O que é este blog?

Este blog trata basicamente de ideias, se possível inteligentes, para pessoas inteligentes. Ele também se ocupa de ideias aplicadas à política, em especial à política econômica. Ele constitui uma tentativa de manter um pensamento crítico e independente sobre livros, sobre questões culturais em geral, focando numa discussão bem informada sobre temas de relações internacionais e de política externa do Brasil. Para meus livros e ensaios ver o website: www.pralmeida.org. Para a maior parte de meus textos, ver minha página na plataforma Academia.edu, link: https://itamaraty.academia.edu/PauloRobertodeAlmeida.

Mostrando postagens com marcador Daron ACemoglu. Mostrar todas as postagens
Mostrando postagens com marcador Daron ACemoglu. Mostrar todas as postagens

domingo, 8 de dezembro de 2024

Geralmente é The Rise and Fall, mas vamos ler The Fall and Rise of American Democracy - Daron Acemoglu Project Syndicate

The Fall and Rise of American Democracy

in World

by Daron Acemoglu

Project Syndicate, 04/12/2024

 

BOSTON – It should not have come as such a surprise that US voters were largely unmoved by the Democrats’ warnings that Donald Trump poses a grave threat to American institutions. In a January 2024 Gallup poll, only 28% of Americans (a record low) said that they were satisfied with “the way US democracy is working.”

American democracy has long promised four things: shared prosperity, a voice for the citizenry, expertise-driven governance, and effective public services. But US democracy – like democracy in other wealthy (and even middle-income) countries – has failed to fulfill these aspirations.

It wasn’t always so. For three decades following World War II, democracy delivered the goods, especially shared prosperity. Real (inflation-adjusted) wages increased rapidly for all demographic groups, and inequality declined. But this trend came to an end sometime in the late 1970s and early 1980s. Since then, inequality has skyrocketed, and wages for workers without a college degree have barely increased. About half of the American workforce has watched incomes among the other half soar.

While the past ten years were somewhat better (the almost 40-year increase in inequality appears to have stopped sometime around 2015), the pandemic-induced surge in inflation took a big toll on working families, especially in cities. That is why so many Americans listed economic conditions as their main concern, ahead of democracy.

Equally important was the belief that democracy would give voice to all citizens. If something wasn’t right, you could let your elected representatives know. While this principle was never fully upheld – many minorities remained disenfranchised for much of American history – voter disempowerment has become an even more generalized problem over the past four decades. As the sociologist Arlie Russell Hochschild puts it, many Americans, especially those without a college degree, living in the Midwest and the South, came to feel like “strangers in their own land.”

Worse, as this was happening, the Democrats moved from being the party of working people to becoming a coalition of tech entrepreneurs, bankers, professionals, and postgraduates who share very few priorities with the working class. Yes, right-wing media also stoked working-class discontent. But it could do so because mainstream media sources and intellectual elites ignored the economic and cultural grievances of a significant share of the public. This trend has also accelerated over the last four years, with highly educated segments of the population and the media ecosystem constantly emphasizing identity issues that further alienated many voters.

If this was simply a case of technocrats and intellectual elites setting the agenda, one could tell oneself that at least the experts were at work. But the promise of expertise-driven governance has rung hollow at least since the 2008 financial crisis. It was experts who had designed the financial system, supposedly for the common good, and made huge fortunes on Wall Street because they knew how to manage risk. Yet not only did this turn out to be untrue; politicians and regulators rushed to rescue the culprits, while doing almost nothing for the millions of Americans who lost their homes and livelihoods.

The public’s distrust of expertise has only grown, especially during the COVID-19 crisis, when issues such as lockdowns and vaccines became litmus tests for belief in science. Those who disagreed were duly silenced in the mainstream media and driven to alternative outlets with rapidly growing audiences.

That brings us to the promise of public services. The British poet John Betjeman once wrote that “Our nation stands for democracy and proper drains,” but democracy’s provision of reliable drains is increasingly in doubt. In some ways, the system is a victim of its own success. Starting in the nineteenth century, the United States and many European countries enacted legislation to ensure meritocratic selection and limit corruption in public services, followed by regulations to protect the public from new products, ranging from cars to pharmaceuticals.

But as regulations and safety procedures have multiplied, public services have become less efficient. For example, government spending per mile of highway in the US increased more than threefold from the 1960s to the 1980s, owing to the addition of new safety regulations and procedures. Similar declines in the productivity of the construction sector have been attributed to onerous land-use regulations. Not only have costs risen, but procedures designed to ensure safe, transparent, citizen-responsive practices have led to lengthy delays in all sorts of infrastructure projects, as well as deterioration in the quality of other services, including education.

In sum, all four pillars of democracy’s promise seem broken to many Americans. But this doesn’t mean that Americans now prefer an alternative political arrangement. Americans still take pride in their country and recognize its democratic character as an important part of their identity.

The good news is that democracy can be rebuilt and made more robust. The process must start by focusing on shared prosperity and citizen voice, which means reducing the role of big money in politics. Similarly, while democracy cannot be separated from technocratic expertise, expertise can certainly be less politicized. Government experts should be drawn from a broader range of social backgrounds, and it would also help if more were deployed at the local-government level.

None of this is likely to happen under the incoming Trump administration, of course. As an obvious threat to US democracy, he will erode many critical institutional norms over the next four years. The task of remaking democracy thus falls to center-left forces. It is they who must weaken their ties to Big Business and Big Tech and reclaim their working-class roots. If Trump’s victory serves as a wake-up call for the Democrats, then he may have inadvertently set in motion a rejuvenation of American democracy.

 

Daron Acemoglu, a 2024 Nobel laureate in economics and Institute Professor of Economics at MIT, is co-author (with Simon Johnson) of Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity (PublicAffairs, 2023).

Copyright: Project Syndicate, 2024.

www.project-syndicate.org 

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Grato a Maurício David pela transcrição, como a maior parte dos materiais aqui postados.

segunda-feira, 25 de março de 2024

Book: Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity - Daron Acemoglu, Simon Johnson (2024)

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

Author: Daron Acemoglu Simon Johnson 

Published by PublicAffairs, Hachette Book Group

Year: 2024

 

A thousand years of history and contemporary evidence make one thing clear: progress depends on the choices we make about technology. New ways of organizing production and communication can either ser
ve the narrow interests of an elite or become the foundation for widespread prosperity.

The wealth generated by technological improvements in agriculture during the European Middle Ages was captured by the nobility and used to build grand cathedrals, while peasants remained on the edge of starvation. The first hundred years of industrialization in England delivered stagnant incomes for working people. And throughout the world today, digital technologies and artificial intelligence undermine jobs and democracy through excessive automation, massive data collection, and intrusive surveillance.

It doesn’t have to be this way. Power and Progress demonstrates the path of technology was once—and may again—be brought under control. Cutting-edge technological advances can become empowering and democratizing tools, but not if all major decisions remain in the hands of a few hubristic tech leaders.

With their bold reinterpretation of economics and history, Daron Acemoglu and Simon Johnson fundamentally change how we see the world, providing the vision needed to redirect innovation so it again benefits most people.


terça-feira, 8 de dezembro de 2020

A nova geopolítica mundial: multipolaridade ou visão binária do mundo? - Três artigos para reflexão: Daron Acemoglu, Alexander Vindman, Chris Megerian e Elis Stockhols

 Project Syndicate, Praga – 4.12.2010

The Case for a Quadripolar World

According to the conventional wisdom, the twenty-first century will be characterized by the global shift from American hegemony to Sino-American rivalry. But a bipolar international order is neither inevitable nor desirable, and we should start imagining and working toward alternative arrangements.

Daron Acemoglu

 

Cambridge - Having diminished America’s global role while refusing to accept China’s growing clout, Donald Trump’s presidency represents the last gasp of a unipolar epoch. But while many assume that the unipolar post-Cold War world is giving way to a bipolar international order dominated by the United States and China, that outcome is neither inevitable nor desirable. Instead, there is every reason to hope for, and work toward, a world in which Europe and the emerging economies play a more assertive role.

To be sure, as the world’s most economically successful autocracy, China has already achieved significant geopolitical influence in Asia and beyond. During the two most recent global crises – the 2008 financial collapse and today’s pandemic – the Communist Party of China quickly adjusted the country’s political economy in response to changing circumstances, thereby solidifying its grip on power. Because countries that do not want to toe the US line now routinely turn to China for inspiration and, often, material support, what could be more natural than China emerging as one of the two poles of global power?

In fact, a bipolar world would be deeply unstable. Its emergence would heighten the risk of violent conflict (according to the logic of the Thucydides Trap), and its consolidation would make solutions to global problems wholly dependent on the national interests of the two reigning powers. Three of the biggest challenges facing humanity would either be ignored or made worse.

The first challenge is the concentrated power of Big Tech.While technology is often presented as a key front in the US-China conflict, there is considerable congruence between the two countries. Both are committed to the pursuit of algorithmic dominance over humanswhereby digital platforms and artificial intelligence (AI) are used as tools by the government and corporations for surveilling and controlling the citizenry.

There are differences, of course. Whereas the US government has adopted Big Tech’s own vision and become subservient to the industry, Chinese tech giants remain at the mercy of the government and must abide by its agenda. For example, recent research shows how local governments’ demand for surveillance technologies shapes Chinese AI creators’ research and development. In any case, neither country is likely to strengthen privacy standards and other protections for ordinary people, much less redirect the trajectory of AI research so that its benefits are unambiguous and widely shared.

Likewise, advocacy for human rights and democracy would be a low priority in a bipolar world. With repression in China growing, the US may appear by comparison to remain an exemplar of these values. But America’s principled commitment to democracy and human rights is thin and generally not taken seriously abroad. After all, the US has overthrown democratically elected but insufficiently friendly governments in Latin America, Asia, and Africa. And when it has supported democracy in places like Ukraine, it has generally had an ulterior motive, such as the desire to counter or weaken Russia.

The third big issue likely to receive short shrift in a Sino-American bipolar world is climate change. In recent years, China has appeared more supportive of international agreements aimed at reducing greenhouse-gas emissions than the US has. But the two superpowers are not just the world’s two biggest emitters; they also are both beholden to energy-intensive economic models. China will remain dependent on manufacturing growth, while consumers and growth industries (like cloud computing) will sustain high demand for energy in the US. And one can expect that both sides’ short-term interest in economic supremacy will trump everyone else’s interest in a swift green transition.

All of these problems would be more likely to be addressed in a world with two additional poles, represented by the European Union and a consortium of emerging economies, perhaps within a new organization – an “E10” – comprising Mexico, Brazil, India, Indonesia, Malaysia, Turkey, South Africa, and others.Such a quadripolar world would be less conducive to a new cold war, and it would bring more diverse voices to global governance.

For its part, the EU has already emerged as a standard-bearer for privacy protection and regulation of Big Tech, and it is well positioned to push back against algorithmic automation. Even though it is US and Chinese companies that largely drive concerns about privacy, consumer manipulation, and labor-replacing AI, the European market is so large and important that it can tilt the playing field globally.

But a strategic pole that speaks for emerging economies may be even more consequential. If AI continues to displace humans in the workplace, emerging economies will be the biggest losers, because their comparative advantage is abundant human labor. With automation already cutting into the supply of jobs that had previously been offshored to these economies, it is critical that they have a voice in global debates that will determine how new technologies are designed and deployed.

Europe and the emerging world also can form a powerful constituency against fossil-fuel emissions. While the EU has become a world leader in decarbonization, emerging economies have an acute interest in climate action, because they will suffer disproportionately from global warming (despite having contributed the least to the problem).

To be sure, a quadripolar world would not be a panacea. With a wider array of voices and the possibility for more opportunistic coalitions, it would be much more difficult to manage than was the unipolar world of the recent past. With Brazil, Mexico, India, and Turkey all now led by authoritarians intent on silencing their opponents, independent media, and civil-society groups, Europe inevitably would find itself at odds with this bloc when it comes to human rights and democracy.

Yet, even here, a quadripolar world would offer more hope than the bipolar alternative. Bringing these countries to the international table might make them more willing to countenance opposition at home. Moreover, emerging economies can cooperate as a united front only if they abandon their most authoritarian, nationalistic, and destructive behavior. Ushering in a quadripolar world may thus yield unexpected dividends.

 

Daron Acemoglu, Professor of Economics at MIT, is co-author (with James A. Robinson) of Why Nations Fail: The Origins of Power, Prosperity and Poverty and The Narrow Corridor: States, Societies, and the Fate of Liberty.

 

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Los Angeles Times – 8.12.2020

Biden faces a changed world from when he last held power, and not for the better

Chris Megerian and Elis Stockhols

 

When Joe Biden left the vice president’s office four years ago, the United States was a champion of the Paris climate accord, the architect of the multinational Iran nuclear deal and the leader of a 12-nation free-trade pact in the Pacific Rim region intended to limit China’s growing influence.

None of those things is true anymore as he prepares to be inaugurated as commander in chief next month.

Even as he will be preoccupied by the deadly coronavirus crisis at home, Biden faces a daunting array of global challenges, frayed alliances and emboldened adversaries. And he must confront these issues even as the country he’s set to lead has increasingly become skeptical of interventionism and a robust leadership role internationally — especially after President Trump’s inward-looking “America first” approach.

“As much as there are a lot of people who just want to say, ‘We’re back,’ you can’t erase the last four years. And we’ve been heading in this direction for a long time,” said Ian Bremmer, president of the Eurasia Group, a global risk assessment firm. “Everything Trump represents is symptomatic of something deeper in the American body politic.”

Biden, who will represent a sharp break from Trump’s caustic presence on the world stage, is likely to enjoy something of a honeymoon with transatlantic allies, eager as they are for the United States to return to its traditional role as a pillar of the international democratic order. And his preexisting relationships with many leaders — as senator, vice president and the longest-tenured U.S. member of the 57-year-old Munich Security Conference, where he spoke last year — will help to soothe the jangled nerves of those from Ottawa to Berlin to Seoul.

Even so, some allies have expressed a resigned determination to continue relying less on Washington, as they were forced to do under Trump. And repairing the diplomatic achievements that Trump abandoned won’t be easy.

Sanctions on Iran and tariffs on imports from China, two key pieces of the current president’s agenda, could remain in place as Biden plots his own strategy and seeks new negotiations. Moreover, having opposed troop surges in Afghanistan over a decade ago, Biden may opt not to reverse Trump’s troop drawdown to bring that 19-year-old war to a close.

The president-elect’s team, many of them veterans like him of the Obama administration, knows the pieces won’t fit together the same as before.

“This is not about going back to the world as it was,” said Antony Blinken, Biden’s choice for secretary of State, in an interview earlier this year. “It’s about dealing with the major transformations we’ve seen since — in power among nations, the diffusion of power away from states and the cratering of trust of governance within them. Your policies have to account for that.”

Some of the most drastic changes have occurred in the Middle East. In 2018, Trump withdrew from the multilateral deal the United States had brokered three years before with Iran, European allies, Russia and China, under which Iran agreed to greatly limit its nuclear program through 2025.

Instead of diplomacy, Trump pursued a “maximum pressure” campaign to squeeze Tehran with sanctions, and he ordered the killing of Qassem Suleimani, the powerful Iranian general who died in a U.S. drone strike Jan. 3. The heightened tensions have emboldened hard-liners within Iran, a barrier to getting the country’s leaders back to the negotiating table.

 “It’s very unrealistic to talk about just rejoining an agreement that was crafted in 2015,” said Brian Katulis, a senior fellow at the left-leaning Center for American Progress. “That was then, this was now.”

Israeli Prime Minister Benjamin Netanyahu, his country’s longest-serving leader, could remain an obstacle as well. He opposed the Iran nuclear deal and now opposes revisiting it.

“When Arabs and Israelis agree on something, I think it’s critical to pay attention,” Netanyahu said in an interview Thursday with the Hudson Institute, a conservative think tank. “We’re in this region, we know it very well.”

Iran is now closer to a nuclear weapon than when Trump took office. Its “breakout time” — an estimate of how long it would take Tehran to build a bomb — has dropped from one year to a few months.

The challenge hasn’t deterred Biden from his plan to revisit the Iran nuclear deal. “It’s going to be hard, but yeah,” he told Thomas Friedman, a New York Times columnist, in a recent interview.

European allies may be more eager to collaborate with the new administration in containing China, given its growing economic might and increasing assertiveness abroad.

 “The best China strategy, I think, is one which gets every one of our — or at least what used to be our — allies on the same page,” Biden told Friedman. “It’s going to be a major priority for me in the opening weeks of my presidency to try to get us back on the same page with our allies.”

Jake Sullivan, the incoming national security advisor, is considering expanding the China team inside the White House National Security Council, to underscore that the issue is a foreign policy priority and that Biden wants to work with allies, according to a person close to the president-elect’s team. Also, because the White House advisors, like Sullivan, would not require Senate approval, Biden could avoid confirmation fights with Republicans who might control the chamber when he takes office.

Hammering out his own trade strategy will prove complicated. Obama was pushing to ratify the Trans-Pacific Partnership, the free-trade agreement that would have linked the United States with other Pacific-fronting countries while leaving out China. The deal was on life support, however, even before Trump took office because of opposition from some Democrats and unions as well as Republicans.

Now China has reached its own trade deal, called the Regional Comprehensive Economic Partnership, with many of those same countries, leaving the United States on the sidelines.

 “It strengthens the continued growth of an Asian supply chain in which China is the hub. It poses a real challenge to the United States,” said Edward Alden, a senior fellow at the Council on Foreign Relations.

Another shared — and even more immediate — global priority is addressing the ongoing pandemic. Distributing newly approved vaccines will require coordination among countries in the near term, and cooperation in the longer term to stabilize markets and mitigate broad economic fallout. The crisis provides an opportunity for Biden to rebuild relationships, but it could also prevent the 78-year-old president-elect from making a symbolic visit to Europe early on.

Rejoining the Paris climate accord will be among the easiest steps. All he needs to do is submit paperwork — something he’s pledged to do shortly after he is inaugurated, possibly on his first day— and wait a month to rejoin.

The challenge will be showing the rest of the world that the United States can make progress on global warming, said Robert Stavins, who leads the Harvard Project on Climate Agreements.

Each signatory to the Paris deal must submit “nationally determined contributions,” which are the country’s plans for meeting certain targets for reducing greenhouse gas emissions. Putting together a credible plan will be difficult, Stavins said, because of domestic political opposition in Congress.

“It’s not just conservative Republicans,” he said. “It’s moderate Democrats and Democrats from coal states. So true climate legislation will be extremely difficult.”

Obama sought emissions reductions through regulations, such as his Clean Power Plan and stricter fuel-efficiency standards for cars. That may be more difficult now that Trump’s administration has been unraveling those policies and stocking the federal judiciary with more conservative, anti-regulatory judges who could prove to be an obstacle.

Biden chose John F. Kerry, his former Senate colleague who was Obama’s secretary of State when the Paris accord was signed in 2015, to lead international efforts on climate change. 

 

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Foreign Affairs, Nova York – 8.12.2020

The United States Must Marshal the “Free World”

Together, Democracies Can Counter the Authoritarian Threat

Alexander Vindman

 

At noon on January 20, 2021, Joseph R. Biden will be sworn in as the 46th president of the United States. He will confront a daunting domestic agenda: the legacy of outgoing President Donald Trump will include a rampant pandemic and a host of unresolved social, cultural, ideological, economic, and administrative problems. Having committed himself to being the president of all Americans, Biden will need to contend with the grievances of millions who did not support him and who even question the legitimacy of his election. These domestic concerns will understandably consume the preponderance of the president’s time and energy.

But Biden’s de facto leadership of the “free world” beyond the United States’ borders will be equally important. China, Russia, and other authoritarian states, which have long seen democracy as an existential threat, are on the offensive, deploying all means of statecraft—diplomatic, informational, military, and economic—to advance their ends. The “un-free” world seeks to undermine international norms, Western liberal values, and democracy itself in order to enable the ascendancy of autocratic governments and permit their exercise of raw power. Biden will need to marshal the very strengths that define democratic government if he is to both mend domestic wounds and temper the threats that face democracies globally.

 

RIVAL GREAT POWERS

 

For two decades, a distracted United States neglected the reemergence of great-power competition, and China and Russia reaped the benefits.During its moment of unipolarity, the United States narrowly focused much of its energies on the Middle East and on immediate concerns, to the exclusion of emerging and long-term national security interests. China took advantage of the United States’ distraction and effectively marshaled its strengths to surge in power at a moment when the United States should have held the edge.

Under Trump, the United States disengaged from global affairs, and China and Russia took advantage of its absence to act with impunity and accelerate China’s climb toward preeminence. If the United States further retrenches or shifts to such strategies as offshore balancing, a void will expand that autocratic states will fill.

For decades, Russia has been using the well-honed tools of the Soviet security apparatus to assault democracies. Inside the United States, Russia has unleashed information warfare to exploit divisions and magnify inequities. In Africa, Europe, and the Middle East, Russia is even less constrained and draws on a broader array of tools. There, the Kremlin attacks democratic values not only through illicit financial and organized crime networks and information and cyberwarfare but also with energy coercion, assassinations, and military force. In this zero-sum game, Russia’s objective is simple: magnify discord, divide societies, and weaken democratic institutions in order to subdue opponents and thereby shift power to Russia.

China, as the world’s most populous nation and its second-largest economy, poses an even more potent and pernicious threat to the United States than Russia does. The Chinese Communist Party’s “hide and bide” doctrine helped mask the danger until recently. Like Russia, China uses statecraft and malign influence to advance its interests and undermine democracies. More menacing, however, is its use of economic coercion against the United States and its closest allies. China has seized on the inequities of globalization and the perceived failure of the U.S.-led international financial system effectively to market the notion that state-led capitalism provides the better path to economic prosperity. China’s success in modeling an alternative, authoritarian, state-commanded capitalist system bolsters autocrats and lures some forces within struggling democracies.

Although there is no clear consensus as to whether China and Russia are collaborating to undermine democracies or simply advancing their independent interests, their common efforts are bearing fruit. During the Trump administration, nationalist populist movements blossomed globally, while many democracies backslid. The United States did not respond to these trends, but authoritarian states did—with support. Under a new administration, the United States must organize a concerted effort, by democracies and for democracies, to counter the rise of illiberalism and authoritarianism. The United States must host a democracy summit.

 

SHARED PURPOSE

 

A multipolar world—even one in which the United States remains disproportionally powerful—calls for a level of burden sharing to which democracies are not accustomed. In 1992, the democracies in what is now the G-20 accounted for nearly 90 percent of the group’s GDP. Today, those same democracies account for only 73 percent of the G-20’s GDP. Their economic influence has diminished, but the problems they seek to solve in common have not, and the United States is no longer able or willing to carry the whole load. The sharing of burdens will be essential if democracies are to remain united in the pursuit of common interests and in the face of common threats.

Uniting the democratic world against the clear and present danger of rising authoritarianism is not an act of idealism but of realismChina and Russia already hold similar interests and perceive similar threats, such that they are inclined to view the world in terms of “us versus them.”To convene a summit of democracies will not therefore drive authoritarian states together so much as it will acknowledge the stark reality of a world bifurcated into authoritarian and democratic camps. The project of supporting democracies and advancing democratic values, in this context, is continuous with past U.S. policy.

The idea of a democracy summit is not new, but the need for one has never been greater. Together, the world’s democracies can devise cooperative solutions to their most vexing domestic problems by collectively addressing such shared issues as demographic shifts, social polarization, and growing inequality. Such shared efforts will make democracies more internally cohesive and collectively resilient.

At the same time, democracies can help protect one another against external attacks, including those that take the form of information warfare or economic coercion. Democracies must deter bad actors from interfering in their internal affairs by making clear that those who seek to exploit the openness of democracies by sowing discord will face reciprocal responses. Forewarned in this fashion, authoritarian states will accept the new ground rules, and all powers will benefit from the elimination of one area of increasingly serious conflict.

The summit should be a forum in which democracies can exchange best practices for addressing many areas of common concern. For instance, participants could share ideas for protecting important industries and technologies from foreign influence or for countering China’s economic exploitation. They could coordinate efforts to promote media literacy, expose information operations, and buttress civil society. And democracies could seek collaborative solutions to such global problems as climate change—and the authoritarian subversion of international norms.

Ultimately, the summit should include all the world’s democracies. But it might begin as a kind of “coalition of the willing,” setting forth a democracy compact that identifies the shared objectives of its participants and pledges institutional, technical, and financial support to those who join.Democracies that are insecure or backsliding may then find themselves attracted to the summit consensus, whether in principle or because they don’t wish to be labeled as holdouts. They would have the opportunity to sign on to the principles. The summit should not tolerate free riders: it must take extreme care to be sure that all burdens are shared.

The United States, in concert with the world’s democracies, can resist the coercion of authoritarian regimes without forcing a direct confrontation between the two systems. In fact, in a multipolar world, democracies must both cooperate and compete with authoritarian powers. Countries of both descriptions see climate change, nuclear proliferation, and transnational terror as threats: to counter these forces, among others, will require the United States to cooperate with China, Russia, and emerging powers in Africa, Asia, and Latin America.

The United States once ushered in an era of new democracies, giving those states succor and benefiting from their allegiance. Today, authoritarianism is once again on the rise, and it poses an existential threat to that order. The United States must lead the democratic world in defending itself from a reversion to historical patterns that could well lead to democracy’s demise.

ALEXANDER VINDMAN, a retired Lieutenant Colonel in the U.S. Army and former Director for European Affairs at the National Security Council, is a doctoral student at the Johns Hopkins School of Advanced International Studies, Pritzker Military Fellow at the Lawfare Institute, and the author of the forthcoming book Here, Right Matters: An American Story. 

 

quinta-feira, 18 de maio de 2017

Daron Acemoglu (Why Nations Fail, com James Robinson): economista mais influente do mundo

Daron Acemoglu, economista armênio nascido em Istambul e que é professor do MIT, acaba de ser indicado como o economista mais influente do mundo

Istanbul-born MIT professor named world’s most influential economist 

http://www.hurriyetdailynews.com/istanbul-born-mit-professor-named-worlds-most-influential-economist-.aspx?pageID=238&nID=86257&NewsCatID=344
Economist Daron Acemoğlu, who is a Turkish economist of Armenian descent living in the U.S., has topped the most influential economists list of the Research Papers in Economics (RePEc) for his last 10 years’ of publications. 

Among leading 2,223 leading economists, Acemoğlu, a professor at the Massachusetts Institute of Technology (MIT), topped the list for his works in the last decade. 

RePEc rankings are based on data about authors who have registered with the RePEc Author Service, institutions listed on Economics Departments, Institutes and Research Centers in the World (EDIRC) list, bibliographic data collected by RePEc as well as citation analysis and popularity data compiled, according to RePEC website. 

Acemoğlu is followed by Andre Shleifer from Harvard University, James J. Heckman from University of Chicago and Robert Barro from Harvard University. The former president of the U.S. Federal Reserve (Fed), Ben Bernanke, ranked 25 on the list. 

Acemoğlu’s name has previously been mentioned for the 
Nobel Prize. Recently, he has been popular because of his book, “Why Nations Fail,” co-authored with James Robinson. 

His works cover a wide range of areas, from income and wage inequality to human capital and training. He wrote a series of papers attempting to disentangle the relationship between strong governmental institutions and economic development. The research revealed laws in rich countries that protect property and limit executive powers contribute to their prosperity.

Acemoğlu’s work has been published in leading scholarly journals, including the 
American Economic Review and the Journal of Political Economy. He received his BA in economics from the University of York, along with a Master of Science in mathematical economics and econometrics and PhD in economics at the London School of Economics. He has been the recipient of many awards and honors, including the inaugural T.W. Schulz Prize, awarded to him for “exceptional work by an economist in early or mid-career.”


quinta-feira, 20 de novembro de 2014

Why Nations Fail, a book by Daron Acemoglu & James Robinson - a review by Sergei Soares



No site da Amazon que anuncia e vende o livro já aqui referido. O resenhista era diretor do Ipea.

 

Why Nations Fail: The Origins of Power, Prosperity, and Poverty 

 

Daron Acemoglu , 
 James Robinson 

Format:Kindle Edition
To an economist like me, reading Why Nations Fail, by Daron Acemoglu and James Robinson, is akin to being set free from shackles worn since I began studying. However, first let me say that the book has many and serious shortcomings. Let me talk about these before I get into why this book set me free. Since I am going to strongly criticize aspects of the book, let me make clear that this is one of the best books on economics I have read in a long time.

Several criticisms have been leveled in other reviews against this book: it is simplistic and perhaps overly ambitious, the history is bad, it explains away competing explanations. They are all true.

The book is undoubtedly simplistic. Basically, the authors state that the institutions of a nation or society can be placed on a one dimensional continuum running from "extractive" to "inclusive" and this explains the history of humanity from the neolithic to the present day. A second leitmotif is that the economic and political institutions complement each other and that economically inclusive but politically extractive institutions cannot last for long (as well as the opposite). Finally, since political and economic institutions reinforce each other, they are quite difficult to change, leading to what the authors call "the iron law of oligarchy." Needless to say, this really oversimplifies the analysis of institutions and history. While Acemoglu and Robinson give many, many historical examples to illustrate their thesis, some are more convincing than others. They use a huge mallet to hammer all the facts into their mold, either ignoring or re-interpreting contrary evidence.

I am no historian, but I do know the history of the region in which I live, Latin America, reasonably well. When Latin American examples were used in the book, they were shallow and even wrong. For example, the authors talk quite a bit about the establishment of indigenous "serfdom", with terrible extractive institutions such as the encomienda and repartimiento, in much of Hispanic America. I agree the story they tell is quite important but they do not get it quite right. Acemoglu and Robinson tell the tale of these institutions as if they were simply set in place by colonizing Spaniards when the truth was much more complex, involving conflicts and constant negotiation between the Spanish colonizers, the Spanish Crown, and the conquered peoples themselves. The colonizers wanted to set up slavery instead of serfdom but were impeded from doing so by the Crown through the Leyes Nuevas. The story is told marvelously well in La Patria del Criollo by Severo Martinez Pelaez. The funny thing is that the correct narrative would fit well into the inclusive-extractive framework with a richness that comes from putting in two groups of elite actors with divergent interests, but Acemoglu and Robinson tell it so simplistically so as to miss out.

Likewise, the authors analyze, in different points of the book, Colombia and Brazil, with exceptional praise for Brazilian institutions while they heap abuse upon the Colombian ones. Brazil at the present time has, evidently, better institutions than a Colombia only (we hope) beginning to emerge from decades of civil war. But these two countries are much more alike than different. If you believe the tale told by Acemoglu and Robinson, they could have been comparing Japan and Burma, and not two nations with similar history, GDP, and institutions. While Colombia has seen many horrors and has a long road to travel, recent progress in reigning in lawlessness and chaos is undeniable. While Brazil has seen amazing institutional progress in the last fez decades, many of its cities suffer with murder rates higher than those of Colombian cities, de facto slave labor can be still found in some areas, and its income and especially property distributions are still among the most unequal in Latin America. Especially jarring is that, in other parts of the book, the authors place great emphasis on when institutions limit executive power, giving as an example the American system's unwillingness to allow FDR to pack the Supreme Court to get his way. The same happened in Colombia when Alvaro Uribe passed legislation allowing him to run for a third term and the Supreme Court shot it down with the broad support of Colombian society, including Uribe's allies.

The same can be said of their analysis of Mexico and Argentina: maybe not wrong, but terribly shallow. I know little of the Glorious Revolution, the Roman Empire, the Meiji Restoration, the history of Botswana, or much else of what the book is based upon. But if the standard is the same as the their Latin American examples, then much of the book based upon is poor history. In defense of the authors, it is difficult to draw the details with finesse when painting with a broad brush and the history of humanity from the neolithic to present day is about as broad as you can get in the social sciences.

A final criticism is that Acemoglu and Robinson do not give competing explanations for the backwardness of nations the credit they deserve. They explain away rather than seek dialogue. They classify competing explanations into the Geography Hypothesis, the Culture Hypothesis, and the Ignorance Hypothesis. One problem is that they ignore other competing explanations that go from scientific knowledge (see Margaret Jacob's Scientific Culture and the Making of the Industrial West) to various Marxist explanations based upon capital accumulation. While Acemoglu and Robinson obviously admire Jared Diamond's Guns, Germs, and Steel - which is very well-argued "geography is destiny" book - they ignore other important proponents of the Geography Hypothesis such as Kenneth Pommeranz. I feel their case would be made stronger if they argued that the two approaches were complementary and not adversarial. A relation between geography, technology, political institutions, and economic institutions would be a much stronger theory than institutions alone.

With regards to the Culture Hypothesis, they are (I believe) correct in criticizing it for being so fluid as to be virtually without content. But here my take is not entirely neutral as I particularly loathe the Culture Hypothesis.

But it is on the Ignorance Hypothesis that Acemoglu and Robinson fire their cannon with relish. Being intelligent economists in contact with the intellectual world of "development" I am sure they are very frustrated at the arrogance of policy advisors from the likes of the World Bank, United Nations, or IMF who believe they have the solution to all the developing world's problems "if only policymakers would listen to them." I am not unsympathetic to their disgust at these people but I think Acemoglu and Robinson throw the baby away with the dirty bath water. History is just too full of examples of disastrous policies (disastrous for those who implemented them, not only for the poor souls who inhabit their countries) for the Ignorance Hypothesis to be dismissed out of hand. The authors blame almost all, if not all, bad policies on the material interests of the elite whose position would be endangered by good policy.

A more subtle, and, in my opinion, much more serious, problem is that knowledge and interests are not independent. It is one thing for the elite to choose bad (bad for the many) policy if that policy can be dressed up in plausible and attractive intellectual robes and quite another if that policy is seen as nothing more than plundering of the many by the few (see Antonio Gramsci on role of the intellectual in allowing policy agendas to go forward or not). The "economic nationalism" that has destroyed so many African, Latin American, and Middle Eastern economies is not just pure extraction of wealth of the many by the few; it also dressed in a coherent economic theory espoused by a host of intelligent sociologists and economists (for a popular, if somewhat limited exposition, see The Open Veins of Latin America by Eduardo Galeano). This is why dismissal of the Ignorance Hypothesis is so dangerous: not only is knowledge power, but economic theories that are on your side are also power.

So the book has quite a few shortcomings. Why did I like it so much?

Because as economists we are taught from course one that you cannot have your cake and eat it too. The trade-off between efficiency and equity has been fed to us since before we were weaned. The result to an economist very interested in equality such as myself are intellectual shackles that hobble and cripple our thinking.

Acemoglu and Robinson show us that in the real world, not some paretian maximum efficiency world, but the real one full of monopolies and other horrendous extractive institutions, there is no such trade-off. Equity is efficiency. Only egalitarian institutions allow for the full creative potential of people to be unleashed and thus only egalitarian institutions allow for boundless, unlimited growth based upon technology and productivity. There may be an equity-efficiency trade-off in Sweden or Norway, but certainly not in Mexico, Brazil, Haiti, Zimbabwe, or Pakistan. Much of this has been around in different guises since Schumpeter (who the authors cite extensively) and, more recently, in the endogenous growth literature, but nowhere has it been as clearly stated as in Why Nations Fail.

Why Nations Fail not only states this as its official position but, in spite of all its shortcomings, argues the point so well so as to be entirely convincing (at least to me). The fact that the authors get much of the history not quite right and that they fight rather than incorporate "competing" explanations does not reduce importance of the book and its central message. The sheer optimism of its viewpoint is as liberating as the Emancipation Proclamation.
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sábado, 29 de setembro de 2012

Daron Acemoglu Conversation: Institutional development


THE WORLD THROUGH INSTITUTIONAL LENSES