How Economic Complexity Explains Which Countries Become Rich
Odd Lots14 Aug 2023

How Economic Complexity Explains Which Countries Become Rich

Why do some countries become rich while others stagnate? And can you predict which countries become wealthy in advance of them actually increasing their collective GDP? The answer may lie in the complexity of each nation's domestic economy. On this episode we speak with Ricardo Hausmann, a professor and director of the Growth Lab at Harvard University. He helps us understand what economic complexity is, how it's measured, and the process by which countries can move from being less complex to more complex over time.

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