News

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...

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

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...

Read more about Los resultados económicos de la educación son decepcionantes

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...

Read more about Learning the lessons of stagnation

La diversificación de la producción, una clave para crear riqueza

June 21, 2015

Marcela Escobari, Tim Cheston in Page Seven

"Bolivia has had impressive growth in recent years, imports have grown, consumption has grown 5% annually are the best numbers in Latin America, but most of that growth has come by the growth in gas and minerals. That creates an unsustainable growth if there is continued investment in exploration, "says the director of the Center for International Development at Harvard University, Marcela Escobari.

The CID (the acronym) deals, among other...

Read more about La diversificación de la producción, una clave para crear riqueza

Helping Albania break with the past

November 18, 2014

Growth Lab's Albania research project in Harvard Gazette

Leading a nation long considered a model of economic dysfunction, Prime Minister Edi Rama of Albania has pushed for change since his election last year. And the change needed in his country is not the electioneering “change” promised by virtually everyone in U.S. politics, but sweeping reforms that remodel institutions and foster the economic revival taking hold oh-so-slowly in the former communist nation.

“We have … the youngest government in the history of Albania,” Rama said during a recent visit...

Read more about Helping Albania break with the past

Pages