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Full Description
This book argues that Latin America must confront two main challenges: greater innovation to increase productivity, and greater inclusion to incorporate more of the population into the benefits of economic growth. These two tasks are interrelated, and both require greater institutional capacity to facilitate both innovation and inclusion. Most countries in Latin America are struggling to escape what economists label "the middle income trap." While much if not all of the region has emerged from low income status, neither growth nor productivity has increased sufficiently to enable Latin America to narrow the gap separating it from the world's most developed economies. Although income inequality has diminished across much of the region in recent years, social vulnerability remains widespread and institutional weaknesses continue to plague efforts to achieve equitable development. This volume identifies lessons that can be learned and adapted from experiences within the region and inEast Asia, where the middle income trap has largely been avoided.
This book is the result of a collaborative project undertaken by American University's Center for Latin American & Latino Studies (CLALS) and the Corporation for Latin American Studies (CIEPLAN) in Chile, with financial support from the Inter-American Development Bank's Office of Strategic Planning and Development Effectiveness.
Contents
1. Innovation, Inclusion, and Institutions: East Asian Lessons for Latin America?.-2. Inclusive Development: Escaping the Middle Income Trap.-3. Industrial Upgrading and Innovation Capability for Inclusive Growth: Lessons from East Asia.-4. Perspectives on Latin American Technological Innovation.-5. Policies and Institutions for Driving Innovation in Latin America.-6. Productivity, Education, and the Economic Inclusion of Workers and Small Firms in East Asian Development.-7. Integration, Productivity, and Inclusion in Mexico: A Macro Perspective.-8. Middle Classes and Education in Latin America
