GEM13: Ricardo Hausmann on the Puzzle of Development

[@LechuzaPrecoz]

Brilliant professor.

[@ishmaelliwanda8921]

Brilliant lecture, a plethora of insights in such a short space of time

[@ltrinhmuseum]

WOW! World-changing knowlegde right here!

[@bensalahanass1531]

how can we get in touch with Professor Haussman ?

[@herp_derpingson]

I think instead of saying, "Countries shouldnt focus but diversify their exports." Maybe a better way of putting it will be, "Countries should focus on creating products higher up in the tech tree."

[@emmanuelameyaw9735]

It is not schooling or money. It is productive schooling and productive money. Schooling does not lead to one-to-one increase in productivity because some resources are fixed. And how does this theory explain the disparity between Ghana and South Korea...both poor countries in 1960.

[@12345wwww]

Barking up the wrong tree. It is widely agreed that destructive governments destroy the incentive the produce. If you look at India, it was impeded by an exploitative caste system, a colonial plunderer, and a destructive socialist planning system. It grew only after market reforms in the early 1990s. The Indian success story is told over and over again in different countries. For example, modern China was embroiled in wars until 1949, and prospered only after 1990s by ditching socialist planning. Thus, the acquisition of knowledge is an effect, not a cause.

[@E_Harekrishna]

Really sad I'm watching this after 8 years

[@tuckerbugeater]

Did he save the world?