Prosperity Loves Economic Complexity

2015-12-30

Government intervention in economic policy, specifically industrial and manufacturing policy, is a much-debated matter, but resent research show the correlation between proactive government intervention and sustainable economic growth. Two conclusions emerge from this line of reasoning. First, the lower the economic complexity of a nation, the more interventionist a government must be.  The second: the smaller an economy is, the more interventionist a government must be.

Full story in my 16 December 2015 article “Prosperity Loves Economic Complexity” at www.vertikals.se – JIBS’ blog on entrepreneurship, renewal and ownership.