Missed Opportunities : Innovation and Resource-Based Growth

The article discusses the 20th century opportunities for rapid natural resource-based growth that Latin America systematically missed. Even if it were the case that resource abundant countries have experienced relatively slow growth, the more interesting question is why some -Australia, and Sweden for example -successfully and rapidly developed while others did not. . Latin America seemed unable to follow their lead. Latin America's underperformance, and its particularly virulent strain of dependency, are in substantial measure due to impediments to technological adoption and innovation arising from weak national "learning" capacity, and the perverse incentives of the protectionist era.

Bibliographic Details

Main Author:	Maloney, William F.
Language:	English
Published:	World Bank, Washington, DC 2003-09
Subjects:	AGRICULTURE, ARI, CAPITAL FORMATION, COMPARATOR COUNTRIES, DEPRESSION, DISCOVERIES, ECONOMIC DEVELOPMENT, ENGINEERING, ENGINEERS, EXPLOITATION, FISH, FORESTRY, FRUITS, INNOVATION, KNOWLEDGE ECONOMY, KNOWLEDGE NETWORKS, LAWS, LEARNING, LITERACY, MINING TECHNOLOGY, NATURAL RESOURCES, NEW TECHNOLOGIES, PATENTS, PERVERSE INCENTIVES, PRODUCERS, PRODUCTIVITY, PRODUCTIVITY GROWTH, TECHNOLOGY DEVELOPMENT, UNIVERSITIES, WORKERS NATURAL RESOURCE CURSE, UNDERACHIEVERS, TECHNOLOGICAL CHANGE, AGRICULTURAL PRODUCTIVITY, ENDOGENOUS DEVELOPMENT, GROWTH, TECHNICAL CAPABILITIES,
Online Access:	http://documents.worldbank.org/curated/en/2003/09/3261254/missed-opportunities-innovation-resource-based-growth https://hdl.handle.net/10986/10376
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