From Natural Resources to the Knowledge Economy : Trade and Job Quality

The study questions whether, after a decade of remarkable progress in trade reform, Latin America and the Caribbean really integrates into the global market, offering a promising rapid growth, and good jobs for its workers. For despite the incidenc...

Full description

Bibliographic Details
Main Authors: de Ferranti, David, Perry, Guillermo E., Lederman, Daniel, Maloney, William E.
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2013
Subjects:
GDP
WTO
Online Access:http://documents.worldbank.org/curated/en/2002/01/1662734/natural-resources-knowledge-economy-trade-job-quality
http://hdl.handle.net/10986/14040
id okr-10986-14040
recordtype oai_dc
spelling okr-10986-140402021-04-23T14:03:11Z From Natural Resources to the Knowledge Economy : Trade and Job Quality de Ferranti, David Perry, Guillermo E. Lederman, Daniel Maloney, William E. APPAREL BILATERAL TRADE COMMERCIAL POLICY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES CONCENTRATION INDEXES ECONOMIC POLICY ECONOMICS ECONOMIES OF SCALE ELECTRONICS INDUSTRY EMPIRICAL EVIDENCE EMPIRICAL STUDIES EQUILIBRIUM EXPLOITATION EXPORT DIVERSIFICATION EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORTS EXTERNAL TARIFF FACTOR ENDOWMENTS FISHING FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN TRADE FORESTRY FREE TRADE FREE TRADE AGREEMENTS GDP GDP PER CAPITA GLOBAL MARKETS GROSS DOMESTIC PRODUCT HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION INDUSTRIAL PRODUCTIVITY INDUSTRIAL PRODUCTS INDUSTRIALIZATION INDUSTRY TRADE INFORMAL SECTOR INFORMAL WORKERS INTERNATIONAL INVESTORS INTERNATIONAL TRADE INVESTMENT FLOWS KNOWLEDGE ECONOMY LABOR FORCE LABOR PRODUCTIVITY LABOR SUPPLY LOCATIONAL ADVANTAGES MANUFACTURING PRODUCTIVITY MARKET ACCESS MINES MINIMUM WAGES NATURAL RESOURCES NET EXPORTS NONGOVERNMENTAL ORGANIZATIONS OPENNESS PATTERNS OF TRADE PRICE CHANGES PRODUCTION PROCESSES PROTECTIONISM PUBLIC EXPENDITURES RATES OF PROTECTION REAL EXCHANGE RATE REGIONAL INTEGRATION SPECIALIZATION TARIFF PREFERENCES TAX INCENTIVES TECHNOLOGICAL PROGRESS TELECOMMUNICATIONS TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOURISM TRADE AGREEMENT TRADE CLASSIFICATION TRADE DIVERSION TRADE FLOWS TRADE LIBERALIZATION TRADE POLICY TRADE REFORM TRADE STRUCTURE TRADE THEORIES TRADE ZONES TRANSPORT COSTS UNEMPLOYMENT UNEMPLOYMENT RATES UNSKILLED WORKERS VALUE ADDED WAGE INEQUALITY WAGES WEALTH WORLD TRADE WORLD TRADE ORGANIZATION WTO The study questions whether, after a decade of remarkable progress in trade reform, Latin America and the Caribbean really integrates into the global market, offering a promising rapid growth, and good jobs for its workers. For despite the incidence of the loosely called "knowledge economy", the concern prevails that most countries' rich natural resources, still are the determining factor for exports. Policy recommendations include fostering openness to trade, market access, and foreign direct investment flows, in addition to building human capital, institutions, and public infrastructure, without disregarding the natural advantages. To this end, policymakers should aim at developing educational systems that provide quality education, focused on lifelong learning, and training activities to build human capital. Emphasis should follow on research and development (R&D) incentives, and innovations systems, arguing that countries should experiment with taxation incentives, and subsidies to promote both private, and public investments in R&D, (dependent on the institutional capacity of governments to enforce tax laws, and monitor the quality of investments). Moreover, evidence in this report, suggests that information, and communications technology (ICT) can reduce coordination costs, enabling an effective industrialization, and market access. 2013-06-19T21:10:34Z 2013-06-19T21:10:34Z 2002 http://documents.worldbank.org/curated/en/2002/01/1662734/natural-resources-knowledge-economy-trade-job-quality 0-8213-5009-9 http://hdl.handle.net/10986/14040 English en_US World Bank Latin American and Caribbean Studies - Viewpoints; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean Latin America
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 APPAREL
BILATERAL TRADE
COMMERCIAL POLICY
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
CONCENTRATION INDEXES
ECONOMIC POLICY
ECONOMICS
ECONOMIES OF SCALE
ELECTRONICS INDUSTRY
EMPIRICAL EVIDENCE
EMPIRICAL STUDIES
EQUILIBRIUM
EXPLOITATION
EXPORT DIVERSIFICATION
EXPORT PROCESSING
EXPORT PROCESSING ZONE
EXPORTS
EXTERNAL TARIFF
FACTOR ENDOWMENTS
FISHING
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN TRADE
FORESTRY
FREE TRADE
FREE TRADE AGREEMENTS
GDP
GDP PER CAPITA
GLOBAL MARKETS
GROSS DOMESTIC PRODUCT
HUMAN CAPITAL
IMPORTS
INCOME
INCOME DISTRIBUTION
INDUSTRIAL PRODUCTIVITY
INDUSTRIAL PRODUCTS
INDUSTRIALIZATION
INDUSTRY TRADE
INFORMAL SECTOR
INFORMAL WORKERS
INTERNATIONAL INVESTORS
INTERNATIONAL TRADE
INVESTMENT FLOWS
KNOWLEDGE ECONOMY
LABOR FORCE
LABOR PRODUCTIVITY
LABOR SUPPLY
LOCATIONAL ADVANTAGES
MANUFACTURING PRODUCTIVITY
MARKET ACCESS
MINES
MINIMUM WAGES
NATURAL RESOURCES
NET EXPORTS
NONGOVERNMENTAL ORGANIZATIONS
OPENNESS
PATTERNS OF TRADE
PRICE CHANGES
PRODUCTION PROCESSES
PROTECTIONISM
PUBLIC EXPENDITURES
RATES OF PROTECTION
REAL EXCHANGE RATE
REGIONAL INTEGRATION
SPECIALIZATION
TARIFF PREFERENCES
TAX INCENTIVES
TECHNOLOGICAL PROGRESS
TELECOMMUNICATIONS
TERMS OF TRADE
TOTAL FACTOR PRODUCTIVITY
TOTAL FACTOR PRODUCTIVITY GROWTH
TOURISM
TRADE AGREEMENT
TRADE CLASSIFICATION
TRADE DIVERSION
TRADE FLOWS
TRADE LIBERALIZATION
TRADE POLICY
TRADE REFORM
TRADE STRUCTURE
TRADE THEORIES
TRADE ZONES
TRANSPORT COSTS
UNEMPLOYMENT
UNEMPLOYMENT RATES
UNSKILLED WORKERS
VALUE ADDED
WAGE INEQUALITY
WAGES
WEALTH
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
spellingShingle APPAREL
BILATERAL TRADE
COMMERCIAL POLICY
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
CONCENTRATION INDEXES
ECONOMIC POLICY
ECONOMICS
ECONOMIES OF SCALE
ELECTRONICS INDUSTRY
EMPIRICAL EVIDENCE
EMPIRICAL STUDIES
EQUILIBRIUM
EXPLOITATION
EXPORT DIVERSIFICATION
EXPORT PROCESSING
EXPORT PROCESSING ZONE
EXPORTS
EXTERNAL TARIFF
FACTOR ENDOWMENTS
FISHING
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN TRADE
FORESTRY
FREE TRADE
FREE TRADE AGREEMENTS
GDP
GDP PER CAPITA
GLOBAL MARKETS
GROSS DOMESTIC PRODUCT
HUMAN CAPITAL
IMPORTS
INCOME
INCOME DISTRIBUTION
INDUSTRIAL PRODUCTIVITY
INDUSTRIAL PRODUCTS
INDUSTRIALIZATION
INDUSTRY TRADE
INFORMAL SECTOR
INFORMAL WORKERS
INTERNATIONAL INVESTORS
INTERNATIONAL TRADE
INVESTMENT FLOWS
KNOWLEDGE ECONOMY
LABOR FORCE
LABOR PRODUCTIVITY
LABOR SUPPLY
LOCATIONAL ADVANTAGES
MANUFACTURING PRODUCTIVITY
MARKET ACCESS
MINES
MINIMUM WAGES
NATURAL RESOURCES
NET EXPORTS
NONGOVERNMENTAL ORGANIZATIONS
OPENNESS
PATTERNS OF TRADE
PRICE CHANGES
PRODUCTION PROCESSES
PROTECTIONISM
PUBLIC EXPENDITURES
RATES OF PROTECTION
REAL EXCHANGE RATE
REGIONAL INTEGRATION
SPECIALIZATION
TARIFF PREFERENCES
TAX INCENTIVES
TECHNOLOGICAL PROGRESS
TELECOMMUNICATIONS
TERMS OF TRADE
TOTAL FACTOR PRODUCTIVITY
TOTAL FACTOR PRODUCTIVITY GROWTH
TOURISM
TRADE AGREEMENT
TRADE CLASSIFICATION
TRADE DIVERSION
TRADE FLOWS
TRADE LIBERALIZATION
TRADE POLICY
TRADE REFORM
TRADE STRUCTURE
TRADE THEORIES
TRADE ZONES
TRANSPORT COSTS
UNEMPLOYMENT
UNEMPLOYMENT RATES
UNSKILLED WORKERS
VALUE ADDED
WAGE INEQUALITY
WAGES
WEALTH
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
de Ferranti, David
Perry, Guillermo E.
Lederman, Daniel
Maloney, William E.
From Natural Resources to the Knowledge Economy : Trade and Job Quality
geographic_facet Latin America & Caribbean
Latin America
relation World Bank Latin American and Caribbean Studies - Viewpoints;
description The study questions whether, after a decade of remarkable progress in trade reform, Latin America and the Caribbean really integrates into the global market, offering a promising rapid growth, and good jobs for its workers. For despite the incidence of the loosely called "knowledge economy", the concern prevails that most countries' rich natural resources, still are the determining factor for exports. Policy recommendations include fostering openness to trade, market access, and foreign direct investment flows, in addition to building human capital, institutions, and public infrastructure, without disregarding the natural advantages. To this end, policymakers should aim at developing educational systems that provide quality education, focused on lifelong learning, and training activities to build human capital. Emphasis should follow on research and development (R&D) incentives, and innovations systems, arguing that countries should experiment with taxation incentives, and subsidies to promote both private, and public investments in R&D, (dependent on the institutional capacity of governments to enforce tax laws, and monitor the quality of investments). Moreover, evidence in this report, suggests that information, and communications technology (ICT) can reduce coordination costs, enabling an effective industrialization, and market access.
format Publications & Research :: Publication
author de Ferranti, David
Perry, Guillermo E.
Lederman, Daniel
Maloney, William E.
author_facet de Ferranti, David
Perry, Guillermo E.
Lederman, Daniel
Maloney, William E.
author_sort de Ferranti, David
title From Natural Resources to the Knowledge Economy : Trade and Job Quality
title_short From Natural Resources to the Knowledge Economy : Trade and Job Quality
title_full From Natural Resources to the Knowledge Economy : Trade and Job Quality
title_fullStr From Natural Resources to the Knowledge Economy : Trade and Job Quality
title_full_unstemmed From Natural Resources to the Knowledge Economy : Trade and Job Quality
title_sort from natural resources to the knowledge economy : trade and job quality
publisher Washington, DC: World Bank
publishDate 2013
url http://documents.worldbank.org/curated/en/2002/01/1662734/natural-resources-knowledge-economy-trade-job-quality
http://hdl.handle.net/10986/14040
_version_ 1764425050670235648