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Market-oriented reforms, globalization and the recent transformation of Latin American innovation systems


  • Jorge Katz


Market-oriented structural reforms were implemented in Latin America under the expectation that the transition from an "inward-oriented", "state-led" growth strategy to one which was more "market-led" and "outward-oriented" was going to be rewarded by a sustainable long-term improvement in the region's rate of economic expansion and productivity growth. The competitive discipline imposed by a more open and deregulated economic regime was expected to induce faster innovation and technological modernization efforts from firms and individuals and, thereafter, a gradual but steady "convergence" to world-wide income and productivity standards. A global look at the region's performance throughout the 1980s and 1990s tells us that such a priori expectation was far from realistic. The paper examines why this has been so.

Suggested Citation

  • Jorge Katz, 2004. "Market-oriented reforms, globalization and the recent transformation of Latin American innovation systems," Oxford Development Studies, Taylor & Francis Journals, vol. 32(3), pages 375-387.
  • Handle: RePEc:taf:oxdevs:v:32:y:2004:i:3:p:375-387 DOI: 10.1080/1360081042000260584

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    References listed on IDEAS

    1. Alderman, H. & Paxson, C.H., 1992. "Do the Poor Insure? A Synthesis of the Literature on Risk and Consumption in Developing Countries," Papers 164, Princeton, Woodrow Wilson School - Development Studies.
    2. Neil McCulloch & Bob Baulch, 2000. "Simulating the impact of policy upon chronic and transitory poverty in rural Pakistan," Journal of Development Studies, Taylor & Francis Journals, vol. 36(6), pages 100-130.
    3. Morduch, Jonathan, 1998. "Poverty, economic growth, and average exit time," Economics Letters, Elsevier, vol. 59(3), pages 385-390, June.
    4. World Bank, 2001. "Risk Management in South Asia : A Poverty Focused Approach," World Bank Other Operational Studies 15449, The World Bank.
    5. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
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    Cited by:

    1. Figueiredo, Paulo N., 2008. "Industrial Policy Changes and Firm-Level Technological Capability Development: Evidence from Northern Brazil," World Development, Elsevier, vol. 36(1), pages 55-88, January.
    2. José Gabriel Palma, 2016. "Do nations just get the inequality they deserve? The ‘Palma Ratio’ re-examined," Cambridge Working Papers in Economics 1627, Faculty of Economics, University of Cambridge.
    3. repec:spr:manint:v:49:y:2009:i:4:d:10.1007_s11575-009-0005-8 is not listed on IDEAS

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