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Rethinking Productive Development

Sound Policies and Institutions for Economic Transformation

  • Gustavo Crespi
  • Eduardo Fernández-Arias
  • Ernesto Stein

Table of contents

  1. Front Matter
    Pages i-xxix
  2. The Role of Productive Development Policies

    1. Front Matter
      Pages 1-1
    2. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 3-31
    3. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 33-58
  3. Sound Policies in Key Areas of Application

    1. Front Matter
      Pages 59-59
    2. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 61-106
    3. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 107-143
    4. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 145-174
    5. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 175-202
    6. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 203-232
    7. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 233-278
    8. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 279-317
  4. Institutions for Successful Policies

    1. Front Matter
      Pages 319-319
    2. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 321-358
    3. Gustavo Crespi, Eduardo Fernández-Arias, Ernesto Stein
      Pages 359-389
  5. Back Matter
    Pages 391-461

About this book

Introduction

Productive transformation requires seizing the opportunities available and opening new ones in a competitive world. Rethinking Productive Development examines the market failures impeding transformation and the government failures that may make the policy remedies worse than the market illness. To address market failures, the authors propose a simple conceptual framework based on the scope and nature of the policy approach. They then systematically analyze country policies through this lens in key areas such as innovation, new firms, financing, human capital, and internationalization to show the power of this way of thinking. Still, the book warns that policymakers cannot be sure what the right policy interventions are and must set up a process to discover them that calls for public-private collaboration. Recognizing that the risk of capture needs to be checked and that even the best policies will fail without the technical, organizational, and political capacity to implement them, the book concludes with ideas on how to design institutions fostering the right incentives and how to grow public sector capabilities over time.

Keywords

Latin America Growth Productive Development Innovation Industrial Policy Productivity development internationalization Start-up

Editors and affiliations

  • Gustavo Crespi
    • 1
    • 2
  • Eduardo Fernández-Arias
    • 3
  • Ernesto Stein
    • 4
  1. 1.Economic Growth and International TradeUniversity of ChileUK
  2. 2.Science and Technology PoliciesSussex UniversityUK
  3. 3.Economics and a Masters in StatisticsUniversity of CaliforniaBerkeleyUSA
  4. 4.EconomicsUniversity of CaliforniaBerkeleyUSA

Bibliographic information