Modern industrial policy in Latin America: Lessons from cluster development policies

Carlo Pietrobelli

No 2019-031, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: Industrial clusters have developed in many regions and countries of Latin America. Active public policies have often supported them at the national (federal) and local levels, sometimes with the financial and technical assistance of international organizations. These experiences have been most remarkable, and share several elements of the 'modern' industrial policies that enjoy an increasing consensus in the literature. The vast experience of locally based forms of active policies that have proliferated in Latin America reflects a modern approach to industrial policies, and an example for other developing countries. Such approach has typically included clever interactions of private and government sectors, a process of search and discovery of the necessary public policy inputs, and an interactive design and implementation of these policies.

Keywords: Industrial policy; innovation policy; innovation and learning; cluster development; industrial clusters (search for similar items in EconPapers)
JEL-codes: L14 O25 O43 (search for similar items in EconPapers)
Date: 2019-09-11
New Economics Papers: this item is included in nep-geo, nep-ino and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2019031

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