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S3 Ep23: Globalisation and the ladder of development

VoxDev Development Economics

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The Implications of Economic Growth on Complexity

Economic growth means you start to trade more complex goods. That's a kind of very kind of standard force. And there, from policy perspective, there isn't many ramifications. This is efficient. The government shouldn't really be intervening. But what the market determines is not necessarily going to be efficient. There's room for government intervention in particular. If there are these good sectors, you typically want to be promoting those good sectors and grow faster.

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