Charles Sabel is Maurice T. Moore Professor of Law at Columbia Law School. Eduardo Fernandez-Arias is Lead Economist at the Inter-American Development Bank. Ricardo Hausmann is Director of the Center for International Development at Harvard University. Andres Rodriguez-Clare is Professor of Economics at Pennsylvania State University. Ernesto Stein is Lead Economist at the Inter-American Development Bank.
The traditional pessimism regarding Latin American economies is
rapidly fading, and this high-quality collection of 11 success
stories helps explain why. U.S. consumers have grown accustomed to
good-value wines from Chile, beautiful flowers from Colombia,
nutritious avocados from Mexico, and well-engineered Embraer jets
from Brazil. These case studies trace the birth and growth of the
dynamic industries that produce these goods, placing special
emphasis on the helping hands of governments and on the
self-interested cooperation among local firms. As the strong
overview by Sabel underscores, governments can assist in basic
research and patent protection, offer tax incentives and targeted
credits, ensure quality and safety standards, and promote the
'country brand.' Rather than destroy one another through
competition, local firms can band together to lobby national and
foreign governments for favorable treatment.
*Foreign Affairs*
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