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Protectionism and industrialization: a critical assessment of the Latin American industrialization period

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  • Noemi Levy-Orlik

Abstract

Protectionist policies were considered one of the pivotal features of the import industrialization process in Latin America. In this paper the effects of protectionist policies are assessed in terms of the principal macroeconomic variables, productive structure and external trade composition; also, ECLAC’s perspective on the import substitution process is discussed. The main conclusions are that regional protectionist policies were spontaneous, and their effects were limited due to the generalized protection that took place and the government’s commitment to price stability. JEL classification: F11; F12; L1; L5; O11; O24; O14; O25.

Suggested Citation

  • Noemi Levy-Orlik, 2009. "Protectionism and industrialization: a critical assessment of the Latin American industrialization period," Brazilian Journal of Political Economy, Center of Political Economy, vol. 29(4), pages 436-453.
    • Handle: RePEc:ekm:repojs:v:29:y:2009:i:4:p:436-453:id:508
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/508/507
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    Cited by:

    1. Víctor Ramiro Fernández & Matthias Ebenau & Alcides Bazza, 2018. "Rethinking Varieties of Capitalism from the Latin American Periphery," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(2), pages 392-408, June.

    More about this item

    Keywords

    ISI model; Latin American; industrialization; protectionism;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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