The specific structure of the book is as follows: chapter one reviews the current situation of Latin America, which historically has been a laggard in economic performance. Chapter two introduces the first principle: the urgency of developing a medium- to long-term strategy for productive...

Latin America was an aggressive practitioner of industrial policies (IP) in the years 1950-1980. During much of the period the general practice was in line with the then mainstream thinking in development economics. Significant growth, industrialization and modernization took place, but serious...