Towards transformation of the growth and development strategy for Latin America and the Caribbean: the role of productive development policies

Marco Llinás and José Manuel Salazar-Xirinachs

Revista CEPAL, 2023

Abstract: Latin America and the Caribbean have a structural low-growth problem, which is explained largely by the fact that productivity has not increased, and has even declined, in recent decades. Although productivity growth will require continuous development of a medium- and long-term agenda aimed at improving “fundamentals”, this article proposes a new complementary strategy for growth, transformation of the production structure and employment for the region, based on a deepening of its productive development policies and improving their implementation. To this end, six guidelines are proposed that include governance, among other elements; and special emphasis is placed on the “how”, in other words how to successfully implement policies of this type.

Date: 2023-12
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Persistent link: https://EconPapers.repec.org/RePEc:ecr:col070:69196

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