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Missed opportunities - innovation and resource-based growth in Latin America

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  • Maloney, William F.

Abstract

Latin 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 Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 2935.

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Date of creation: 31 Dec 2002
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Handle: RePEc:wbk:wbrwps:2935

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Keywords: 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;

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References

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  1. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
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  5. Kiminori Matsuyama, 1991. "Agricultural Productivity, Comparative Advantage and Economic Growth," NBER Working Papers 3606, National Bureau of Economic Research, Inc.
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  7. Osmel Manzano & Roberto Rigobon, 2001. "Resource Curse or Debt Overhang?," NBER Working Papers 8390, National Bureau of Economic Research, Inc.
  8. Blomström, Magnus & Kokko, Ari, 2002. "From Natural Resources to High-Tech Production: The Evolution of Industrial Competitiveness in Sweden and Finland," EIJS Working Paper Series 139, The European Institute of Japanese Studies.
  9. Martin, Will & Mitra, Devashish, 1999. "Productivity growth and convergence in agriculture and manufacturing," Policy Research Working Paper Series 2171, The World Bank.
  10. Douglas A. Irwin, 2000. "How Did the United States Become a Net Exporter of Manufactured Goods?," NBER Working Papers 7638, National Bureau of Economic Research, Inc.
  11. Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
  12. Murat F. Iyigun & Ann L. Owen, 1999. "From indoctrination to the culture of change: technological progress, adaptive skills, and the creativity of nations," International Finance Discussion Papers 642, Board of Governors of the Federal Reserve System (U.S.).
  13. Auty, Richard M., 2001. "The political economy of resource-driven growth," European Economic Review, Elsevier, vol. 45(4-6), pages 839-846, May.
  14. Scott Stern & Michael E. Porter & Jeffrey L. Furman, 2000. "The Determinants of National Innovative Capacity," NBER Working Papers 7876, National Bureau of Economic Research, Inc.
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  16. Daniel Lederman & William Maloney, 2002. "Open Questions about the Link Between Natural Resources and Economic Growth: Sachs and Warner Revisited," Working Papers Central Bank of Chile 141, Central Bank of Chile.
  17. Jonathan H. Conning, 2002. "Latifundia Economics," Department of Economics Working Papers 2001-08, Department of Economics, Williams College.
  18. Stephen L. Parente & Edward C. Prescott, 2002. "Barriers to Riches," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262661306, January.
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Citations

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Cited by:
  1. Howitt, Peter & Mayer-Foulkes, David, 2005. "R&D, Implementation, and Stagnation: A Schumpeterian Theory of Convergence Clubs," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(1), pages 147-77, February.
  2. Halvor Mehlum & Karl Moene & Ragnar Torvik, 2006. "Cursed by Resources or Institutions?," The World Economy, Wiley Blackwell, vol. 29(8), pages 1117-1131, 08.
  3. Hallward-Driemeier, Mary & Wallsten, Scott & Lixin Colin Xu, 2003. "The investment climate and the firm : firm-level evidence from China," Policy Research Working Paper Series 3003, The World Bank.
  4. Walker, M.I. & Minnitt, R.C.A., 2006. "Understanding the dynamics and competitiveness of the South African minerals inputs cluster," Resources Policy, Elsevier, vol. 31(1), pages 12-26, March.
  5. Jeroen Klomp & Jakob Haan, 2013. "Political Regime and Human Capital: A Cross-Country Analysis," Social Indicators Research, Springer, vol. 111(1), pages 45-73, March.
  6. Torres-Fuchslocher, Carlos, 2010. "Understanding the development of technology-intensive suppliers in resource-based developing economies," Research Policy, Elsevier, vol. 39(2), pages 268-277, March.
  7. Carlos Torres Fuchslocher, 2007. "The Role and Development of Technology-Intensive Suppliers in Resource-Based Economies: A Literature Review," GIGA Working Paper Series 60, GIGA German Institute of Global and Area Studies.
  8. Cappelen, Adne & Mjoset, Lars, 2009. "Can Norway Be a Role Model for Natural Resource Abundant Countries? Keywords: cross-section models, economic development, natural resources, resource booms," Working Paper Series rp2009-23, World Institute for Development Economic Research (UNU-WIDER).
  9. Lederman, Daniel & Maloney, William F., 2003. "Trade structure and growth," Policy Research Working Paper Series 3025, The World Bank.

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