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Market-Oriented Reforms, Domestic Technological Capabilities and Economic Development in Latin America

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Book cover The Rise of Technological Power in the South

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Abstract

Modern Growth Theory is not adequately equipped to illuminate the process of economic and institutional transformation that Latin American countries went through as they proceeded from ‘inward-oriented’, stateled macroeconomic policy regimes to ‘outward-oriented’, market-led models of macroeconomic management. Modern Growth Theory is specified in terms of an equilibrium algorithm, in which changes in institutions and in the structure of the economy, as well as the creation and destruction of production and technological capabilities that obtain in the transition from one macroeconomic policy regime to the other, are not part of the topics the model is set out to examine.

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References

  • Goldstein, A. (2005), ‘The political economy of industrial policy in China. The case of aircraft manufacturing’. Mimeo. Paris: OECD.

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  • Harberger, A. (1998) ‘A vision of the growth process’, American Economic Review, 88, March.

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  • Katz, J. (2006), ‘Salmon farming in Chile’ in V. Chandra (ed.), Technology, Adaptation and Exports. The World Bank, Washington, 193–223.

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  • Iizuka, M. (2004). ‘Organizational capability and export performance: the salmon industry’ in Chile. Paper presented at the DRUID Winter Conference, 22–24 January.

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Authors
  1. Jorge Katz
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Editor information

Editors and Affiliations

  1. University of Oxford, UK

    Xiaolan Fu (Director of the Sanjaya Lall Programme for Technology and Management for Development, and Fellow of Green-Templeton College) (Director of the Sanjaya Lall Programme for Technology and Management for Development, and Fellow of Green-Templeton College)

  2. United Nations University-Maastricht Economic and social Research and training centre on Innovation and Technology, The Netherlands

    Luc Soete (Director of UNU-MERIT) (Director of UNU-MERIT)

Copyright information

© 2010 Jorge Katz

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Katz, J. (2010). Market-Oriented Reforms, Domestic Technological Capabilities and Economic Development in Latin America. In: Fu, X., Soete, L. (eds) The Rise of Technological Power in the South. Palgrave Macmillan, London. https://doi.org/10.1057/9780230276123_7

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