Phoenix Lisztomania “Amsterdam Brat Pack Mashup”
THE ATLAS OFM A P P I N G P A T H S ECONOMIC COMPLEXITY T O P R O S P E R I T Y Hausmann, Hidalgo et al.
FIGURE 2.1: Graphical explanation of diversity and ubiquity. DiversityY(kc,0): : DIVERSIT Diversity is related to the number of X-RAY MACHINES Diversity is related a country is connected products that to the number of NETHERLANDS (NLD) products that ato. This is equal to the number of country is connected to. This is equal tolinks that this country has that the number of links in the network. In this example, using a this country hasof the 2009 data, the In this subset in the network. diversityexample, using a subset ofisthe 2009 data, of Netherlands 5, that of Argentina is 3, and that of Gana is 1. the diversity of Netherlands is 5, that of Argentina is 3, and that of Gana is 1. MEDICAMENTS ARGENTINA (ARG) CREAMS AND POLISHES CHEESE Ubiquity (kp,0): GHANA (GHA) Ubiquity is is :related to the number of UBIQUITY Ubiquity is is related to the number of FROZEN FISH countries that a product is connected to. countries that a product is connected to. Thisisis equalthe number of linksof links that This equal to to the number that thisproduct hashas innetwork. In this In this this product in the the network. example, using a subset of the 2009 data, example, using a subset of the 2009 data, the ubiquity of Cheese is 2, that of Fish is the ubiquity of Cheese is 2, that of Fish is 3 3 and that of Medicaments is 1.
Table 2.2.1 and Table 2.2.2 show respectively the products that rank highest products, on the other hand, are raw minerals or simple agricultural products.and lowest in the complexity scale. The difference between the world’s most The economic complexity of a country is connected intimately to the com-and less complex products is stark. The most complex products are sophistica- plexity of the products that it exports. Ultimately, countries can only increaseted chemicals and machinery that tend to emerge from organizations where a their score in the Economic Complexity Index by becoming competitive in anlarge number of high skilled individuals participate. The world’s least complex increasing number of complex industries. TA B L E 2 . 2 . 1 : T O P 5 P R O D U C T S B Y C O M P L E X I T Y Product Code (SITC4) Product Name Product Community Product Complexity Index 7284 Machines & appliances for specialized particular industries Machinery 2.27 8744 Instrument & appliances for physical or chemical analysis Chemicals & Health 2.21 7742 Appliances based on the use of X-rays or radiation Chemicals & Health 2.16 3345 Lubricating petrol oils & other heavy petrol oils Chemicals & Health 2.10 7367 Other machine tools for working metal or metal carbide Machinery 2.05 TA B L E 2 . 2 . 2 : B O T T O M 5 P R O D U C T S B Y C O M P L E X I T Y Product Code (SITC4) Product Name Product Community Product Complexity Index 3330 Crude oil Oil -3.00 2876 Tin ores & concentrates Mining -2.63 2631 Cotton, not carded or combed Cotton, Rice, Soy & Others -2.63 3345 Cocoa beans Tropical Agriculture -2.61 7367 Sesame seeds Cotton, Rice, Soy & Others -2.58
across countries. 1.5 SVN Income per capita controlling for initial income and proportion 1 FRA CHE of natural resource exports per capita in logs  DOM NLD ITA AZE GRC QAT ESP IRL DEU USA AUT JPN KWT LBN GBR COG MWI LBY BEL NOR FIN SAU ARE CRI DNK SWE .5 PRT AGO SGP KOR BGD OMN JOR HRV HUN NZL KHM TUR HKG SVK CZE AUS CAN SRB MUS EST ROU GAB URY LVA LTU POL ISR PRY TTO LKA KAZ MDA PAN THA DZA SLV BLR 0 VEN ARG BRA CHL RUS CHN CUB TKM BWA ALBZAF MEX IRN MKD SENCOL BGR MYS MAR PHL BIH PER ECU JAM PAK NAM UKR O GTM PNG HND GEO MNG KEN TUN NGA BOL -.5 CIV MRT EGY IDN SYR IND NCC YEM MDG SDN UGA GIN CMR GHA ETH ZMB LAO UZB VNM MLI KGZ TJK TZA R2 = 0.73 -1 MOZ LBR ZWE -2 -1 0 1 2 Economic Complexity Index controlling for initial income and proportion of natural resource exports per capita in logs