Ricardo Hausmann resource rich countries like .Latin America victimized by those with superior technology Imahornfan/flickr

The Open Drains of Latin America

In developing countries, economic progress requires adapting technology that exists in other places, which necessitates engaging with those that have it. Characterizing these interactions as pure exploitation, rather than value-creating opportunities, has undermined the possibilities of many in Latin America and elsewhere.

NEW YORK – Stories are most believable when they reaffirm our prior beliefs and assumptions. If not, we tend to find them implausible.

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