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PolicyCast

Podcast PolicyCast
Harvard Kennedy School
PolicyCast explores research-based policy solutions to the big problems and issues we're facing in our society and our world. Host Ralph Ranalli talks with lead...

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  • Ricardo Hausmann on the rise of industrial policy, green growth, and Trump’s tariffs
    For market purists, any mention of the term industrial policy used to evoke visions of heavy-handed Soviet-style central planning, or the stifling state-centric protectionism employed by Latin American countries in the late 20th century. But that conversation turned dramatically over the last several years, as President Joe Biden’s signature legislative achievements like the CHIPS and Science Act and the Inflation Reduction Act showcased policies designed to influence and shape industries ranging from tech to pharma to green energy. My guest today, Harvard Kennedy School Professor Ricardo Hausmann, is the founder and director of the Growth Lab, which studies ways to unlock economic growth and collaborates with policymakers to promote inclusive prosperity around the world. Hausmann says he believes markets are useful, but have shown themselves inadequate to create public benefits at a time when public objectives like the clean energy transition and shared prosperity have become increasingly essential to human society. In a wide-ranging conversation, we’ll discuss why industrial policy is making a comeback, tools that the Growth Lab has developed to help poorer countries and regions develop and prosper, and the uncertainty being caused by President Trump’s pledge to raise tariffs and protectionist barriers.Ricardo Hausmann's policy recommendations:Encourage governments to track industries that are not yet developed but have the potential for growth and monitor technological advancements to identify how new technologies can impact existing industries or create new opportunities.Develop state organizations with a deep understanding of societal trends and industrial potential, similar to Israel’s office of the Chief Scientist or the U.S. Presidential Commission on Science and Technology.Encourage governments to develop a pre-approved set of tools—including training, educational programs, research programs, and infrastructure—that can be quickly mobilized for specific economic opportunities.Teach policy design in a way that mirrors medical education (e.g., learning by doing as in a teaching hospital), because successful policy design requires real-world experience, not just theoretical knowledge. Ricardo Hausmann is the founder and director of Harvard’s Growth Lab and the Rafik Hariri Professor of the Practice of International Political Economy at Harvard Kennedy School. Under his leadership, the Growth Lab has grown into one of the most well regarded and influential hubs for research on economic growth and development around the world. His scholarly contributions include the development of the Growth Diagnostics and Economic Complexity methodologies, as well as several widely used economic concepts. Since launching the Growth Lab in 2006, Hausmann has served as principal investigator for more than 50 research initiatives in nearly 30 countries, including the US, informing development policy, growth strategies and diversification agendas at the national, regional, and city levels. Before joining Harvard University, he served as the first chief economist of the Inter-American Development Bank (1994-2000), where he created the Research Department. He has served as minister of planning of Venezuela (1992-1993) and as a member of the Board of the Central Bank of Venezuela. He also served as chair of the IMF-World Bank Development Committee. He holds a Ph.D. in economics from Cornell University.Ralph Ranalli of the HKS Office of Communications and Public Affairs is the host, producer, and editor of HKS PolicyCast. A former journalist, public television producer, and entrepreneur, he holds an BA in political science from UCLA and a master’s in journalism from Columbia University.Scheduling and logistical support for PolicyCast is provided by Lillian Wainaina. Design and graphics support is provided by Laura King of the OCPA Design Team. Web design and social media promotion support is provided by Catherine Santrock and Natalie Montaner of the OCPA Digital Team. Editorial support is provided by Nora Delaney and Robert O’Neill of the OCPA Editorial Team. 
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  • Oligarchy in the open: What happens now as the U.S. confronts its plutocracy problem?
    Ten years ago, political scientists Martin Gilens of Princeton and Benjamin Page of Northwestern took an extraordinary data set compiled by Gilens and a small army of researchers and set out to determine whether America could still credibly call itself a democracy. They used case studies 1,800 policy proposals over 30 years, tracking how they made their way through the political system and whose interests were served by outcomes. For small D democrats, the results were devastating. Political outcomes overwhelmingly favored very wealthy people, corporations, and business groups. The influence of ordinary citizens, meanwhile, was at a “non-significant, near-zero level.” America, they concluded, was not a democracy at all, but a functional oligarchy.  Fast forward to 2024 and a presidential campaign that saw record support by billionaires for both candidates, but most conspicuously for Republican candidate Donald Trump from Tesla and Starlink owner Elon Musk, the world’s richest man. That prompted outgoing President Joe Biden, in his farewell address, to warn Americans about impending oligarchy—something Gilens and Page said was already a fait accompli ten years before. And as if on cue, the new president put billionaire tech bro supporters like Musk, Jeff Bezos, and Mark Zuckerberg front and center at his inauguration and has given Musk previously unimaginable power to dismantle and reshape the federal government through the so-called Department of Government Efficiency. So what does it mean that American oligarchy is now so brazenly out in the open?  Joining host Ralph Ranalli are Harvard Kennedy School Professor Archon Fung and Harvard Law School Professor Larry Lessig, who say it could an inflection point that will force Americans to finally confront the country’s trend toward rule by the wealthy, but that it’s by no means certain that that direction can be changed anytime soon. Archon Fung is a democratic theorist and faculty director of the Ash Center for Democratic Governance and Innovation at HKS. Larry Lessig is the Roy L. Furman Professor of Law and Leadership at Harvard Law School and a 2016 presidential candidate whose central campaign theme was ridding politics of the corrupting influence of money. Archon Fung’s Policy Recommendations:Involve the U.S. Office of Government Ethics in monitoring executive orders and changes to the federal government being made by President Trump, Elon Musk, and other Trump proxies.Demand transparency from Musk and the so-called Department of Government Efficiency about their actions in federal agencies, what changes and modifications they are making to systems, and an accounting of what information they have access to.Lawrence Lessig’s Policy Recommendations:Build support for a test court case to overturn the legality of Super PACs, which are allowed to raise unlimited amounts of money from corporations, unions, associations and individuals, then spend unlimited sums to overtly advocate for or against political candidates.Experiment with alternative campaign funding mechanisms, such as a voucher program that would give individuals public money that they could pledge to political candidates.Urge Democratic Party leaders to lead by example and outlaw Super PAC participation in Democratic primaries.Episode Notes:Archon Fung is the Winthrop Laflin McCormack Professor of Citizenship and Self-Government and director of the Ash Center for Democratic Governance and Innovation at the Kennedy School. at the Harvard Kennedy School. His research explores policies, practices, and institutional designs that deepen the quality of democratic governance. He focuses upon public participation, deliberation, and transparency. His books include “Full Disclosure: The Perils and Promise of Transparency” (Cambridge University Press, with Mary Graham and David Weil) and “Empowered Participation: Reinventing Urban Democracy” (Princeton University Press). He has authored five books, four edited collections, and over fifty articles appearing in professional journals. He holds two S.B.s — in philosophy and physics — and a Ph.D. in political science from MIT.Lawrence Lessig is the Roy L. Furman Professor of Law and Leadership at Harvard Law School. Prior to returning to Harvard, he taught at Stanford Law School, where he founded the Center for Internet and Society, and at the University of Chicago. He clerked for Judge Richard Posner on the 7th Circuit Court of Appeals and Justice Antonin Scalia on the United States Supreme Court. Lessig is the founder of Equal Citizens and a founding board member of Creative Commons, and serves on the Scientific Board of AXA Research Fund. A member of the American Academy of Arts and Sciences and the American Philosophical Society, he was once cited by The New Yorker as “the most important thinker on intellectual property in the Internet era,” Lessig has turned his focus from law and technology to institutional corruption and the corrupting influence of money on democracy, which led to his entering the 2016 Democratic primary for president. He has written 11 books, including “They Don’t Represent Us: Reclaiming Our Democracy” in 2019. He holds a BA in economics and a BS in management from the University of Pennsylvania, an MA in philosophy from Cambridge University, and a JD from Yale.Ralph Ranalli of the HKS Office of Communications and Public Affairs is the host, producer, and editor of HKS PolicyCast. A former journalist, public television producer, and entrepreneur, he holds an BA in political science from UCLA and a master’s in journalism from Columbia University.Scheduling and logistical support for PolicyCast is provided by Lillian Wainaina.Design and graphics support is provided by Laura King and the OCPA Design Team. Web design and social media promotion support is provided by Catherine Santrock and Natalie Montaner of the OCPA Digital Team. Editorial support is provided by Nora Delaney and Robert O’Neill of the OCPA Editorial Team.  
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  • What the EU must do to compete—and become the leader the world needs
    Alexander De Croo  became Belgium’s prime minister in October of 2020. It’s a relatively small country, with about 12 million inhabitants—slightly less than the city of Los Angeles—but it’s very much the face of Europe with the European Commission, the Council of the European Union, and NATO all calling Brussels home. Prime Minister De Croo, who saw the country through the COVID pandemic, says that the geopolitical and economic upheavals already being instigated by the “America first” ethos of President Donald Trump will present another stiff test for the leadership of not only his country but the EU. In this episode of HKS PolicyCast with host Ralph Ranalli, De Croo says the key to Europe not just surviving that challenge but also thriving will depend on its ability to raise its level of economic competitiveness significantly in the coming decades. While still a powerful trading bloc, the EU’s economic growth has been slowing since the year 2000 and it’s an also-ran to the US and China in the vital tech sector, with only four of the world’s top 50 tech companies being based in Europe. It’s also facing the challenge of long-term demographic trends—by 2040 the EU’s workforce is projected to shrink by 2 million workers a year. So, as the US retreats from global leadership on fronts ranging from the green energy transition to human rights, De Croo says Europe must make urgent economic policy changes to maintain both its values and its status a leader on the world stage. Programming note: As this discussion was being recorded, a coalition of five parties—led by the separatist New Flemish Alliance and not including Mr. De Croo’s center-right Open VLD party—agreed to form a new government, effectively ending his tenure as prime minister.Alexander De Croo’s Policy Recommendations:Eliminate excessive corporate reporting systems like CSRD (the Corporate Sustainability Reporting Directive) that add bureaucratic burdens to businesses without improving corporate behavior.Implement a non-permanent migration system that allows young people to study in Europe and stay for a set period of time, after which they are required to return to their home countries.Maintain Europe's openness to the world while protecting core European interests, and act assertively in areas—trade, climate sustainability, development, diplomacy—where the EU is already a global leader.Episode Notes:Alexander De Croo is the outgoing Prime Minister of the Kingdom of Belgium, a post he held beginning in 2020. De Croo has had a long career in politics and business, including numerous ministerial posts. As Minister of Finance, he helped create a framework for a major European recovery package. As Minister of Pensions, he carried out Belgium's first pension reform package in recent history and was involved in setting up a Pension Reform Commission. As Minister of Development Cooperation, Digital Agenda, Telecom and Postal Services, he promoted measures to strengthen human rights, enhance local economic growth in partner countries, and maximize the economic potential of the digital economy. He spent his early career as a businessman and entrepreneur, and in 2006 he founded his own company, Darts-ip, an intellectual property consulting firm that now operates around the world. He started his political career in 2009, running unsuccessfully for a seat in parliament but winning the chairmanship of the center-right Flemish political party, Open Vlaamse Liberalen en Democraten (OpenVLD). He holds an MSc in business engineering from Vrije Universiteit Brussel and an MBA from the Kellogg School of Management at Northwestern University.Ralph Ranalli of the HKS Office of Communications and Public Affairs is the host, producer, and editor of HKS PolicyCast. A former journalist, public television producer, and entrepreneur, he holds an BA in Political Science from UCLA and an MS in Journalism from Columbia University.Administrative support for PolicyCast is provided by Lilian Wainaina. Design and graphics support is provided by Laura King and the OCPA Design Team. Social media promotion and support is provided by Catherine Santrock and Natalie Montaner and the OCPA Digital Team. Editorial support is provided by Nora Delaney and Robert O’Neill of the OCPA Editorial Team. 
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  • The policy changes needed now to avoid a climate-driven global food crisis
    The warning lights are blinking for the world’s food supply. At least that’s what 150 Nobel Prize and World Food Prize laureates said in a recently-published open letter calling for a “moonshot” urgency effort to start the immediate ramping up of food production to meet the global demands of 9.7 billion people by 2050. Harvard Kennedy School economist Wolfram Schlenker, the new Ray A. Goldberg Professor of the Global Food System says doing that will require urgent policy changes and, in some cases, policy reversals to meet those goals against the headwinds of climate change. Even as crop yields are under stress due to rising temperatures and extreme weather events, Schlenker says spending on research and development of new, climate-resistant crops and other food technologies has declined. Countries are also starting to put up more protectionist barriers around their domestic agricultural sectors, undermining the global free trade in staple food commodities that is essential to preventing severe agricultural shocks that can result in civil upheaval, mass migration, and global instability. Schlenker is the co-author of a groundbreaking study in 2009 which found that crop yields fall precipitously after reaching a certain heat threshold. The study’s conclusions were validated just three years later when a heat wave over the U.S. corn belt saw yields drop by 25 percent. With 700 million people globally already classified as undernourished and the world having at least temporarily breached the crucial 1.5 degrees Celsius warming standard in 2024, it may be the most important problem nobody’s talking about. Schlenker joins PolicyCast host Ralph Ranalli to talk about the ticking global food crisis clock and policy changes that could make a difference.Wolfram Schlenker’s Policy Recommendations:Limit beggar-thy-neighbor agricultural policies where countries impose export restrictions when food prices rise. Specifically, implement the Declaration on Sustainable Agriculture passed at COP-28 by ensuring that the World Trade Organization has an enforcement mechanism that limits trade restrictions in agricultural markets following climatic events.Reverse the current decline in public R&D funding for agricultural technologies. Private companies, which currently conduct most of the R&D, do not have the correct incentives to innovate when there are positive spillovers on others.Ensure that the Social Cost of Carbon — the cost of emitting an extra ton of CO2 — reflects its impact on all countries and not just the U.S., as climate change is a global problem.Episode Notes:Wolfram Schlenker is the Ray A. Goldberg Professor of the Global Food System at Harvard Kennedy School. An economist and engineer by training, he studies the intersection of climate, agriculture, and the global economy. His research interests include:The effect of weather and climate on agricultural yields and migration,How climate trends and the U.S. biofuel mandate influences agricultural commodity pricesHow pollution impacts both agricultural yields and human morbidity. He is a Research Associate at the National Bureau of Economic Research. He currently serves on the Board of Reviewing Editors at Science.Schlenker holds a PhD in agricultural and resource economics from the University of California, Berkeley, a master’s in engineering and management Sciences from the University of Karlsruhe, Germany, and a master’s in environmental management from Duke University (1998).Ralph Ranalli of the HKS Office of Communications and Public Affairs is the host, producer, and editor of HKS PolicyCast. A former journalist, public television producer, and entrepreneur, he holds an BA in political science from UCLA and a master’s in journalism from Columbia University.Scheduling and logistical support for PolicyCast is provided by Lilian Wainaina. Design and graphics support is provided by Laura King and the OCPA Design Team. Web design and social media promotion support is provided by Catherine Santrock and Natalie Montaner of the OCPA Digital Team. Editorial support is provided by Nora Delaney and Robert O’Neill of the OCPA Editorial Team.
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  • From insight to impact: Dean Jeremy Weinstein wants the Kennedy School to embrace and solve complex public problems
    Jeremy Weinstein became the newest dean in the 88-year history of the Harvard Kennedy School this past June, arriving from Stanford University, where he was an award-winning scholar and the founding faculty director of the Stanford Impact Labs. The pursuit of deep scholarly curiosity and roll-up-your-sleeves impact has been a theme in his life and career, as well as an approach he intends to accelerate schoolwide at HKS under his leadership. Growing up, Weinstein experienced a family run-in with government policy gone horribly wrong—one that could have inspired a deep cynicism about the role of government in people’s lives. He found inspiration instead and embarked on a career that has encompassed field research on the ground in post-conflict countries including Uganda, Mozambique, and Peru; wide-ranging scholarship in areas including political violence, the political economy of development, migration, and technology’s proper role in society; government service at the National Security Council and as Deputy Ambassador to the United Nations during the Obama administration. He has also been an academic leader who has led major initiatives including the Stanford Impact Labs and the Immigration Policy Lab. His new job marks a return to HKS, where he earned both his master’s and PhD in political economy and government. He joins PolicyCast host Ralph Ranalli to talk about his life experiences, how they shaped him as a scholar and leader, and what he believes the role of the Kennedy School should be in challenging times for academia, the United States, and the world.Policy Recommendations:Jeremy Weinstein’s recommendations for restoring trust in public institutions, expertise, and scholarship:Reclaim the civic purpose of higher education and prioritize its role in serving democratic institutions and solving societal problems.Reconnect to the real-world problems people are experiencing and ensure that the questions being asked and answered by scholars and researchers are ones that can help public institutions make progress.Leverage expertise and use science and innovation to tackle pressing challenges including economic insecurity, housing insecurity, food access, access to health care, and geographic disparities in economic development.Realign incentives and allocate resources to position higher education institutions as active problem-solving partners, particularly at the state and local level where governors, mayors, and county leaders design policies that directly impact people’s daily lives.Demonstrate the value of science, expertise, and policy innovation by producing results people can see and benefit from, and emphasize their value in ensuring that government dollars at all levels are spent efficiently.Episode Notes:Jeremy Weinstein is Dean and Don K. Price Professor of Public Policy at Harvard Kennedy School. He is an award-winning researcher and teacher with expertise on civil wars and political violence; ethnic politics; the political economy of development; democracy and accountability; and migration. Before coming to Harvard, he was the Kleinheinz Professor of International Studies at Stanford University, where he led major initiatives, including Stanford Impact Labs and the Immigration Policy Lab, which catalyzed partnerships between researchers and practitioners with the goal of generating innovative policies, programs, and interventions to meaningfully address important social problems.Weinstein has also held senior roles in the U.S. government at the White House and State Department, most recently as Deputy to the U.S. Ambassador to the United Nations during President Obama’s second term. As Deputy, Weinstein was a standing member of the National Security Council Deputies’ Committee—the subcabinet policy committee with primary responsibility for advising the National Security Council, the Cabinet, and the President on foreign policy issues. Before becoming Deputy, he served as Chief of Staff at the U.S. Mission to the United Nations. During President Obama’s first term, he served as Director for Development and Democracy on the National Security Council staff at the White House. Weinstein is the author of “Inside Rebellion: The Politics of Insurgent Violence,” co-author of “Coethnicity: Diversity and the Dilemmas of Collective Action,” and co-editor of “Crime, Insecurity, and Community Policing.” For his research, Weinstein received the International Studies Association’s Karl Deutsch Award, given annually to the scholar under 40 who has made the most significant contribution to the study of international relations. In recent years, he has also written on issues at the intersection of technology and democracy, including in a co-authored book “System Error: Where Big Tech Went Wrong and How We Can Reboot.”He earned a BA from Swarthmore College and an MA and PhD in political economy and government from Harvard University.Ralph Ranalli of the HKS Office of Communications and Public Affairs is the host and producer of HKS PolicyCast. A former journalist, public television producer, and entrepreneur, he holds a BA in Political Science from UCLA and an MS in Journalism from Columbia University.Scheduling and logistical support for PolicyCast is provided by Lilian Wainaina. Design and graphics support is provided by Laura King and the OCPA Design Team. Social media promotion and support is provided by Natalie Montaner and the OCPA Digital Team. Editorial support is provided by Nora Delaney, Robert O’Neill, and the OCPA Editorial Team.
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PolicyCast explores research-based policy solutions to the big problems and issues we're facing in our society and our world. Host Ralph Ranalli talks with leading Harvard University academics and researchers, visiting scholars, dignitaries, and world leaders. PolicyCast is produced at the Kennedy School of Government at Harvard University.
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