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[13 Jun 2012 | No Comment | ]
Mexico is One of the Most Complex Economies in the World.

In Harvard University’s recent study “The Atlas of Economic Complexity: Mapping Paths to Prosperity”, Ricardo Hausmann and Carlos Hidalgo found that Mexico is within the select group of countries with one of the most complex economies in the world. According to the authors, there is a group of countries that manufactures products requiring a superior level of complexity in theirproduction chain, compared to other type of goods (such as commodities). Economies become more complex as they require more diverse types of competencies and specific knowledge to produce more sophisticated products with greater value added,and are not just growing by trading on increased quantity. From this point of view, economies …