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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: frankw1900 who wrote (20593)	2/4/2012 5:54:15 PM
From: frankw1900	Read Replies (1) \| Respond to of 24758

This is one of the most interesting publications I'm likely to read this year! The Atlas of Economic Complexity Mapping paths to prosperity It can be downloaded here: atlas.media.mit.edu There are three parts to it: Download PDFs: Full Version (364 pages / 85.7 MB) In parts: Part I: Why, What and How & Rankings (91 pages / 8.2 MB) Part II: Country Pages (271 pages / 75.4 MB) Third part is Interactive Visualizations atlas.media.mit.edu This opens to the country your computer has its address in. Change countries from there. I got lost in this for hours. I found this because in looking at that African services company I learned that quite a number of African countries grew at a high rate right through the economic events of the last five years. Remarkable! Why? These folk have a pretty good explanation. Two reasons, according to the authors of the Atlas First these countries' productive knowledge had increased to the degree their economies had become complex enough they could grow beyond the low base they had been sitting at for a long while. Secondly, due to the new capabilities they had started trading among themselves and with India, China, and the far East in addition to their traditional markets in Europe and N America. With respect to the first point the authors have developed an Economic Complexity Index (ECI) which has predictive powers with respect to growth. Simply, if I've understood it correctly, if a country has a per capita income less than other countries with a similar ECI, then it will grow more quickly. They stick their necks out and predict growth country by country over the next few years. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge that each country holds. Our measure of productive knowledge can account for the enormous income differences between the nations of the world and has the capacity to predict the rate at which countries will grow. In fact, it is much more predictive than other wellknown development indicators, such as those that attempt to measure competitiveness, governance and education. That requires a lot of explanation and the preface and the rest of the first download has a good presentation of their arguments and methodology. I recommend reading it and then playing with the Interactive Visualizations.