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Structural Reforms, Productivity and Technological Change in Latin America

image of Structural Reforms, Productivity and Technological Change in Latin America

Profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open to the rest of the world. This publication looks at the effects of these reforms in an effort to determine whether such expectations as growth, increased productivity, the creation of new jobs and greater equity have been fulfilled. Focusing on technological change, the publication also examines the impact of the reforms on the process of innovation.

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Technological change and labour productivity growth in non-manufacturing sectors: Telecommunications services and mining

Thus far the discussion has addressed whether the Latin American manufacturing sector managed to close the relative labour productivity gap with the international productivity frontier in the last three decades, in particular after the market-oriented structural reforms were introduced in the 1990s. This chapter shows that many of the processes that took place in the region’s industrial sectors extend to non-manufacturing fields as well, including telecommunications and mining. The acceleration in the growth rate of labour productivity in the 1990s and the gradual closing of the relative labour productivity gap with the international technological frontier were, in fact, more system-wide phenomena affecting many other production activities beyond industry itself.

English

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