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New problems and opportunities for industrial development in Latin America

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  • Jose Miguel Benavente
  • Gustavo Crespi
  • Jorge Katz
  • Giovanni Stumpo

Abstract

The paper considers the extent to which trade liberalization, de-regulation of economic activity, privatization of public assets and more careful management of macroeco-nomic aggregates, are affecting Latin America. The background, set in import substituting industrialization, has given way to transition towards a new productive structure and new methods of organization of manufacturing activity. Part of that is the relative rise of industries based on the processing of resources. Industrial labour productivity improved in the early 1990s after a long period of stagnation, which became very apparent in the 1980s, though the achievement of an 8% per annum rate, and much shedding of labour, has been insufficient to close the gap which exists with the US. The paper comments on the difficulties of understanding transition in the context of economic theory.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Oxford Development Studies.

Volume (Year): 25 (1997)
Issue (Month): 3 ()
Pages: 261-277

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Handle: RePEc:taf:oxdevs:v:25:y:1997:i:3:p:261-277

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Cited by:
  1. S.M. Shafaeddin, 2005. "Trade Liberalization And Economic Reform In Developing Countries: Structural Change Or De-Industrialization?," UNCTAD Discussion Papers 179, United Nations Conference on Trade and Development.
  2. María Alejandra Molina, 2011. "A Sectoral System of Innovation Analysis of Technological Upgrading in the Food Processing Sector in Argentina, Brazil and Chile," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 3(2), pages 287-325, July.
  3. Katz, Jorge, 2000. "Structural Change and Labor Productivity Growth in Latin American Manufacturing Industries 1970-96," World Development, Elsevier, vol. 28(9), pages 1583-1596, September.
  4. Sanjaya Lall, . "The Technological Structure and Performance of Developing Country Manufactured Exports, 1985-1998," QEH Working Papers qehwps44, Queen Elizabeth House, University of Oxford.
  5. Molina-Domene, María A. & Pietrobelli, Carlo, 2012. "Drivers of technological capabilities in developing countries: An econometric analysis of Argentina, Brazil and Chile," Structural Change and Economic Dynamics, Elsevier, vol. 23(4), pages 504-515.
  6. Katz, Jorge, 2001. "Structural reforms and technological behaviour: The sources and nature of technological change in Latin America in the 1990s," Research Policy, Elsevier, vol. 30(1), pages 1-19, January.

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