Blog · Professional

Journal Entry, Diversification and Structural Transformation for Growth and Stability in LICs

Written on Thursday, February 21, 2013
UK AID Event hosted at the International Monetary Fund, HQ2 Conference Hall 2

This conference provided a forum for discussion regarding the latest research on the structural transformation process in low-income countries (LICs), and facilitated the exchange of views among researchers and policymakers.

Inside the IMF
Inside the IMF
Mr. Ricardo Hausmann, Opening Remarks
Mr. Ricardo Hausmann, Opening Remarks
Introductions for Mr. Kaushik Basu
Introductions for Mr. Kaushik Basu
My badge
My badge

Overall, my favorite speaker was Mr. Hausmann. His opening remarks and research captured my interest and eye. Perhaps it was because he was the first one up and I had just caught my first whiff of coffee but I thoroughly enjoyed his presentation. His presentation regarding Ghana vs Thailand can be found hereΒ and his biography here. Mr. Hausmann spoke on his research of both countries regarding the quality and diversity of products the respective countries focused on. He detailed how to measure quality regarding key aspects, such as, motivation, estimation, calculating quality estimates and normalization.

Earlier in the month, I heard Mr. Basu speak at a CSIS event co-hosted with the World Bank and he was phenomenal speaker on development economics. I feel very fortunate to have heard him speak twice. As he was the guest lunch speaker, Mr. Basu proved to be an informative and entertaining speaker for the audiences’ enjoyment. During his presentation, Mr. Basu made sure to emphasize the a warning for economists that humans are not rationale and that ideas are stumbling road blocks.

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