Missed Opportunities : Innovation and Resource-Based Growth

Maloney, William F.

World Bank, Washington, DC

关键词: AGRICULTURE;    ARI;    CAPITAL FORMATION;    COMPARATOR COUNTRIES;    DEPRESSION;   

RP-ID  :  28431

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The article discusses the 20th centuryopportunities for rapid natural resource-based growth thatLatin America systematically missed. Even if it were thecase that resource abundant countries have experiencedrelatively slow growth, the more interesting question is whysome -Australia, andSweden for example -successfully andrapidly developed while others did not..Latin Americaseemed unable to follow their lead. Latin America'sunderperformance, and its particularly virulent strain ofdependency, are in substantial measure due to impediments totechnological adoption and innovation arising from weaknational "learning" capacity, and the perverseincentives of the protectionist era.