Which Industrial Policies are Meaningful for Latin America?
Jan 2006
This paper's main concern is to assess which "industrial policies" would be meaningful for Latin America nowadays. The first section introduces the theme while the second section considers definitions of "industrial policies" and their nature in the past. The third section centers on national growth experiences that may serve as paradigms. Section IV is on economies, which are growth paradigms, and on their policies. Section V is on present multilateral constraints on "industrial policies". Section VI explains the institution building, macroeconomics and industrial policies. Section VII analyses industrial policy alternatives. The paper concludes with section VIII that is on policy recommendations seeking to improve criteria to pick winners where market failures are especially costly.