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Mañana today: a long view of economic value creation in Latin America

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  • García R, Enrique
  • Mendez, Alvaro

Abstract

This commentary concerns the significant opportunities which the global economy’s current nearshoring trend offers the Latin American and Caribbean (LAC) region owing to a US–China decoupling. Yet the region, generally, is woefully unprepared. The state of the LAC will make or break the peoples’ attempts to exploit the new potential to better themselves. Yet the short-termist myopia and public policy neglect of politicians is the greatest obstacle to the kind of development the region needs the most: high-quality FDI enabling educated innovators to push LAC up the rank of global value chains; or else it will be trapped in middle income, at best.

Suggested Citation

  • García R, Enrique & Mendez, Alvaro, 2021. "Mañana today: a long view of economic value creation in Latin America," LSE Research Online Documents on Economics 110857, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:110857
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    References listed on IDEAS

    as
    1. Keun Lee & Franco Malerba & Annalisa Primi, 2020. "The fourth industrial revolution, changing global value chains and industrial upgrading in emerging economies," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 23(4), pages 359-370, October.
    2. Gaston Fornes & Alvaro Mendez, 2018. "The China-Latin America Axis," Springer Books, Springer, edition 2, number 978-3-319-66721-8, March.
    3. Bailey, Nicholas & Warby, Brian, 2019. "Explaining the competition for FDI: Evidence from Costa Rica and cross-national industry-level FDI data," Research in International Business and Finance, Elsevier, vol. 47(C), pages 67-77.
    4. Daniel Lederman & Julián Messina & Samuel Pienknagura & Jamele Rigolini, 2014. "Latin American Entrepreneurs : Many Firms but Little Innovation [El emprendimiento en América Latina : muchas empresas y poca innovación]," World Bank Publications - Books, The World Bank Group, number 16457.
    5. Guimón, José & Chaminade, Cristina & Maggi, Claudio & Salazar-Elena, Juan Carlos, 2018. "Policies to Attract R&D-related FDI in Small Emerging Countries: Aligning Incentives With Local Linkages and Absorptive Capacities in Chile," Journal of International Management, Elsevier, vol. 24(2), pages 165-178.
    6. Mateo Crossa & Nina Ebner, 2020. "Automotive global value chains in Mexico: a mirage of development?," Third World Quarterly, Taylor & Francis Journals, vol. 41(7), pages 1218-1239, July.
    7. World Bank, 2020. "Global Economic Prospects, January 2020," World Bank Publications - Books, The World Bank Group, number 33044.
    8. Alvaro Mendez, 2019. "Latin America and the AIIB: Interests and Viewpoints," Global Policy, London School of Economics and Political Science, vol. 10(4), pages 639-644, November.
    9. World Bank, 2020. "Doing Business 2020," World Bank Publications - Books, The World Bank Group, number 32436.
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    More about this item

    JEL classification:

    • N0 - Economic History - - General
    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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