Coordination Failures, Clusters, and Microeconomic Interventions

Andres Rodriguez-Clare

Economía Journal, 2005, vol. Volume 6 Number 1, issue Fall 2005, 1-41

Abstract: The failure of market-oriented reforms to generate high and sustained growth in Latin America has led to the widespread agreement that such reforms should be complemented by other policies. The strategies to complement market-oriented reforms fall into three categories: macroeconomic policies to reduce the region’s high vulnerability to crises; institutional and microeconomic reforms to improve the business climate and provide better foundations for growth; and microeconomic or competitiveness policies that include a broad range of government interventions to allow markets, sectors, and companies to take advantage of the opportunities afforded by market-oriented reforms. This paper focuses on the third strategy, which I henceforth refer to as one of microeconomic interventions.

Keywords: Clusters; Microeconomic; Latin; America; Intervention (search for similar items in EconPapers)
Date: 2005
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Journal Article: Coordination Failure, Clusters, and Microeconomic Interventions (2005)
Journal Article: Coordination Failures, Clusters, and Microeconomic Interventions (2005)
Working Paper: Coordination Failures, Clusters and Microeconomic Interventions (2005)
Working Paper: Coordination Failures, Clusters and Microeconomic Interventions (2005)
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