The Missing Link in Economic Development

Written by Richardo Haussmann 29 December 2020

“Like the proverbial man with a hammer who sees every problem as a nail, economists study the world through the lens of incentives, and have developed a rich understanding of how market participants make decisions. But although incentives are important, developing countries must do more than institute the right ones” (Ricardo Hausmann, 2020).

Publisher: Project Syndicate

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Categories: Multilateralism, Tools of Democracy