Missed opportunities - innovation and resource-based growth in Latin America
AbstractLatin America missed opportunities for rapid resource-based growth that similarly endowed countries-Australia, Canada, Scandinavia-were able to take advantage of. Fundamental to this poor performance was deficient technological adoption driven by two factors. First, deficient national"learning"or"innovative"capacity, arising from low investment in human capital and scientific infrastructure, led to weak ability to innovate or even take advantage of technologicaladvances abroad. Second, the period of inward-looking industrialization discouraged innovation and created a sector whose growth depended on artificial monopoly rents rather than the quasi-rents arising from technological adoption, and at the same time undermined resource-intensive sectors that had the potential for dynamic growth.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 2935.
Date of creation: 31 Dec 2002
Date of revision:
Health Monitoring&Evaluation; General Technology; Decentralization; Public Health Promotion; Environmental Economics&Policies; Economic Theory&Research; Agricultural Research; Health Monitoring&Evaluation; General Technology; Environmental Economics&Policies;
Other versions of this item:
- William F. Maloney, 2002. "Missed Opportunities: Innovation and Resource-Based Growth in Latin America," JOURNAL OF LACEA ECONOMIA, LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
- O44 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
- I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
- D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
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