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...

Read more about Expert View: Government-led Innovation

Symposium to Feature Innovative Ideas on Inclusive Growth

September 24, 2015

Cambridge, Massachusetts – Harvard's Center for International Development (CID), the MasterCard Center on Inclusive Growth, and the World Economic Forum's Meta-Council on Inclusive Growth are hosting the 1st Symposium on Inclusive Growth and Development on October 1-2, 2015 at Harvard Kennedy School (HKS). The Symposium is part of a collaboration to find sustainable and...

Read more about Symposium to Feature Innovative Ideas on Inclusive Growth

Does Capitalism Cause Poverty?

August 21, 2015

Ricardo Hausmann - Project Syndicate

CAMBRIDGE – Capitalism gets blamed for many things nowadays: poverty, inequality, unemployment, even global warming. As Pope Francis said in a recent speech in Bolivia: “This system is by now intolerable: farm workers find it intolerable, laborers find it intolerable, communities find it intolerable, peoples find it intolerable. The earth itself – our sister, Mother Earth, as Saint Francis would say – also finds it intolerable.”

But are the problems that upset Francis the consequence of what he called “unbridled capitalism”? Or...

Read more about Does Capitalism Cause Poverty?

Back to Fundamentals in Emerging Markets

August 13, 2015

Dani Rodrik - Project Syndicate

CAMBRIDGE – Following 15 years of hype, a new conventional wisdom has taken hold: emerging markets are in deep trouble. Many analysts had extrapolated rapid growth in countries such as Brazil, Russia, Turkey, and India into the indefinite future, calling them the new engines of the world economy. Now growth is down in almost all of them, and investors are pulling their money out – prompted in part by the expectation that the US Federal Reserve will raise interest rates in September. Their currencies have tumbled, while corruption scandals and other political difficulties have overwhelmed the economic narrative in places like Brazil and Turkey.... Read more about Back to Fundamentals in Emerging Markets

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

The Diaspora Goldmine

June 25, 2015

Ricardo Hausmann for Project Syndicate

CAMBRIDGE – Many countries have substantial diasporas, but not many are proud of it. After all, people tend not to leave a country when it is doing well, so the diaspora is often a reminder of a country’s darker moments.

El Salvador, Nicaragua, and Cuba, to cite three examples, had more than 10% of their native population living abroad in 2010. And this figure does not take into account...

Read more about The Diaspora Goldmine