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Rethinking Productive Development

In: Rethinking Productive Development

Author

Listed:
  • Gustavo Crespi

    (University of Chile
    Sussex University)

  • Eduardo Fernández-Arias

    (University of California)

  • Ernesto Stein

    (University of California)

Abstract

Latin America and the Caribbean is a middle-income region. The typical country in the region has an income per capita about 25 percent above the typical country in the world, but 80 percent below the income per capita of an advanced country like the United States.1 The region’s relative position is declining: 50 years ago, it was much better off than it is today compared to the rest of the world (ROW), and despite recent strides, it has been unable to converge with respect to the United States (Figure 1.1). Why is the region so much poorer than the advanced countries in the world? Why is the region lagging behind while other parts of the world are catching up with the leaders? And most important, what can the region do about it?

Suggested Citation

  • Gustavo Crespi & Eduardo Fernández-Arias & Ernesto Stein, 2014. "Rethinking Productive Development," Palgrave Macmillan Books, in: Gustavo Crespi & Eduardo Fernández-Arias & Ernesto Stein (ed.), Rethinking Productive Development, chapter 1, pages 3-31, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-39399-9_1
    DOI: 10.1057/9781137393999_1
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    Citations

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    Cited by:

    1. Boneu, Franco & Giuliodori, David & Maffioli, Alessandro & Rodríguez, Alejandro & Stucchi, Rodolfo, 2014. "The spillover effects of the ICT cluster support in Córdoba," MPRA Paper 60307, University Library of Munich, Germany.
    2. Lage de Sousa, Filipe & Ottaviano, Gianmarco I.P., 2018. "Relaxing credit constraints in emerging economies: The impact of public loans on the productivity of Brazilian manufacturers," International Economics, Elsevier, vol. 154(C), pages 23-47.
    3. Eduardo FERNANDEZ-ARIAS & Jiajun XU, 2020. "Effective development banking: loans or guarantees?," Working Paper 2fcdfcfb-d113-44d8-9e02-6, Agence française de développement.
    4. Castillo, Victoria & Figal-Garone, Lucas & Maffioli, Alessandro & Rojo, Sofia & Stucchi, Rodolfo, 2016. "The Effects of Knowledge Spillovers through Labor Mobility," MPRA Paper 69141, University Library of Munich, Germany.
    5. Bellandi, Marco & Chaminade, Cristina & Plechero, Monica, 2018. "Transformation paths and the multi-scalarity of knowledge bases under Industry 4.0 challenges," Papers in Innovation Studies 2018/14, Lund University, CIRCLE - Centre for Innovation Research.
    6. Fierro Carrión, Luis & Bercovich, Néstor & Paton, Jonatan & Del Castillo, Jaime, 2018. "Contribution of cluster strategies and inter-cluster cooperation for the competitive progress of the EU and LAC," MPRA Paper 87274, University Library of Munich, Germany.
    7. María Franco Chuaire & Carlos Scartascini & Mariano Tommasi, 2017. "State capacity and the quality of policies. Revisiting the relationship between openness and government size," Economics and Politics, Wiley Blackwell, vol. 29(2), pages 133-156, July.
    8. Carlo Pietrobelli & Roberta Rabellotti & Ari Van Assche, 2021. "Making sense of global value chain-oriented policies: The trifecta of tasks, linkages, and firms," Journal of International Business Policy, Palgrave Macmillan, vol. 4(3), pages 327-346, September.

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