Selecting Priority Sectors for Productive Transformation: An Elephant in the Room?

Gustavo Crespi, Eduardo Fernández-Arias and Ernesto Stein
Additional contact information
Eduardo Fernández-Arias: University of California
Ernesto Stein: University of California

Chapter 9 in Rethinking Productive Development, 2014, pp 279-317 from Palgrave Macmillan

Abstract: Abstract The process of economic development does not just center on the ability of countries and their firms to make more of the same goods and services they already produce. Most of the successful cases of development around the world have been associated with the capacity of countries to produce new and better-quality goods and services—that is, to engage in processes of productive transformation that stimulate economic development. As important as it is, focusing on increasing the efficiency with which production is carried out—characteristic of a static approach to economics of “doing more with less”—is not enough; catching up with advanced countries may require a dynamic process of productive transformation.1

Keywords: Market Failure; Productive Transformation; Productive Capability; Product Community; Wire Harness (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:pal:palchp:978-1-137-39399-9_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137393999

DOI: 10.1057/9781137393999_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().