Industry, competitiveness, and technological capabilities in Chile : a new tiger from Latin America?

Chile's export diversification and industrial development since 1974 represents a laboratory case of market liberalization based on neoclassical principles. Advocated by the World Bank as the chief development strategy for most developing countries, Chile implemented what the World Bank is recommending as the lesson of East Asia. The book examines whether the continuous implementation of these policies since 1974 turned Chile into a Tiger. This book investigates these issues in detail with original evidence and analyses at the macro, industrial and microeconomic levels.

The book investigates the issues of Chile and East Aisia since 1974, using original evidence and analyses at the macro, industrial, and microeconomic levels.

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Through analyses of non-traditional exporters at the macro, microeconomic, and industrial levels, Pietrobelli (economics, U. of Tor Vergata, Rome) represents Chile's economic performance from 1974- 88 as a test case of market liberalization based on neoclassical principles. In the context of a dynamic concept of comparative advantage and its relevance for developing countries (as vs. conventional theories), the author contrasts their successes with the achievements of the East Asian tigers, and considers policy implications of such a technological capabilities approach. The survey questionnaire and graphics on economic indicators augment the text. Annotation c. by Book News, Inc., Portland, Or.

Front Matter....Pages i-ix Introduction....Pages 1-3 A Dynamic Concept of Comparative Advantage: Technological Capabilities and Trade Theories....Pages 4-28 Macroeconomic Policy Framework and Economic Performance in Chile: 1974-88....Pages 29-81 National Technological Capabilities and Manufactured Export Performance: a Comparative Approach....Pages 82-121 An Econometric Analysis of the Determinants of Chile’s Comparative Advantage in Non-Traditional Manufactured Goods....Pages 122-147 A Firm-Level Approach to Comparative Advantage: the Case of Selected Exporters of Manufactures....Pages 148-194 Conclusions and Policy Implications....Pages 195-203 Back Matter....Pages 204-239