scholarly journals Productive Development Policies in Costa Rica: Market Failures, Government Failures, and Policy Outcomes

Author(s):  
Ricardo Monge-Gonzalez ◽  
Luis Rivera Batiz ◽  
Julio Rosales-Tijerino
2021 ◽  
Author(s):  
Guendalina Anzolin

Natural resources are an important source for development, and Latin America is one of the regions with the highest endowment. This calls for a reconsideration of resource-based development. Ambitious countries are moving toward high-value activities and more diversified economies to continue moving up the development ladder. In this sense, the resurgence of industrial policy can correct market failures and lead to the implementation of mission-oriented policies. This document analyzes opportunities to design and implement integrated policies through a revised taxonomy of mining-related policies, applying it to Australia, South Africa, and Chile. The mining sector has been a fertile field, characterized by high technology niches, growth, and innovation. Demand and supply policies can shape the path for development within the sector and across the economy due to the potential of vertical and horizontal linkages.


Author(s):  
Gabriel Sánchez ◽  
Inés Butler ◽  
Ricardo Rozemberg

2017 ◽  
Author(s):  
Eduardo Fernández-Arias ◽  
Charles Sabel ◽  
Ernesto Stein ◽  
Alberto Trejos

2014 ◽  
Vol 14 (2) ◽  
pp. 129-143
Author(s):  
Robin Maialeh

Abstract The terms of reference for this study were to outline an inability of market principles to satisfy needs with a focus on natural determination of individuals. The author tries to define causes of market failures in satisfying of basic human needs and outlines a way how to overcome the problems stated. In the first part, evidence of elemental dissatisfaction is collected as the ground for improvements, namely an inequality as the highest hurdle on the way to satisfying of needs. The subsequent chapters analyze the role of market, especially in the context of four antagonistic relationships - macro and micro level; inequality and commonness. Chapters deal with the fact that profit maximization principally impedes satisfaction of fundamental human needs. Furthermore, mainstream development policies on macro-level are discussed. On the examples of foreign investments and market integration, the archetypal solutions for boosting economies, it is shown that in a strict economic sense, no investments principally cannot be measure to satisfy of basic human needs in a global scale. The paper indicates that general priorities of human beings are beyond the frame of contemporary economic configuration


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