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What is Capabilities: Key to Economic Growth about?

Ricardo Hausmann argues that economic development is often misunderstood due to an overemphasis on incentives while neglecting the importance of capabilities. He emphasizes that capabilities determine the options available for growth and that policies should focus on enhancing these capabilities rather than solely addressing disincentives. Hausmann calls for a shift in economic policy to prioritize the accumulation of capabilities through various strategies, including government intervention and support for

Author

Alexandra Assaf

Language

EN