I think instead of saying, "Countries shouldnt focus but diversify their exports." Maybe a better way of putting it will be, "Countries should focus on creating products higher up in the tech tree."
It is not schooling or money. It is productive schooling and productive money. Schooling does not lead to one-to-one increase in productivity because some resources are fixed. And how does this theory explain the disparity between Ghana and South Korea...both poor countries in 1960.
Brilliant professor.
WOW! World-changing knowlegde right here!
Brilliant lecture, a plethora of insights in such a short space of time
how can we get in touch with Professor Haussman ?
I think instead of saying, "Countries shouldnt focus but diversify their exports." Maybe a better way of putting it will be, "Countries should focus on creating products higher up in the tech tree."
It is not schooling or money. It is productive schooling and productive money. Schooling does not lead to one-to-one increase in productivity because some resources are fixed. And how does this theory explain the disparity between Ghana and South Korea...both poor countries in 1960.
Really sad I'm watching this after 8 years
Did he save the world?