 Structural reforms, technological gaps and economic development: a Latin American perspectiveMario Cimoli and Jorge Katz Industrial and Corporate Change, 2003, vol. 12, issue 2, 387-411 Abstract: This paper explores the impact that recent structural reforms have had upon macro-to-micro linkages, as well as upon the pattern of production specialization, the entry and exit of firms during the adjustment process, and the 'sources' of technical change in the present more open and deregulated Latin American macroeconomic scenarios. From this exploration a major question emerges: is the new 'market-oriented' development paradigm sustainable in the long run? The interpretation presented in this paper suggests that the present pattern of production specialization--strongly biased in favour of industries featuring low domestic knowledge generation and value-added content--and the inhibition of local R&D and engineering activities resulting from the rapid expansion of internationally integrated production systems are pushing Latin American economies into a 'low development trap' from which it might prove extremely difficult to escape on the basis exclusively of free market principles. Copyright 2003, Oxford University Press. Date: 2003 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:indcch:v:12:y:2003:i:2:p:387-411 Ordering information: This journal article can be ordered from Access Statistics for this article Industrial and Corporate Change is currently edited by Josef Chytry More articles in Industrial and Corporate Change from Oxford University Press and the Associazione ICC Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. |
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