New problems and opportunities for industrial development in Latin America

Jose Miguel Benavente, Gustavo Crespi, Jorge Katz and Giovanni Stumpo

Oxford Development Studies, 1997, vol. 25, issue 3, 261-277

Abstract: The paper considers the extent to which trade liberalization, de-regulation of economic activity, privatization of public assets and more careful management of macroeco-nomic aggregates, are affecting Latin America. The background, set in import substituting industrialization, has given way to transition towards a new productive structure and new methods of organization of manufacturing activity. Part of that is the relative rise of industries based on the processing of resources. Industrial labour productivity improved in the early 1990s after a long period of stagnation, which became very apparent in the 1980s, though the achievement of an 8% per annum rate, and much shedding of labour, has been insufficient to close the gap which exists with the US. The paper comments on the difficulties of understanding transition in the context of economic theory.

Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/13600819708424135 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: New problems and opportunities for industrial development in Latin America (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:oxdevs:v:25:y:1997:i:3:p:261-277

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CODS20

DOI: 10.1080/13600819708424135

Access Statistics for this article

Oxford Development Studies is currently edited by Jo Boyce and Frances Stewart

More articles in Oxford Development Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().