Opinion

Is Mexico’s President a Threat to Its Democracy?

June 4, 2021

Atlas of Economic Complexity in the Wall Street Journal

The uncertainty and the ensuing pandemic have dramatically slowed business investment. Gross fixed investment from both the government and business fell 4.6% during 2019, Mr. López Obrador’s first full year in power, and then another 18.2% in 2020, according to figures from the national statistics institute. Foreign direct investment for the past two years has been down about $5 billion a year to $30 billion.

Mexico's economy has diversified substantially since opening up more than three decades ago....

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Los nuevos alcaldes necesitarán “Metroverse”

June 5, 2021

Metroverse in SDP Noticias

Después de festejar, el próximo lunes, los alcaldes electos de las principales ciudades de México tendrán que hacer frente a la realidad. Diseñarán sus estrategias de transición, conformarán sus equipos y se prepararán para iniciar sus gobiernos. Aquí hay una buena noticia para ellos.

El “Growth Lab” (laboratorio de crecimiento) de la Universidad de Harvard anunció el miércoles pasado el lanzamiento de Metroverse” , un navegador de información urbana diseñado para proporcionar datos económicos sin precedentes para más de 1,000...

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Is Green Development an Oxymoron?

June 1, 2021

Ricardo Hausmann for Project Syndicate

Decarbonization will transform global production and trade patterns so radically that new growth opportunities are bound to arise for the Global South. The goal for them should not be to stop global warming by restricting domestic emissions, but rather to carve out a role for themselves in a rapidly greening world economy.

Global Vaccine Leadership Wanted

April 30, 2021

Ricardo Hausmann for Project Syndicate

We should be planning to vaccinate the world annually, but we are on track to take twice as long, not least because vaccine developers are withholding their intellectual property so that they can recoup costs. Yet there is a straightforward solution that would leave everyone better off.

The Individual Failings of Economics

March 31, 2021

Ricardo Hausmann for Project Syndicate

In recent decades, economics has gone from defining itself as a set of questions to defining itself as a set of methods, all based on individuals making decisions. By doing so, it has undermined its own ability to make progress.

Brazilian Debt Jitters

March 29, 2021

Frank Muci for Project Syndicate

Brazil seems determined to test the limits of financial markets' tolerance for debt accumulation. It is not hard to come up with scenarios in which the country's debt burden reaches 125% of GDP or more by 2025.

Lockdown fatigue: The declining effectiveness of lockdowns

March 30, 2021

Patricio Goldestein for VoxEU

Non-pharmaceutical interventions have been key to containing the impact of the COVID-19 pandemic. This column examines whether the effectiveness of lockdowns on the virus’s spread and death toll has changed over the past year, using data from 152 countries from the onset of the pandemic through 31 December 2020. Initially, lockdowns are associated with a significant reduction in the spread of the virus and the number of related deaths, but this effect declines over time. Lockdown does not work as a continuous containment policy in the...

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8 Questions with Ricardo Hausmann

March 21, 2021

Ricardo Hausmann with Age of Economics

This interview series is aimed at addressing fundamental issues related to global capitalist civilization with 8 basic questions. The objectives of this project are to shed light on the most salient challenges facing human civilization, explore the role of economics and the inner workings of capitalism, and heighten people’s awareness of both the economic system in which they live and work, and the role of economics in understanding this ever-changing system.

El atlas que Pedro Sánchez debe consultar

February 24, 2021

The Atlas of Economic Complexity in El Mundo

Hay una herramienta económica que debería ocupar un lugar central en la definición de los proyectos que aspiren a los fondos europeos de recuperación y resiliencia que gestiona el Gobierno: el Atlas de Complejidad Económica, un proyecto de la Universidad de Harvard que coloca las capacidades industriales y los conocimientos técnicos de un país en el centro de sus perspectivas de crecimiento. Este mapa permitiría concentrar esfuerzos en sectores con alto potencial para el país.

The Missing Link in Economic Development

December 29, 2020

Ricardo Hausmann for Project Syndicate

Like the proverbial man with a hammer who sees every problem as a nail, economists study the world through the lens of incentives, and have developed a rich understanding of how market participants make decisions. But although incentives are important, developing countries must do more than institute the right ones.

Can Cheap Countries Catch Up?

February 1, 2021

Ricardo Hausmann for Project Syndicate

CAMBRIDGE – Poor countries are cheap. In 2019, a dollar could buy more than twice as much in Argentina, Morocco, South Africa, and Thailand as it could in the United States. It could buy more than three times as much in Vietnam, India, and Ukraine, and more than four times as much in Afghanistan, Uzbekistan, and Egypt. If a country is cheap, it should be more competitive and thus able to catch up with richer...

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Miami Trumps Biden

December 3, 2020

Ricardo Hausmann and José Morales-Arilla for Project Syndicate

Joe Biden achieved a decisive victory in the US presidential election, beating Donald Trump by over six million votes nationwide. Powered by suburban voters, especially women, the Democratic candidate took back Pennsylvania, Michigan, and Wisconsin, which Trump won in 2016, flipped Arizona and Georgia, and garnered 306 of the 538 Electoral College votes.

But one key swing state where Trump performed better than he did four years ago was Florida – especially in its most heavily Hispanic sections...

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The Coming Equity Shortage

October 9, 2020

Ricardo Hausmann for Project Syndicate

Let’s be optimistic and assume that one or more of the 11 COVID-19 vaccines currently undergoing Phase 3 clinical trials are found to be safe and effective by early 2021. Let us also assume that production can be ramped up quickly, so that countries can vaccinate a significant part of their populations by late next year.

In this rosy scenario, the current “special period,” when social distancing severely restricts economic activities – from schools to universities, restaurants to airlines, concerts to sports events,...

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Exploring the Uncharted Export

November 30, 2016

Michele Coscia

Exporting goods is great for countries: it is a way to attract foreign currency. Exports are also fairly easy to analyze, since they are put in big crates and physically shipped through borders, where they are usually triple checked*. However, there is another way to attract foreign currency that escapes this analytical convenience. And it is a huge one. Tourism. When tourists get inside your country, you are effectively exporting something: anything that they buy. Finding out exactly what and how much you’re exporting is tricky. Some things are easy:...

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Do We Look Down on the Less Educated?

September 12, 2020

Eric Protzer - New York Times/Letters to the Editor

To the Editor:

Michael Sandel’s suspicion of meritocracy is misplaced. The working class in fact prizes success, wealth, status and fame. They want it for themselves and, more important, for their children and their children’s children.

What many members of the working class and increasingly also the middle class are furious about, and what politicians like Donald Trump have tapped into, is the broken promise of the American dream. Forty years of deeply unfair economic policy...

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