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...
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...
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.
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. “...
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,...
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...
...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...
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...
...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...
Ricardo Hausmann and Frank Muci - Americas Quarterly
On August 2017, the White House imposed financial sanctions on Venezuela, limiting its access to U.S. financial markets. Shortly after, Venezuela’s economy and oil sector collapsed. Economists Mark Weisbrot, co-director of the Center for Economic and Policy Research, and Jeffrey Sachs conclude that the sanctions caused the collapse and human suffering that followed. Is this persuasive?...
