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Coordination Failures, Clusters, and Microeconomic Interventions by Rodriguez-Clare, Andres is a Economics, Econometrics and Finance article available to read on EtoBox.

What is Coordination Failures, Clusters, and Microeconomic Interventions about?

he failure of market-oriented reforms to generate high and sustained growth in Latin America has led to the widespread agreement that such reforms should be complemented by other policies. 1 The strategies to complement market-oriented reforms fall into three categories: macroeconomic policies to reduce the region's high vulnerability to crises; institutional and microeconomic reforms to improve the business climate and provide better foundations for growth; and microeconomic or competitiveness policies that include a broad range of government interventions to allow markets, sectors, and companies to take advantage of the opportunities afforded by market-oriented reforms. This paper focuses on the third strategy, which I henceforth refer to as one of microeconomic interventions. Countries have engaged microeconomic interventions for decades. Since the switch to outward-oriented development strategies in the mid-1980s, the main such interventions have been aimed at promoting exports, attracting foreign direct investment (FDI), and supporting small and medium-sized enterprises (SMEs). Another strategy that is receiving renewed interest is promoting innovation. 2 These types of microe

Who reads Coordination Failures, Clusters, and Microeconomic Interventions?

Author

Rodriguez-Clare, Andres

Publisher

Elsevier ; National Association of Postgraduate Centers in Economics, ANPEC; Brasília DF: Associação Nacional de Centros de Pós-Graduação em Economia; [Amsterdam]: Elsevier B.V.; Elsevier BV; Project MUSE (ISSN 1529-7470)

Published

2005

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)