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Industrial Policy and DevelopmentThe Political Economy of Capabilities Accumulation$
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Mario Cimoli, Giovanni Dosi, and Joseph E. Stiglitz

Print publication date: 2009

Print ISBN-13: 9780199235261

Published to Oxford Scholarship Online: February 2010

DOI: 10.1093/acprof:oso/9780199235261.001.0001

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The (Slow) Return of Industrial Policies in Latin America and the Caribbean

The (Slow) Return of Industrial Policies in Latin America and the Caribbean

(p.175) 7 The (Slow) Return of Industrial Policies in Latin America and the Caribbean
Industrial Policy and Development

Wilson Peres

Oxford University Press

In order to empower their development processes, the countries of Latin America and the Caribbean need to implement policies aimed at creating new sectors or modernizing mature ones, albeit within the constraints imposed by the size, development level, and economic structure of the individual national economies. This chapter analyzes the re-emergence of such policies after the “liberalization shock”, their achievements so far, and the obstacles facing their implementation.

Keywords:   new industry promotion, industrial diversification, policy implementation, Latin America, Caribbean, liberalization shock

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