News

Sri Lanka’s economic recovery from coronavirus

April 17, 2020

Ricardo Hausmann in the Daily Mirror

The purpose of this article is to suggest how Sri Lanka can undertake significant structural reforms in the aftermath of this global pandemic and place herself in a position of increased economic strength.

Apart from the money the government will have to spend towards the medical management of the virus, it will have to spend a significant sum of money on social welfare and also support the corporate sector in the coming months. Economists are unable to estimate the sum of money that will be required for this purpose...

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Nature: How India is attempting to slow the coronavirus

April 10, 2020

Ricardo Hausmann in Nature

Like many nations, India does not have enough kits to test most of its population for the new coronavirus. The country is instead relying on people power: thousands of health-care workers are fanning out across the country to trace and quarantine people who might have had contact with those with COVID-19. People are typically only tested if they develop symptoms.

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However, further lockdowns could have dire consequences. Strict social-distancing measures mean that people must stay at home, so many cannot work —...

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BBC: Conseguir dinero toma tiempo y esfuerzo, así que centremos la discusión del manejo de esta crisis donde está el dinero: el FMI

April 6, 2020

Ricardo Hausmann interview in BBC

Así lo afirma el economista venezolano Ricardo Hausmann, director del Laboratorio de Crecimiento del Centro de Desarrollo Internacional de la Universidad de Harvard y docente de dicha institución.

"Los países que supuestamente han tenido éxitos iniciales en la lucha contra el coronavirus, como Dinamarca, Japón y Corea del Sur, deben preocuparse por qué tan exitosos han sido el resto de los países en controlar la pandemia", le dice a...

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Financial Times: Threat of catastrophe stalks developing world

April 3, 2020

Ricardo Hausmann in Financial Times

Governments are fighting to keep the coronavirus pandemic at bay and their economies afloat

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Still, Ricardo Hausmann, a Venezuelan development economist at Harvard University, is not holding out great hope. “The situation in the advanced economies is likely to be much more benign than what developing countries are facing.”

Mr Hausmann says developing economies have been left in the lurch both in terms of their ability to fight the pandemic and to counter its economic impact. Even in the best of times...

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Business Day: Lockdowns are not sustainable, says economist Hausmann

April 2, 2020

Ricardo Hausmann in Business Day

A lockdown is not sustainable and can bankrupt economies, especially those without fiscal space, says renowned economist Ricardo Hausmann.

Fiscal space generally refers to the availability of budgetary room that enables a government to provide resources for a desired purpose without compromising its ability to finance its operations and other obligations such as debt servicing.

Harvard researchers studied 9 million people to discover the surprising secret to career success

January 16, 2020

Frank Neffke - Fast Company

A Harvard study has pinpointed the secret to career success: choosing the right coworkers. The researchers looked at everyone in Sweden (then nine million people) over 10 years, tracing their educations, jobs, and coworker histories. They found that coworkers with complimentary skills and educations earned higher wages, and that those wages rose even further for workers with teammates who had few skills similar to their own. “...

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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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New interactive website helps chart paths for economic growth

September 26, 2019

James F. Smith - The Harvard Gazette

Let’s say you are a government official weighing economic development strategies. Or you’re an entrepreneur looking for the best place to manufacture your new high-tech device. How do you sort through the mountains of available data to figure out which countries have the know-how to achieve dynamic growth — and which do not?

Researchers at Harvard have built a powerful new tool that will do a lot of the work for you.

The Growth Lab, a program of the Center for International Development (CID) at Harvard Kennedy...

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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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US Embassy announces three-year initiative

August 24, 2019

Growth Lab research project in The Reporter

The United States Embassy in Addis Ababa is set to help kick start a three year initiative with Harvard University’s Center for International Development to help identify opportunities for an economic growth and help identify its challenges.

Michael Raynor, US Ambassador to Ethiopia and a champion of reforms initiated by the government of Abiy Ahmed (PhD), calling it, “Ambitious and essential economic reforms,” announced the new initiative that is expected to be ledby Ricardo Haussmann (PhD), who was recently in...

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