Feasible opportunities analysis in the Product Space, a concept developed by Ricardo Hausmann and his team, serves as a critical tool for strategizing economic diversification policies. This approach uses the Product Space framework, which maps the global network of product exports to identify which new industries or products a country could realistically branch into, given its existing productive capabilities.

A glimpse into the theory

This methodology is premised on the concept of "economic distance" within the Product Space, where distance signifies the...

In continuing the exploration of national economic development and transitions, I attempt to review Turkey's economic trajectory through the lens of the Product Space and Revealed Comparative Advantage. The Product Space, developed by Ricardo Hausmann and his colleagues at the Harvard Kennedy School's Center for International Development, is a powerful concept and tool for understanding the dynamics of economic development and diversification. It visually represents the network of products traded in the global economy and the relationships between them, based on the idea that some...

Kazakhstan vs Turkiye:  Exports and Economic Complexity

In the evolving landscape of global trade, the economic strategies adopted by nations could significantly influence their resilience and growth prospects. This blog post embarks on a comparative review of Turkey and Kazakhstan, two economies at divergent stages of development and diversification, as reflected in their export compositions and economic complexity. Utilizing the Atlas of Economic Complexity as a primary data source, I dissect the nuances of each country's export dynamics, sectoral diversification, and...

Kazakhstan vs Turkiye:  GDP, Population, Grwoth and Savings

Comparing the growth and development trajectories of countries can provide significant insights into the effects of historical events, policy decisions, and natural factors. This article presents a comparative review of Kazakhstan and Turkey, spotlighting their economic indicators, demography, and factor accumulation. 
 

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