Structural reforms: lessons from other lands
Structural reform has become a major issue in Greece, as a critical component of what the country needs to do to get out of the crisis and stimulate economic growth. The discussion of structural reform in the euro zone revolves largely around textbook ideas and simple economic principles. Latin American, Asian, and advanced countries themselves have a rich history of experience with structural reform. This empirical background rarely figures prominently in the discussions, even though it holds important lessons. In this talk Prof. Dani Rodrik will distill some of the principles that emerge from this experience and that can serve as a guide to structural reform in countries such as Greece. Key points relate to contextual specificity (desirable reforms vary), prioritization (tackling more binding constraints before others), economics of the second-best (some reforms may well backfire), and function versus form (it’s what institutions do and not how they look that matters).
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Video from the lecture available here.
When: 2nd October 2015 at 6:00 pm EEST / 3:00 pm GMT (check time around the world).
Where: Megaron – The Athens Concert Hall, Dimitris Mitropoulos Hall, Vass. Sophias & Kokkali, Athens
You can join the lecture by:
- coming to the event in Athens (more information here).
- following livestreaming from the event at kapuscinskilectures.eu
- asking your questions to Dani Rodrik via Twitter using #KAPTalks hashtag
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