Ricardo Hausmann on How Economies Grow

The Good Fight

Yascha Mounk

News

4.6 • 907 Ratings

🗓️ 10 February 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yascha Mounk and Ricardo Hausmann discuss development economics and how globalization has changed the nature of knowledge. Ricardo Hausmann is an economist and the founder and Director of Harvard’s Growth Lab and the Rafik Hariri Professor of the Practice of International Political Economy at Harvard Kennedy School. Hausmann has also served as Minister of Planning of Venezuela (1992-1993) and on the Board of the Central Bank of Venezuela. In this week’s conversation, Yascha Mounk and Ricardo Hausmann discuss the effect of globalization on social stratification; how “brain drains” and immigration can have counterintuitive effects on growth; and why we may often overrate the economic effects of corruption. This transcript has been condensed and lightly edited for clarity. Please do listen and spread the word about The Good Fight. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: [email protected] Website: http://www.persuasion.community Podcast production by Jack Shields, and Brendan Ruberry Connect with us! Spotify | Apple | Google Twitter: @Yascha_Mounk & @joinpersuasion Youtube: Yascha Mounk LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	BAM, picture this! You're watching your favorite artist,
0:03.4	play. Not that artist!
0:05.4	Ha ha, yeah, that's you!
0:08.0	You look down at the red can in your hand, or is it?
0:11.4	No, it's a Pepsi Max.
0:13.0	The COLA over 70% of the UK prefer.
0:16.0	You props prefer it too. Go on, try it.
0:19.0	Pepsi Max. Lastly for more.
0:23.0	UK Blind Taste Test with over 54,000 people versus UK's biggest selling full sugarcola.
0:27.6	For verification go to Pepsi.
0:28.9	Code at UK slash FAQ.
0:30.6	It is extremely hard to educate society, but it's something that the world has done.
0:37.0	It's amazing.
0:38.0	If you look at all indicators of education, there's been massive convergence in the percentage of people with high school
0:46.1	degrees and the percentage of people with college degrees with
0:49.1	postdoctoral degrees. I come from Latin America and Latin America has converged in all of these
0:55.2	dimensions. Latin America has converged in a bunch of other
0:58.4	sociographic dimensions. It's more urbanized. Female labor force participation is has
1:04.9	converged with US levels. Fertility rates have converged with US levels.
1:09.0	All these other dimensions of of development they have converged with US levels,
1:13.8	incomes per capita have not.
1:16.1	And now the good fight with Yasha Monk. My guest today is Ricardo Houseman.
	...

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