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Productive Development Policies in Latin America: Past and Present

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  • Manuel R. Agosin

Abstract

This paper reviews industrial policy in Latin America from the Great Depression to our days. Its purpose is to derive some lessons for what Latin American and Caribbean countries (LAC) should do in this area. It has become clear over the last few years that LAC, if they are to accelerate their growth rates, need more than a good macroeconomic framework and the protection of property rights: they need to be more proactive in transforming their production structures, still too dependent on primary commodity exports or the assembly of final goods from imported components, sectors that are ill-suited to the productive development jumps that have been associated with high growth in the developing world over the past 60 years.

Suggested Citation

  • Manuel R. Agosin, 2013. "Productive Development Policies in Latin America: Past and Present," Working Papers wp382, University of Chile, Department of Economics.
  • Handle: RePEc:udc:wpaper:wp382
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    File URL: http://www.econ.uchile.cl/uploads/publicacion/482c33520551d48c31d96de5339e407ad454315b.pdf
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    References listed on IDEAS

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    1. repec:mes:challe:v:33:y:1990:i:4:p:57-59 is not listed on IDEAS
    2. Agosin, Manuel R. & Ffrench-Davis, Ricardo, 1993. "Trade liberalization in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    3. Francisco E. Thoumi, 1980. "International Trade Strategies, Employment, and Income Distribution in Colombia," NBER Chapters,in: Trade and Employment in Developing Countries, Volume 1: Individual Studies, pages 135-180 National Bureau of Economic Research, Inc.
    4. Juan Carlos Moreno Brid & Esteban Pérez Caldentey, 2010. "Trade and Economic Growth: A Latin American Perspective on Rhetoric and Reality," Chapters,in: Handbook of Alternative Theories of Economic Growth, chapter 20 Edward Elgar Publishing.
    5. Hermann, Jennifer, 2010. "Development banks in the financial-liberalization era: the case of BNDES in Brazil," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    6. José Díaz & Gert Wagner, 2004. "Política Comercial: Instrumentos y Antecedentes. Chile en los Siglos XIX y XX," Documentos de Trabajo 223, Instituto de Economia. Pontificia Universidad Católica de Chile..
    7. World Bank, 2005. "Economic Growth in the 1990s : Learning from a Decade of Reform," World Bank Publications, The World Bank, number 7370.
    8. Manuel Agosin & Cristian Larraín & Nicolás Grau, 2009. "Industrial policy in Chile," Working Papers wp294, University of Chile, Department of Economics.
    9. Dani Rodrik, 2008. "Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Banks Economic Growth in the 1990s: Learning from a Decade of Reform," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(2), pages 135-156, June.
    10. Bertola, Luis & Ocampo, Jose Antonio, 2012. "The Economic Development of Latin America since Independence," OUP Catalogue, Oxford University Press, number 9780199662142.
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