Friday, October 20, 2017

ECON 5505: Topic 1 continued: Globalization, economic divergence, and place-based policies

This coming week's Economist has a leader and briefing on what is causing regional divergence and what to do about it.

Here is the leader:

https://www.economist.com/news/leaders/21730412-time-fresh-thinking-about-changing-economics-geography-right-way-help-declining

Here is the briefing:

https://www.economist.com/news/briefing/21730406-what-can-be-done-help-them-globalisation-has-marginalised-many-regions-rich-world

As you will see, this relates very directly to the Chakravarty-Dehejia research on regional inequality, with the difference that the Economist is focussing on advanced rather than emerging economies.