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Harvard's Danny Rodrik and Standford's Rebecca Diamond present latest research at two Departmental Spring Seminars

Harvard's Danny Rodrik and Standford's Rebecca Diamond present latest research at two Departmental Spring Seminars

The presentations covered investigation into right-wing populism and globalisation, and standards of living and consumption

21.06.2021

 

Dani Rodrik (Harvard) and Rebecca Diamond (Stanford)

This past Spring the Department of Economics and Business organised two guest seminar speakers: in February, Dani Rodrik (Harvard) presented "Globalization, Right-Wing Populism, and Remedies", and in May, Rebecca Diamond (Stanford) presented "Where is Standard of Living the Highest? Local Prices and the Geography of Consumption".

In the first seminar, Dani Rodrik presented research that aimed to determine the mechanism through which right-wing populism is fueled by globalisation. He outlined the various tensions and effects of global trade, including distributive outcomes, aggregate economic performance, and politics. He also talked about production, labor flows, and welfare policy, and how together they effect the populist response. Finally he outlined four "good job" policies as potential remedies: Active labour market policies linked to employers; Industrial/regional policies targeting good jobs; Innovation policies directed towards labour-friendly technologies; and International economic polices that "protect" domestic labour/social standards. The research helps to better understand globalisation as well as the causes and potential remedies of its related impacts.

Prof. Rodrik is professor at Harvard’s John F. Kennedy School of Government as a Ford Foundation Professor of International Political Economy. He also serves as the president of the International Economic Association, and co-director of the Economic for Inclusive Prosperity (EfIP). Prof. Rodrik's research interests focus on globalisation, political economy, and economic growth and development. He was recognised as one of the "World's Top 50 Thinkers" by Prospect magazine in 2019, and has also received various awards, such as the Princess of Asturias Social Science award.

As a new Departmental goal starting from this academic year and going forward, one seminar speaker per year will be a young scholar with an outstanding academic trajectory. Rebecca Diamond was selected, and delivered the second seminar.

Prof. Diamond presented research titled "Where is Standard of Living the Highest? Local Prices and the Geography of Consumption", co-authored with Enrico Moretti (Berkeley), which analyses living standards in various zones for households in different groups. The study relied on a novel dataset where the researchers observed credit and debit card transactions, ACH payments, cash withdraws, and checking data. The researchers measured the mean consumption expenditure, and also conducted a second analysis to determine standards of living in US commuting zones. The study helped to answer the question of where the living standards are highest, and to explain some of the reasons related to those conditions. This work can guide more studies on determining ways to improve conditions in those zones.

Prof. Diamond is a professor of Economics at Stanford Institute of Economic Policy Research. Her research investigates the causes and impact of housing segregation by education levels and income over the labor markets and across neighborhoods. Between 2013 and 2014, she was a post-doctoral Fellow at Stanford. In 2013 Prof. Diamond received a Ph.D. in Economics from Harvard University. She has received several awards, including Faculty Scholar and Spence Faculty Scholar. She is associated with Golub Capital Social Impact Lab and Faculty Affiliate at Stanford GSB Affiliations.

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