Economic Complexity & Product Relatedness

The theory of Economic Complexity (EC) can be defined as the systems of knowledge and interactions which make up a country’s productive output. The Organisation for Economic Complexity (OEC) describes it best: “complex products, like medical imaging devices or jet engines, require vast amounts of knowledge that can only be accumulated in large networks of people”. In turn, the EC in such large networks requires a seemingly indefinite web of interactions between institutions, societies, and education among all else to contribute to the development of the economy.