Modern Industrial Policy in Latin America
Industrial clusters have developed in many regions and countries of Latin America. They have often been supported by active policies undertaken at the national (federal) and local levels, sometimes with the financial and technical assistance of international organizations. These experiences have been most remarkable, and share several elements of the ‘modern’ industrial policies that enjoy an increasing consensus in the literature. The vast experience of locally based forms of active policies that have proliferated in Latin America reflects a modern approach to industrial policies, with clever interactions of private and government sectors, a process of discovery of the necessary public policy inputs, and interactive design and implementation of these policies.