Devlin, RobertMoguillansky, Graciela2012-03-192012-03-192011978-0-8213-8688-0https://hdl.handle.net/10986/2385The 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 transformation based on industrial policies. Chapter three focuses on the principle that strategies for productive transformation with modern industrial policies should rest on effective, locally grown public-private alliances. Chapter four introduces and illustrates principles 3-6, which focus on the 'how' of public sector leadership in the public-private alliance and the formulation and execution of strategies. Chapter five presents and illustrates principles 7-11, which are concerned with the public sector management of support programs and incentives. Chapter six shifts the focus to Latin America. It reviews the past and current nature of development strategies in the region, pointing to their strengths and weaknesses as tools for guiding productive transformation. In chapter seven, the author follow the path of principles 3-11 to critically evaluate the nature of public sector leadership in strategy execution and the modes for managing programs and incentives. Finally, chapter eight presents our central conclusions, which suggest that while some countries in Latin America have been planting the seeds of these 11 principles gleaned from our extra-regional success cases, they still have considerable work to do.CC BY-NC-ND 3.0 IGOACCESS TO INFORMATIONADVANCED COUNTRIESAGENCY PROBLEMSAGRICULTUREBANKRUPTCIESBINDING CONSTRAINTSBONDHOLDERSBUSINESS ENVIRONMENTCAPACITY BUILDINGCAPITAL CONTROLSCAPITAL FORMATIONCAPITAL MARKETSCAPITALIST ECONOMIESCARTELCOMMERCIAL BANKSCOMMODITIESCOMMODITYCOMMODITY PRICESCOMMUNICATIONS TECHNOLOGYCOMPARATIVE ADVANTAGECOMPARATIVE ADVANTAGESCOMPETITIVENESSCOPYRIGHTCOPYRIGHT CLEARANCECOPYRIGHT CLEARANCE CENTERCORPORATE GOVERNANCECREDITORCRITICAL MASSDATA AVAILABILITYDEBTDEBT CRISISDEBT OVERHANGSDEVALUATIONDEVELOPING COUNTRIESDEVELOPMENT BANKDEVELOPMENT ECONOMICSDEVELOPMENT POLICYDEVELOPMENT STRATEGIESDEVELOPMENT STRATEGYDOMESTIC MARKETDOMESTIC MARKETSE-MAILECONOMIC COOPERATIONECONOMIC CRISESECONOMIC CRISISECONOMIC DEPRESSIONECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC HISTORYECONOMIC PERFORMANCEECONOMIC REFORMSECONOMIC STRUCTUREELASTICITYEMERGING ECONOMIESEMERGING MARKETEMERGING MARKET ECONOMIESENABLING ENVIRONMENTEQUIPMENTEXCHANGE RATEEXPENDITUREEXPORT BASEEXPORT GROWTHEXPORT MARKETEXPORT MARKETSEXPORT PROCESSING ZONESEXPORT SECTOREXPORTERSEXPORTSEXTERNAL TRADEFINANCIAL CRISISFINANCIAL MARKETFISCAL DISCIPLINEFISCAL POLICYFIXED INVESTMENTFOREIGN CAPITALFOREIGN DEBTFOREIGN DIRECT INVESTMENTFREE TRADEFREE TRADE AGREEMENTGDPGDP PER CAPITAGLOBAL ECONOMIC PROSPECTSGLOBAL ECONOMYGLOBALIZATIONGOLD STANDARDGOVERNMENT BUDGETGOVERNMENT INTERVENTIONGOVERNMENT INTERVENTIONSGROSS DOMESTIC PRODUCTGROWTH RATEGROWTH RATESHUMAN CAPITALHUMAN CAPITAL DEVELOPMENTHUMAN DEVELOPMENTHUMAN RESOURCESINCOMEINCOME LEVELSINDEBTEDNESSINDUSTRIAL COUNTRIESINDUSTRIALIZATIONINFORMATION TECHNOLOGYINSTITUTIONINTEREST RATESINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL ECONOMICSINTERNATIONAL ECONOMYINTERNATIONAL FINANCIAL CRISISINTERNATIONAL MARKETSINTERNATIONAL RESERVESINTERNATIONAL TRADEINVESTMENT CLIMATEINVESTMENT PATTERNINVESTMENT RATESINVESTOR PROTECTIONJOB CREATIONLABOR MARKETLEGAL SYSTEMSLEVYLICENSESLOCAL CAPACITIESLOCAL MARKETSMACROECONOMIC ADJUSTMENTMACROECONOMIC BALANCEMACROECONOMIC ENVIRONMENTMACROECONOMIC MANAGEMENTMACROECONOMIC POLICYMACROECONOMIC STABILITYMACROECONOMIC STABILIZATIONMACROECONOMIC STABILIZATION POLICYMACROECONOMIC VULNERABILITYMANUFACTURING INDUSTRIESMARKET ECONOMYMARKET EFFICIENCYMARKET ENVIRONMENTMARKET FAILURESMARKET PRICEMARKET PRICESMARKET SHAREMARKET SIZEMATERIALMONETARY FUNDMONETARY POLICYMULTILATERAL LENDERSNATIONAL DEVELOPMENTNATURAL RESOURCENATURAL RESOURCESNEW PRODUCTOPERATIONAL PRINCIPLESOUTPUT RATIOSOVERVALUATIONOVERVALUED EXCHANGE RATESPENSIONSPER CAPITA INCOMEPOLITICAL CYCLESPOLITICAL ECONOMYPOLITICAL SYSTEMPOLITICAL UNCERTAINTYPORTFOLIOPOWER PARITYPRICE ELASTICITYPRIVATE MARKETSPRIVATE SECTORPRIVATIZATIONPRODUCT DIFFERENTIATIONPRODUCTIVITYPRODUCTIVITY GROWTHPROPERTY RIGHTSPROTECTIONISMPUBLIC DEFICITSPUBLIC GOODPUBLIC INVESTMENTSPUBLIC POLICIESPUBLIC POLICYPUBLIC-PRIVATE PARTNERSHIPSPURCHASING POWERQUERIESREAL INTERESTREAL INTEREST RATESREGULATORY FRAMEWORKSREMITTANCESRENT SEEKINGRETURNSSAVINGSSHARE OF WORLD TRADESHORT-TERM CAPITALSOCIAL DEVELOPMENTSOCIAL PROTECTIONSTATE CAPTURESTRUCTURAL CHANGETAXTAX CREDITSTAXATIONTECHNICAL ASSISTANCETELECOMMUNICATIONSTELEPHONETOTAL FACTOR PRODUCTIVITYTOTAL OUTPUTTRADE LIBERALIZATIONTRANSPARENCYTREASURYUNDERDEVELOPED COUNTRIESVALUATIONSVALUE ADDEDVOLATILITYWORLD DEVELOPMENT INDICATORSWORLD ECONOMYWORLD MARKETSWORLD TRADEWORLD TRADE ORGANIZATIONWTOUnited Nations Economic Commission for Latin America and the Caribbean10.1596/978-0-8213-8688-0