Breeding Latin American Tigers

Robert Devlin, Graciela Moguillansky

Description

This book is motivated by the emerging rehabilitation of industrial policies as a tool for supporting economic transformation and high rates of growth in developing countries. It argues that underperforming disciples of the Washington Consensus' 'market fundamentalism' should learn and practice the art of systemic industrial policies, which requires a medium-long term strategic perspective and intelligent proactive state interventions in markets. However, it also stresses that rehabilitation requires that industrial policies be developed and implemented in a context of home- grown public-private alliances that avoid state 'capture' by special interests.
It first examines the 'how' of industrial policy in the public sectors of ten non-Latin American countries in Asia, Europe, and Oceania that have been successful in promoting economic catch-up with rich countries, or have performed better than Latin American countries with similar resource endowments. The book defines '10+1' generic First Principles for the use, design, and execution of modern industrial policies, and then examines the experiences of nine Latin American and Caribbean governments against these First Principles. The authors identify large gaps in the organizational and operational effectiveness of their public sectors, and suggest ways to close these gaps.

Informations

• Publié par: world-bank-publications
• Publié le: 11 octobre 2011
• Nombre de lectures: 64
• EAN13: 9780821387443
• Langue: English
• Poids de l'ouvrage: 2 Mo

Extrait

Breeding Latin
American Tigers
OPERATIONAL PRINCIPLES
FOR REHABILITATING
INDUSTRIAL POLICIES
Robert Devlin
Graciela MoguillanskyBreeding Latin American Tigers Breeding Latin
American Tigers
OPERATIONAL PRINCIPLES FOR
REHABILITATING INDUSTRIAL
POLICIES
Robert Devlin
Graciela Moguillansky
a copublication of the united nations
economic commission for latin america
and the caribbean and the world bank© 2011 United Nations Economic Commission for Latin America and the Caribbean (ECLAC)
All rights reserved
1 2 3 4 14 13 12 11
A copublication of the Economic Commission for Latin America and the Caribbean and the
World Bank
ECLAC The World Bank
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Santiago, Chile
The views and opinions expressed in this publication are those of the authors and do not necessarily
reflect the position of the Economic Commission for Latin America and the Caribbean.
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All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office
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2422; e-mail: [e-mail].
ISBN: 978-0-8213-8688-0
eISBN: 978-0-8213-8744-3
DOI: 10.1596/978-0-8213-8688-0
Library of Congress Cataloging-in-Publication Data has been applied for.
Cover design by Drew Fasick.Latin American
Development Forum Series
This series was created in 2003 to promote debate, disseminate information
and analysis, and convey the excitement and complexity of the most topical
issues in economic and social development in Latin America and the Carib-
bean. It is sponsored by the Inter-American Development Bank, the United
Nations Economic Commission for Latin America and the Caribbean, the
Brookings Institution, and the World Bank. The manuscripts chosen for
publication represent the highest quality in each institution’s research and
activity output and have been selected for their relevance to the academic
community, policy makers, researchers, and interested readers.
Advisory Committee Members
Alicia Bárcena Ibarra, Executive Secretary, Economic Commission for
Latin America and the Caribbean, United Nations
Inés Bustillo, Director, Washington Office, Economic Commission for
Latin America and the Caribbean, United Nations
Mauricio Cárdenas, Senior Fellow, Brookings Institution
Augusto de la Torre, Chief Economist, Latin America and the Caribbean
Region, World Bank
Francisco H. G. Ferreira, Deputy Chief Economist, Latin America and the
Caribbean Region, World Bank
Santiago Levy, Vice President for Sectors and Knowledge, Inter-American
Development Bank
Eduardo Lora, Chief Economist (a.i.) and General Manager, Research
Department, Inter-American Development Bank
Ernesto Schargrodsky, Dean, Business School at the Universidad Torcuato
di Tella, Argentina
Luis Servén, Senior Adviser, Development Economics Vice Presidency,
World Bank
Andrés Velasco, Cieplan, Chile
vTitles in the Latin
American Development
Forum Series
Breeding Latin American Tigers: Operational Principles for Rehabilitating
Industrial Policies (2011) by Robert Devlin and Graciela Moguillansky
New Policies for Mandatory Defined Contribution Pensions: Indus-
trial Organization Models and Investment Products (2010) by Gregorio
Impavido, Esperanza Lasagabaster, and Manuel García-Huitrón
The Quality of Life in Latin American Cities: Markets and Perception
(2010) by Eduardo Lora, Andrew Powell, Bernard M. S. van Praag, and
Pablo Sanguinetti, editors
Discrimination in Latin America: An Economic Perspective (2010) by
Hugo Ñopo, Alberto Chong, and Andrea Moro, editors
The Promise of Early Childhood Development in Latin America and the
Caribbean (2010) by Emiliana Vegas and Lucrecia Santibáñez
Job Creation in Latin America and the Caribbean: Trends and Policy
Challenges (2009) by Carmen Pagés, Gaëlle Pierre, and Stefano Scarpetta
China’s and India’s Challenge to Latin America: Opportunity or Threat?
(2009) by Daniel Lederman, Marcelo Olarreaga, and Guillermo E. Perry,
editors
Does the Investment Climate Matter? Microeconomic Foundations of
Growth in Latin America (2009) by Pablo Fajnzylber, José Luis Guasch,
and J. Humberto López, editors
Measuring Inequality of Opportunities in Latin America and the
Caribbean (2009) by Ricardo de Paes Barros, Francisco H. G. Ferreira,
José R. Molinas Vega, and Jaime Saavedra Chanduvi
viiviii titles in the series
The Impact of Private Sector Participation in Infrastructure: Lights,
Shadows, and the Road Ahead (2008) by Luis Andres, José Luis Guasch,
Thomas Haven, and Vivien Foster
Remittances and Development: Lessons from Latin America (2008) by
Pablo Fajnzylber and J. Humberto López, editors
Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? (2007)
by Guillermo Perry, Luis Servén, and Rodrigo Suescún, editors
st Raising Student Learning in Latin America: Challenges for the 21 Century
(2007) by Emiliana Vegas and Jenny Petrow
Investor Protection and Corporate Governance: Firm-Level Evidence
across Latin America (2007) by Alberto Chong and Florencio López-de-
Silanes, editors
Natural Resources: Neither Curse nor Destiny (2007) by Daniel Leder-
man and William F. Maloney, editors
The State of State Reform in Latin America (2006) by Eduardo Lora, editor
Emerging Capital Markets and Globalization: The Latin American
Experience (2006) by Augusto de la Torre and Sergio L. Schmukler
Beyond Survival: Protecting Households from Health Shocks in Latin
America (2006) by Cristian C. Baeza and Truman G. Packard
Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability
(2005) by José Antonio Ocampo, editor
Privatization in Latin America: Myths and Reality (2005) by Alberto
Chong and Florencio López-de-Silanes, editors
Keeping the Promise of Social Security in Latin America (2004) by Inder-
mit S. Gill, Truman G. Packard, and Juan Yermo
Lessons from NAFTA: For Latin America and the Caribbean (2004) by
Daniel Lederman, William F. Maloney, and Luis Servén
The Limits of Stabilization: Infrastructure, Public Deficits, and Growth in
Latin America (2003) by William Easterly and Luis Servén, editors