What's New in the New Industrial Policy in Latin America?
Latin America was an aggressive practitioner of industrial policies (IP) in the years 1950-1980. During much of the period the general practice was in line with the then mainstream thinking in development economics. Significant growth, industrializ...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/09/16709453/whats-new-new-industrial-policy-latin-america http://hdl.handle.net/10986/12029 |
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okr-10986-12029 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY AGRICULTURE ALLOCATION ANTENNA BALANCE OF PAYMENTS BANDWIDTH BANK LOANS BANKS BILATERAL TRADE BIOTECHNOLOGY BUDGET ALLOCATIONS BUREAUCRACIES BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT BUSINESS SERVICES BUSINESSES CAPABILITIES CAPABILITY CAPACITY BUILDING CENTRAL BANK CENTRAL BANKS CENTRAL PLANNING CIVIL SERVANTS CIVIL SOCIETY CLIMATE CLIMATE CHANGE COLLABORATION COLLABORATION AMONG BUSINESS COLLECTIVE ACTION COMMERCE COMMERCIAL BANKS COMMODITY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVENESS COMPETITIVENESS AGENDA CORRUPTION DATA GATHERING DEBT DECISION MAKING DEMOCRACY DEVELOPMENT AGENCIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC THOUGHT ELECTRIC ENERGY ENTERPRISE DEVELOPMENT EQUIPMENT EVALUATION OF IMPACTS EXCHANGE RATE EXPORT SECTOR EXPORTS EXTERNAL SHOCKS FEDERAL GOVERNMENT FINANCIAL COMMITMENT FREE MARKET FREE TRADE GDP GLOBAL COMPETITIVENESS GLOBALIZATION IMPORT SUBSTITUTION INCOME INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INITIATIVE INNOVATION INNOVATION POLICIES INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL CONSULTANT INTERNATIONAL INVESTMENT INTERNATIONAL SUPPORT INVESTIGATION ITC JOBS JOINT GOVERNANCE LAWS LEADERSHIP LEARNING LESS DEVELOPED COUNTRIES LOBBYING MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MALFEASANCE MANUFACTURING MARKET ACCESS MARKET ECONOMIES MARKET FAILURE MARKET FAILURES MARKET OPPORTUNITIES MARKET SHARES MEDIUM ENTERPRISES MINISTER MINISTERS MONOPOLY MULTINATIONAL MULTINATIONALS NATIONAL TRAINING NATURAL RESOURCE NATURAL RESOURCES NETWORKS NEW TECHNOLOGIES OPEN ACCESS OPEN ECONOMIES OUTSOURCING PERFORMANCES POLICES POLICY APPROACH POLICY MAKERS POLICY SUPPORT POLITICAL LEADERSHIP POLITICAL PARTIES PREFERENTIAL PREFERENTIAL ACCESS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATE SECTORS PROCUREMENT PRODUCTIVITY PROGRAMS PUBLIC ADMINISTRATION PUBLIC MONIES R&D REMEDY RESULT RESULTS SEARCH SEMICONDUCTORS SILOS SOCIAL DEVELOPMENT SOCIAL ISSUES SPILLOVER EFFECTS STRUCTURAL CHANGE TARGETS TECHNICAL ASSISTANCE TECHNICAL EXPERTISE TECHNICAL SUPPORT TRADE LIBERALIZATION TRADE POLICY TRANSMISSION TRANSPARENCY TRIAL WAGES WEB WORLD TRADE WTO |
| spellingShingle |
ACCOUNTABILITY AGRICULTURE ALLOCATION ANTENNA BALANCE OF PAYMENTS BANDWIDTH BANK LOANS BANKS BILATERAL TRADE BIOTECHNOLOGY BUDGET ALLOCATIONS BUREAUCRACIES BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT BUSINESS SERVICES BUSINESSES CAPABILITIES CAPABILITY CAPACITY BUILDING CENTRAL BANK CENTRAL BANKS CENTRAL PLANNING CIVIL SERVANTS CIVIL SOCIETY CLIMATE CLIMATE CHANGE COLLABORATION COLLABORATION AMONG BUSINESS COLLECTIVE ACTION COMMERCE COMMERCIAL BANKS COMMODITY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVENESS COMPETITIVENESS AGENDA CORRUPTION DATA GATHERING DEBT DECISION MAKING DEMOCRACY DEVELOPMENT AGENCIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC THOUGHT ELECTRIC ENERGY ENTERPRISE DEVELOPMENT EQUIPMENT EVALUATION OF IMPACTS EXCHANGE RATE EXPORT SECTOR EXPORTS EXTERNAL SHOCKS FEDERAL GOVERNMENT FINANCIAL COMMITMENT FREE MARKET FREE TRADE GDP GLOBAL COMPETITIVENESS GLOBALIZATION IMPORT SUBSTITUTION INCOME INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INITIATIVE INNOVATION INNOVATION POLICIES INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL CONSULTANT INTERNATIONAL INVESTMENT INTERNATIONAL SUPPORT INVESTIGATION ITC JOBS JOINT GOVERNANCE LAWS LEADERSHIP LEARNING LESS DEVELOPED COUNTRIES LOBBYING MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MALFEASANCE MANUFACTURING MARKET ACCESS MARKET ECONOMIES MARKET FAILURE MARKET FAILURES MARKET OPPORTUNITIES MARKET SHARES MEDIUM ENTERPRISES MINISTER MINISTERS MONOPOLY MULTINATIONAL MULTINATIONALS NATIONAL TRAINING NATURAL RESOURCE NATURAL RESOURCES NETWORKS NEW TECHNOLOGIES OPEN ACCESS OPEN ECONOMIES OUTSOURCING PERFORMANCES POLICES POLICY APPROACH POLICY MAKERS POLICY SUPPORT POLITICAL LEADERSHIP POLITICAL PARTIES PREFERENTIAL PREFERENTIAL ACCESS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATE SECTORS PROCUREMENT PRODUCTIVITY PROGRAMS PUBLIC ADMINISTRATION PUBLIC MONIES R&D REMEDY RESULT RESULTS SEARCH SEMICONDUCTORS SILOS SOCIAL DEVELOPMENT SOCIAL ISSUES SPILLOVER EFFECTS STRUCTURAL CHANGE TARGETS TECHNICAL ASSISTANCE TECHNICAL EXPERTISE TECHNICAL SUPPORT TRADE LIBERALIZATION TRADE POLICY TRANSMISSION TRANSPARENCY TRIAL WAGES WEB WORLD TRADE WTO Devlin, Robert Moguillansky, Graciela What's New in the New Industrial Policy in Latin America? |
| geographic_facet |
Latin America & Caribbean |
| relation |
Policy Research Working Paper; No. 6191 |
| description |
Latin America was an aggressive
practitioner of industrial policies (IP) in the years
1950-1980. During much of the period the general practice
was in line with the then mainstream thinking in development
economics. Significant growth, industrialization and
modernization took place, but serious flaws in concept and
execution of the IP caused them to fail as a vehicle for
economic catch-up with rich countries in an era of an
expansive world economy. A very serious Latin American
external debt crisis in the 1980s, coupled with the
ascendance in international discourse of arguments for
retrenchment of the State in economics and life, contributed
to a pendulum swing in the region to the policies of the
so-called Washington Consensus. Major structural adjustments
and reforms designed to bring the free market forward and
push back the market governance of the State dominated the
1980s and 1990s. In recent years, however, countries in
Latin America have witnessed a renaissance in the deployment
of systematic IP. This paper explains why IP have emerged
and why they are a necessary step for the more profound
structural change needed to drive sustained high rates of
growth. Based on illustrated cases which we think reflect
the current state of affairs in the region, the paper
highlights the nature of the shift to a more proactive state
promotion of industrial and services upgrading, as well as
the important new characteristics of the current outbreak of
IP which are different from the ones of the past and offer
hope for greater success. It also identifies a legacy of
some bad habits which linger and need to be addressed with
urgency if the new trend is to be successfully consolidated. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Devlin, Robert Moguillansky, Graciela |
| author_facet |
Devlin, Robert Moguillansky, Graciela |
| author_sort |
Devlin, Robert |
| title |
What's New in the New Industrial Policy in Latin America? |
| title_short |
What's New in the New Industrial Policy in Latin America? |
| title_full |
What's New in the New Industrial Policy in Latin America? |
| title_fullStr |
What's New in the New Industrial Policy in Latin America? |
| title_full_unstemmed |
What's New in the New Industrial Policy in Latin America? |
| title_sort |
what's new in the new industrial policy in latin america? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2012/09/16709453/whats-new-new-industrial-policy-latin-america http://hdl.handle.net/10986/12029 |
| _version_ |
1764418798089142272 |
| spelling |
okr-10986-120292021-04-23T14:02:59Z What's New in the New Industrial Policy in Latin America? Devlin, Robert Moguillansky, Graciela ACCOUNTABILITY AGRICULTURE ALLOCATION ANTENNA BALANCE OF PAYMENTS BANDWIDTH BANK LOANS BANKS BILATERAL TRADE BIOTECHNOLOGY BUDGET ALLOCATIONS BUREAUCRACIES BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT BUSINESS SERVICES BUSINESSES CAPABILITIES CAPABILITY CAPACITY BUILDING CENTRAL BANK CENTRAL BANKS CENTRAL PLANNING CIVIL SERVANTS CIVIL SOCIETY CLIMATE CLIMATE CHANGE COLLABORATION COLLABORATION AMONG BUSINESS COLLECTIVE ACTION COMMERCE COMMERCIAL BANKS COMMODITY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVENESS COMPETITIVENESS AGENDA CORRUPTION DATA GATHERING DEBT DECISION MAKING DEMOCRACY DEVELOPMENT AGENCIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC THOUGHT ELECTRIC ENERGY ENTERPRISE DEVELOPMENT EQUIPMENT EVALUATION OF IMPACTS EXCHANGE RATE EXPORT SECTOR EXPORTS EXTERNAL SHOCKS FEDERAL GOVERNMENT FINANCIAL COMMITMENT FREE MARKET FREE TRADE GDP GLOBAL COMPETITIVENESS GLOBALIZATION IMPORT SUBSTITUTION INCOME INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INITIATIVE INNOVATION INNOVATION POLICIES INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL CONSULTANT INTERNATIONAL INVESTMENT INTERNATIONAL SUPPORT INVESTIGATION ITC JOBS JOINT GOVERNANCE LAWS LEADERSHIP LEARNING LESS DEVELOPED COUNTRIES LOBBYING MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MALFEASANCE MANUFACTURING MARKET ACCESS MARKET ECONOMIES MARKET FAILURE MARKET FAILURES MARKET OPPORTUNITIES MARKET SHARES MEDIUM ENTERPRISES MINISTER MINISTERS MONOPOLY MULTINATIONAL MULTINATIONALS NATIONAL TRAINING NATURAL RESOURCE NATURAL RESOURCES NETWORKS NEW TECHNOLOGIES OPEN ACCESS OPEN ECONOMIES OUTSOURCING PERFORMANCES POLICES POLICY APPROACH POLICY MAKERS POLICY SUPPORT POLITICAL LEADERSHIP POLITICAL PARTIES PREFERENTIAL PREFERENTIAL ACCESS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATE SECTORS PROCUREMENT PRODUCTIVITY PROGRAMS PUBLIC ADMINISTRATION PUBLIC MONIES R&D REMEDY RESULT RESULTS SEARCH SEMICONDUCTORS SILOS SOCIAL DEVELOPMENT SOCIAL ISSUES SPILLOVER EFFECTS STRUCTURAL CHANGE TARGETS TECHNICAL ASSISTANCE TECHNICAL EXPERTISE TECHNICAL SUPPORT TRADE LIBERALIZATION TRADE POLICY TRANSMISSION TRANSPARENCY TRIAL WAGES WEB WORLD TRADE WTO Latin America was an aggressive practitioner of industrial policies (IP) in the years 1950-1980. During much of the period the general practice was in line with the then mainstream thinking in development economics. Significant growth, industrialization and modernization took place, but serious flaws in concept and execution of the IP caused them to fail as a vehicle for economic catch-up with rich countries in an era of an expansive world economy. A very serious Latin American external debt crisis in the 1980s, coupled with the ascendance in international discourse of arguments for retrenchment of the State in economics and life, contributed to a pendulum swing in the region to the policies of the so-called Washington Consensus. Major structural adjustments and reforms designed to bring the free market forward and push back the market governance of the State dominated the 1980s and 1990s. In recent years, however, countries in Latin America have witnessed a renaissance in the deployment of systematic IP. This paper explains why IP have emerged and why they are a necessary step for the more profound structural change needed to drive sustained high rates of growth. Based on illustrated cases which we think reflect the current state of affairs in the region, the paper highlights the nature of the shift to a more proactive state promotion of industrial and services upgrading, as well as the important new characteristics of the current outbreak of IP which are different from the ones of the past and offer hope for greater success. It also identifies a legacy of some bad habits which linger and need to be addressed with urgency if the new trend is to be successfully consolidated. 2013-01-02T19:53:42Z 2013-01-02T19:53:42Z 2012-09 http://documents.worldbank.org/curated/en/2012/09/16709453/whats-new-new-industrial-policy-latin-america http://hdl.handle.net/10986/12029 English en_US Policy Research Working Paper; No. 6191 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean |