Use Subsidies to Attract Certain Abilities
Channel: World Bank Group Jobs
Date: 2012-06-07

Ricardo Hausmann, Director of the Center for International Development at Harvard University, discusses if governments should use subsidies to attract certain economic skills and industries to their countries.

He says that making certain kinds of products require a certain type of facility or infrastructure, which levels the economic playing field and requires some subsidies, but all new investments come with other concerns and should be carefully considered by policymakers.