Latin American Subregional Development Institutions

2015 ◽  
pp. 65-115
Author(s):  
Francesco Seatzu
Keyword(s):  
Latin American ◽  
Development Institutions

Nontraditional Export Promotion in Costa Rica: Sustaining Export-Led Growth

1995 ◽  
Vol 37 (2) ◽  
pp. 181-224 ◽  
Author(s):  
Mary A. Clark
Keyword(s):  
International Development ◽  
Latin American ◽  
Structural Adjustment ◽  
Growth Patterns ◽  
Development Institutions ◽  
Lost Decade ◽  
New Policies ◽  
Export Industries ◽  
External Actors

In many Latin American countries during the 1980s, domestic elites joined with international development institutions to advocate structural adjustment policies as the solution to the region's “lost decade.” Proponents of such policies sought economic rejuvenation based on export-led growth (ELG) strategies. The new ELG programs were to replace importsubstituting industrialization (ISI) schemes and complement traditional primary commodity exports with new agricultural and industrial exports (nontraditionals). It was hoped that these Latin American nations would replicate the spectacular growth patterns of the East Asian “dragons” by exploiting comparative advantages to build nontraditional export industries.Whereas ELG strategies have proven to be sustainable over the long-term in East Asia, research on the evolution of such policies in Latin America is only beginning. The problem of sustainability bedevils all ELG programs, particularly in those countries which relied on external actors to design the new policies and fund supporting institutions.

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