

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Jostein Hauge

@haugejostein

11 months

Development economics has gradually become dominated by the idea that 'microinterventions' will solve global poverty. It's a dangerous idea because, well, it doesn't solve global poverty. In this article in the FT, David Pilling ( @davidpilling ) criticises this idea really well.

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Jostein Hauge

@haugejostein

3 months

Just your regular reminder that the Global South is NOT catching up with the Global North in terms of GDP/income. In fact, with the exception of China, we are witnessing divergence between the South and North rather than convergence.

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Jostein Hauge

@haugejostein

1 month

I agree with Milanovic: It's become clear that the West actually wants global inequality, simply because it doesn't want to lose its dominant position in the world economy.

Branko Milanovic

@BrankoMilan

1 month

What industrial policy, tariff wars, economic coercion and trade blocs mean is not only a reversal of globalization but recognition that the West is not willing to accept convergence of incomes & lessening of global inequality b/c it sees it as a threat to its dominant role.

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Jostein Hauge

@haugejostein

3 months

The state intervenes in a variety of ways to drive economic development, innovation, and technological progress. I've put together this table, aiming to cover all such examples of state intervention.

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Jostein Hauge

@haugejostein

2 years

I'm excited to announce that my book, "The Future of the Factory: How Megatrends are Changing Industrialization", will hit the shelves later this year with Oxford University Press.

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Jostein Hauge

@haugejostein

7 months

This is a must-read. A powerful critique of mainstream economics coming from Angus Deaton, a recent Nobel Prize winner in economics who has spent most of his career within the mainstream. He highlights five major deficiencies of mainstream economics, and they are spot on: the

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Jostein Hauge

@haugejostein

2 years

What does industrial policy look like in practice? Here's a comprehensive taxonomy covering seven domains and 45 policy instruments.

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Jostein Hauge

@haugejostein

1 year

This is misleading. Setting the poverty line at $2.15/day (adjusted for purchasing power) is appallingly low. It should be set at around $10/day, maybe even higher. Even a poverty line as low as $6.85/day reveals almost no reduction in global poverty since 1990.

Dina D. Pomeranz 🟣

@DinaPomeranz

1 year

What many people don't know: recent decades have seen incredible reductions in poverty. The poverty rate has *never before* been this low in human history. What new data is now revealing: after the setback from Covid, poverty reduction now continues!

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Jostein Hauge

@haugejostein

2 months

The combined revenue of the world's five largest academic publishing houses in 2023: $8.8 billion The total amount these publishing houses paid their authors and reviewers that year: $0

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Jostein Hauge

@haugejostein

3 years

What's the greatest obstacle to manufacturing-led development in the Global South? In my paper just published, I argue that it's power asymmetries in the world economy, not automation or the rise of services. Read and download the paper for free:

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Jostein Hauge

@haugejostein

2 months

One of my favourite lectures to deliver is the very first lecture I give at the start of the academic year at Cambridge. It's titled, "Neoliberalism and Its Global Deployment", and here is the reading list for my upcoming version of that lecture.

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Jostein Hauge

@haugejostein

1 year

This is a groundbreaking article by @jmahumadaf . For too long, neoliberals have hijacked "freedom". This article introduces freedom as national independence, achieved through state intervention, industrialisation, and breaking free from the periphery.

Bringing freedom back to developmentalism: industrialisation as national independence

Abstract. Why is developmentalism as an economic school aimed at the industrialisation of peripheral nations? Based on a reading of key authors from both t

academic.oup.com

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Jostein Hauge

@haugejostein

1 month

The Economist is missing the point here. Economic and productivity growth should be seen as means to improve well-being. On this front, Europe is doing much better than the US. In the Human Development Index, the top 10 are almost all European countries. The US is number 20.

The Economist

@TheEconomist

1 month

Europe’s economic decline is becoming more painful. In 1995 European productivity was 95% of America’s; today it is less than 80%, which is a big enough gap for holidaymakers to notice. The continent’s failure to exploit its scale is a problem 👇

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Jostein Hauge

@haugejostein

19 days

Max Roser just published a great article in the New York Times, calling for a new international poverty line. He suggests a poverty line of $30 per day. Using this line, 83% of the world still lives in poverty. This is shocking. We are miles away from eliminating poverty.

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Jostein Hauge

@haugejostein

2 months

Protectionism has been essential in almost all cases of successful economic development. I've written an article in defence of protectionism as a tool for development, especially for lower-income countries.

How protectionism can help developing countries unlock their economic potential

If we are to learn one thing from economic history, it’s that protectionism is key to helping poor nations prosper.

theconversation.com

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Jostein Hauge

@haugejostein

3 months

Dani Rodrik compares the practice of industrial policy to that of venture capital. It's a brilliant comparison, one that I'm definitely going to incorporate into my teaching on industrial policy.

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Jostein Hauge

@haugejostein

3 months

In case you forgot how the IMF distributed its historic $650bn pandemic support package among its member states, I'm happy to remind you: Low-income countries: $21bn Middle-income countries: $254bn High-income countries: $375bn You can't make this stuff up.

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Jostein Hauge

@haugejostein

2 months

Industrialization remains the key development challenge in Africa.

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Jostein Hauge

@haugejostein

2 months

I should also mention Ha-Joon Chang's 12-part online lecture series, "Economics for People", as a great resource for learning more about economics. Really well-produced, informative, and accessible.

Jostein Hauge

@haugejostein

2 months

If you don't have a background in economics and would like to learn more about it, Ha-Joon Chang's "Economics: The User's Guide" would be my number 1 recommendation. It's not only an educational book, it's also accessible and fun.

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Jostein Hauge

@haugejostein

1 year

This article on the "manufacturing delusion" in The Economist gets some things right but many things wrong. Here's a thread on what I see as the shortcomings of the article. I'm using a lot of evidence from my book, The Future of the Factory, which I'll link in at the end. /1

Christian Odendahl

@COdendahl

1 year

Right, thread time. My latest for @TheEconomist looks at the global #manufacturing delusion. As a German, I have some experience dealing with people who fall for it. Don't be those people. /1

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Jostein Hauge

@haugejostein

1 month

I remember thinking how Graeber's concept of 'bullshit jobs' played out perfectly during the pandemic. Who were the essential workers? They were definitely not bankers, management consultants, or corporate lawyers. RIP David Graeber, we miss your insights.

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Jostein Hauge

@haugejostein

30 days

You want to bookmark this: “The rich world does not truly want incomes to converge between rich and poor, and as such, there is no choice other than total reconstruction of our global economic architecture.” - Branko Milanovic at NYC Progressive International event

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Jostein Hauge

@haugejostein

1 month

I'm sorry but Norway is not killing it, we're one of the world's largest oil exporters. We love to portray ourselves as sustainable but our economy is completely dependent on oil. We're the definition of green hypocrisy.

Nic Cruz Patane

@niccruzpatane

1 month

Norway is killing it. 94% of new car sales were EV in the month of August. The Tesla Model Y was the leader as the best selling car in the country.

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Jostein Hauge

@haugejostein

2 months

This chart is worrying: Africa's manufacturing base has been eroding. We need to care about this because industrialisation translates into both economic sovereignty and economic development. We need to prioritise and support industrialisation in Africa.

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Jostein Hauge

@haugejostein

19 days

I'm very pleased to share that you now have online access to all individual chapters of my book, The Future of the Factory. Access here:

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Jostein Hauge

@haugejostein

3 years

Here's how the IMF is distributing its historic $650bn pandemic support package among its member states: Low-income countries: $21bn Middle-income countries: $254bn High-income countries: $375bn You can't make this stuff up.

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Jostein Hauge

@haugejostein

2 months

Africa and the Middle East combined make up only 3% of global manufacturing output. If we are serious about global development, we need to prioritise the industrialisation of these two regions.

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Jostein Hauge

@haugejostein

21 days

The Economist suggests that poor countries should liberalise. I'm not surprised. But I am surprised by the article's weak defence of liberalisation. I would actually draw on the same examples that this article draws on to make a case against liberalisation: (1) The return of

The Economist

@TheEconomist

25 days

Development in the world’s poorest countries stalled around 2015. To restart it, learn from history—and liberalise

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Jostein Hauge

@haugejostein

2 months

What is "freedom" really? In this excellent paper, @jmahumadaf shows how freedom can be understood as national independence, achieved through state intervention, industrialisation, and breaking free from the periphery.

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Jostein Hauge

@haugejostein

8 days

This is a momentous report. Progressive International has published a program of action for a New International Economic Order. It's a handbook that sets out how to transform our global economic architecture in the service of peace, justice, and shared prosperity.

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Jostein Hauge

@haugejostein

5 days

Industrial policy is increasingly about national security. Terms like 'de-risking' and 'supply chain resilience' have become commonplace. This has global economic ramifications: we are now firmly in an era of trade wars and zero-sum games.

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Jostein Hauge

@haugejostein

5 years

1) My article on industrial policy in Ethiopia, South Korea and Taiwan has just been published in Third World Quarterly! Time for a 🍺. I believe that the first 50 downloads are free through this link: . Summary 👇

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Jostein Hauge

@haugejostein

3 years

Some personal news: I am delighted to be joining the University of Cambridge as a Lecturer, based at the Centre of Development Studies ( @CdsCambridge ) and the Department of Politics and International Studies ( @Dept_of_POLIS ).

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Jostein Hauge

@haugejostein

2 months

This table sums up the problem with green growth. We need some green growth, but current demand patterns for metals and minerals to feed the so-called green transition is unsustainable. The solution is more public transport, not more electric vehicles.

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Jostein Hauge

@haugejostein

1 year

This book is the strongest and most damning criticism of IMF-mandated austerity policies that I've come across. It shows how IMF interventions in the global South between 1980 and 2019 have decreased the availability of social services, contributed to increasing income

Alexandros Kentikelenis

@Kentikelenis

1 year

📢 Finally available world-wide: 𝐀 𝐓𝐡𝐨𝐮𝐬𝐚𝐧𝐝 𝐂𝐮𝐭𝐬: 𝐒𝐨𝐜𝐢𝐚𝐥 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐠𝐞 𝐨𝐟 𝐀𝐮𝐬𝐭𝐞𝐫𝐢𝐭𝐲 @ThomStubbs and I document the impact of 40 years of IMF-mandated austerity policies on the Global South. What do we find?🧵

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Jostein Hauge

@haugejostein

1 year

Today is the publication day of my book, "The Future of the Factory: How Megatrends are Changing Industrialization". Order it via the publisher's website (OUP): Order it via Amazon:

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Jostein Hauge

@haugejostein

3 years

Huge congrats to @nico_grau for being appointed as Chile's Minister of the Economy in Boric's new cabinet. Nicolas is also part of Ha-Joon Chang's reading group in Cambridge, and we of course expect him to carve out time for our future meetings! 😉

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Jostein Hauge

@haugejostein

2 years

A new paper in Development Policy Review finds that economic growth reduces poverty only when the growth is accompanied by industrialization.

To make growth reduce poverty, industrialize: Using manufacturing to mediate the effect of growth...

Motivation While economic growth is usually necessary to reduce poverty, it is often not sufficient. Industrialization, especially manufacturing, tends to create jobs that are more productive than...

onlinelibrary.wiley.com

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Jostein Hauge

@haugejostein

21 days

This is a shocking chart. The US spends more on health care as % of GDP than other high-income countries but scores far worse on health system performance. This is a prime example of when more spending (i.e., GDP growth) does not translate into higher living standards.

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Jostein Hauge

@haugejostein

2 months

In case you missed Angus Deaton's powerful critique of mainstream economics earlier this year, here it is. He highlights five major deficiencies of mainstream economics, and they are spot on. 1⃣The neglect of power structures in economic analyses 2⃣The marginalisation of

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Jostein Hauge

@haugejostein

27 days

Industrial policy can be done in so many ways. Here are 5 of the most commonly used instruments I've observed: - State-owned enterprises - Trade policy - Public R&D - Long-term financing/lending - Targeted business support

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Jostein Hauge

@haugejostein

8 months

You may like or dislike it: industrial policy is receiving more attention than ever. The 07/08 financial crisis, intensifying geopolitical tensions, and supply chain disruptions have all motivated governments to more actively pursue industrial policy.

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Jostein Hauge

@haugejostein

6 months

The IMF is missing the point here. Industrial policy has never been a magic bullet for economic growth. But without industrial policy, the prospect for economic growth and development is eliminated.

IMF

@IMFNews

6 months

Industrial policy is on the rise, but new research shows that it is not a magic bullet for economic growth. Instead, fiscal policies that support innovation and technology diffusion more broadly—plus basic research—are the answer. Read our blog:

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Jostein Hauge

@haugejostein

6 months

How important is industrial policy? Well, even governments that were ideologically opposed to state intervention used it. In the 1980s, Reagan protected the US steel industry and Thatcher designed incentives to boost investment in the UK auto industry.

The New Economics of Industrial Policy

www.nber.org

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Jostein Hauge

@haugejostein

2 months

Which sectors of the economy should industrial policy target? You'll find potential for value added within all sectors. But again and again, research shows that the manufacturing sector has the highest potential for innovation and trade.

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Jostein Hauge

@haugejostein

5 months

NEW 🧵: Should industrial policy target manufacturing or services? It should target both, but focus more on manufacturing as it remains the backbone of productivity growth and innovation.

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Jostein Hauge

@haugejostein

5 months

Great piece by @gilliantett on the return of industrial policy. But good industrial policy does not shy away from protectionism. The most successful models of industrial policy combine elements of both export orientation and import substitution.

How to tell good industrial policy from bad

Experience shows that encouraging exports rather than slapping tariffs on imports works best

www.ft.com

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Jostein Hauge

@haugejostein

2 years

Historically, inflation has been driven by rising wages, government spending and/or more expensive inputs. We are being told that this is the case now, too. This is simply not true. This time around, inflation is being driven by rising corporate profits.

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Jostein Hauge

@haugejostein

11 months

I am so excited to be talking about my new book, The Future of the Factory, in London on 5 December. The event is extra special as it will be hosted at SOAS, my alma mater, by the exciting and recently established Development Leadership Dialogue Institute. I will be joined in

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Jostein Hauge

@haugejostein

1 month

The rise of China holds an incredibly important lesson for economic development: it's not enough to produce for multinational corporations based in wealthy countries. Ultimately, you have to challenge these corporations.

Kyle Chan

@kyleichan

1 month

What a story. Ford CEO Jim Farley travels to China with his CFO in 2023 for the first time since the pandemic. They test drive an electric SUV from their Chinese joint venture partner Changan and suddenly realize Chinese automakers are now ahead of them.

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Jostein Hauge

@haugejostein

2 years

Talk of deglobalization and reshoring of supply chains has hit a high. But is reshoring actually accelerating? A thread 🧵. 1/6

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Jostein Hauge

@haugejostein

4 years

Is automation stealing manufacturing jobs? My paper, together with Christian Parschau, on the impact of automation on employment / job displacement has just been published in Geoforum. You can read and download it for free: Summary thread👇. 1/17

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Jostein Hauge

@haugejostein

4 years

Don't assume that everyone knows what Political Economy is. I once introduced myself as a political economist at a workshop, and the person to my right laughed hysterically, thinking that I was making a joke about being an economist with political opinions.

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Jostein Hauge

@haugejostein

2 months

There is a lot to learn from degrowth, we'd be stupid to dismiss it. Coming from a 'pro-growth' camp, I meet resistance when I say this. What surprises me about this resistance is that many anti-degrowthers haven't engaged with degrowth literature — they just assume things.

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Jostein Hauge

@haugejostein

4 years

Today's my first day in a new job at @LSEIRDept ! I've already received so many warm and welcoming messages from new colleagues, and I'm excited to take on new teaching responsibilities and research projects in the field of international political economy.

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Jostein Hauge

@haugejostein

2 months

“Markets are in the end political constructs in the sense that they are defined by a range of formal and informal institutions that embody certain rights and obligations” - Ha-Joon Chang

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Jostein Hauge

@haugejostein

15 days

Experts are calling for a new international poverty line of $30 per day. Using this measure, 83% of the world's population currently live in poverty.

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Jostein Hauge

@haugejostein

10 months

Want to join my amazing department at the University of Cambridge? We are hiring for an Assistant Professor in Development Studies (permanent role). We are looking for someone working on Asia, Latin America, or the Middle East in the field of Development Studies, broadly defined.

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Jostein Hauge

@haugejostein

5 years

1) My paper on industrial policy in the era of global value chains (GVCs) has just been published in World Economy. It’s completely free to read and download (open access): See below thread for a summary of the paper 👇

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Jostein Hauge

@haugejostein

2 months

Stiglitz makes another important point: economic and political rights are, ultimately, inseparable. Neoliberalism has led to a downward spiral of declining economic and political freedom for everyone except the rich. In this sense, neoliberalism is antithetical to democracy.

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Jostein Hauge

@haugejostein

27 days

I am increasingly experiencing the same thing. Mercantilism is becoming a popular stance within mainstream economics, especially if it's anti-China.

Branko Milanovic

@BrankoMilan

27 days

I was once at a panel w/ a well-known trade economist. He/she spoke in very general econ terms about tariffs, protection, industrial policy etc. but when the topic turned to China, he/she transformed from pure neoclassical to pure mercantilist in about 30 seconds.

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Jostein Hauge

@haugejostein

1 month

This criticism of degrowth is problematic. Degrowth calls for a reduction in energy and resource use in global North, not in the global South. In that sense, you'd expect more scholars in the global North to write about degrowth.

Alice Evans

@_alice_evans

1 month

A map of academics who write about 'degrowth'. (Further commentary seems unnecessary..)

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Jostein Hauge

@haugejostein

2 months

The US is known to preach the virtues of free trade to the rest of the world. But does the country practice what it preaches? Absolutely not. In my article, "The free trade myth", I show how the US manipulates global markets for economic supremacy.

The free trade myth: how the US manipulates global markets for economic supremacy

For the past half century, successive US governments have championed free trade. But do they practice what they preach?

theconversation.com

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Jostein Hauge

@haugejostein

3 months

This IMF blog is missing the point. It implicitly suggests that countries that can't get industrial policy 'right' should be careful about using it. I'd say that industrial policy is most important in those countries that are struggling to get it right! The bar to get

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Jostein Hauge

@haugejostein

2 years

I'm happy to share that you can now pre-order my book, "The Future of the Factory: How Megatrends are Changing Industrialization". Follow this link to pre-order and to learn more about the book:

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Jostein Hauge

@haugejostein

3 months

Industrial policy is receiving more attention than ever. There are three major reasons for this: (1) more state intervention after the 07/08 crisis, (2) growing geopolitical tensions, and (3) efforts to strengthen domestic manufacturing in the wake of supply chain disruptions.

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Jostein Hauge

@haugejostein

6 months

It remains a mystery to me how so many economists can only think of state intervention in the context of market failures (see excerpt from recent IMF speech below). Do they not know that the creation, functioning and boundaries of markets are set by states?

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Jostein Hauge

@haugejostein

2 years

Ha-Joon Chang's "Edible Economics" is BBCs book of the week, and they've released these great audio recordings of different chapters. Check it out!

BBC Sounds - Edible Economics by Ha-Joon Chang - Available Episodes

Listen to the latest episodes of Edible Economics by Ha-Joon Chang on BBC Sounds.

www.bbc.co.uk

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Jostein Hauge

@haugejostein

3 months

For decades, the US has promoted free trade, but do they really practice it? Spoiler: They don’t. Find out the truth in my latest article, "The Free Trade Myth," and learn how the US manipulates global markets for economic supremacy. Read it now:

The free trade myth: how the US manipulates global markets for economic supremacy

For the past half century, successive US governments have championed free trade. But do they practice what they preach?

theconversation.com

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Jostein Hauge

@haugejostein

3 months

BYD's manufacturing operations are highly automated, yet they create thousands of jobs. This is in line with evidence elsewhere too. I know it sounds paradoxical, but automation tends to have a net positive effect on job creation.

Kyle Chan

@kyleichan

3 months

BYD Thailand plant: 10,000 jobs BYD Mexico plant: expected 10,000 jobs BYD Turkey plant: expected 5,000 direct jobs BYD Hungary plant: thousands of workers BYD Brazil plants: expected 5,000 jobs BYD’s EV factories are highly automated. Yet they seem to create thousands of jobs.

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Jostein Hauge

@haugejostein

7 months

Industrialisation is still vital to economic development but some countries are struggling to reap its benefits. In this piece for @ConversationUK , I look at shifts in the global economy and what they mean for industrialisation and industrial policy.

Industrialisation is still vital to economic development but some countries are struggling to reap...

In an era of transformation, manufacturing still matters.

theconversation.com

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Jostein Hauge

@haugejostein

3 years

Africa 'rising' narratives cannot be taken seriously when the 'rise' is based on an intensification of resource extraction, deepening dependency, increasing inequality and premature de-industrialisation. Ian Taylor's work still reverberates:

Dependency redux: why Africa is not rising

Whilst numerous accounts claim that the continent is on the rise, driven by high growth rates and supposed better governance and economic policies, Africa's dependent position in the global economy...

www.tandfonline.com

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Jostein Hauge

@haugejostein

2 years

I can't recommend this enough! It's an *open* and *free* online lecture series delivered by internationally renowned heterodox economists and political economists.

SOAS Economics

@SOASEconomics

2 years

🚨 SOAS Economics and @NSSRNews Economics are offering a fantastic lecture series on contemporary issues in political economy (10, Oct'22 - 24, Apr'23. An exciting series with powerhouses in heterodox economics! ✊🏾 Details in pictures and thread below.

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Jostein Hauge

@haugejostein

11 months

"The policy objectives of environmental sustainability, industrial dynamism, and full employment are difficult to reconcile and require hard political choices about resource allocation, strategic priorities, and, crucially, the distribution of economic and social costs." This is

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Jostein Hauge

@haugejostein

7 months

It's been an absolute joy to be able to talk about and share my new book, The Future of the Factory, across the UK. Finally, the book is available for purchase WORLDWIDE. In the book, I look at how four 'megatrends' are changing industrialization, and also draw out implications

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Jostein Hauge

@haugejostein

3 years

If you want understand a country's level of industrialization, don't look at manufacturing's share of the economy. Instead, look at diversification and complexity of that country's exports. It's the exports that matter!

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Jostein Hauge

@haugejostein

2 months

We've been told that Taiwan dominates the global semiconductor industry. Turns out it's much more complicated. Taiwan only accounts for 11% of value-added in the value chain, whereas the US accounts for a whopping 38% of value-added. This is because the US is a leader in design.

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Jostein Hauge

@haugejostein

8 months

"Actually China is more open to foreign investment than maybe it's ever been under the People's Republic and the United States has become remarkably less open" - William C. Kirby, Professor of China Studies at Harvard

Arnaud Bertrand

@RnaudBertrand

8 months

EVERYONE interested in the economic relationship between the U.S. and China should watch this, as it is sure to challenge many beliefs you may have. This is William C. Kirby, easily one of the most knowledgeable Western experts on the topic. He is Professor of China Studies at

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Jostein Hauge

@haugejostein

7 months

'Empirical' is one of the most misused words in economics. Many economists seem to think that evidence needs to be analysed through statistical procedures to count as "empirical evidence". That's plainly wrong, even a mathematician will will tell you that.

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Jostein Hauge

@haugejostein

7 months

Does economics have an 'Africa problem'? About 75% of papers published on Africa in leading economics journals do not have a single African-based author. This is shockingly bad. Economics clearly has an 'Africa problem'.

Does economics have an ‘Africa problem’?

There has been increasing interest on the apparent underrepresentation of African-based scholars in economics scholarship on Africa. Much of this debate, however, proceeds with little by way of evi...

www.tandfonline.com

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Jostein Hauge

@haugejostein

2 months

'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate

The attacks on democracy and freedom "have never been greater in my lifetime," warns Nobel Prize-winning economist Joseph Stiglitz.

www.abc.net.au

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Jostein Hauge

@haugejostein

1 year

Brilliant article just published by Goitom Gebreluel in @IAJournal_CH on Ethiopia's changing regional power status, approach to development, and ideology.

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