From Natural Resources to the Knowledge Economy: Trade and Job Quality

David de Ferranti, Guillermo E. Perry, Daniel Lederman and William Maloney

No 14040 in World Bank Publications - Books from The World Bank Group

Abstract: The study questions whether, after a decade of remarkable progress in trade reform, Latin America and the Caribbean really integrates into the global market, offering a promising rapid growth, and good jobs for its workers. For despite the incidence of the loosely called "knowledge economy", the concern prevails that most countries' rich natural resources, still are the determining factor for exports. Policy recommendations include fostering openness to trade, market access, and foreign direct investment flows, in addition to building human capital, institutions, and public infrastructure, without disregarding the natural advantages. To this end, policymakers should aim at developing educational systems that provide quality education, focused on lifelong learning, and training activities to build human capital. Emphasis should follow on research and development (R&D) incentives, and innovations systems, arguing that countries should experiment with taxation incentives, and subsidies to promote both private, and public investments in R&D, (dependent on the institutional capacity of governments to enforce tax laws, and monitor the quality of investments). Moreover, evidence in this report, suggests that information, and communications technology (ICT) can reduce coordination costs, enabling an effective industrialization, and market access.

Keywords: Health Economics and Finance International Economics and Trade-Free Trade International Economics and Trade-Trade Policy Economic Theory and Research Environmental Economics and Policies Macroeconomics and Economic Growth Environment Health; Nutrition and Population (search for similar items in EconPapers)
Date: 2002
ISBN: 0-8213-5009-9
References: View complete reference list from CitEc
Citations: View citations in EconPapers (104)

Downloads: (external link)
https://openknowledge.worldbank.org/bitstreams/d1d ... 0aeeeef35c9/download (application/pdf)

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:wbk:wbpubs:14040

Access Statistics for this book

More books in World Bank Publications - Books from The World Bank Group 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Tal Ayalon ().