Transforming Industrial Policy for the Digital Age
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Transforming Industrial Policy for the Digital Age

Production, Territories and Structural Change

Edited by Patrizio Bianchi, Clemente R. Durán and Sandrine Labory

This book argues that digital globalization is inducing deep and productive transformations, making industrial policy necessary in order to reorientate development towards inclusive and more sustainable growth. The book also demonstrates that industrialization remains an important development process for emerging countries. Regarding the future of jobs, the authors show how the substitution of labour in automation is not inevitable since technology is also complementary to human capital. Policymakers should pay more attention to the new skills that will be required. A particular concern is is the rapid change in technology and business compared to institutions which take time to adapt. Territories have an important role to play in order to speed-up institutional adaptation, providing they can act coherently with the other levels of government.
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Chapter 6: Long-term challenges of industrial development in Latin America and the Caribbean

Jorge Máttar

Abstract

The purpose of this chapter is to identify and characterize the main structural challenges facing industrial development in Latin America and the Caribbean, from the point of view of the tasks of industrial policy and the inherent challenges of the manufacturing sector. The chapter provides a brief account of the evolution of industrial policy and development in Latin America; it proposes a characterization and identification of the challenges facing Latin American development and, therefore, the industrial policy; it identifies central policies that would be indispensable to face the challenge that is identified with progressive structural change; and finally, it addresses some considerations of the conditions that should prevail for the implementation of an industrial policy that successfully faces the challenge of progressive structural change.

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