The Atlas of Economic Complexity by Ricardo Hausmann

The Atlas of Economic Complexity

Mapping Paths to Prosperity

Ricardo Hausmann, Cesar A. Hidalgo, Sebastian Bustos

MIT Press · Print & ebook · January 17, 2014

Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not?

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Who it’s for
Maps and country pages trace productive knowledge, complexity rankings, and potential paths to economic diversification.
Themes
Economic complexity, Productive knowledge, Economic diversification and growth
Genres
Economic Development, Macroeconomics, International Economics

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About this book

Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge.

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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. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.

The Product Space

Maps and country pages trace productive knowledge, complexity rankings, and potential paths to economic diversification.

Come here for

  • Maps placing countries in the Product Space
  • Country pages detailing capabilities and diversification options

Expect

  • Visualizations of 128 countries’ complexity and growth potential rankings
  • A guide to each country’s current capabilities and diversification options

Where it sits

Economic Development80%
Macroeconomics36%
International Economics25%

Percentages are BookFrontier’s reading of the book.

Publisher categories

  • Macroeconomics
  • International Economics
  • Library & Info Science
Authors
Ricardo Hausmann, Cesar A. Hidalgo, Sebastian Bustos
Publisher
MIT Press
Published
January 17, 2014
Format
Print & ebook
Theme
Economic complexity · Productive knowledge · Economic diversification and growth
Reading lane
Macroeconomics