One of the most exciting developments in the field of economics over the past few decades has been in the sub-field of “economic complexity.” I believe that the field really strengthens our understanding about how poor nations can gradually ratchet their way from producing simple and cheap products to complex and expensive products. Richard Hausmann and Cesar Hidalgo have been at the center of this emerging field.
I recommend that you read these book/article summaries in the following order:
- “Atlas of Economic Complexity: Mapping Paths to Prosperity” by Hausmann, Hidalgo et al
- Observatory of Economic Complexity (this is a free online website displaying data related to economic complexity)
- “The Product Space Conditions the Development of Nations” by many
- “Economic Development as Self-Discovery” by Hausmann and Rodrik
- “Discovering Southern and East Africa’s Industrial Opportunities” by Cesar Hidalgo
- “Shooting High or Low: Do Countries Benefit from Entering Unrelated Activities” by many
- “Linking Economic Complexity, Institutions and Income Inequality” by Hartmann, Hidalgo et al
If there is a book that you find particularly interesting, please support the author by buying the book.