Found 106 article(s) for author 'Ricardo Hausmann'

The building blocks of economic complexity

The building blocks of economic complexity. Ricardo Hausmann, June 28, 2009. “For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an increase in the number of individual activities and with the complexity that emerges from the interactions between them. Here we develop a view of economic growth and development that gives a central role to the complexity of a country’s economy by interpreting trade data as a bipartite network in which countries are connected to the products they export, and show…” Link

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Here We Go Again

Here We Go Again. Ricardo Hausmann, Spring 2009, Opinion.  “Just when Latin America seemed to have overcome its chronic boom-bust cycles, the implosion on Wall Street raised new worries about instability. This time it was supposed to be different. Even as the world economy spiraled into a free fall, Latin America seemed not only poised to break the boom-bust cycle of the previous three decades—but to survive the debacle of 2008. With the economic expansion that started in 2003, the region looked stronger than it had ever been, thanks largely to the structural reforms enacted as a result of previous crises…” Link

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The Mexico Competitiveness Report 2009

The Mexico Competitiveness Report 2009. Ricardo Hausmann, 2009, Paper. “The key strengths and weaknesses of Mexico’s economic landscape are explored in a comprehensive new report co-produced by the World Economic Forum (WEF) and Harvard’s Center for International Development (CID). The Mexico Competitiveness Report 2009 was released in late June at a workshop in Mexico City attended by several top-level government officials, including Mexican President Felipe Calderón MPA/MC 2000…” Link

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The Global Gender Gap Report 2009

The Global Gender Gap Report 2009. Ricardo Hausmann, 2009, Paper. “Over the last year, the world has seen the biggest recession in almost a century. It is clear that recovery will require, among other things, the best of talent, ideas and innovation. It is therefore more important now than ever before for countries and companies to pay heed to one of the fundamental cornerstones of economic growth available to them—the skills and talent of their female human resource pool. As consumers, voters, employees and employers, women will be integral…” Link

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South Africa’s export predicament

South Africa’s export predicament. Ricardo Hausmann, September 17, 2008, Paper. “Using South Africa as an example, this article explores how the structure of production affects export diversification and economic growth. We show that the lagging process of structural transformation is part of the explanation for stagnant exports per capita in South Africa over the past 40 years. This slow structural transformation is shown to be a consequence in part of the peripheral nature of South Africa’s productive capabilities…” May require purchase or user account. Link

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The Other Hand: High Bandwidth Development Policy

The Other Hand: High Bandwidth Development Policy, Ricardo Hausmann, September 2008, Paper, Much of development policy has been based on the search for a short to do list that would get countries moving. In this paper I argue that economic activity requires a large and highly interacting set of public policies and services, which constitute inputs into the production process. This is reflected in the presence, in all countries, of hundreds of thousands of pages of legislation and hundreds of public agencies. Finding out what is the right mix of the public inputs, and more importantly, what is a valuable change from the current provision is as complex as determining what is the right mix of private provision of goods. Link

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In search of the chains that hold Brazil back

In search of the chains that hold Brazil back, Ricardo Hausmann, September 2008, Paper, This paper performs a Growth Diagnostic for Brazil. It shows that many aspects of the Brazilian economy have been improving including the macro picture, educational progress and the external front. Moreover, Brazil has many productive possibilities and high-return investments. Yet growth is hampered because of a relatively old-fashioned problem that has been solved in many other countries in the region: creating a financially viable state that does not over-borrow, over-tax or under-invest. We show that domestic saving is the binding constraint on growth and that it has a fiscal cause. Although things are trending in the right direction, the challenge is to exploit the current good times to create the fiscal basis for a sustained growth acceleration. Link

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Growth Diagnostic: Peru

Growth Diagnostic: Peru, Ricardo Hausmann, September  2008, Paper, This paper presents a growth diagnostic exercise for Peru. It notes that although Peru has recently enjoyed high rates of economic growth, this growth is actually a recovery from a significant and sustained growth collapse that began in the 1970s. Income per capita has barely recovered to its historical peak, despite significant improvements in education, infrastructure, the financial system, political stability, institutional quality, and macroeconomic sustainability. The growth collapse was caused by a decline in export earnings due to the fall in international prices and an inadequate investment regime in export activities that led to a fall in market shareLink

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Doing Growth Diagnostics in Practice: A ‘Mindbook’

Doing Growth Diagnostics in Practice: A ‘Mindbook’, Ricardo Hausmann, September 2008, Paper, This paper systematizes the implementation of the Growth Diagnostics framework. It aims to give the meta-steps that a persuasive growth diagnosis should have, and elaborates on the strategies and methods that may be used. Rather than a step-by-step instruction manual or handbook, this paper is meant to be a ‘mindbook’, suggesting how to think about the problem of identifying a country’s constraints to growth. Link

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Achieving Export-Led Growth in Colombia

Achieving Export-Led Growth in Colombia, Ricardo Hausmann, September 1, 2008, Paper, The purpose of this paper is to analyze Colombia’s experiences with and opportunities for export led growth. We first review Colombia’s growth and export performance over the past 30 years and find that the country is indeed facing an export challenge. We then go on to develop new metrics and apply them to Colombia’s export challenge. Link

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