HEID student cited in The Economist

In its special report on the world economy, The Economist refers to a paper by one of us (a HEID current PhD student):
"An emerging-market government can therefore promote this learning process by keeping its currency cheap... This is a tried-and-trusted growth strategy promoted in the past by economists such as Bela Balassa and lately championed by Dani Rodrik of Harvard, among others. In a recent paper Caroline Freund and Martha Denisse Pierola of the World Bank show that sustained export surges in the developing world are often associated with sharp currency depreciations, which encourage entry into new markets and products."