August 14, 2023· 51 min

How Economic Complexity Explains Which Countries Become Rich

Orality
Model
87%
Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostJoe Weisenthal(1,777 words)
M:94%
HostTracy Alloway(1,126 words)
M:28%
GuestRicardo Hausmann(5,591 words)
M:27%

Oral Indicators

Agonistic26%
basically, very, totally
Engagement61%
you, our, your
Memory Aids100%
listen, so, now
Repetition100%
they (86x), like (80x), things (63x)
Parallelism100%
So why would I pay for stuff I..., And I'm Tracy Alloway...., And it never clicked....
Sound Patterns80%
76 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases8%
let me tell you, you know what, i mean

Literate Indicators

Hedging8%
fairly, probably, relatively
Passive Voice5%
be characterized, is needed, be given
Abstract Nouns17%
investment, business, verizon.com/business
Subordination5%
because, consequently, since
Sentence Length38%
Avg: 14.6 words/sentence
Word Complexity48%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style39%
580 personal pronouns found
Descriptive Style66%
exactly, apply, monthly

Description

Why do some countries become rich while others stagnate? And can you predict which countries become wealthy in advance of them actually increasing their collective GDP? The answer may lie in the complexity of each nation's domestic economy. On this episode we speak with Ricardo Hausmann, a professor and director of the Growth Lab at Harvard University. He helps us understand what economic complexity is, how it's measured, and the process by which countries can move from being less complex to more complex over time. See omnystudio.com/listener for privacy information.