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The slow comeback of industrial policies in Latin America and the Caribbean

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  • Peres Núñez, Wilson

Abstract

The core of a policy for accelerating economic growth is a combination of knowledge accumulation and diversification of the productive structure. These two dimensions are the focus of the present article, which examines industrial policy experiences during the import substitution industrialization period; highlights the policies currently being applied in Latin America and the Caribbean and offers a typology of the strategies underlying them; presents the main lines of action and policy instruments; and analyses issues of policy implementation and impact. The thesis is that, while policymaking capabilities have improved, a great deal of work is still needed on implementation and on the development of effective impact evaluation methodologies. Proper evaluation will show whether industrial policies have a role to play in the region.

Suggested Citation

  • Peres Núñez, Wilson, 2006. "The slow comeback of industrial policies in Latin America and the Caribbean," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    • Handle: RePEc:ecr:col070:11149
    Note: Includes bibliography
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    References listed on IDEAS

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    1. Alberto Melo, 2001. "Industrial Policy in Latin America and the Caribbean at the Turn of the Century," IDB Publications (Working Papers) 6492, Inter-American Development Bank.
    2. Dussel Peters, Enrique, 1999. "La subcontratación como proceso de aprendizaje: el caso de la electrónica en Jalisco," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 31374, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Reinhardt, Nola & Peres, Wilson, 2000. "Latin America's New Economic Model: Micro Responses and Economic Restructuring," World Development, Elsevier, vol. 28(9), pages 1543-1566, September.
    4. Mortimore, Michael, 2000. "Corporate Strategies for FDI in the Context of Latin America's New Economic Model," World Development, Elsevier, vol. 28(9), pages 1611-1626, September.
    5. Calderón Hoffmann, Alvaro & Mortimore, Michael, 1998. "Foreign Investment in Latin America and the Caribbean 1998," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1158 edited by Eclac.
    6. Marcus Noland & Howard Pack, 2002. "Industrial Policies and Growth: Lessons From International Experience," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 9, pages 251-308, Central Bank of Chile.
    7. Peres Núñez, Wilson & Stallings, Barbara, 2000. "Crecimiento, empleo y equidad: el impacto de las reformas económicas en América Latina y el Caribe," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1651 edited by Cepal.
    8. -, 2003. "Caribbean tourism, trends, policies and impact, 1985-2002," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 27543, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    9. George J. Stigler, 1951. "The Division of Labor is Limited by the Extent of the Market," Journal of Political Economy, University of Chicago Press, vol. 59(3), pages 185-185.
    10. Melo, Alberto, 2001. "Industrial Policy in Latin America and the Caribbean at the Turn of the Century," IDB Publications (Working Papers) 6088, Inter-American Development Bank.
    11. Mortimore, Michael & Peres Núñez, Wilson, 1998. "Policy competition for foreign direct investment in the Caribbean Basin: Costa Rica, the Dominican Republic and Jamaica," Desarrollo Productivo 4691, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    12. Dussel Peters, Enrique, 1998. "La subcontratación como proceso de aprendizaje: el caso de la electrónica en Jalisco (México) en la década de los noventa," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 30995, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    13. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    14. Peres Núñez, Wilson & Stumpo, Giovanni, 2002. "La dinámica de las pequeñas y medianas empresas industriales en América Latina y el Caribe," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1721.
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