The Emergence of Economic Development
Presenter(s): Cesar Hidalgo
Type: On Demand
Air Date: 1/22/2010
Air Time: 3:30 PM EST
Duration: 1 Hour 5 Minutes 2 Seconds
The world economy -composed of billions of products, billions of people and their interactions- is one of the most outstanding complex systems to have ever emerged. The world economy is heterogeneous and full of differences that continue to grow despite international efforts. Can we use complexity science to improve our understanding of a system of such paramount complexity? And, help improve it? In this talk I summarize recent research that uses networks to describe, characterize, understand and make economic development strategies. First, I show how the complexity of an economy can be quantified by looking at the structure of the network connecting countries to the products they export. Then, I show how development is constrained by a projection of this network into the space of products, or Product Space, by demonstrating empirically that the evolution of countries’ comparative advantage is constrained by the structure of this network. I will conclude by presenting a simple model that can account for some of the stylized facts that arise from this network description of the world economy and show how coordination problems constrain the development of poor countries and cause increasing returns to economic diversity.
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Graduate Exhibition Information Session
Presenter(s): no photo
Type: On Demand
Air Date: 1/19/2010
Air Time: 5:00 PM EST
Duration: 48 Minutes 33 Seconds
Graduate Exhibition Subcommittee
An information session for students interested in participating in the 2010 Graduate Exhibition
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Looking Back...Looking Forward
Presenter(s): Dean Eaton
Type: On Demand
Air Date: 1/8/2010
Air Time: 9:15 AM EST
Duration: 33 Minutes 21 Seconds
Dean Eaton will give a "personal take" on how libraries have changed since she became a librarian and where she thinks they are heading.
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