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A Comment on: "Presidential Address: Demandā€Side Constraints in Development: The Role of Market Size, Trade, and (In)Equality," by Pinelopi Koujianou Goldberg and Tristan Reed.

Authors :
Rodrik, Dani
Source :
Econometrica; Nov2023, Vol. 91 Issue 6, p1959-1962, 4p
Publication Year :
2023

Abstract

The article discusses a paper by Pinelopi Koujianou Goldberg and Tristan Reed that explores the role of market size in economic development and poverty reduction. The paper argues that market size is a significant constraint on development and that conventional development policies may not be fully effective. The authors present evidence that supports their perspective and propose measures of market size. However, the article also highlights the potential negative effects of international integration on domestic producers and raises questions about the strong version of the argument. It suggests that other factors, such as macro policies and commodity prices, may have contributed to the recent economic growth and poverty reduction in developing countries. The article concludes by discussing the changing global context and the need to focus on domestic demand for sustained economic development. [Extracted from the article]

Details

Language :
English
ISSN :
00129682
Volume :
91
Issue :
6
Database :
Complementary Index
Journal :
Econometrica
Publication Type :
Academic Journal
Accession number :
174064846
Full Text :
https://doi.org/10.3982/ECTA22088