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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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  1. Barro, Robert J. & Sala-i-Martin, Xavier, 1995. "Technological Diffusion, Convergence and Growth," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1255, C.E.P.R. Discussion Papers.
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  13. 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, Board of Governors of the Federal Reserve System (U.S.) 642, Board of Governors of the Federal Reserve System (U.S.).
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Cited by:
  1. Lenin Balza & Osmel Manzano, 2011. "Productivity Spillover of Resource Exploitation: Evidence from Venezuelan Industrial Surveys," EcoMod2011 3262, EcoMod.
  2. Walker, M.I. & Minnitt, R.C.A., 2006. "Understanding the dynamics and competitiveness of the South African minerals inputs cluster," Resources Policy, Elsevier, Elsevier, vol. 31(1), pages 12-26, March.
  3. Jeroen Klomp & Jakob Haan, 2013. "Political Regime and Human Capital: A Cross-Country Analysis," Social Indicators Research, Springer, Springer, vol. 111(1), pages 45-73, March.
  4. Peter Howitt & David Mayer-Foulkes, 2002. "R&D, Implementation and Stagnation: A Schumpeterian Theory of Convergence Clubs," NBER Working Papers 9104, National Bureau of Economic Research, Inc.
  5. Halvor Mehlum & Karl Ove Moene & Ragnar Torvik, 2005. "Cursed by resources or institutions?," Working Paper Series, Department of Economics, Norwegian University of Science and Technology 5705, Department of Economics, Norwegian University of Science and Technology.
  6. 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.
  7. Torres-Fuchslocher, Carlos, 2010. "Understanding the development of technology-intensive suppliers in resource-based developing economies," Research Policy, Elsevier, Elsevier, vol. 39(2), pages 268-277, March.
  8. Lederman, Daniel & Maloney, William F., 2003. "Trade structure and growth," Policy Research Working Paper Series 3025, The World Bank.
  9. 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, World Institute for Development Economic Research (UNU-WIDER) rp2009-23, World Institute for Development Economic Research (UNU-WIDER).
  10. 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.

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