Ricardo Hausmann, Growth Lab research - Lanka Business Online
Sri Lanka should rethink its immigration, diaspora and product development policies so as to encourage more complexity in exports, economist Ricardo Hausmann of Harvard University said in Colombo on Monday.
Immigrants and diaspora bring with them significant know-how and skills necessary for the setting up of new industries, a process which Sri Lanka could benefit from, he said.
CID has published its December Newsletter. Did you know...
Evidence for Policy Design (EPoD) is implementing a comprehensive capacity-building program to increase the use of rigorous data and research evidence by policymakers in South Asian countries. The initiative is carried out in six high-potential 'proof of concept' pilot projects.
José Ramón Morales, Douglas Barrios - Caracas Chronicles
Social policy planners in Venezuela today are like field doctors in a war zone: if they actually stopped to register emotionally the devastation all around them, they’d never be able to get any work done. Today, Venezuela is undergoing the most brutally painful economic and social calamities probably since the Federal War. Sitting around feeling horrible about it, though, is not a luxury policy planners can afford.
Ricardo Hausmann & Mark Walker - Project Syndicate
CAMBRIDGE – As the Annual Meetings of the International Monetary Fund and the World Bank begin in Washington, DC, one member country is conspicuously absent: Venezuela. Yet there is much to be discussed about the country’s finances. Indeed, a sovereign-debt crisis is inevitable.
All major sovereign-debt crises of the past – including in Mexico and Greece – have generated changes in the rules, jurisprudence, or strategies adopted by debtors, creditors, and international financial institutions. Most recently,… Read more about Restructuring Debt in the Dark
Venezuela’s problems are self-inflicted and the country will only recover if it mends its ways. However, there is much that the rest of the world could do to help Venezuela out of its current crisis.
How did we get here? Unfortunately the former president Hugo Chávez did not use the massive oil price boom between 2004 and 2013 to put money aside for a rainy day but instead, over-spent and quintupled the public foreign debt. This left the country in a vulnerable position because when the price of oil declined in 2014 the country was… Read more about Venezuela Needs International Assistance to Recover