William F. Maloney is Chief Economist for Equitable Growth, Finance, and Institutions at the World Bank. He was a Professor of Economics at the University of Illinois, Urbana-Champaign (1990-1997) and then joined the World Bank, working as Lead Economist in the Office of the Chief Economist for Latin America until 2009. He received his PhD in economics from the University of California Berkeley (1990), his BA from Harvard University (1981), and he studied at the University of the Andes in Bogota, Colombia (1982-83). He has published on issues related to international trade and finance, developing country labor markets, and innovation and growth. In addition to publications in academic journals, he coauthored Natural Resources: Neither Curse nor Destiny and Lessons from NAFTA, as well as several flagship publications of the Latin American division of the Bank, most recently Informality: Exit and Exclusion and Does What You Export Matter: In Search of Guidance for Industrial Policies.
Does what economies export matter for development? And, even if it does, can governments improve on the export basket that the market generates through industrial policies? This report takes up these questions by reviewing relevant literature and taking stock of what we know from conceptual, empirical, and policy viewpoints.
This talk by Bill Maloney was given at the Conference on Historical Persistence in Comparative Development at Williams College on the role of high level scientific and entrepreneurial human capital in explaining the differential growth rates seen across the Western Hemisphere.