Casper de Vries, professor of monetary economics at Erasmus School of Economics, was interviewed by BNR Nieuwsradio on November 6th, 2017. Together with Martin Visser (journalist of DFT) and Roelof Salomons (professor at Groningen), he discussed news topics, including the Tinbergen lecture by Harvard economist Dani Rodrik, which was held during the National Economy Day on Friday, 3 November 2017.
In this lecture, Rodrik spoke about the disadvantages of globalisation and the link to populism. In his oppinion, this link exists because of the increasing negative redistribution effects within countries the moment trade barriers become smaller. According to De Vries, 'this theory is ture, but it is a very Anglo-Saxon theory.' He said, 'that if you look at the gross income distribution in the Netherlands, then there is also a pressure on the middle class, but we redistributed so much, that nothing has changed since 1970.' According to him, the victims of globalisation have been compensated in the Netherlands and that this can be seen throughout whole Western Europe. 'The theory is true, but it does not apply to our society.'Â
During the broadcast they further discussed current news topics, among others that agreements could be made with regard to trade treaties, the link between dividend tax and income inequality and the upcoming American tax reform.
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If you would like to hear the entire broadcast of the Dutch radiostation BNR Nieuwsradio, 6 November 2017, you can click on this link.