While developing countries have been catching up to their richer counterparts on some key metrics, they appear to be falling behind on others. Most worrisome is a growing gap in the local capabilities needed to make the most of new technological innovations.
Vigorous economic competition certainly has a place in today’s world. But economists may currently be overly reliant on this default approach, attributing to a lack of discipline outcomes that may instead result from insufficient solidarity and concern.
The technological level of China’s exports increased through the trade war with the U.S., according to a new ranking, which predicts the Chinese economy will grow faster than India’s over the next decade.
China ranked 16th globally when judged by the complexity of its exports in 2019, moving up three places ahead of countries including Ireland since the onset of the trade war in 2018, according to a new study by Harvard University’s Growth Lab.
The index measures the diversity and technological...
Ricardo Hausmann, Growth Lab research in Daily Maverick
The economist Ricardo Hausmann has set out very clearly what an economy like South Africa can do to work its way out of the current crisis. Hausmann and his team of MIT-Harvard economists developed an enormous dataset contained in theAtlas of Economic Complexity, freely available on the internet.
The concept of economic complexity holds that wealth is created not so much by one particular industry, but by a dense network of industrial...
Ricardo Hausmann in the European External Action Service (EEAS) blog
Last Monday we asked Ricardo Hausmann, Professor at the Harvard Kennedy School, to give a presentation to several hundred EEAS staff members about the global dynamics of the COVID-19 pandemic and the way out. We need indeed to draw inspiration from the most advanced thinking from academia and think tanks.
The Atlas of Economic Complexity in the Wall Street Journal
Now that the West fears losing its economic lead, it is slowly shifting gears. On Tuesday, the U.S. Senate passed a $250 billion bill designed to help American companies face off against China, which includes building up domestic semiconductor capacity. The EU is granting antitrust exemptions to climate-focused industrial policy.
Yet Northern Europe seems more predisposed to identify favored sectors. Italian and Spanish officials remain reluctant, even though the Harvard Kennedy School of...
Después de festejar, el próximo lunes, los alcaldes electos de las principales ciudades de México tendrán que hacer frente a la realidad. Diseñarán sus estrategias de transición, conformarán sus equipos y se prepararán para iniciar sus gobiernos. Aquí hay una buena noticia para ellos.
El “Growth Lab” (laboratorio de crecimiento) de la Universidad de Harvard anunció el miércoles pasado el lanzamiento de Metroverse” , un navegador de información urbana diseñado para proporcionar datos económicos sin precedentes para más de 1,000...
Atlas of Economic Complexity in the Wall Street Journal
The uncertainty and the ensuing pandemic have dramatically slowed business investment. Gross fixed investment from both the government and business fell 4.6% during 2019, Mr. López Obrador’s first full year in power, and then another 18.2% in 2020, according to figures from the national statistics institute. Foreign direct investment for the past two years has been down about $5 billion a year to $30 billion.
Mexico's economy has diversified substantially since opening up more than three decades ago....
Policymakers, urban planners, and businesspeople now have unprecedented access to key economic data for more than 1,000 urban areas in 79 countries, thanks to the launch of the new Metroverse analysis tool from the Growth Lab at Harvard’s Center for International Development.
CAMBRIDGE MA. – The Growth Lab at Harvard University is announcing the launch of Metroverse, an Urban Economy Navigator designed to provide policymakers, entrepreneurs, investors, business organizations, civil society, and the general public with unprecedented economic data for more...