Quality of Latin American and Caribbean Industrialization and Integration Into the Global Economy

Quality of Latin American and Caribbean Industrialization and Integration Into the Global Economy Synopsis

Despite an increase in manufacturing activity in Latin America and the Caribbean, the growth in value-added generated by exports of manufactures has been disappointing in most cases. In order to harness trade as a driving force of growth not only for the manufacturing sector but also natural resource-based ones and services, Latin America and the Caribbean should adopt more proactive, forward-looking national policies, concurrent with the rapidly changing world marketplace, under a strong alliance between the public and private sectors.

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