Atlas

Australia is rich, dumb and getting dumber

October 8, 2019

Arron Patrick - Financial Review

Bangladesh, Cuba, Iran, Mali and Turkmenistan share an unexpected connection to Australia, and it isn't membership of a tourist destination hot list.

All are among the economies that are so lacking in complexity, and have such limited natural opportunities to develop new products, that Harvard University recommends they adopt industrial policy straight out of the post-colonial developing world: the "strategic bets" approach.

The advice comes from the Harvard Kennedy School's Center for International Development,...

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Markets Are Starting to Play a Haunting 2007 Tune

September 18, 2019

John Authers - Bloomberg

...Ricardo Hausmann of Harvard University’s Kennedy School of Government has made it his life’s work to understand why some economies grow faster than others, and therefore which countries are likely to grow next. He believes the answer lies in economic complexity. To paraphrase, countries that develop complex industries with transferable skills are able to grow much faster. Countries that do nothing more than extract raw materials and don’t diversify (like Hausmann’s native Venezuela), have little chance of growth. Those that develop know-how...

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China Risks, Unlike Mexico Tariffs, Aren't Vanishing

June 11, 2019

John Authers - Bloomberg

...Which countries will manage to notch the fastest growth over the next decade? Nobody can know for certain, but Harvard’s Center for International Development has gone to great lengths to try to find out. Its key insight is that growth hinges on economic complexity. The more different skills a population has developed, and the more adaptable its economy, the better its chances of expansion. The more dependent it remains on one industry, the harder it is to achieve growth. It measures this phenomenon in a fascinating and public...

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Indonesia and the Quest for 7% Growth: Overpromise or Underperformance?

April 16, 2019

By Timothy Cheston 
Visualizations by: Nil Tuzcu

Indonesians head to the polls for presidential and legislative elections on April 17, in what is traditionally billed as a clash of titans in the world’s third largest democracy. This time around, voters will find familiar names on the presidential ballot, as Joko Widodo, or Jokowi, faces Prabowo Subianto in the same billing as the 2014 election, with the one exception of Jokowi now having the incumbency of the presidency behind him. If current polls hold, the election appears less of a rematch than a watered-...

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