PERU: ECONOMIC POLICIES TO CLOSE THE GAP IN THE KNOWLEDGE BALANCE

Santiago Roca

Journal of Economics, Finance and Administrative Science, 2011, vol. 16, issue 30, 51-61

Abstract: In this paper we show the balance of knowledge deficit in Peru compared to the surplus of its trade balance and the necessity to transform the structure and technological coefficients of exports to close this knowledge gap. We analyze major economic policies that could help in closing the gap, especially industrial and technological innovation policies, rethinking intellectual property rights and impelling the forces that propagate the economic system as a whole. “Openness” and the “good management of macroeconomic fundamentals” are necessary but not sufficient conditions to transform the economy, which for better performance need the strategic “will and wit” of adding value and a better balance between external and national interests.

Keywords: Economic development; technological change; industrialization; natural resources; industrial policy; international economics; trade policy; comparative studies of countries; productive specialization. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ris:joefas:0029

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