Odd Lots: How Economic Complexity Explains Which Countries Become Rich

Why do some countries become rich while others stagnate? And can you predict which countries become wealthy in advance of them actually increasing their collective GDP? The answer may lie in the complexity of each nation's domestic economy.

In this episode of Bloomberg's Odd Lots podcast, Ricardo Hausmann helps Joe Weisenthal and Tracy Alloway understand what economic complexity is, how it's measured, and the process by which countries can move from being less complex to more complex over time.