IDEAS home Printed from https://ideas.repec.org/a/bla/glopol/v12y2021i3p410-413.html

Mañana Today: A Long View of Economic Value Creation in Latin America

Author

Listed:
  • Enrique García R
  • Alvaro Mendez

Abstract

This commentary concerns the significant opportunities which the global economy’s current nearshoring trend offers the Latin American and Caribbean (LAC) region owing to a US–China decoupling. Yet the region, generally, is woefully unprepared. The state of the LAC will make or break the peoples’ attempts to exploit the new potential to better themselves. Yet the short‐termist myopia and public policy neglect of politicians is the greatest obstacle to the kind of development the region needs the most: high‐quality FDI enabling educated innovators to push LAC up the rank of global value chains; or else it will be trapped in middle income, at best.

Suggested Citation

  • Enrique García R & Alvaro Mendez, 2021. "Mañana Today: A Long View of Economic Value Creation in Latin America," Global Policy, London School of Economics and Political Science, vol. 12(3), pages 410-413, May.
    • Handle: RePEc:bla:glopol:v:12:y:2021:i:3:p:410-413
    DOI: 10.1111/1758-5899.12938
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1758-5899.12938
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1758-5899.12938?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Mateo Crossa & Nina Ebner, 2020. "Automotive global value chains in Mexico: a mirage of development?," Third World Quarterly, Taylor & Francis Journals, vol. 41(7), pages 1218-1239, July.
    2. Keun Lee & Franco Malerba & Annalisa Primi, 2020. "The fourth industrial revolution, changing global value chains and industrial upgrading in emerging economies," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 23(4), pages 359-370, October.
    3. Alison Ashby, 2016. "From global to local: reshoring for sustainability," Operations Management Research, Springer, vol. 9(3), pages 75-88, December.
    4. Gaston Fornes & Alvaro Mendez, 2018. "The China-Latin America Axis," Springer Books, Springer, edition 2, number 978-3-319-66721-8, January.
    5. Bianchi, Constanza & Mingo, Santiago & Fernandez, Viviana, 2019. "Strategic management in Latin America: Challenges in a changing world," Journal of Business Research, Elsevier, vol. 105(C), pages 306-309.
    6. José Ángel Zúñiga-Vicente & César Alonso-Borrego & Francisco J. Forcadell & José I. Galán, 2014. "Assessing The Effect Of Public Subsidies On Firm R&D Investment: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 28(1), pages 36-67, February.
    7. repec:wbk:wbpubs:32436 is not listed on IDEAS
    8. Alvaro Mendez, 2019. "Latin America and the AIIB: Interests and Viewpoints," Global Policy, London School of Economics and Political Science, vol. 10(4), pages 639-644, November.
    9. repec:wbk:wbpubs:33044 is not listed on IDEAS
    10. Bailey, Nicholas & Warby, Brian, 2019. "Explaining the competition for FDI: Evidence from Costa Rica and cross-national industry-level FDI data," Research in International Business and Finance, Elsevier, vol. 47(C), pages 67-77.
    11. repec:wbk:wbpubs:16457 is not listed on IDEAS
    12. Eva Paus, 2020. "Innovation Strategies Matter: Latin America’s Middle-Income Trap Meets China and Globalisation," Journal of Development Studies, Taylor & Francis Journals, vol. 56(4), pages 657-679, April.
    13. Guimón, José & Chaminade, Cristina & Maggi, Claudio & Salazar-Elena, Juan Carlos, 2018. "Policies to Attract R&D-related FDI in Small Emerging Countries: Aligning Incentives With Local Linkages and Absorptive Capacities in Chile," Journal of International Management, Elsevier, vol. 24(2), pages 165-178.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dominik Bertram & Tobias Chilla & Carola Wilhelm, 2021. "Short Value Chains in Food Production: The Role of Spatial Proximity for Economic and Land Use Dynamics," Land, MDPI, vol. 10(9), pages 1-21, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Helena Lenihan & Kevin Mulligan & Justin Doran & Christian Rammer & Olubunmi Ipinnaiye, 2024. "R&D grants and R&D tax credits to foreign-owned subsidiaries: Does supporting multinational enterprises’ R&D pay off in terms of firm performance improvements for the host economy?," The Journal of Technology Transfer, Springer, vol. 49(2), pages 740-781, April.
    2. Anders Gustafsson, 2019. "Busy doing nothing: why politicians implement inefficient policies," Constitutional Political Economy, Springer, vol. 30(3), pages 282-299, September.
    3. María Teresa Costa‐Campi & Néstor Duch‐Brown & José García‐Quevedo, 2019. "Innovation strategies of energy firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(5), pages 1073-1085, September.
    4. Laura Barbieri & Daniela Bragoli & Flavia Cortelezzi & Giovanni Marseguerra, 2015. "Public Support to Innovation Strategies," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises1509, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    5. Stjepan Srhoj & Vanja Vitezic & Joachim Wagner, 2020. "Export boosting policies and firm behaviour: Review of empirical evidence around the world," Working Paper Series in Economics 395, University of Lüneburg, Institute of Economics.
    6. Florencia Fiorentin & Mariano Pereira & Diana Suárez, 2020. "The relationship between public funds, innovation and employment among Argentinean manufacturing firms," Journal of Evolutionary Economics, Springer, vol. 30(3), pages 773-791, July.
    7. Borgomeo, Letizia & Koenig, Christoph & Miotto, Martina, 2025. "The long-run effects of R&D subsidies on high-tech start-ups: Insights from Italy," Economics Letters, Elsevier, vol. 248(C).
    8. Silvia Cosimato & Roberto Vona, 2021. "Digital Innovation for the Sustainability of Reshoring Strategies: A Literature Review," Sustainability, MDPI, vol. 13(14), pages 1-16, July.
    9. Aiello, Francesco & Albanese, Giuseppe & Piselli, Paolo, 2019. "Good value for public money? The case of R&D policy," Journal of Policy Modeling, Elsevier, vol. 41(6), pages 1057-1076.
    10. Nils Karlson & Christian Sandström & Karl Wennberg, 2021. "Bureaucrats or Markets in Innovation Policy? – a critique of the entrepreneurial state," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 81-95, March.
    11. A. Minniti & F. Venturini, 2014. "R&D Policy and Schumpeterian Growth: Theory and Evidence," Working Papers wp945, Dipartimento Scienze Economiche, Universita' di Bologna.
    12. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2017. "Welfare effects of R&D support policies," Bank of Finland Research Discussion Papers 30/2017, Bank of Finland.
    13. Luan, Siqiao & Hewitt-Dundas, Nola & Roper, Stephen, 2026. "Innovation grant (S)hopping: Unpacking SMEs' support choices between multiple potential funding sources," Research Policy, Elsevier, vol. 55(1).
    14. Chiara Bocci & Marco Mariani, 2015. "L?approccio delle funzioni dose-risposta per la valutazione di trattamenti continui nei sussidi alla r&s," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2015(3 Suppl.), pages 81-102.
    15. Fleury, Afonso & Fleury, Maria Tereza Leme & Oliveira, Luis & Leao, Pablo, 2024. "Going digital EMNEs: The role of digital maturity capability," International Business Review, Elsevier, vol. 33(4).
    16. Oleg Sidorkin & Martin Srholec, 2022. "Do Direct Subsidies Stimulate New R&D Outputs in Firms? Evidence from the Czech Republic," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 2203-2229, September.
    17. Dimos, Christos & Pugh, Geoff, 2016. "The effectiveness of R&D subsidies: A meta-regression analysis of the evaluation literature," Research Policy, Elsevier, vol. 45(4), pages 797-815.
    18. Hyensup Shim & Kiyoon Shin, 2021. "Empirical Analysis of Evidence-Based Policymaking in R&D Programmes," Sustainability, MDPI, vol. 14(1), pages 1-15, December.
    19. Van Ha & Mark J. Holmes & Gazi Hassan, 2021. "Does foreign direct investment influence R&D activity in the host country? Evidence from Vietnam," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 18(9), pages 2599-2619, July.
    20. Paige Clayton & Maryann Feldman & Benjamin Montmartin, 2024. "Entrepreneurial finance and regional ecosystem emergence," Small Business Economics, Springer, vol. 62(4), pages 1493-1521, April.

    More about this item

    JEL classification:

    • N0 - Economic History - - General
    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:glopol:v:12:y:2021:i:3:p:410-413. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.