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Quality of Latin American and Caribbean industrialization and integration into the global economy

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  • Kuwayama, Mikio

Abstract

Despite an increase in manufacturing activity in Latin America and the Caribbean, the growth in value-added generated by exports of manufactures has been disappointing in most cases. Developing Asia excels not only in the volume of trade in which the manufacturing sector serves as its primary driving force but also in the generation of manufacturing value added (MVA);. Irrespective of growing manufactured exports, the Latin American economies have not experienced the kind of dynamic restructuring of domestic production and export patterns that would allow investment to become an engine of growth. Export dynamism is almost always analyzed in gross export values, not in value-added terms. Value-added tends to be much lower particularly where developing countries are involved in low-skill, lowvalue added assembly stages of global production networks, as in electronics and apparels. The participation in the internationally integrated production systems that produce high-tech goods is not synonymous to the participation in high-technology production processes. Thus, participation in the labor-intensive segments of international production chains neither automatically brings about technology trade and technological upgrading and productivity growth as well as the technological spillovers needed to move up in the production chain. In order to harness trade as a driving force of growth not only for the manufacturing sector but also natural resource-based ones and services, Latin America and the Caribbean should adopt more proactive, forward-looking national policies, concurrent with the rapidly changing world marketplace, under a strong alliance between the public and private sectors.

Suggested Citation

  • Kuwayama, Mikio, 2009. "Quality of Latin American and Caribbean industrialization and integration into the global economy," Comercio Internacional 92, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  • Handle: RePEc:ecr:col025:4439
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/4439
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    References listed on IDEAS

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    1. -, 1998. "CEPAL Review no.66," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    2. William F. Maloney, 2002. "Missed Opportunities: Innovation and Resource-Based Growth in Latin America," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2002), pages 111-168, August.
    3. Manuel Agosin & Roberto Machado, 2005. "Foreign Investment in Developing Countries: Does it Crowd in Domestic Investment?," Oxford Development Studies, Taylor & Francis Journals, vol. 33(2), pages 149-162.
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    5. Michiko Iizuka, 2009. "‘Low-tech’ industry: a new path for development? The case of the salmon farming industry in Chile," Chapters,in: Sectoral Systems of Innovation and Production in Developing Countries, chapter 8 Edward Elgar Publishing.
    6. Kuwayama, Mikio, 2001. "E-commerce and export promotion policies for small- and medium-sized enterprises: East Asian and Latin American experiences," Comercio Internacional 13, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. Ueki, Yasushi, 2005. "Information and communication technology (ICT) for development of small and medium-sized exporters in Latin America: Chile," Documentos de Proyectos 48, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Perez-Aleman, Paola, 2000. "Learning, Adjustment and Economic Development: Transforming Firms, The State and Associations in Chile," World Development, Elsevier, vol. 28(1), pages 41-55, January.
    9. Bair, Jennifer & Peters, Enrique Dussel, 2006. "Global commodity chains and endogenous growth: Export dynamism and development in Mexico and Honduras," World Development, Elsevier, vol. 34(2), pages 203-221, February.
    10. Hartmut Hirsch-Kreinsen & David Jacobson & Paul Robertson, 2006. "'Low-tech' Industries: Innovativeness and Development Perspectives—A Summary of a European Research Project," Prometheus, Taylor & Francis Journals, vol. 24(1), pages 3-21.
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    Cited by:

    1. repec:era:wpaper:dp-2015-49 is not listed on IDEAS
    2. Yoshimichi Murakami, 2018. "Globalization and Income Inequality in Latin America: A Review of Theoretical Developments and Recent Evidence," Discussion Paper Series DP2018-16, Research Institute for Economics & Business Administration, Kobe University, revised Aug 2018.
    3. repec:taf:oxdevs:v:45:y:2017:i:2:p:204-221 is not listed on IDEAS

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