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Can Latin American Firms Compete?$
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Robert Grosse and Luiz F. Mesquita

Print publication date: 2007

Print ISBN-13: 9780199233755

Published to Oxford Scholarship Online: January 2008

DOI: 10.1093/acprof:oso/9780199233755.001.0001

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Competing Under Stress: The Shrimp Cluster in Venezuela

Competing Under Stress: The Shrimp Cluster in Venezuela

(p.150) 7 Competing Under Stress: The Shrimp Cluster in Venezuela
Can Latin American Firms Compete?

Michael Penfold

Oxford University Press

As a consequence of the great economic and institutional volatility experienced during the last two decades, Venezuela has registered low economic growth rates that hindered the development of a competitive non-oil export sector. One of the few exceptions is the emergence, expansion, and consolidation of the shrimp industry which is dominated by both national and international firms. Although the Venezuelan shrimp production has not attained the same importance as its counterparts in countries like China, Vietnam, and Thailand, it is among the most important regional players in that field in Latin America, behind countries such as Brasil, Ecuador, and Colombia. This chapter explores the competitiveness of the shrimp industry using cluster analysis. It highlights how the emerging shrimp cluster in Venezuela lacks the tools for cooperation between its producers and the support institutions that could enhance its productivity and guarantee its long-term consolidation.

Keywords:   shrimp industry, multinationals, competition, collaboration, cluster analysis

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