building blocks of economic complexity

For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an increase in the number of individual activities and with the complexity that emerges from the interact...

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Veröffentlicht in:	Proceedings of the National Academy of Sciences - PNAS 2009-06, Vol.106 (26), p.10570-10575
Hauptverfasser:	Hidalgo, César A, Hausmann, Ricardo
Format:	Artikel
Sprache:	eng
Schlagworte:	Algorithms Children Commerce - economics Construction toys Developed Countries Developing Countries Division of labor Economic development Economic growth Economics Exports Gross domestic product Humans Income level Industry - economics International Cooperation International economics Labor economics Labor supply Models, Economic Physical Sciences Purchasing power parity Smith, Adam (1723-90) Social Sciences Wealth
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