My name's Ricardo, and you?

My name's Ricardo. What's yours?

Rapporteur Mr. Ricardo Cisneros (El Salvador)

Mr. Ricardo Martinez, President, Industrial Development Commission of Mexicali

Chief State Counsel, Ricardo V. Paras III

Mr. Ricardo Beltramino, Professor, University of Rosario, Buenos Aires, Argentina

Rapporteur Mr. Ricardo Cisneros (El Salvador)

Rapporteur Mr. Ricardo Cisneros (El Salvador)

Received Post Grado in Política Fiscal from Fundación Getúlio Vargas and Título Professional de Economista from Universidad Particular Ricardo Palma.

At the same meeting, the SBI agreed to consider this sub item in a contact group co chaired by Mr. Bubu Jallow (Gambia) and Mr. Ricardo Moita (Portugal).

The economic arguments for the gains from trade of course go back to David Ricardo s classic theory of comparative advantage. Countries benefit most from producing and exporting what they are relatively best at producing and exporting, and from importing what other countries are relatively better at producing.

As a result, policy disputes can become criminal. In a pernicious recent example, Venezuela s President Nicolás Maduro, in a nationally televised speech, ordered the country s attorney general and public prosecutor to take action against the Harvard economist Ricardo Hausmann for daring to ask, Should Venezuela Default?

According to the Atlas of Economic Complexity, developed by Ricardo Hausmann and colleagues at Harvard University, the 2008 gap between Greece s income and the knowledge content of its exports was the largest in a sample of 128 countries. By 2013, Greece ranked 48th in the Atlas s index of complexity of exports by far the lowest of any developed country in Europe while Argentina ranked 67th.

Finally, according to a fourth group of economists, centered around Ricardo Caballero of MIT, the problem is a global shortage of safe assets. This view translates into policies aimed at better mobilizing society s financial risk bearing capacity, and that use the public sector to outwit the forces of time and ignorance that curb willingness to engage in risky investments.

Nowhere is this more apparent than in analyses of emerging economies prospects. In the last few months, enthusiasm about these countries post 2008 economic resilience and growth potential has given way to bleak forecasts, with economists like Ricardo Hausmann declaring that the emerging market party is coming to an end.

In such a scenario, the US exports to China what Ricardo Hausmann and Federico Sturzenegger have dubbed dark matter (unaccounted assets, such as knowledge, which US corporations export through their investments), while China exports consumer goods and services to the US. But would China be happy with this division of labor?

Now that nirvana is over, where will growth come from? To answer that question, it helps to note, as Harvard University s Ricardo Hausmann has done recently, that some of the emerging economies recent growth was illusory.

To answer that question, it helps to note, as Harvard University s Ricardo Hausmann has done recently, that some of the emerging economies recent growth was illusory. Wall Street became enamored with the rapidly rising dollar value of these countries national income, but that rise had more to do with strong commodity prices and appreciating exchange rates (which raised the value of their output when measured in dollars) than with sharp increases in actual output volumes.