A development strategy founded on natural resource-based production clusters

This article contends that the rapid development of Latin America and the Caribbean - a region rich in natural resources- will depend on how fast it learns to industrialize and process its natural resources and to develop the necessary suppliers of inputs, engineering services and equipment for this. Consequently, this will not be a form of development based on the mere extraction of natural resources, as at present, but rather one based on the processing of such resources and the development of the activities that naturally tend to spring up and concentrate around this base (production complexes or clusters).