In this episode of the Beverage Report Podcast, we interview Professor Dani Rodrik, Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government and co-director of the Reimagining the Economy Program at the Kennedy School and of the Economics for Inclusive Prosperity network.

Can a new approach to industrial policy and economic nationalism help nations tackle pressing challenges like job creation, climate transition, and economic resilience? Can the United States learn from China’s industrial policies, and how can globalisation adapt to meet today’s complex social and environmental demands?

Prof. Dani Rodrik examines East Asia's industrial policy success and its potential replicability in today’s developing economies. He critically assesses the current U.S. approach, comparing it to China’s model of economic transformation. On economic nationalism, Rodrik revisits Alexander Hamilton’s ideas, weighing the promise and risks of America’s renewed focus on domestic industry. His insights offer guidance for countries balancing domestic goals with global interdependence while staying mindful of economic and geopolitical tensions.

As the conversation turns to the future, Rodrik offers a fresh view on the declining role of traditional manufacturing and the rising importance of service sectors. On climate change, he champions a pragmatic approach that embraces transformative national policies—such as the U.S. Inflation Reduction Act and China’s renewable energy initiatives—while addressing the complexities of global coordination.

Tune into this episode to learn more about Professor Dani’s research and his insights into the Economics of Global Change!