"Technological dynamism and social inclusion in Latin America: a resource-based production development strategy"

2010. “Technological dynamism and social inclusion in Latin America: a resource-based production development strategy” CEPAL Review Nº 100, pp. 121-141.

Link: CEPAL Review Nº 100, pp. 121-141.

2008. Longer version downloadable as Working Paper: "A Vision for Latin America: a resource-based strategy for technological dynamism and social inclusion" Globelics WP Series No. WPG0804, ISBN: 978-970-701-963-8, July.

Download: GWP2008-04

Download (Alternative): PEREZ Vision English Globelics wp0804-en.pdf (499kb)


This paper sets out a strategy for invigorating development in Latin America by taking advantage of specific opportunities in the current context and the advantages offered by the region. It briefly analyses the characteristics of globalization and the techno-economic paradigm of the information and communications technology revolution in order to identify new opportunities in terms of markets, positioning in global networks and technological options. From this perspective, it argues that natural resource-based process industries can complement the specialization of Asia in assembly industries. Given the low rate of employment in the former, it proposes a dual strategy that includes promoting "bottom-up" wealth creation by taking advantage of the new flexibility in technological diversity, transport and trade. The idea is to stimulate policy debate and experimentation and signpost some avenues of research. 

Table of Contents:

1. Introduction 
By way of executive summary
2. Changing Conditions; Changing Strategies
Success and obsolescence of the Import Substitution model
3. Globalization and its Determinants 
The ICT paradigm and the global corporation 
4. The Context and a Resource Based Strategy 
A dual approach for a dual reality
5. Hyper-Segmentation of Markets
Opportunities at both ends of the dual model
6. Hyper-Segmentation of the Value Network
Strategies and policies for mutual advantage
7. Hyper-Segmentation of Technologies
Increasing high-tech specialization coexisting with traditional methods 
8. The Seed of the Future
Using the current market opportunities to prepare conditions for a leap in future technologies
9. A Temporary Window of Opportunity
and why theories about resource-based development are also temporary
10. Implementing the Vision
Generating consensus and establishing an adequate institutional framework
11. References  


Published 2002

'...the book fills an important gap in the literature on business cycles and innovations. I most strongly commend it to all those attempting to understand the past and future evolution of technology and the economy.'

Christopher Freeman, Emeritus Professor, SPRU,
University of Sussex, UK

'...Carlota Perez shows us that historically technological revolutions arrive with remarkable regularity, and that economies react to them in predictable phases. Her argument provides much needed perspective not just on history, but on our own times. And especially on our own information revolution.'

W. Brian Arthur, Santa Fe Institute, New Mexico

‘For contents page, selected extracts and further details, click here’.

Technological Revolutions Financial bubbles Installation Period Frenzy Deployment Period Golden Ages Dual strategy Techno‑economic paradigms Neo‑Schumpeterian Respecialization Synergy Turning Point Future markets Knowledge society Green growth Maturity Full global development Globalization Sustainability Socio‑economic development Paradigm shifts Irruption Market hyper‑segmentation