Abstract

ESCAITH, Hubert. Industrialización truncada y terciarización sustitutiva en América Latina. Prob. Des [online]. 2006, vol.37, n.147, pp.45-80. ISSN 0301-7036.

The paper analyzes the evolution of labor productivity in Latin America in the period 1960-2003. The results are compared with those obtained in a selection of Asian countries. Unlike Asia, Latin American industry has not been able to assume a role at the growth pole and the expected productive transition towards industrialization has been truncated. An insufficient supply of high-productivity jobs has resulted in a deterioration of jobs created in the service sector, culminating in growing labor informality, greater inequality and a systemic loss of competitiveness. A review of the initial conceptual model is proposed to incorporate these newly stylized facts and to specify the macroeconomic restrictions that have impeded a full transition towards industrialization, favoring the emergence of a new economic and social dualism.

Keywords : Latin America; development economics; productivity measurement; industrialization and services; formal and informal sectors.

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