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Oportunidades perdidas: innovacion y crecimiento en base a recursos en America Latina, Volume 1
 
Author:Maloney, William F.; Country:Latin America;
Date Stored:2005/06/21Document Date:2002/12/01
Document Type:Policy Research Working PaperLanguage:Spanish
Major Sector:(Historic)Sector not applicableRegion:Latin America & Caribbean
Report Number:WPS2935Sub Sectors:(Historic)Sector not applicable
Collection Title:Policy, Research working paper ; no. WPS 2935Volume No:1

Summary: Latin America missed opportunities for rapid resource-based growth that similarly endowed countries-Australia, Canada, Scandinavia-were able to take advantage of. Fundamental to this poor performance was deficient technological adoption driven by two factors. First, deficient national "learning" or "innovative" capacity, arising from low investment in human capital and scientific infrastructure, led to weak ability to innovate or even take advantage of technological advances abroad. Second, the period of inward-looking industrialization discouraged innovation and created a sector whose growth depended on artificial monopoly rents rather than the quasi-rents arising from technological adoption, and at the same time undermined resource-intensive sectors that had the potential for dynamic growth.

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