The atlas of economic complexity : mapping paths to prosperity /
Ricardo Hausmann, César A. Hidalgo, Sebastián Bustos, Michele Coscia, Alexander Simoes, Muhammed A. Yıldırım
- Cambridge, Massachusetts : The MIT Press, 2013
- 367 pages : color illustrations ; 32 cm
Includes bibliographical references.
What do we mean by economic complexity? How do we measure economic complexity? Why is economic complexity important? How is complexity different from other approaches How does economic complexity evolve? How can this atlas be used? Which countries are included in this atlas? Economic complexity index Complexity outlook index Expected growth in per capita GDP to 2020 Expected GDP growth to 2020 Change in economic complexity (1964-2010) Country pages : Albania (to) Zimbabwe
Why do some countries grow and others do not? Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the Product Space, the authors are able to identify each country's adjacent possible, or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options
Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling.
Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.