@haugejostein Avatar @haugejostein Jostein Hauge

Jostein Hauge posts on X about china, countries, in the, united states the most. They currently have [------] followers and [---] posts still getting attention that total [-------] engagements in the last [--] hours.

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Social Influence

Social category influence countries finance celebrities technology brands automotive brands travel destinations stocks us election currencies social networks

Social topic influence china, countries #1692, in the, united states, the world, investment, tariffs, gdp, has been, elon musk

Top assets mentioned Dogecoin (DOGE) Tesla, Inc. (TSLA)

Top Social Posts

Top posts by engagements in the last [--] hours

"1) Saw a thread on Fukuyamas lecture on developmental state in Ethiopia (thanks @terrefebiruk) and thought Id share some thoughts. I dont disagree with the points but we should remember that ex post it is easy to be deterministic about initial conditions for development. 👇"
X Link 2019-06-25T11:26Z 34.1K followers, [--] engagements

"8) Tagging potentially interested people (and definitely forgetting some): @BelachewM @FTSchaefer @WeiweiChen16 @estariade @DWteVelde @lindacalab @karishma_banga @goitom_gebrelue @nahomtw @ToniWeis @merkebachin @straightedge @JonathanSaid1 @pritishbehuria"
X Link 2019-07-01T14:40Z 34K followers, [--] engagements

"Whitfield Staritz Melese and Azizi have new paper out in Economic Geography on technological capabilities upgrading and value capture in global value chains. Case studies of Ethiopia Kenya and Madagascar. https://www.tandfonline.com/doi/full/10.1080/00130095.2020.1748497 https://www.tandfonline.com/doi/full/10.1080/00130095.2020.1748497"
X Link 2020-05-25T09:29Z 10.3K followers, [--] engagements

"Great paper by @LukasSchlogl and @Kyunghoon_Kim_ just published in @thirdworldq on the space for industrial policy-making in democratic developing countries. https://www.tandfonline.com/doi/full/10.1080/01436597.2021.1984876src= https://www.tandfonline.com/doi/full/10.1080/01436597.2021.1984876src="
X Link 2021-10-26T08:30Z 33.3K followers, [--] engagements

"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"
X Link 2023-01-12T09:00Z 10.2K followers, 92.9K engagements

"In fact in the United States targeting such services has been an integral part of industrial policy for a long time and continues to be so. In the country's efforts to reindustrialize it's also about making such manufacturing-related services in specific sectors stronger. /11"
X Link 2023-07-25T11:53Z [----] followers, [----] engagements

"In other words in high-income countries re-industrialization is about rebuilding and strengthening the entire manufacturing ecosystem including many services. This is not about bringing back manufacturing in the traditional sense there is no manufacturing delusion. /12"
X Link 2023-07-25T11:57Z [----] followers, [----] engagements

"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: https://www.amazon.co.uk/Future-Factory-Megatrends-Changing-Industrialization/dp/0198861583 https://global.oup.com/academic/product/the-future-of-the-factory-9780198861584q=the%20future%20of%20the%20factory&lang=en&cc=gb https://www.amazon.co.uk/Future-Factory-Megatrends-Changing-Industrialization/dp/0198861583"
X Link 2023-09-26T08:34Z 34.1K followers, 21.8K engagements

"I'm shocked and thrilled to see that my new book The Future of the Factory is in the top [--] on amazon's bestsellers list for International Economic Development. Thank you all for your support"
X Link 2023-10-03T09:11Z [----] followers, [----] engagements

"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"
X Link 2023-10-05T11:14Z [----] followers, 194.9K engagements

"I'm incredibly excited for the Cambridge launch of my new book The Future of The Factory. Join us at the Institute for Manufacturing (IfM) on Thursday [--] October for the lecture discussion and drinks reception. You can find the registration link and more details below 👇"
X Link 2023-10-09T14:16Z [----] followers, 12.8K engagements

"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 [----] and [----] have decreased the availability of social services contributed to increasing income inequality and worsened population health. The Washington Consensus might not be dead after all. A must-read book"
X Link 2023-10-19T10:25Z [----] followers, 34.6K engagements

"I'm really excited that our department is hosting Dani Rodrik (@rodrikdani) on [--] November to deliver the Annual Public Policy Lecture titled "Do we need a new paradigm for economic policy" Not to be missed"
X Link 2023-10-24T13:54Z [----] followers, [----] engagements

"Our Centre of Development Studies Seminar Series continues tomorrow We are very lucky to be hosting Dr Pritish Behuria who will address one of the most central debates in development studies right now: the idea of 'Global Development' versus the Global North/South as a framework to study development. The seminar is in-person only and is open to all. For more details about the seminar follow this link:"
X Link 2023-11-06T15:45Z [----] followers, [----] engagements

"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. He rightly argues that the route out of poverty is not through micro-entrepreneurship smallholder farming or microfinance. It's through large-scale job creation business development and productivity growth"
X Link 2023-11-10T09:59Z [----] followers, 102.6K engagements

"My new book The Future of the Factory is back in the top [--] on Amazon's bestsellers list in International Economic Development. Lovely to see that people are enjoying the book"
X Link 2024-01-12T13:45Z [----] followers, [---] engagements

"Elon Musk claims that he's a supporter of free-market capitalism. I can't think of many people more dependent on state support than him: massive government subsidies public technology (e.g. NASA) low interest government loans and exclusive government contracts. Good explanation of what makes countries more or less prosperous https://t.co/D254kMpgDh Good explanation of what makes countries more or less prosperous https://t.co/D254kMpgDh"
X Link 2024-01-24T15:20Z [----] followers, [----] engagements

"I had a great time speaking with @danbanik on his podcast In Pursuit of Development. Our discussion revolved around how four 'megatrends' are changing and shaping industrialization trajectories. Tune in to listen Spotify: YouTube: Apple Podcasts: 🎙 New Episode Alert Join us as we delve into the shifting landscapes of industrialization in the 21st century with @haugejostein from @CdsCambridge @Dept_of_POLIS. Discover how megatrends in technology economy society and ecology are reshaping our understanding of https://t.co/DUZPos5UYS 🎙 New Episode Alert Join us as we delve into the shifting"
X Link 2024-02-01T09:12Z [----] followers, [----] engagements

"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 [--] policy areas and [--] policy instruments"
X Link 2024-02-13T09:07Z [----] followers, 119.9K engagements

"Here are [--] reasons to use the terms global South/North rather than developing/developed countries: 1Global South/North is a clearer expression of uneven power relations in the world 2Many 'developing' countries aren't developing 3Many 'developed' countries aren't developed"
X Link 2024-02-17T11:27Z [----] followers, [----] engagements

"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"
X Link 2024-02-25T11:20Z [----] followers, 17.4K engagements

"Through strategic use of industrial policy China has become the world's largest producer of solar panels. And they are miles ahead of competitors"
X Link 2024-03-22T08:30Z [----] followers, 17.4K engagements

"@NicolaiSchulz Hi Nicolai I don't think there's anything wrong about justifying state intervention based on market failures. But it's problematic when one can ONLY think of justifying state intervention based on market failures. The latter does imply a market primacy view"
X Link 2024-04-18T16:30Z [----] followers, [--] engagements

"@NicolaiSchulz I don't fully understand what you mean here"
X Link 2024-04-18T16:34Z [----] followers, [--] engagements

"Yesterday the US Senate approved a foreign aid package that includes $17 billion in support for Israel. Make no mistake the US is entirely complicit in the genocide in Gaza"
X Link 2024-04-24T12:14Z [----] followers, [---] engagements

"When more than [-----] Palestinians have been killed it is SHOCKING that commentators on major TV networks supporting the Palestinian cause are forced to preface their arguments by saying that anti-semitism is vile. The racism is blatant and it's disgusting"
X Link 2024-05-02T11:12Z [----] followers, [---] engagements

"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. https://www.ft.com/content/ef12d3a7-fbe6-4794-870d-53cd6ad1f4e8 https://www.ft.com/content/ef12d3a7-fbe6-4794-870d-53cd6ad1f4e8"
X Link 2024-05-07T08:55Z [----] followers, 13.7K engagements

"South Korea and Taiwan are great examples. In addition to their well-known export oriented policies these countries implemented a range of protectionist policies during their period of high growth. These included tariffs import licensing and import origin/agency restrictions"
X Link 2024-05-07T09:05Z [----] followers, [---] engagements

"Change to the status quo starts with protest and civil disobedience. They were the basis of ensuring women's right to vote in the UK ending legalised racial segregation in the US and ending apartheid in South Africa. If you are anti-protest you are anti-progress. In [----] we organized sit-ins to end racist policies at the University of Chicago. In '63 I was arrested protesting segregated schools. But we were right. Im proud to see students protesting the war in Gaza. Stay peaceful and focused. Youre on the right side of history. In [----] we organized sit-ins to end racist policies at the"
X Link 2024-05-07T10:56Z [----] followers, [---] engagements

"@MatthewAgarwala @toxvaerd1 A myriad of trade and industrial policies have been formulated over the years by both China and the US. But I would contend that the US stance on trade is more clearly characterised by double standards. They tout free trade to the rest of the world but don't abide by it"
X Link 2024-05-15T12:52Z [----] followers, [---] engagements

"@MatthewAgarwala @toxvaerd1 We can go back to the Uruguay Round (the basis of WTO rules) to see how the US lobbied hard to prevent other countries from using industrial and trade policies. Why Because then the US were ahead technologically in a range of global industries"
X Link 2024-05-15T12:57Z [----] followers, [---] engagements

"@MatthewAgarwala @toxvaerd1 We also need to have a more serious debate about whether some countries should be allowed more policy space in the implementation of industrial/trade policy. It's easy to preach free trade when you're a dominant player in the global economy"
X Link 2024-05-15T13:02Z [----] followers, [---] engagements

"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"
X Link 2024-05-21T09:01Z [----] followers, 23.4K engagements

"First let's not dismiss the growing ability of services to drive productivity growth and trade. In particular we are seeing economies of scale more often in services that use digital technology or are themselves digitalized (e.g. Netflix and Spotify)"
X Link 2024-05-21T09:05Z [----] followers, [---] engagements

"In fact no country except a few states exceptionally rich in oil or small financial havens has achieved high and sustainable standards of living without developing its manufacturing sector"
X Link 2024-05-21T09:48Z [----] followers, [---] engagements

"What about tradability While some services can indeed be traded ALL manufacturing products can be traded. This is why countries with a strong manufacturing sector tend to have a trade balance surplus"
X Link 2024-05-21T09:56Z [----] followers, [---] engagements

"Biden's recent tariffs are the perfect example of how the US manipulates global markets for economic supremacy. They are cheating in the very same game they created the rules for. My latest article "The free trade myth" explains how. https://theconversation.com/the-free-trade-myth-how-the-us-manipulates-global-markets-for-economic-supremacy-231609 https://theconversation.com/the-free-trade-myth-how-the-us-manipulates-global-markets-for-economic-supremacy-231609"
X Link 2024-06-18T08:32Z [----] followers, [----] engagements

"Another key justification for state intervention involves risk uncertainty and control. The private sector may underinvest in risky projects. Additionally states need control over strategic industries and resources"
X Link 2024-07-12T11:39Z [----] followers, [---] engagements

"Common tools/institutions to this end are state-owned enterprises and development banks. These have been tremendously important in the global South where capital markets and commercial banks willing to bear the risks associated with financing ambitious projects are scarce"
X Link 2024-07-12T11:42Z [----] followers, [---] engagements

"@pseudoerasmus On point (1): market failures still dominate the rhetoric on state intervention On point (2): I largely support this understanding of neoliberalism but the public rhetoric of key neoliberal thinkers and practitioners is an entirely different thing"
X Link 2024-07-12T13:21Z [----] followers, [--] engagements

"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. BYD Thailand plant: [-----] jobs BYD Mexico plant: expected [-----] jobs BYD Turkey plant: expected [----] direct jobs BYD Hungary plant: thousands of workers BYD Brazil plants: expected [----] jobs BYDs EV factories are highly automated. Yet they seem to create thousands of jobs. https://t.co/xIYJFY7uly BYD Thailand plant: [-----] jobs BYD Mexico plant: expected [-----] jobs BYD"
X Link 2024-07-22T11:06Z [----] followers, [----] engagements

"China accounted for nearly 60% of all new electric car registrations globally in [----]. This is what committed green industrial policy looks like"
X Link 2024-07-23T10:14Z [----] followers, [----] engagements

"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"
X Link 2024-07-26T08:00Z [----] followers, 61.1K engagements

"First some people argue that one should use data that adjusts for the cost of living between different countries (PPP). PPP is important in many instances for example when comparing poverty rates. However on this question PPP would not accurately capture value/prices of import export FDI costs of travelling etc. Cost of living between countries is different. We know this and I don't think it's too much to ask for people to understand this when looking at this chart. Besides I'm sick of PPP being misused to falsely portray an overly optimistic narrative of convergence between the South and"
X Link 2024-07-26T16:45Z 12.8K followers, [----] engagements

"Second to those who have mostly seen aggregate depictions of South versus North or developing versus developed countries please make sure you also see what this looks like without China. If someone shows you a chart revealing the South catching up with the North and China is included in the South that chart tells you more about China than other countries in the South"
X Link 2024-07-26T16:51Z 12.7K followers, [----] engagements

"Third (and this is responding to many of the comments that have popped up) should we use relative or absolute numbers More specifically should I have looked at growth rates instead of GDP figures Growth rates say very little about REAL convergence and are often misused to portray a story of catch-up. For example Ethiopia was one of the world's fastest growing economies in the 2010s. GDP per capita in Ethiopia right now is around $1000. For comparison GDP per capita in the United States is $76000. When GDP/ GDP per capita starts from a very low base a high growth rate does not necessarily mean"
X Link 2024-07-26T17:02Z 12.8K followers, [----] engagements

"Fourth should we look at GDP rather than GDP per capita We would then be able to see more about the economic significance of a country in the world economy and this is surely important. For example the global South's share of world GDP over time is an important statistic (with and without China). But GDP without the per capita element does not control for population growth. GDP per capita tells you more about development and how the average person in a certain country is doing (in income terms)"
X Link 2024-07-26T17:09Z 12.7K followers, [----] engagements

"For all these reasons I would stick to my original chart as the primary chart when someone asks me if the global South is catching up with the global North. The fact that I think it's fairly accurate is one reason. But it's also because a lot of people are being told a different and somewhat misleading story: namely the story of convergence between the South and the North"
X Link 2024-07-26T17:12Z 12.7K followers, [----] engagements

"@Noahpinion @pseudoerasmus @sanktsalvar @lwsamson@Emilier_Al1 @CokicMarco @EsroIgnaci1420 @arpitrage @Afinetheorem"
X Link 2024-07-26T17:18Z [----] followers, [----] engagements

"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. 1The neglect of power structures in economic analyses 2The marginalisation of philosophical issues 3The obsession with efficiency 4The narrow interpretation of empirical methods and the blind fixation on inferential statistics 5The lack of humility vis-a-vis other social sciences https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton"
X Link 2024-08-05T11:32Z [----] followers, 15.3K engagements

"The current approach to green industrial policy in the West is failing. 'Tinkering' in private markets with things like carbon taxes emission trading schemes and subsidies is not enough. States themselves need to become vehicles for green investment"
X Link 2024-08-08T08:58Z [----] followers, [----] engagements

"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"
X Link 2024-08-12T09:50Z 14K followers, 69.2K engagements

"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. https://theconversation.com/how-protectionism-can-help-developing-countries-unlock-their-economic-potential-236637utm_source=twitter&utm_medium=bylinetwitterbutton https://theconversation.com/how-protectionism-can-help-developing-countries-unlock-their-economic-potential-236637utm_source=twitter&utm_medium=bylinetwitterbutton"
X Link 2024-08-14T15:32Z [----] followers, 23.2K engagements

"If you want to find the very source of economic development productivity growth and innovation you need to find out how and where value-added happens. At a micro level value-added describes the economic enhancement a firm gives to its products or services before selling them on to other firms or directly to customers. At a macro level value-added is the market value of the aggregate output of a defined set of economic activities minus the market value of the aggregate inputs that go into that set of economic activities"
X Link 2024-08-15T16:21Z [----] followers, [----] engagements

"@kyleichan Really interesting stats Shouldn't designing the chips be considered part of 'making' the chips I.e. why do many people still have this idea that industrial design is not part of the manufacturing process"
X Link 2024-08-18T11:40Z [----] followers, [----] engagements

"Correct me if I'm wrong but this chart seems to debunk the popular idea that Taiwan is at the centre of the global semiconductor industry. Taiwan surely seems super important but it seems like the US is equally if not more importantHas this value chain disaggregation been the case for some time or do you think the CHIPS act in the US has shifted more value to the US already"
X Link 2024-08-18T11:49Z [----] followers, [----] engagements

"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"
X Link 2024-08-19T08:05Z [----] followers, [----] engagements

"And remember that value-added is not simply a reflection of technological capabilities. It's also a reflection of power and value appropriation which in part explains why the US accounts for such a large share of the value chain"
X Link 2024-08-19T08:19Z [----] followers, [---] engagements

"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 [--] countries in the world with higher life expectancy than the US despite the insane amount of money the US pumps into its healthcare sector. The bottom 50% of the population in the US barely get by financially (they own 1-2% of the country's wealth). The US ranks lower on social mobility than almost all other OECD countries. GDP is a highly flawed indicator to capture well-being / living standards for the average"
X Link 2024-08-19T08:50Z [----] followers, 64.1K engagements

"Is it just me or have the EU and the US become allergic to free trade The US has banned the exports of advanced AI chips to China and recently imposed steep tariffs on Chinese-made EVs solar cells and semiconductors. The EU also just announced tariffs on Chinese-made EVs. For years the EU and the US were the ones advocating for a rules-based system intended to eliminate trade barriers worldwide (e.g. the WTO). They've now become bastions of protectionism routinely breaking WTO law. You can't make this stuff up"
X Link 2024-08-20T16:41Z [----] followers, [----] engagements

"This is wild. China is a global leader in the entire range of renewable energy manufacturing"
X Link 2024-08-23T08:59Z [----] followers, 188.6K engagements

"Industrialization remains the key development challenge in Africa"
X Link 2024-08-24T14:01Z [----] followers, 52.5K engagements

"Back in [----] 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"
X Link 2024-08-25T08:56Z [----] followers, 128.3K engagements

"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"
X Link 2024-08-25T13:37Z [----] followers, 44.3K engagements

"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"
X Link 2024-08-26T19:36Z [----] followers, 39.3K engagements

"@pseudoerasmus In particular large powerful countries are ignoring the rules. The US is one of the leading rule-breakers because they are realising that they have to be anti-free trade to compete with China. Some people are even saying that the WTO framework is now breaking down"
X Link 2024-08-27T00:19Z [----] followers, [---] engagements

"@pseudoerasmus I still think parts of the WTO framework is going strong constraining policy space in the global South. TRIPS is a good example. But and this is an important point: with or without a functioning WTO the most powerful countries dictate the rules in practice"
X Link 2024-08-27T00:28Z [----] followers, [---] engagements

"@pseudoerasmus I recognise that text because I wrote parts of it I.e. the [----] report they're referring to. What were were saying in that report restated in the text you're highlighting is that there are still a lot of tools available for developing countries"
X Link 2024-08-27T08:28Z [----] followers, [---] engagements

"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"
X Link 2024-08-27T12:04Z 13K followers, 26.6K engagements

"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"
X Link 2024-08-28T08:20Z [----] followers, 10.4K engagements

"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"
X Link 2024-08-29T07:30Z [----] followers, 73.3K engagements

"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"
X Link 2024-08-29T09:00Z [----] followers, 183.6K engagements

"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"
X Link 2024-09-03T08:30Z [----] followers, 10.9K engagements

"People seemed to appreciate this reading list so I'm posting it again (with a small update). It's the [--] key books in the reading list for my course "Development Economics" which I teach at Cambridge"
X Link 2024-09-04T07:25Z 34.1K followers, 80.2K engagements

"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. A map of academics who write about 'degrowth'. (Further commentary seems unnecessary.) https://t.co/xy7WK6Z2eE A map of academics who write about 'degrowth'. (Further commentary seems unnecessary.) https://t.co/xy7WK6Z2eE"
X Link 2024-09-04T09:24Z [----] followers, [----] engagements

"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. 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. 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"
X Link 2024-09-08T13:20Z [----] followers, 32K engagements

"I'm very excited to be in Buenos Aires this week for the ADIMRA Congress I will be talking about the future of industrialization amidst global economic shifts and how we need to rethink industrial policy and global governance. Conoc a los especialistas que compartirn sus conocimientos y perspectivas en el IV Congreso Metalrgico - Edicin Latinoamericana. 🌎 Reserv tu lugar: https://t.co/S3zsaSlxq4 https://t.co/UUM0X1KppY Conoc a los especialistas que compartirn sus conocimientos y perspectivas en el IV Congreso Metalrgico - Edicin Latinoamericana. 🌎 Reserv tu lugar: https://t.co/S3zsaSlxq4"
X Link 2024-09-09T13:11Z [----] followers, [----] engagements

"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 [--] are almost all European countries. The US is number [--]. Europes economic decline is becoming more painful. In [----] European productivity was 95% of Americas; today it is less than 80% which is a big enough gap for holidaymakers to notice. The continents failure to exploit its scale is a problem https://t.co/zSMUX2NMB3 👇 Europes economic decline is becoming more painful. In 1995"
X Link 2024-09-12T14:47Z [----] followers, 29.4K engagements

"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. What a story. Ford CEO Jim Farley travels to China with his CFO in [----] 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. https://t.co/9UuO9NIL2j What a story. Ford CEO Jim Farley travels to China with his CFO in [----] for the first time since the"
X Link 2024-09-15T14:46Z [----] followers, [----] engagements

"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"
X Link 2024-09-16T10:05Z [----] followers, 21.9K engagements

"Industrial policy can be done in so many ways. Here are [--] of the most commonly used instruments I've observed: - State-owned enterprises - Trade policy - Public R&D - Long-term financing/lending - Targeted business support"
X Link 2024-09-18T14:16Z [----] followers, [----] engagements

"I am increasingly experiencing the same thing. Mercantilism is becoming a popular stance within mainstream economics especially if it's anti-China. 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 [--] seconds. 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"
X Link 2024-09-18T15:46Z [----] followers, [----] engagements

"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 kickstarted a journey that led me to pursue a master's degree in development economics at SOAS and eventually a PhD at Cambridge supervised by the book's author himself. I love how books can be such a powerful source of personal transformation"
X Link 2024-09-23T09:34Z [----] followers, 50K engagements

"Degrowth is pro growth in one important way: If energy and resource use in high-income countries is reduced this allows lower-income countries to grow more"
X Link 2024-09-24T10:00Z [----] followers, [----] engagements

"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 industrial policy is a testament to the importance of intervention to build national economic prosperity. (2) Full-scale liberalisation in the global South failed miserably. (3) China holds a wealth of useful industrial policy lessons for economic catch-up. The article beats the familiar drum that protectionism can fail"
X Link 2024-09-24T11:30Z [----] followers, 19.5K engagements

"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"
X Link 2024-09-25T08:56Z [----] followers, [----] engagements

"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: https://academic.oup.com/book/55163 https://academic.oup.com/book/55163 https://academic.oup.com/book/55163 https://academic.oup.com/book/55163"
X Link 2024-09-26T11:06Z [----] followers, 22.6K engagements

"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"
X Link 2024-09-26T11:33Z [----] followers, 55.5K engagements

"More people are recognising that industrial and trade policies in the world's wealthiest countries are constraining economic development in the global South. The solution to this is a reconstruction of our global economic architecture where power is distributed more evenly"
X Link 2024-09-30T08:47Z [----] followers, [----] engagements

"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"
X Link 2024-10-03T09:46Z [----] followers, 62.5K engagements

"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"
X Link 2024-10-10T11:50Z [----] followers, 31.2K engagements

"This is a must-read article by Adam Tooze in The Guardian. Tooze takes heavy aim at the Biden administration showing how the US is breaking the international rules-based order that it claims to uphold. Scathing and on-point criticism of US foreign policy"
X Link 2024-10-12T10:25Z [----] followers, [----] engagements

""Bidenomics is Maga for thinking people.First the Trump and now the Biden presidencies are willing contributors to the controlled demolition of the 1990s post-cold war order.""
X Link 2024-10-12T10:26Z [----] followers, [---] engagements

"Yuen Yuen Ang explicitly disagrees with AJRs theory of institutions and development in the context of lower-income countries. But she doesn't stop there. She even claims that the West were riddled with 'bad' institutions during their development process. Congrats to AJR 🌟 They are brilliant. But I don't agree with their idealized portrayal of institutions in Western development It is historically inaccurate if not ideologized Thus not only do they struggle to explain China they also can't explain why Western economies Congrats to AJR 🌟 They are brilliant. But I don't agree with their"
X Link 2024-10-14T14:12Z [----] followers, 26.7K engagements

"The process of settler colonialism and the development of 'inclusive institutions' in AJRs framework involved intense violence in many cases verging on genocide of native populations. It's a mystery to me that AJR do not discuss the brutality of settler colonialism"
X Link 2024-10-16T12:23Z [----] followers, 16.7K engagements

"This figure along debunks AJRs main argument which is that good governance leads to growth. While good governance is a nice goal in some ways the process there is messy. And many countries have been successful with 'messy' institutions"
X Link 2024-10-16T12:37Z [----] followers, [--] engagements

"This figure debunks AJRs main argument which is that good governance leads to growth. While good governance is a nice goal in some ways the process there is messy. And many countries have been successful with 'messy' institutions"
X Link 2024-10-16T12:48Z [----] followers, [--] engagements

"These numbers are insane. I know that the US consumes a lot but I am shocked to see that they account for more than 30% of the world's consumption. Solutions to the climate crisis have to start with unsustainable consumption in the US. (chart is via @adam_tooze chartbook)"
X Link 2024-10-17T12:25Z [----] followers, 17.5K engagements

"The main problem with AJR is simple: it has led to a factually incorrect belief that certain Western capitalist institutions lead to economic development. An important consequence is that in some ways this has allowed the Washington Consensus to survive"
X Link 2024-10-21T11:01Z 15.7K followers, 21K engagements

"Here are three books that challenge the work by last week's winners of the Nobel prize in economics. In different ways all these books highlight the shortcomings of the West's model of 'good governance'"
X Link 2024-10-21T13:41Z 35.2K followers, 72.4K engagements

"Elon Musk is literally buying votes for Donald Trump. It's shocking to see how much influence corporate money has on politics in the United States. This country is not a model for democracy"
X Link 2024-10-22T12:00Z [----] followers, [---] engagements

"Source: https://www.nytimes.com/2024/10/20/us/politics/elon-musk-federal-agencies-contracts.html https://www.nytimes.com/2024/10/20/us/politics/elon-musk-federal-agencies-contracts.html"
X Link 2024-10-22T12:27Z [----] followers, [----] engagements

"If Elon Musk becomes head of a new government efficiency commission under a Trump administration this would give Musk the power to regulate the regulators that scrutinise his companies"
X Link 2024-10-22T12:30Z [----] followers, [---] engagements

"The support that Musk has received from the US government also includes subsidies access to public technology low-interest loans and tax breaks. https://newrepublic.com/article/160500/elon-musks-big-government-grift https://newrepublic.com/article/160500/elon-musks-big-government-grift"
X Link 2024-10-23T12:49Z 35.2K followers, [----] engagements

"Must-read interview with Stiglitz in the run-up to the US elections. He says that neoliberalism has made it possible for the wealthy to buy political power. This has undermined democracy paving the way for fascism. "The challenges to democracy have never been greater.""
X Link 2024-10-25T09:25Z 35.1K followers, 13.7K engagements

"Yeah sure neoliberalism is a thing of the past"
X Link 2024-10-29T14:46Z 35.1K followers, 26.2K engagements

""Made in China 2025" an industrial policy plan announced by Xi Jinping in [----] has largely been a success. China has achieved a global leadership position in five key technology categories and is catching up fast in many others"
X Link 2024-10-30T14:52Z 10.6K followers, 161.4K engagements

"Bloomberg just published a very informative and detailed article on industrial policy and technological development in China"
X Link 2024-10-30T18:48Z 35.1K followers, 22.1K engagements

"In the 2000s and 2010s development economics lost sight of its oldest and most important insight. China's rise is now reminding us of this insight which is that economic development is about developing productive and technological capabilities"
X Link 2024-10-31T08:30Z 35.1K followers, 13.8K engagements

"I cannot stress this enough: high investment rates in productive sectors of the economy such as manufacturing is essential for economic development. This is essentially what China has been doing and keeps doing"
X Link 2024-10-31T11:24Z 35.1K followers, 37.7K engagements

"Great report from UNCTAD in many ways but I don't buy the narrative that developing countries should shift their focus from manufacturing to services. The evidence is pretty clear: economic development necessitates growth of a (competitive) manufacturing sector"
X Link 2024-11-01T07:30Z [----] followers, 16.2K engagements

"It's strange to hear more economists saying export-led industrialisation is no longer a route to development. Remind me when was export-led industrialisation an 'easy' development path It has always been fundamentally difficult"
X Link 2024-11-01T07:35Z [----] followers, [----] engagements

"I should clarify that both manufacturing and services provide opportunities for value added. And services increasingly so. But the manufacturing sector remains the backbone of innovation productivity growth exports and more broadly economic development"
X Link 2024-11-01T11:14Z [----] followers, [----] engagements

"If you're interested in the topic of manufacturing versus services in driving economic growth and development I have a chapter about it in my book: Bottom line: the manufacturing sector remains the backbone of economic growth and development. https://doi.org/10.1093/oso/9780198861584.003.0003 https://doi.org/10.1093/oso/9780198861584.003.0003"
X Link 2024-11-01T13:07Z [----] followers, 23.2K engagements

"Automation is not causing large-scale job displacement. Is automation causing restructuring of the labour force Yes. Is it disrupting some sectors more than others Yes. Is it causing large-scale job displacement No"
X Link 2024-11-01T13:25Z [----] followers, [----] engagements

"Two important dynamics at play here: 1) In addition to displacing jobs automation creates jobs through its positive effect on productivity growth and innovation. 2) Quite often automation technology displaces tasks rather than jobs"
X Link 2024-11-01T13:31Z [----] followers, [---] engagements

"In developing countries there are additional dynamics at play. One is that the actual scale-up and commercialisation of digital automation tech. is much slower than we are told. But what about automation-induced reshoring Well offshoring continues to outpace reshoring"
X Link 2024-11-01T13:37Z [----] followers, [---] engagements

"So am I saying that automation isn't hampering job-creation strategies in developing countries (such as labour-intensive industrialisation) Basically yes. This does not mean that creating good jobs in developing countries is easy. For example a majority of Africa's labour force has been characterised by informality for decades. But and this is a really important point: automation is not the problem here"
X Link 2024-11-01T13:44Z [----] followers, [---] engagements

"Look at how fast China's share of world exports in EVs has been growing. This is nuts. Semiconductors are next"
X Link 2024-11-04T15:56Z 10.4K followers, 75K engagements

"We need to talk more about the growing industrialization gap. East Asia (i.e. China) is really the only region catching up to the West. The return of industrial policy is happening mainly in East Asia the EU and the US. The rest of the world is getting left behind"
X Link 2024-11-05T12:17Z 13.3K followers, 25.4K engagements

"If you think i'm posting all this stuff about China's rise to warn against China's rise you're wrong. In fact I think we would all benefit from an international order in which the hegemony of the United States is challenged"
X Link 2024-11-05T13:23Z 33.3K followers, 54.3K engagements

"The Democratic party has abandoned the working class so the working class didn't vote for them. Staggering class realignment/shift in working class Harris lost DESPITE major shift of affluent voters her way 2020: Trump wins voters over $100K 54-52 2024: Harris wins voters over $100K 54-45 2020: Biden wins voters $50K-$100K 57-42 2024: Trump w/ voters $50K-$100K Staggering class realignment/shift in working class Harris lost DESPITE major shift of affluent voters her way 2020: Trump wins voters over $100K 54-52 2024: Harris wins voters over $100K 54-45 2020: Biden wins voters $50K-$100K"
X Link 2024-11-07T14:08Z 10.3K followers, [---] engagements

"All these can be true at the same time. Harris lost because. .the Democrats have abandoned the working class. .inflation was high when she was VP. .she funded a genocide. .the Democrats have alienated men. .incumbents all over the world lost elections in 2024"
X Link 2024-11-07T14:43Z 10.3K followers, [---] engagements

"Aaron is making a very important point here: liberal democracies aren't set up for success with industrial policy because they can't plan for the long term. Since [----] its just become progressively more obvious - basically with each year - that liberal democracies lack the stability and long term perspective to do industrial policy like China. Thats REALLY clear in both the U.K. and U.S. post Covid. From last nights show. https://t.co/uKAkH0q7gi Since [----] its just become progressively more obvious - basically with each year - that liberal democracies lack the stability and long term"
X Link 2024-11-11T09:59Z 10.6K followers, 17.8K engagements

"Here's what I see as the most important fundamental shift in the modern world economy: Economic cooperation is being dwarfed by economic competition. Mercantilism has returned with an immense force. Economically this is now the world of warcraft"
X Link 2024-11-12T08:00Z 10.4K followers, [---] engagements

"Well there it is. The man who received more than $15 billion in government contracts over the past decade has been selected to lead the new Department of Government Efficiency (DOGE)"
X Link 2024-11-13T10:03Z 10.6K followers, [--] engagements

"Well there it is. The man who received more than $15 billion in government contracts over the past decade has been selected to lead the new Department of Government Efficiency (DOGE). I can't think of a larger conflict of interest"
X Link 2024-11-13T10:11Z 12.1K followers, [----] engagements

"Many of you will be shocked to hear this but it's a fact: the world has not experienced massive deindustrialization. The reality is that most manufacturing production has simply shifted from a bunch of countries to mainly one country. That country is China"
X Link 2024-11-14T12:06Z 12.1K followers, [----] engagements

"If there's a country giving us hope that we can deal with the climate crisis it's China. Not only is China the world's largest investor in clean energy it's also also the world's largest producer of most clean energy products. Chinas investments in clean tech have dramatically lowered costs around the world including across the Global South. If China hadnt made these investments how much aid would the Global South have needed to achieve similar levels of clean energy growth Chart source: The https://t.co/FFVvGlIUcq Chinas investments in clean tech have dramatically lowered costs around the"
X Link 2024-11-15T15:54Z 12.7K followers, 70.8K engagements

"@GraceBaskaran You mention invasion of foreign territories and interventionist trade policies. On these matters the US tops the list and it's not even close. The reason that the US is opposed to China is very clear: they are threatening the economic hegemony of the US"
X Link 2024-11-16T11:52Z 12.7K followers, 17.8K engagements

"Many people are pointing to China's growing emissions in response to my post. Yes they are growing but let's put this in perspective: the United States is much worse. I'm shocked at how blatantly accepted it's become to hold anti-China views in the West. Since [----] China has done so much more for global prosperity than the West: they've provided everyone with affordable consumer goods they've been leading poverty reduction efforts and now I'm shocked at how blatantly accepted it's become to hold anti-China views in the West. Since [----] China has done so much more for global prosperity than"
X Link 2024-11-16T20:53Z 12.7K followers, 40.5K engagements

"This interview is a masterclass by Bernie Sanders on how to make progressive politics attractive to people who do not identify with the left or the right. No ideology no lies no bullshit. Just plain and simple on how to create a fair society that works for everyone. I enjoyed my conversation with @lexfridman. We discussed the major issues facing our country today: Big Pharma's chokehold over health care getting Big Money out of politics and why it makes sense that the American people are angry right now. I enjoyed my conversation with @lexfridman. We discussed the major issues facing our"
X Link 2024-11-18T13:02Z 12.1K followers, [----] engagements

"The tables are turning. For decades a core part of China's development strategy was to find clever ways to transfer technology from the West. Now it's the other way around: the West is trying to figure out how to transfer technology from China"
X Link 2024-11-20T07:50Z 12.8K followers, 53.2K engagements

"Sure but I'm certainly not in favour of European hegemony. I want a world of shared prosperity. Keep in mind. Paul Krugman is American. Jostein Hauge is European. There is different geopolitical self interest here. Keep in mind. Paul Krugman is American. Jostein Hauge is European. There is different geopolitical self interest here"
X Link 2024-11-22T11:49Z 12.7K followers, [----] engagements

"You say that China has been an economic mercantilist and is engaged in predatory practices globally. I'd say that the United States fits this description better than China. @haugejostein No the simple truth is that China has been an unreconstructed techno economic mercantilist for at least two decades and is engaged in predatory practices globally to take over advanced industries. If the UK had any left youd be concerned too. @haugejostein No the simple truth is that China has been an unreconstructed techno economic mercantilist for at least two decades and is engaged in predatory practices"
X Link 2024-11-22T13:36Z 12.7K followers, 22.1K engagements

"Let's not forget that the US has a history of fighting opposing sanctioning and orchestrating regime change in countries that do not bend to the knee to them economically or politically. In that sense we shouldn't be surprised to see anti-China rhetoric coming from the US. Krugman in NYT: "China is an autocracy that doesnt share democratic values. Allowing it to dominate crucial industries is an unacceptable risk." I don't buy this. The simple truth is that the US is suppressing China's rise because China is challenging US economic hegemony. https://t.co/cVRVG1GRKd Krugman in NYT: "China is"
X Link 2024-11-22T14:26Z 12.7K followers, [----] engagements

"I can't believe what I'm reading. The Washington Post openly calls for an international judicial system that treats some races better than other races. According to the Washington Post Israel should not be investigated by the ICC because Hamas is human shielding and Israel is a democracy fighting barbarians. ICC is not for civilized colonial powers. https://t.co/aeezDeRDEQ According to the Washington Post Israel should not be investigated by the ICC because Hamas is human shielding and Israel is a democracy fighting barbarians. ICC is not for civilized colonial powers. https://t.co/aeezDeRDEQ"
X Link 2024-11-25T10:07Z 12.7K followers, 13.6K engagements

"Typically when a country acquires foreign technology in order to develop its economy we call it technology transfer. When China acquires foreign technology in order to develop its economy we call it pirating hacking and stealing. @haugejostein Ahmmm China also PIRATED & HACKED cutting edge TECH all these years en masse 🙄 @haugejostein Ahmmm China also PIRATED & HACKED cutting edge TECH all these years en masse 🙄"
X Link 2024-11-25T11:38Z 12.7K followers, 66.2K engagements

"If it wasn't clear to you before I hope it's clear to you now: from the ICC to the WTO international law is respected only when it protects the interests of the global North"
X Link 2024-11-25T13:37Z 12.8K followers, 13.1K engagements

"Wow. Someone recommended that I read my own PhD supervisor's work right after accusing me of indulging in "vacuous boosterism" rather than serious research. This platform is amazing. @DavidLiaoCH @haugejostein Or read a legit scholarly work like this https://t.co/MoGIcZatCI @DavidLiaoCH @haugejostein Or read a legit scholarly work like this https://t.co/MoGIcZatCI"
X Link 2024-11-25T13:56Z 13.1K followers, 28.7K engagements

"If we want to end poverty our current system of global patent protection needs to be dismantled. The current system promotes cheap goods flowing from the South to the North but opposes technological knowledge flowing in the other direction. It's absurd"
X Link 2024-11-25T15:27Z 13.1K followers, [----] engagements

"Your reminder that the global South is not catching up with the global North. In fact with the exception of China the income gap between the South and the North keeps growing"
X Link 2024-11-26T10:24Z 14.1K followers, 387.3K engagements

"For this purpose I prefer using nominal GDP rather than GDP that adjusts for cost of living. The reason is that nominal GDP is better for cross-country comparison regarding a range of economic variables like traded goods/services FDI travelling etc. Of course I'm assuming that people keep in mind that cost of living is different between countries. GDP per capita in ASEAN is actually far below $10000. So no ASEAN is not doing better that what my chart suggests"
X Link 2024-11-26T12:45Z 12.7K followers, [----] engagements

"@_alice_evans Fair point. All those countries except for Japan (which started growing earlier) are indeed exceptions to the trend I'm highlighting. I would still maintain that there is a general trend of divergence between the South and North when looking at nominal GDP per capita"
X Link 2024-11-26T14:34Z 12.8K followers, [----] engagements

"@guilhaweb This is a completely different chart: the vertical axis measures change in GDP. It only says something about the change in GDP over time not necessarily the level of income"
X Link 2024-11-26T14:43Z 12.8K followers, [----] engagements

"If we talk about HDI and 'progress' we are opening another can of worms questioning the use of GDP as a metric of well-being. That's certainly a discussion worth having There are many examples of countries where quality of life is good but GDP per capita not necessarily super high. I still think that up to a certain point GDP per capita is a decent (although flawed) metric of material well-being. But it doesn't say much about distribution social well-being etc"
X Link 2024-11-26T15:02Z 12.7K followers, [----] engagements

"I'll admit an important flaw with this chart: GDP does not fully reflect well-being. GDP is simply a metric that looks at output as measured by market prices. So we should keep in mind that GDP growth is only a means to an end. However GDP growth correlates strongly with better living standards in lower-income countries. Therefore lower-income countries need more growth. But in high-income countries we are right to more forcefully question the purpose of GDP growth. Your reminder that the global South is not catching up with the global North. In fact with the exception of China the income"
X Link 2024-11-28T13:55Z 13.1K followers, [----] engagements

"What an absurd statement. Like most other countries China sees manufacturing as a way to develop its economy and create good jobs for its people. China sees manufacturing as a war not as a way to make profit China sees manufacturing as a war not as a way to make profit"
X Link 2024-12-01T17:17Z 13.1K followers, 19.8K engagements

"A really nice paper has just been published on the semiconductor industry. It provides a great overview of industrial policy efforts in the industry the role of major economies and how the supply chain is changing. I highly recommend it"
X Link 2024-12-02T10:25Z 35K followers, 71.2K engagements

"I don't think many people know this: the United States is the only country involved in every step of the production process of semiconductors"
X Link 2024-12-02T10:55Z 23.1K followers, 64.3K engagements

"Elon Musk one of the directors of DOGE is very public about his distaste for government intervention and love for free-market capitalism. Here's what Elon Musk is not so public about: his companies have received more than $15.4 billion in government contracts over the past decade and benefitted massively from government subsidies access to public technology low-interest government loans and tax breaks. Yes this is the man who's going to be in charge of slashing wasteful government spending"
X Link 2024-12-03T11:01Z 13K followers, [----] engagements

"Elon Musk one of the directors of DOGE is very public about his distaste for government intervention and love for free-market capitalism. But Musk is less public about the fact that his companies have received more than $15.4 billion in government contracts over the past decade and benefitted massively from government subsidies access to public technology low-interest government loans and tax breaks. It's pretty clear what kind of system Elon Musk wants: socialism for the rich and capitalism for the poor"
X Link 2024-12-03T15:29Z 13K followers, [---] engagements

"Elon Musk one of the directors of DOGE is very public about his distaste for government intervention and love for free-market capitalism. But Musk is less public about the fact that his companies have received more than $15.4 billion in government contracts over the past decade and benefitted massively from government subsidies access to public technology low-interest government loans and tax breaks"
X Link 2024-12-03T15:40Z 13K followers, [----] engagements

"China's R&D spending is now the second largest in the world trailing only the US. This level of R&D spending is unprecedented for a middle-income country. We need to rewrite our textbooks in development economics because of China"
X Link 2024-12-04T09:26Z 14K followers, 75K engagements

"Interesting blog post from Noah Smith that's worth reading. But the tone is strange. It portrays China's efforts to industrialize as bad for the world "forcibly deindustrializing" its rivals. If there's any region that has a clear track record of forced deindustrialization outside its own borders it's the West. Ask Africa Latin America or South Asia. They have receipts. China is using excess manufacturing capacity to forcibly deindustrialize America and its allies. And neither Trump nor the Democrats have come up with a full comprehensive plan to fight back. https://t.co/kkaKpSUZDq China is"
X Link 2024-12-04T09:46Z 13.2K followers, 38.6K engagements

"Seems like a lot of econ pundits have decided that export-led industrialization should get a new name. They're now calling it "creating industrial overcapacity""
X Link 2024-12-04T16:51Z 13.2K followers, [----] engagements

"This is wild. In less than [--] decades China has gone from being on the periphery of global manufacturing to completely dominating it"
X Link 2024-12-06T10:47Z 14K followers, 122.5K engagements

"Nice article in the FT but China's manufacturing juggernaut isn't running out of road it's just slowing down. These insane growth rates (econ/exports/manuf) can't be sustained forever in China it's simple maths. The rate of growth will slow down but remain impressive"
X Link 2024-12-06T11:05Z 13.1K followers, [----] engagements

"I need to set the story straight about China's 'technology theft' and 'industrial espionage'. To those now upset that China is using tools to transfer technology from richer countries: don't forget that US and EU firms deliberately offshored production to China to take advantage of productive capabilities and cheap labour there. Consumers and large multinationals in the global North have benefitted massively from integrating China into global value chains. It's also odd that we've come to accept that technology isn't a common global good. The world would be a much better and more prosperous"
X Link 2024-12-10T10:59Z 14K followers, 36.6K engagements

"Industrial policy and national security are becoming two sides of the same coin. I'm working on a project which looks at policy measures in China the EU and the US. In these countries we're at a point where industrial policy and national security are close to inseparable"
X Link 2024-12-11T12:01Z 14K followers, 12.3K engagements

"You could indeed make the argument that industrial policy and national security have been closely linked for a long time. Here are three new factors arising: 1) The rise of China as a more pronounced economic and military threat to the West (especially to the US but also to the EU). 2) The prioritisation of supply chain resilience after the COVID-19 pandemic and Russia's invasion of Ukraine. 3) The realisation that some technologies are absolutely vital for economic and national security. I'm thinking especially about semiconductors. @haugejostein I had the feeling the trend started at the"
X Link 2024-12-11T12:45Z 14K followers, 12.6K engagements

"Labour productivity is a messed up statistic. I'm from Norway and can tell you that we're not the second most productive OECD economy. GDP is high simply due to a huge oil sector. Most jobs are non-competitive service sector jobs"
X Link 2024-12-12T12:38Z 14.1K followers, 36.3K engagements

"This is Norway's export basket. We'd be lost without oil. Put our workers in any other country and we'd be complaining about the lack of paid breaks and wondering why we're not ending work early on Friday to go eat cake. This is not what I'd call a productive workforce"
X Link 2024-12-12T12:54Z 14K followers, [----] engagements

"This is an indispensable paper illustrating the unjust nature of today's system of intellectual property (IP) protection. It shows how protection of IP among powerful corporations is driving intense concentration of corporate wealth and power exacerbating global inequality"
X Link 2024-12-12T13:14Z 14K followers, 14.4K engagements

"In [----] China accounted for 6% of global manufacturing. In [----] China is projected to account for almost half of all global manufacturing. This kind of shift is unprecedented in the modern world economy"
X Link 2024-12-16T09:30Z 14.1K followers, 80.6K engagements

"@BlackLabelAdvsr Of course. It's common knowledge that everyone who questions 'America First' ideology and want a world of shared prosperity is paid by the CCP"
X Link 2024-12-17T16:15Z 14K followers, 10.7K engagements

"@Jkylebass Kyle my issue is that the US vilifies all nations deemed an economic or ideological threat. This has been a persistent stance of US foreign policy for decades. We'll never be able to create a world of shared prosperity if we don't challenge the idea of US economic hegemony"
X Link 2024-12-17T16:58Z 14.1K followers, [----] engagements

"We should certainly scrutinise China's actions. In fact I said this explicitly in the post you responded to. However on the subject of threats proxy wars military intervention and even state-sponsored coups China pales in comparison to the US. In fact the US is actively supporting genocide as we speak. Kyle if you're going to point a finger at the Chinese why don't you hold the US to the same standards"
X Link 2024-12-17T23:24Z 14K followers, [----] engagements

"In [----] China launched an ambitious industrial policy plan named "Made in China 2025". The plan has been a massive success. China has become a global leader in five key technology areas and is competitive in several others"
X Link 2024-12-23T14:54Z 16.3K followers, 103.2K engagements

"High-income countries will take more than [---] years to decouple growth from emissions at current trajectories. Green growth simply isn't happening fast enough. We can't rely solely on growth becoming green. High-income countries also need an element of degrowth"
X Link 2024-12-27T12:53Z 14.1K followers, [----] engagements

"@Senecat123 🤔 https://x.com/TheWorthyHouse/status/1871352453045887139 America for the Americans. Everyone else GTFO. https://x.com/TheWorthyHouse/status/1871352453045887139 America for the Americans. Everyone else GTFO"
X Link 2024-12-27T12:59Z 14.1K followers, [--] engagements

"Norway is close to eliminating sales of fossil-fuel-powered cars. Norway is also one of the world's largest oil and gas exporters. Its wealth comes from extracting and selling fossil fuels. This is the definition of cognitive dissonance"
X Link 2024-12-27T13:32Z 15K followers, 38.6K engagements

"Alexander Hamilton in [----] perfectly describing today's trade wars: "Not only the wealth; but the independence and security of a Country appear to be materially connected with the prosperity of manufactures.""
X Link 2025-01-02T16:02Z 15.5K followers, [----] engagements

"Industrialization is Africa's most pressing development challenge. Not only is industrialization important for economic development in the region it will also provide greater economic and political independence for African countries"
X Link 2025-01-03T10:34Z 15.2K followers, 16.7K engagements

"Contrary to what many people think China is popular in Africa. Chinese firms in Africa are found to have a positive impact on economic development and innovation. Among Africans positive views of China outweigh negative views by a factor of [--] to 1"
X Link 2025-01-03T10:59Z 14.1K followers, [---] engagements

"Contrary to what many people think China is popular in Africa. Chinese firms in Africa are found to have a positive impact on economic development and innovation. Among Africans positive views of China outweigh negative views by a factor of [--] to 1"
X Link 2025-01-03T11:12Z 15K followers, 37.7K engagements

"This is important to understand in the context of economic inequality between countries. If we want a world of shared prosperity and freedom for all we need to eliminate the massive economic divide between the global South and the global North"
X Link 2025-01-03T11:33Z 33.4K followers, [----] engagements

"It's a myth that the US lost the semiconductor industry to East Asia. In fact at present the US is the only country that has firms at every step of the semiconductor supply chain"
X Link 2025-01-07T12:28Z 33.7K followers, 170K engagements

"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 neomercantilism trade wars and zero-sum games"
X Link 2025-01-07T13:04Z 15.5K followers, [----] engagements

"This is insane. Mark Zuckerberg calls for even more digital imperialism in favour of the US. He says that he wants to take down regulation in China Europe and Latin America together with Trump. He justifies it in the name of "freedom""
X Link 2025-01-07T15:10Z 15.5K followers, 18.8K engagements

"Over time lots of capabilities in the chips industry have shifted from the US to Japan Korea and Taiwan. China is catching up fast too. But the US still dominates the industry. This holds true whether you measure it by supply chain mapping market cap and/or value added. It's a myth that the US lost the semiconductor industry to East Asia. In fact at present the US is the only country that has firms at every step of the semiconductor supply chain. https://t.co/FzZqXJYVd1 It's a myth that the US lost the semiconductor industry to East Asia. In fact at present the US is the only country that"
X Link 2025-01-08T10:51Z 14.3K followers, [----] engagements

"Does Donald Trump have an ideology According to Branko Milanovic he does and these are its three pillars: 1) Neo-mercantilsm 2) Profit-making 3) Non-imperialist US nationalism"
X Link 2025-01-08T11:33Z 14.3K followers, [----] engagements

"In response to my post some people are asking for books on political economy. Here are the [--] key books for my course on political economy of development that I teach at Cambridge. Ha-Joon Chang once told me that trying to learn about political economy and economic history in an economics department is like trying to learn about atheism in the Catholic church. He captured how I had been feeling my entire undergrad stuck in an economics department. Ha-Joon Chang once told me that trying to learn about political economy and economic history in an economics department is like trying to learn"
X Link 2025-01-09T08:47Z 16.9K followers, 134.4K engagements

"If you claim to be internationalist or pro-development you should applaud China's rise not fight against it. "The success of any developing country whether it be China Nigeria Indonesia Chad Paraguay or Mali should be applauded." - Branko Milanovic"
X Link 2025-01-09T12:57Z 15.3K followers, 10.9K engagements

"BREAKING: The US is putting further export restrictions on AI chips explicitly trying to prevent non-Western countries from developing AI technology. This move is coming from the country that for years preached the virtues of free trade to the rest of the world"
X Link 2025-01-10T10:22Z 16.5K followers, 87.6K engagements

"The double standards are striking. But the move is consistent with how the US has operated for decades: shifting from free trade to protectionist rhetoric as they see fit. I've written about this here: https://theconversation.com/the-free-trade-myth-how-the-us-manipulates-global-markets-for-economic-supremacy-231609 https://theconversation.com/the-free-trade-myth-how-the-us-manipulates-global-markets-for-economic-supremacy-231609"
X Link 2025-01-10T10:26Z 15.9K followers, [----] engagements

"Branko Milanovic says that January [--] [----] Trump's inauguration day marks a symbolic end to global neoliberalism. I disagree. The ascent of Trump and other neomercantilists certainly marks an end to globalisation as we know it. But world trade is actually at an all-time high. And many core tenets of neoliberalism such as deregulation cuts to public services and tax cuts for the wealthy are still widely adopted. Neoliberalism arose as a movement to shield capitalism from socialism decolonisation and democratisation. Its aim was and still is to ensure the global primacy of capital. In this"
X Link 2025-01-16T12:13Z 16.1K followers, 24.8K engagements

"If you want to understand global neoliberalism and its roots you should read "Globalists" by Quinn Slobodian. He points out that neoliberalism is not simply free-market ideology. Neoliberalism is about creating the right conditions for the global dominance of capital"
X Link 2025-01-16T19:08Z 16.4K followers, 49.5K engagements

"This is what economic development looks like. China never settled for mere assembly - they worked hard to develop capabilities throughout the supply chain. The core components of EVs made in China--batteries battery management systems electric motors motor control units vehicle control units--are mostly made by Chinese firms. (Likely even more so now since this table is from 2021) https://t.co/hC0F47y6hy The core components of EVs made in China--batteries battery management systems electric motors motor control units vehicle control units--are mostly made by Chinese firms. (Likely even more"
X Link 2025-01-16T22:02Z 16.4K followers, 57.6K engagements

"As a development economist the idea of China's overcapacity problem is one of the silliest things I've heard. Economic development entails export-led growth (i.e. 'overcapacity'). China's overcapacity problem is a myth spread by other countries being outcompeted by China"
X Link 2025-01-21T13:08Z 16.2K followers, 75.6K engagements

"@Nuanced16 True. But Western nations have been advocates for this kind of global capitalism for a long time. Now when they're suddenly outcompeted in some areas they accuse China of 'cheating'"
X Link 2025-01-21T13:26Z 16.1K followers, [----] engagements

"@RocCityBuilt So then the question is why have real wages in the US dropped There are many reasons but the main reason is that you have a scarcity of politicians who care about working class people"
X Link 2025-01-21T15:27Z 16.1K followers, [---] engagements

"Here is Kyle's blog post on this topic: https://www.high-capacity.com/p/chinas-overlapping-tech-industrialutm_source=post-email-title&publication_id=2439343&post_id=155028391&utm_campaign=email-post-title&isFreemail=true&r=1nz909&triedRedirect=true&utm_medium=email https://www.high-capacity.com/p/chinas-overlapping-tech-industrialutm_source=post-email-title&publication_id=2439343&post_id=155028391&utm_campaign=email-post-title&isFreemail=true&r=1nz909&triedRedirect=true&utm_medium=email"
X Link 2025-01-22T13:47Z 16.3K followers, [----] engagements

"Many people are unaware of this fact: China is popular in Africa. Research shows that Chinese firms have a positive economic impact in Africa. Among Africans positive views of China outweigh negative views by a factor of [--] to [--] across nearly [---] surveys"
X Link 2025-01-24T12:46Z 16.9K followers, 48.5K engagements

"China just became the first country in history to record a trade surplus of 1$ trillion"
X Link 2025-01-27T13:23Z 16.9K followers, 15.5K engagements

"The US-China trade war explained in one chart"
X Link 2025-01-31T12:20Z 17.1K followers, 16.7K engagements

"This headline in the WSJ perfectly illustrates how Western narratives shift when developing countries challenge Western economic hegemony. We used to call this export-led development. Now we call it overbuilding overcapacity and excess production"
X Link 2025-01-31T12:28Z 16.9K followers, 62.3K engagements

"This is a super fascinating chart showing the importance of international trade agreements. Industrial production in the United States started declining almost exactly when China joined the WTO"
X Link 2025-01-31T12:37Z 16.9K followers, 87.1K engagements

"I was listening to the @SinicaPodcast today and had to smile when hearing Zichen Wang (Center for China and Globalization) describing China's playbook essentially as Alexander Hamilton's "Report on the Subject of Manufactures" from [----]. For those unfamiliar with Hamilton's report it's one of the intellectual pillars of modern industrial policy"
X Link 2025-02-04T13:46Z 16.9K followers, [----] engagements

"Let me add that international markets and a surge in exports were obviously important for East Asia's rapid transformation. But we've seen many failed cases of trade liberalisation. East Asia liberalised on their own terms actively using industrial policy in the process. I'm shocked at the number of people who still think that East Asia's rapid economic development happened thanks to free trade and laissez-faire. The crucial ingredient was state intervention. The industrial policy toolbox among East Asia's developmental states was humongous. I'm shocked at the number of people who still think"
X Link 2025-02-05T09:43Z 16.9K followers, [----] engagements

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