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...
Read more about Beyond the Present: Turkey's Options for Economic Growth