Breeding Latin American tigers : operational principles for rehabilitating industrial policies / Robert Devlin, Graciela Moguillansky

Author(s): Devlin, Robert
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Subjects: Industrial policy--Latin America
Industrial policy--Developing countries
Economic development--Latin America
Latin America--Economic policy
Formats: Print
Material Type: Books
Language: English
Audience: Unspecified
Published: Santiago, Chile : ECLAC ; Washington, DC : World Bank, c2011
Series: Latin American development forum series
Latin American development forum
LC Classification: H, HD
Physical Description: xxiii, 271 p. : ill. ; 23 cm
Table of Contents: Foreword xvii
Acknowledgments xxi
Abbreviations xxiii
Introduction 1
pt. I . Operational Principles for Effective Public Management of Industrial Policies 7
1.. The Latin American Laggards 9
The Elusive Path to Convergence 9
The Latin American Reformers: Did the Washington Consensus Help or Hamper Growth? 13
Characteristics Underpinning Latin American Growth: A Brief Overview of the Stylized Facts 16
2.. The First Principle: Medium- to Long-Term Development Strategies Supported by Industrial Policies Can Foster Economic Catch-Up 35
The Character of Development Strategies: An Initial Snapshot 35
Opting for the Industrial Policy Approach: The Power of Association 39
More on Why We Think Medium- to Long-Term Development Strategies with Industrial Policies Are Important for Latin America 41
Development Strategies in Practice 46
Ten Extraregional Success Cases 46
The Strategies: Stylized Facts 49
Four Strategic Orientations 55
Annex 2A . Strategies in the Selected Countries 60
3.. The Second Principle: Create Public-Private Alliances for Effective Development Strategies and Industrial Policies 79
The Scope of Public-Private Alliances 82
Alliances in the 10 Success Cases 83
Consensus Building 88
Alliances in Practice 90
A Snapshot of the Nature of Three Alliances 90
A Closer Look at the Achievements and Limitations of the Irish Alliance 92
4.. Operational Principles for Supporting Public Sector Leadership 105
The Third Principle: Give the Baton to the "Real" Sector Ministries 106
The Fourth Principle: Promote Medium- and Long-Term Policy Strategic Thinking 110
The Finnish Example 111
Foresight Analysis in Other Success Cases 112
The Fifth Principle: Each Priority Area or Activity in a Strategy Should Have at Least One Dedicated Implementing Agency 113
The Sixth Principle: The More Structured and Specific a Strategy, the Greater the Need for Coordination among Ministries and Agencies and the More Likely Cabinet-Level Coordination Will Not Be Enough 116
Seventh Principle: For Medium- and Long-Term Strategies to Be Effective, Public Sector Personnel Must Be Highly Professional, Career Oriented, and Nonpoliticized 123
Annex 4A . Alberta Oil Sands Technology and Research Authority: Leading Innovation to Exploit the Oil Sands in Alberta, Canada 125
Annex 4B . The Autonomous Community of Andalusia: Another Subnational Case 127
5.. Principles for Managing Programs and Incentives 133
The Eighth Principle: The Effective Application of Incentives Must Be Assessed Not Only by How They Are Individually Managed But Also by How They Are Coordinated for a Systemic Effect 133
The Ninth Principle: The Effectiveness of Programs and Instruments Is Intimately Linked to the Way in Which the Process Is Managed 140
The Tenth Principle: The Effectiveness of Strategies Is Dependent on an Objective Assessment of Implementation and Their Impact on the Objectives Set Out 146
The Eleventh Principle: Structured Public-Private Alliances Representing a Diversity of Interests, with Well-established Rules, Transparency, and Evaluation, and Supported by a Professional Public Bureaucracy, Can Minimize the Risk of Private Sector Capture of the Government 148
Annex 5A . Efficiency of Tax Credits for Research and Development 150
Annex 5B . Finland: Evaluation of the Electronics and Telecommunications Program 151
pt. II . Are the Operational Principles Relevant for Latin America? 155
6.. Medium- and Long-Term Strategies Based on Public-Private Alliances 157
From a Strategic and Structural Economics Tradition to the Washington Consensus 157
The Role of Planning in the Context of State Leadership 158
Strategies after the Washington Consensus 163
Contemporary Public-Private Alliances: Achievements and Limitations 173
Advisory Councils to the Presidency 174
More on National Alliances 180
Public-Private Collaboration in Sectors and Regions 189
Public-Private Alliances in the Agencies 192
Annex 6A . Summary of National Development Strategies 194
7.. Implementing a Strategic Vision 207
The Search for Political and Technical Leadership 207
Formulas to Support Leadership 213
Forecasting Exercises: A Tool to Support Leadership 215
Leadership Also Depends on Available Financial Resources 216
On the Need for Coordination 217
Integrated Programs and Incentives to Meet the Goals of the National Development Strategy 221
Minimizing Risks of State Capture: Transparency and Evaluation 228
8.. Conclusions: The Three Main Pillars of Our Operational Principles 235
The First Pillar . A Proactive Medium- to Long-Term National Strategic Vision Is Essential 237
The Second Pillar . The Support Role Played by Public-Private Alliances Is Critical to Success 239
The Third Pillar . Execution 242
Where to Begin? 246
Index 251
Additional Authors: Moguillansky, Graciela
Notes: LCCN: 2011034139
ISBN: 9780821386880
ISBN: 0821386883
ISBN: 9780821387443 (electronic)
ISBN: 0821387448 (electronic)
"A copublication of United Nations Economic Commission for Latin America and the Caribbean and the World Bank."
Includes bibliographical references and index
OCLC Number: 697266934
ISBN/ISSN: 9780821386880