economic complexity

Image: Atlas of Economic Complexity

The products we use everyday are complex combinations of specialized knowledge.

Harvard and MIT released a report, "The Atlas of Economic Complexity," visually mapping the vast knowledge contained within the products we use. And then they show how complex products benefit a country's economy and growth.

Simple products are natural resources that require less people with specialized knowledge, such as oil or soybeans.

Complex products require many people with specialized knowledge to research, design, develop, and invent, such as cars and computers.

Each person with specialized knowledge is a personbyte. Add these people together to get peoplebytes. Get the the right mix of peoplebytes, and a country's Economic Complexity Index (ECI) increases, as well as their economy and contribution to global growth.