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Elites and Structural Inertia in Latin America: An Introductory Note on the Political Economy of Development

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  • Mario Cimoli
  • Sebastián Rovira

Abstract

This paper deals with the idea that the production structure and knowledge diversification define the feasible set of conditions for income distribution and elite concentration. The evidence supports the notion that a diversified knowledge structure generates and distributes rents in a more equitable way. Rents are distributed according to the different competencies (skills and capabilities) and complementarities needed to produce complex products that incorporate knowledge. A production structure based on natural resources or on cheap labor generates rent-seeking behavior reinforcing that pattern and resisting structural change. The paper shed light on the role played by these factors in Latin America.

Suggested Citation

  • Mario Cimoli & Sebastián Rovira, 2008. "Elites and Structural Inertia in Latin America: An Introductory Note on the Political Economy of Development," Journal of Economic Issues, Taylor & Francis Journals, vol. 42(2), pages 327-347, June.
    • Handle: RePEc:mes:jeciss:v:42:y:2008:i:2:p:327-347
    DOI: 10.1080/00213624.2008.11507142
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    Cited by:

    1. Barragán-Ocaña, Alejandro & del-Valle-Rivera, María del Carmen, 2016. "Rural development and environmental protection through the use of biofertilizers in agriculture: An alternative for underdeveloped countries?," Technology in Society, Elsevier, vol. 46(C), pages 90-99.
    2. Lepratte, Leandro, 2011. "Sistemas sociotécnicos, innovación y desarrollo [Sociotechnical systems, innovation and development]," MPRA Paper 33559, University Library of Munich, Germany.
    3. Segundo Abrahán Sanabria Gómez, 2022. "Progreso tecnológico y desigualdades económicas: una aproximación empírica para Colombia (1974-2015)," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 41(73), pages 85-112, February.
    4. Alberto Botta, 2017. "The Complex Inequality–Innovation–Public Investment Nexus: What We (Don’t) Know, What We Should Know and What We Have to Do," Forum for Social Economics, Taylor & Francis Journals, vol. 46(3), pages 275-298, July.
    5. Wiig, Arne & Kolstad, Ivar, 2012. "If diversification is good, why don't countries diversify more? The political economy of diversification in resource-rich countries," Energy Policy, Elsevier, vol. 40(C), pages 196-203.
    6. -, 2012. "Structural change for equality: an integrated approach to development. Thirty-four session of ECLAC. Summary," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 13535 edited by Eclac.
    7. -, 2012. "Structural change for equality: an integrated approach to development. Thirty-four session of ECLAC. Summary," Documentos de posición del período de sesiones de la Comisión 13535, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Stefanović Zoran, 2014. "Evolution Of “Rules Of The Game”, Macroeconomic Dynamics And Reform Policy," Economic Themes, Sciendo, vol. 52(4), pages 480-497, December.
    9. Alberto Botta, 2010. "Economic Development, Structural Change And Natural Resource Booms: A Structuralist Perspective," Metroeconomica, Wiley Blackwell, vol. 61(3), pages 510-539, July.

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