Ricardo Hausmann (2/3): Subsidies for Foreign or Domestic Innovators?
Channel: World Bank Group Jobs
Date: 2012-06-07

Ricardo Hausmann
Director of the Center for International Development, Harvard University

Hausmann discusses how to solve the chicken-or-egg problem of developing new economic skill sets in markets without an existing industry to train new workers.

He says the key to accumulating productive knowledge in economies is finding paths to solving this problem through collaborating with other markets and economies. 

To Hausmann, Development strategies are not about being brilliant policymakers with all the answers, they are more about being responsive when needs arise in their countries and flexible in finding other economies to learn from.