From Natural Resources to the Knowledge Economy : Trade and Job Quality
The study questions whether, after a decade of remarkable progress in trade reform, Latin America and the Caribbean really integrates into the global market, offering a promising rapid growth, and good jobs for its workers. For despite the incidenc...
| Main Authors: | , , , |
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2002/01/1662734/natural-resources-knowledge-economy-trade-job-quality http://hdl.handle.net/10986/14040 |
| Summary: | The study questions whether, after a
decade of remarkable progress in trade reform, Latin America
and the Caribbean really integrates into the global market,
offering a promising rapid growth, and good jobs for its
workers. For despite the incidence of the loosely called
"knowledge economy", the concern prevails that
most countries' rich natural resources, still are the
determining factor for exports. Policy recommendations
include fostering openness to trade, market access, and
foreign direct investment flows, in addition to building
human capital, institutions, and public infrastructure,
without disregarding the natural advantages. To this end,
policymakers should aim at developing educational systems
that provide quality education, focused on lifelong
learning, and training activities to build human capital.
Emphasis should follow on research and development (R&D)
incentives, and innovations systems, arguing that countries
should experiment with taxation incentives, and subsidies to
promote both private, and public investments in R&D,
(dependent on the institutional capacity of governments to
enforce tax laws, and monitor the quality of investments).
Moreover, evidence in this report, suggests that
information, and communications technology (ICT) can reduce
coordination costs, enabling an effective industrialization,
and market access. |
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