6min chapter

Odd Lots cover image

How Economic Complexity Explains Which Countries Become Rich

Odd Lots

CHAPTER

The Benefits of Comparing Complexity With Economics

Adam Smith said it was the division of labor that made nations rich. But how would you go about measuring what a society knows how to do? Well, let's look at what they do, because if they do something and needs that they know how to do it. So we like to measure how much a society knows in our standard measure. We've now applied it to a whole different bunch of fields, not just in exports but other things.

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