In the recent economic history of Latin America no country has yet found the means to combine effectively economic growth with equity. "Unavoidable Industrial Restructuring in Latin America" compares the development path of Latin America with that of the East Asian newly industrialized countries (NICs), the United States, and Europe in the 1970s and 1980s to show the national policies and international cooperation necessary to set Latin American countries on the road to healthy economies.
Fernando Fajnzylber argues that technological and industrial progress is the driving force of a...