NEWS/OPINION

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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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...

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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...

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The Education Myth

May 31, 2015

Ricardo Hausmann for Project Syndicate

TIRANA – In an era characterized by political polarization and policy paralysis, we should celebrate broad agreement on economic strategy wherever we find it. One such area of agreement is the idea that the key to inclusive growth is, as then-British Prime Minister Tony Blair put in his 2001 reelection campaign, “education, education, education.” If we broaden access to schools and improve their quality, economic growth will be both...

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India's Economic Revival Confirmed By New Harvard University Study

May 20, 2015

Forbes

The rise of India as an Asian economic powerhouse is getting harder to ignore with a research team at Harvard University predicting that India could soon be growing at close to twice the annual rate of its arch-rival, China.

Unusual in its method the Center for International Development (CID) uses “economic complexity,” as found in a country’s mix of exports, as a tool for tipping future growth.

In India’s case the export-...

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New Growth Projections Predict the Rise of India, East Africa and Fall of Oil Economies

New Growth Projections Predict the Rise of India, East Africa and Fall of Oil Economies

May 7, 2015

 – South Asia and East Africa top the list, while oil-driven economies face the sharpest fall in new growth projections and rankings of productive dynamism for 128 countries, as presented by researchers at the Center for International Development at Harvard University (CID). Using their own measure of economic complexity that captures the productive capabilities embedded in a country’s exports, CID researchers paint a new picture of the economic growth landscape, which foresees growth in emerging markets to...

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New Growth Projections Predict the Continued,  Uneven Slowdown of Latin America

New Growth Projections Predict the Continued, Uneven Slowdown of Latin America

May 7, 2015

– After a decade lagging behind South America in economic growth, Mexico and Central America are now poised to lead the region, according to new projections presented by researchers at the Center for International Development at Harvard University (CID). At the opposite end, the more commodity-driven economies of South America, especially Venezuela, Chile, and Ecuador, hold the lowest growth potential. Using their own measures of economic complexity, CID researchers show that the diversity and sophistication of the products a...

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Secular Stagnation for Free

March 27, 2015

Ricardo Hausmann for Project Syndicate

CAMBRIDGE – Something is definitely rotten in the state of capitalism. Despite unprecedentedly low interest rates, investment in most advanced countries is significantly below where it was in the years prior to the 2008 crisis, while employment rates remain stubbornly low. And even investment in the pre-crisis period was unimpressive, given low prevailing interest rates.

For...

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