Contagious disruptions and complexity traps in economic development
NATURE HUMAN BEHAVIOUR, pp. 665.0-672, 2017.
Poor economies not only produce less; they typically produce things that involve fewer inputs and fewer intermediate steps. Yet the supply chains of poor countries face more frequent disruptions-delivery failures, faulty parts, delays, power outages, theft and government failures-that systematically thwart the production process. To under...More
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