News

How Should We Prevent the Next Financial Crisis?

December 16, 2015

By Ricardo Hausmann (originally published in GrowthPolicy)

Financial crises are a bit like airplane crashes. Airplanes, and banks, operate well most of the time. But every so often they crash with very bad consequences and our strategy is to do a forensic study of the last crash, see what we learn, and incorporate that learning into the system so that we might prevent the recurrence of the same kind of crash. In aviation, that has made air travel incredibly safe, to the point that, right now, the Civil Aviation Board does not only analyze crashes but they also analyze “near misses” because there are so few crashes that it’s very hard to keep on learning. So near misses are a way to reduce the likelihood of bad things happening that have not really happened.... Read more about How Should We Prevent the Next Financial Crisis?

Shanghai skyline at night

What Should We Do About Inequality?

December 16, 2015

By Ricardo Hausmann (originally published in GrowthPolicy)

Inequality is the result of many different phenomena. Some of them should be a source of policy concern while others should not. My main problem is the inequality that arises from differences in productivity—namely, differences in productivity across regions, across cities, within cities and across social groups. We know that there are huge differences in income across countries of the world: the richest countries are 200 to 300 times richer than the poorest countries in per capita terms. That’s inequality at the global scale.... Read more about What Should We Do About Inequality?

México como nunca se ha visto: Atlas de Complejidad Económica

November 4, 2015

La Alianza para el Gobierno Abierto, de la que México es miembro fundador, es una iniciativa multilateral que tiene como objetivo hacer a los gobiernos más transparentes, eficientes, que tengan una mejor rendición de cuentas e incentiven la participación ciudadana.

La semana pasada tuvo lugar en nuestro país la Cumbre Global de la Alianza para el Gobierno Abierto (AGA) México 2015, como espacio de diálogo entre sociedad civil y gobierno donde...

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Places are Poor, Not People

Places are Poor, Not People

October 8, 2015

Inclusion Hub spoke with Dr. Ricardo Hausmann, director of Harvard's Center for International Development, about how those who are excluded must be included in the inclusive growth process through interventions to increase their productivity

The Harvard Center for International Development (CID), The World Economic Forum’s Global Agenda Meta-Council on Inclusive Growth and the MasterCard Center for Inclusive Growth convened the Symposium on Inclusive Growth and...

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Expert View: Government-led Innovation

Expert View: Government-led Innovation

October 6, 2015

Inclusion Hub spoke with Eduardo Lora, senior fellow at the Center for International Development at Harvard University, about the role of government in advancing innovation

After the U.N. Sustainable Development Summit, it is clear that government and the private sector both have key roles to play in creating inclusive growth, but according to Eduardo Lora, senior fellow in the Growth Lab at the Harvard University Center for International Development (CID), these roles are more closely connected than is often realized.

Inclusion Hub spoke with Lora at the CID’s...

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The prospect of a Grexit: Devaluation wouldn’t be a panacea for Greece’s economic woes

July 10, 2015

Since ancient times, Greeks have always been wary of facing bad choices. Homer’s Odyssey vividly highlights this predicament with the story of the famous two sea monsters (Scylla and Charybdis) that Jason and his Argonauts had to navigate in order to passing through the Straits of Messina, giving rise to the English idiom of finding oneself between a rock and a...

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Los resultados económicos de la educación son decepcionantes

June 28, 2015

Ricardo Hausmann in El Pais

l Venezuelan Ricardo Hausmann, 58, is one of the most influential Latin American economists. He is director of the Center for International Development and Professor of Development Economics at Harvard University. Participates in the First Annual Industry Conference, held Monday and Tuesday in Madrid. Considers that productivity is the root of inequality, the role of academic education in economic growth is exaggerated and is very concerned about the situation in...

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Learning the lessons of stagnation

June 27, 2015

Ricardo Hausmann in The Economist

IN JUNE 2006 Luiz Inácio Lula da Silva, then Brazil’s president, went to Itaboraí, a sleepy farming town nestled where the flatlands beside Guanabara Bay meet the coastal mountain range. He announced the building of Comperj—the Rio de Janeiro petrochemical complex, a pharaonic undertaking of two oil refineries and a clutch of petrochemical plants. With forecasts of 220,000 new jobs in a town of 150,000 people, Itaboraí geared up for a boom.

Today it is almost a ghost town. Its straggling main street adjoins an unopened shopping mall...

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