Go through this research paper introducing and exploring the importance of “Product space” developed by Dr. Hidalgo, Dr Hausmann and others. Particularly go through their methodology and formulation (of how they calculated product distances) and the significance of the product space. You can see the growth lab website for more information and related articles if you wish https://growthlab.hks.harvard.edu/. In up to 300 words, highlight the key weakness of the product space formulation and its importance in predicting the economic diversification trajectory of countries. You can also critique the paper in general. Also propose some paths for future exploration and research if you can think of any. Submit your work as a word document or pdf titled as “your name_lit review”. For ex: “keertana_lit review.pdf”
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