Structural Change in the 21st Century and the Center-Periphery Relationship: Opportunities and Constraints for Latin America

Wallace Marcelino, Adilson Giovanini, Fabrício Missio and Frederico Jayme Jr
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Wallace Marcelino: UFPA
Adilson Giovanini: UDESC
Fabrício Missio: Cedeplar/UFMG
Frederico Jayme Jr: Cedeplar/UFMG

No 682, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: The purpose of this paper is to analyze the foreign trade of biodiversity products (BioTrade) from a Latin American structuralist perspective and propose economic policy recommendations. Latin America (LA) is one of the most biodiverse regions in the world, which grants it a competitive advantage. Indicators reveal that the Center-Periphery relationship persists in manufacturing activities, modern services, and biodiversity-related trade. The primary reason for this is the historical lack of endogenous technological progress in LA countries, which limits the ability to harness economic opportunities. The principal economic policy recommendation is the formulation and implementation of an industrial policy that strategically leverages the region's biodiversity.

Keywords: Economic Development; Structuralist Economics; Biodiversity (search for similar items in EconPapers)
JEL-codes: L80 O1 O4 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2025-05
New Economics Papers: this item is included in nep-his and nep-pke
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