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The challenge of industrial competitiveness
- Source: CEPAL Review, Volume 1993, Issue 51, Dec 1993, p. 49 - 67
- Spanish
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- 31 Dec 1993
Abstract
Latin American manufacturing industry has undergone various changes in recent years. It has registered a favourable performance as far as exports are concerned, but production and investment have grown only slowly in a context of sluggish recovery of domestic demand and greater foreign competition. Other features are greater specialization in natural resource-based intermediate goods characterized by the importance of economies of scale, relatively long lead times for the heavy investments required, and the presence of privatized and transnational enterprises.
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