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Innovation and Inclusion in Latin America - Strategies to Avoid the Middle Income Trap (Paperback, Softcover reprint of the original 1st ed. 2016)
Loot Price: R3,551
Discovery Miles 35 510
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Innovation and Inclusion in Latin America - Strategies to Avoid the Middle Income Trap (Paperback, Softcover reprint of the original 1st ed. 2016)
Series: Studies of the Americas
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Total price: R3,571
Discovery Miles: 35 710
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This book argues that Latin America must confront two main
challenges: greater innovation to increase productivity, and
greater inclusion to incorporate more of the population into the
benefits of economic growth. These two tasks are interrelated, and
both require greater institutional capacity to facilitate both
innovation and inclusion. Most countries in Latin America are
struggling to escape what economists label "the middle income
trap." While much if not all of the region has emerged from low
income status, neither growth nor productivity has increased
sufficiently to enable Latin America to narrow the gap separating
it from the world's most developed economies. Although income
inequality has diminished across much of the region in recent
years, social vulnerability remains widespread and institutional
weaknesses continue to plague efforts to achieve equitable
development. This volume identifies lessons that can be learned and
adapted from experiences within the region and in East Asia, where
the middle income trap has largely been avoided. This book is the
result of a collaborative project undertaken by American
University's Center for Latin American & Latino Studies (CLALS)
and the Corporation for Latin American Studies (CIEPLAN) in Chile,
with financial support from the Inter-American Development Bank's
Office of Strategic Planning and Development Effectiveness.
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