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Technological Learning, Policy Regimes and Growth in a `Globalized' Economy: General Patterns and the Latin American Experience

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  • Carolina Castaldi
  • Mario Cimoli
  • Nelson Correa
  • Giovanni Dosi

Abstract

The aim of this work is to investigate the role played by the so-called `globalization' processes of the last couples of decades on the international patterns of technological learning and on the distribution of incomes and growth. First, we re-assess the evidence on the general patterns of the current ``globalizing'' tendencies at various levels of observation and we argue that `globalization' has not gone together with international convergence in technological capabilities and incomes. We also focus on trends related to the `ICT revolution' and we highlight the relevance of `retardation factors' in explaining the rather limited impact of this new techno-economic paradigm. The last couple of decades have also witnessed the international diffusion (or, more often, the imposition) of laissez-faire policy regimes. Their revealed impact upon technological learning and growth, however, is at best mixed, or straightforwardly negative. We exploit the case of Latin American countries to study the dramatic effect of liberalization policies. We show how these policies may produce a `vicious growth path' when a country is not able to decrease its technology gap and improve its trade balance at the same time. Indeed, the general evidence and the lessons learnt from the Latin American experience both powerfully hint at the continuing role of public policies in fostering the accumulation of technological knowledge and its economic exploitation. We suggest some taxonomies of the 'control' and 'state' variables which policies are likely to influence. We argue that policy making still has unexploited degrees of freedom and we suggest that one way to go is re-thinking the role of international and domestic markets.

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Paper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number 2004/01.

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Date of creation: 01 Jan 2004
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Handle: RePEc:ssa:lemwps:2004/01

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Cited by:
  1. Carolina Castaldi & Giovanni Dosi, 2008. "Technical Change and Economic Growth: Some Lessons from Secular Patterns and Some Conjectures on the Current Impact of ICT Technology," LEM Papers Series 2008/01, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  2. Reinert, Erik S. & Kattel, Rainer, 2004. "The Qualitative Shift in European Integration: Towards permanent wage pressures and a ‘Latin-Americanization’ of Europe?," MPRA Paper 47909, University Library of Munich, Germany.
  3. Illa, M.R., 2005. "State role on ICTs promotion in developing countries : general patterns and the Uruguayan experience," ISS Working Papers - General Series 19170, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
  4. Bruno, Randolph Luca, 2010. "Labor Market and Globalization: A Comparison of the Latin American and the East Asian Experiences in the 1980s and 1990s," IZA Policy Papers 16, Institute for the Study of Labor (IZA).

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