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Article

Country Case Studies in Economic Fitness: Mexico and Brazil

International Finance Corporation, World Bank Group, Washington, DC 20433, USA
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Entropy 2018, 20(10), 753; https://doi.org/10.3390/e20100753
Received: 24 August 2018 / Revised: 14 September 2018 / Accepted: 27 September 2018 / Published: 1 October 2018
(This article belongs to the Special Issue Economic Fitness and Complexity)
We leverage a new complexity framework called Economic Fitness, which characterizes an economy’s level of diversification and its capabilities to produce more complex products. It can be used to predict economic growth and competitiveness. This paper describes an application of Economic Fitness called the Country Opportunity Spotlight (COS) that assesses a country’s current level of capabilities and demonstrates which industries have upgrade and diversification potential given those capabilities. It helps unlock the explanatory and predictive power of Economic Fitness for policymakers. COS results serve as a starting point for policymakers to shape and validate priorities, compare countries, asses the capabilities needed in specific industries and begin identifying constraints to growth. We showcase the use of this framework for Mexico and Brazil. These countries provide an interesting case study, as they have similar growth outlooks yet demonstrate different productive capabilities. Examining Mexico and Brazil side by side illustrates the value this analysis can have on deciphering structural change and decision making and at the same time reinforces the need for a nuanced consideration of each country’s unique context. View Full-Text
Keywords: economic complexity; public policy; development economics; economic fitness; development strategy; industrial diversification economic complexity; public policy; development economics; economic fitness; development strategy; industrial diversification
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MDPI and ACS Style

Roster, K.; Harrington, L.; Cader, M. Country Case Studies in Economic Fitness: Mexico and Brazil. Entropy 2018, 20, 753. https://doi.org/10.3390/e20100753

AMA Style

Roster K, Harrington L, Cader M. Country Case Studies in Economic Fitness: Mexico and Brazil. Entropy. 2018; 20(10):753. https://doi.org/10.3390/e20100753

Chicago/Turabian Style

Roster, Kirstin, Luciana Harrington, and Masud Cader. 2018. "Country Case Studies in Economic Fitness: Mexico and Brazil" Entropy 20, no. 10: 753. https://doi.org/10.3390/e20100753

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