REVELA analiza las expectativas de los mercados sobre crecimiento e inflación para algunos países latinoamericanos. Los valores analizados representan los resultados de encuestas en el sector privado realizadas por los Banco Centrales de cada país y bajo sus propias metodologías. Dichos...

The presentation gives a brief overview of the most important aspects of adjustment strategies in the ceramic tile cluster in Criciúma and the textiles and clothing cluster in Itajaí Valley, Brazil. It also addresses the question of why industrial district-like structures did not emerge in the...

This paper analyzes five Productive Development Policies (PDPs) implemented in Costa Rica, finding that they are not optimally addressing market failures. Moreover, government failures rather than market failures represent the main justification for PDPs. Even in the presence of market failures,...

Following the research strategy put in practice in the project behind Stein et al. (2008), Policymaking in Latin America: How Politics Shapes Policies, this project will be a collective and interactive process among various country teams and the coordinators. We will build a number of country...

This paper reviews and assesses some of the Productive Development Policies currently being implemented in Uruguay. Three horizontal and three vertical policies are considered in light of the market and public failures they attempt to address and minimize. Horizontal policies comprise...

While Mexico has potential to grow rapidly, its economic growth has remained low for the past three decades. There is no consensus on the country's development path or on how to achieve specific goals. Since the policy debate remains ideological and lacks pragmatism, productive development...

This essay explores the governance mechanisms by which an industrial policy based on Toyota Production System (TPS) principles can learn from, collaborate with and ultimately help transform the context of the economic actors without being captured by them. This working paper was prepared for the...

This paper combines development and growth accounting exercises with economic theory to estimate the relative importance of total factor productivity and the accumulation of factors of production in the economic development performance of Latin America. The regions development performance is...

Jamaica seems to be a puzzling case for economic growth: despite the structural reforms implemented in the last three decades and adequate investment levels, real GDP per capita is roughly the same as in 1970. The disappointing performance of this economy suggests that productive development...

This paper studies three horizontal policy instruments and two vertical ones in Chilean industrial policy, particularly regarding small and medium enterprises (SMEs). The horizontal instruments are (1) a guarantee program for borrowing by SMEs (FOGAPE), (2) a small subsidy to new exports that...