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Economics

Economic Complexity Index and Export Sophistication

Quick fact

Japan, with virtually no natural resources, ranks among the most economically complex countries, while oil-rich nations often rank low on the Economic Complexity Index.

Why this is interesting

Why do some countries with abundant natural resources stay poor, while others with few resources become wealthy? The secret might lie not in what a country has, but in what it knows—and that knowledge is written in its exports.