Memahami Economic complexity Index (ECI) Bagian I ECI Sebagai Indeks Pembangunan Ekonomi Berbasis Produk

Abstract

Economic system consists of 3 elements which are divided into subject, object and
institution which organized both. One method that can be used to measure effectiv-
ity and performance of this economic system is by utilising economic development
index. Among them, can be found, indices based on subject and institution ap-
proach. Meanwhile, one of the product based indices developed by The Centre for
International Development (CID) Harvard University in 2010 is called Economic
Complexity Index (ECI). This index utilises network theory analysing 2 types of
conectivity; first, the concept of complexity and ubiquity which is the linkage be-
tween a country and its products. Second, the concept of product proximity which
is the linkage among products itself. This article is trying to provide an introductory
review about economic complexity index.
Keywords: industrial policy, development index, private sector development,
export expansion, international trading, national capabilities, inovation and science