Latin America” Political Economy Praxis & Theory
…
→ Juan Bautista Alberdi
→ Raúl Prebisch
→ Gremious Protoindustriales
→ Obraje
- https://hispanoamericaunida.com/2013/12/21/la-riqueza-industrial-en-la-epoca-virreinal/
Latin America vs East Asia
Schumpeterian Dynamics: Schumpeterian Dynamics refers to the process of economic evolution driven by innovation, entrepreneurship, creative destruction, and the continual renewal of industries and economies.
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| Dimensions | East Asian (Good) | Latin American (Bad) |
|---|---|---|
| Protections Time Frame | Temporary | Permanent |
| Markets | World | Tiny Local Market |
| Learning Curve | Steep | Lags |
| Dynamics | Schumpeterian | Static (Planned Economy) |
| Domestic Competition | Great | Little |
| Core Technology | Controller | Imported (Superficial Industrialization) |
| Education | Planned for Industry | Did does not match industry (Feed immigration) |
| Selection System | Meritocracy | Nepotism |
References
- Political economy
- Political Economy
- Political Economy I
- School of Politics & Economics
- Political Economy Reading List
- Introduction to Political Economy
- O'Hara, Phillip, ed. Encyclopedia of Political Economy: 2-volume set. Routledge, 1999.
- Ang, Yuen Yuen. "Adaptive Political Economy: Toward a New Paradigm." World Politics (2024).
- The Political Economy of Industrial Policy https://www.nber.org/papers/w32507