Keun Lee, Daron Acemoglu, and Simon Johnson for PS Read More

The Globalization Paradox, by Dani Rodrik; Give and Take, by Nitsan Chorev; and more The PS Say More Newsletter [PS Read More]( In this week's edition of PS Read More, we share recommendations from Keun Lee, a former vice chair of the National Economic Advisory Council for the President of South Korea, a former president of the International Schumpeter Society, and Distinguished Professor of Economics at Seoul National University. We also highlight a recent work by MIT's Daron Acemoglu and Simon Johnson. [The Corporation and the Twentieth Century By Richard N. Langlois]( Sponsored by Princeton University Press [The Corporation and the Twentieth Century]( By Richard N. Langlois The Corporation and the Twentieth Century by Richard N. Langlois is a definitive reframing of the economic, institutional, and intellectual history of the managerial era. "A monumental history." – Daniel Akst, Wall Street Journal Keun Lee Recommends... [Developmental Environmentalism: State Ambition and Creative Destruction in East Asia’s Green Energy Shift]( By Elizabeth Thurbon, Sung-Young Kim, Hao Tan, and John A. Mathews "This book analyzes the green-energy transition in East Asia as an example of the process of 'creative destruction' that Joseph Schumpeter described. Rather than using a simplistic growth versus de-growth paradigm, the authors examine what is being created (new green industries) and destroyed (the old fossil-fuel titans), and in what sequence, ultimately showing that going green does not imply sacrificing growth. Moreover, they highlight key differences between East Asian and Western approaches to the green-energy transition, especially regarding the role of the state and the relationship between emerging players and incumbents." [Give and Take: Developmental Foreign Aid and the Pharmaceutical Industry in East Africa]( By Nitsan Chorev "There is as much controversy surrounding the effectiveness of foreign aid as there is about the usefulness of industrial policy. This book combines these two issues as it examines the pharmaceutical industry in Kenya, Tanzania, and Uganda. One conclusion is that, for foreign aid to be effective, donors must provide relevant markets at the outset (thereby creating demand for local entrepreneurs), followed by mentoring (to deliver the needed technical support and know-how), and monitoring (to assess the efficacy of interventions)." [The Globalization Paradox: Democracy and the Future of the World Economy]( By [Dani Rodrik]( "As we enter the de-globalization era, it is worth revisiting the globalization paradox Rodrik describes in this 2012 book. The basic argument is that we cannot have globalization, national sovereignty, and democracy all at once; we can have only two of the three. That is because globalization gives primacy to the interests of global businesses, not national governments or workers. Furthermore, it limits the effectiveness of national governments’ economic-policy tools, such as interest and exchange rates. As deglobalization advances, governments will gain more policy space and, ultimately, autonomy." Don't miss our recent Say More interview with Lee, in which he considers what artificial intelligence requires of governments, identifies lessons for advanced economies pursuing industrial policy, highlights the risk inequality poses to China’s development, and more. [Read now](. By a PS Contributor [Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity]( By Daron Acemoglu and Simon Johnson The authors say: "Progress and Power provides the thousand-year backstory for ChatGPT and other generative artificial intelligence. We have been struggling with the consequences of automation at least since watermills and windmills spread across medieval Europe. Contrary to today’s conventional wisdom, new technology does not necessarily bring shared prosperity. Countervailing powers are always needed to press for higher wages and better working (and living) conditions. With highly capable AI coming at us unbelievably fast, Power and Progress offers a way to understand the technology’s likely impact – and how we can steer progress onto a more positive and inclusive path." [PS. Subscribe to PS Digital now.]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter does not entitle the recipient to re-publish any of the content it contains. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.