IDEAS home Printed from
   My bibliography  Save this paper

The new context for industrializing around natural resources: an opportunity for Latin America (and other resource rich countries)?


  • Carlota Perez


This chapter argues that development is a moving target, and that windows of opportunity to both ‘catch up’ and ‘leap ahead’ present themselves at certain times and in specific regions due to technological revolutions and paradigm shifts. Having examined the historical precedents, it observes that the exploitation and processing of natural resources (NR), once seen as a ‘curse’ for developing nations, present such an opportunity for Latin America and other resource-rich countries at this stage in the diffusion of the ICT revolution. The factors changing the context and conditions around NR are analyzed, from the new nature of markets and the growing influence of environmental factors to the significant increase in technological dynamism and potential for innovation in developing countries brought about by ICT and market segmentation. Examining the specificity of Latin America in its ability to respond to these different conditions, and identifying the capabilities gained in the previous opportunity with import substitution, the article argues that success today would depend upon building natural resource-based networks of innovation aimed at the dynamic Asian markets. Given the low labor intensity of most NR processing industries, a dual-integrated strategy of ‘resourceintensive industrialization’ is proposed which promotes both top-down economic growth for global positioning and bottom-up wealth creation in each corner of the territory generating employment and well-being for all. It is finally argued that such a converging process of growth and innovation is both possible and necessary to ensure that Latin America benefits from the current window of opportunity while building a platform of innovative potential, networks and social capabilities in order to be able to leap forward with the next technological revolution. The many obstacles and limitations are not ignored; they can only be faced successfully if the nature of the opportunity is fully recognized.

Suggested Citation

  • Carlota Perez, 2015. "The new context for industrializing around natural resources: an opportunity for Latin America (and other resource rich countries)?," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 62, TUT Ragnar Nurkse Department of Innovation and Governance.
  • Handle: RePEc:tth:wpaper:62

    Download full text from publisher

    File URL:
    Download Restriction: no


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

    Cited by:

    1. Figueiredo, Paulo N. & Piana, Janaina, 2018. "Innovative capability building and learning linkages in knowledge-intensive service SMEs in Brazil's mining industry," Resources Policy, Elsevier, vol. 58(C), pages 21-33.
    2. Figueiredo, Paulo N. & Cohen, Marcela, 2019. "Explaining early entry into path-creation technological catch-up in the forestry and pulp industry: Evidence from Brazil," Research Policy, Elsevier, vol. 48(7), pages 1694-1713.
    3. Figueiredo, Paulo N. & Piana, Janaina, 2016. "When “one thing (almost) leads to another”: A micro-level exploration of learning linkages in Brazil's mining industry," Resources Policy, Elsevier, vol. 49(C), pages 405-414.

    More about this item


    Access and download statistics


    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:tth:wpaper:62. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shobhit Shakya). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.