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Guest Essay

By Dani Rodrik

Dani Rodrik is an economist who has researched globalization and development for more than three decades.

From the White House Rose Garden, President Trump called it “Liberation Day” for the United States, but in garment factories in Hanoi and Phnom Penh, the announcement of his “reciprocal tariffs” arrived like a declaration of economic war.

For more than seven decades, many countries have followed the same path out of poverty: make things, and sell them abroad. This strategy, known as “export-oriented industrialization,” was rooted in domestic reforms but turbocharged by........

© The New York Times