Purpose and Related Articles

The Network View of Economic Development
Mango Fund’s theory of change for economic development is linked to the "Network View of Economic Development" by Cesar A. Hidalgo and Ricardo Hausmann, which states that countries tend to develop new products and services based on the products and inputs already available in the local market. Therefore our approach emphases that:

  • A healthy economy is the outcome of healthy businesses.
  • Promoting value addition in local markets grows the local capital base.
  • The development of more advanced technical skills within local markets facilitates entry to larger regional and global markets.

A Network View of Economic Development by Cesar A. Hidalgo and Ricardo Hausmann

A more nuanced view of development should concentrate on understanding how nations develop different industries and products, rather than trying to predict how they accumulate capital.



Doing Growth Diagnostics in Practice by Ricardo Hausmann, Bailey Klinger, Rodrigo Wagner

"This paper is meant to be a ‘mindbook’, suggesting how to think about the problem of identifying a country’s constraints to growth."



When Is Doing Business With The Poor Good - For The Poor? by Herman B. Leonard

"Part of the challenge of socially valuable entrepreneurship focused on the Bottom of the Pyramid (BoP) is to design products and ventures in a way that serves the larger social interests..."