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Economic Complexity Theory - Coggle Diagram
Economic Complexity Theory
RICARDO HAUSMANN Theory
we started with physical capital, human capital, labour ...
BUT
what explains growth is A
an exogenous factor
Hausmann is trying to explain what is A
advanced agricultural technology does not diffuse because of the nature of technology itself
tehcnology has 3 componennt
tools (drones, satelite immigary etc)
easy access - you can just buy them
Codes (knowledge)
Easy accass -> you can have all the knowledge to build an airplane
Know-how
dentist has = the ability to perfrm a task
2 more items...
the modern society has more 'know how' than 'subsistance' societies
2 more items...