While developing countries have been catching up to their richer counterparts on some key metrics, they appear to be falling behind on others. Most worrisome is a growing gap in the local capabilities needed to make the most of new technological innovations.
Vigorous economic competition certainly has a place in today’s world. But economists may currently be overly reliant on this default approach, attributing to a lack of discipline outcomes that may instead result from insufficient solidarity and concern.
Ricardo Hausmann, Growth Lab research in Daily Maverick
The economist Ricardo Hausmann has set out very clearly what an economy like South Africa can do to work its way out of the current crisis. Hausmann and his team of MIT-Harvard economists developed an enormous dataset contained in theAtlas of Economic Complexity, freely available on the internet.
The concept of economic complexity holds that wealth is created not so much by one particular industry, but by a dense network of industrial...
Ricardo Hausmann in the European External Action Service (EEAS) blog
Last Monday we asked Ricardo Hausmann, Professor at the Harvard Kennedy School, to give a presentation to several hundred EEAS staff members about the global dynamics of the COVID-19 pandemic and the way out. We need indeed to draw inspiration from the most advanced thinking from academia and think tanks.