COMPLEXITY cover image

Ricardo Hausmann & J. Doyne Farmer on Evolving Technologies & Market Ecologies (EPE 03)

COMPLEXITY

NOTE

Complex Places Can Sustain More Words

Countries with limited resources like Venezuela, heavily dependent on the oil industry, face severe consequences when the main industry encounters issues. In contrast, cities like New York, with diverse industries, can withstand the impact of a single industry crisis. The complexity of a place, determined by the variety of its industries, enables it to adapt and remain resilient to economic changes.

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