Business Talk – Professor Ricardo Hausmann discusses the global economic crisis

 ·20 Oct 2022

Professor Ricardo Hausmann is the founder and director of Harvard’s Growth Lab and is the Rafik Hariri Professor of the Practice of International Political Economy at Harvard Kennedy School.

Under his leadership, Harvard’s Growth Lab has become one of the most well-respected and influential research hubs on international development.

His scholarly contributions have also had a major impact on the study and practice of development, including his development of the Growth Diagnostics and Economic Complexity methodologies, as well as widely-used economic concepts like Dark Matter, Original Sin, and Self-Discovery.

He has been published in some of the top journals in the world, including Science, Journal of Development Economics, Journal of International Economics, Proceedings of the National Academy of Sciences, Journal of International Money and Finance, Economic Policy, and the Journal of Economic Growth.

In this episode of Business Talk, sponsored by Monocle, Hausmann explains what Harvard’s Growth Lab does and why he founded the institution.

He then talks about how the Russia/Ukraine conflict has affected the global economy and how this is likely to play out in terms of fuel and energy prices.

Hausmann also discusses how the crisis has strengthened huge Eastern markets like China and India, before unpacking the economic ramifications of the climate change agenda fading into the background.

Hausmann concludes by predicting where the global economy is heading in the future.

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Watch the full interview with Ricardo Hausmann below.

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