Institutional challenges, the middle-income trap, and the pursuit of global economic integration in Latin America

Doctor, Mahrukh

Abstract

The main puzzle that this chapter sheds light on is how and why institutions have posed an obstacle to implementing policies that support innovation and competitive integration of Latin America into the global economy? It presents an overview of the challenges to institutional change at the heart of the challenges of development, and a lens through which to understand these challenges. The chapter is presented in five sections: (i) overview of regional economic performance with a focus on levels of integration into the global economy and innovation efforts to support competitive integration; (ii) evolving approaches to development policy; (iii) theories of institutional change with a focus on the challenges facing the region; (iv) issues related to developing institutions that foster innovation and competitive integration; and (v) some lessons for escaping the middle-income trap.

Citation

Doctor, M. (2024). Institutional challenges, the middle-income trap, and the pursuit of global economic integration in Latin America. In E. Amann, & P. N. Figueiredo (Eds.), Innovation, Competitiveness and Development in Latin America: Lessons from the Past and Perspectives for the Future (21-43). Oxford University Press. https://doi.org/10.1093/oso/9780197648070.003.0002

• Online Publication Date: Mar 21, 2024
• Publication Date: Feb 20, 2024
• Deposit Date: Jan 6, 2023
• Publicly Available Date: Feb 21, 2025
• Publisher: Oxford University Press
• Pages: 21-43
• Book Title: Innovation, Competitiveness and Development in Latin America: Lessons from the Past and Perspectives for the Future
• Chapter Number: 2
• ISBN: 9780197648070
• DOI: https://doi.org/10.1093/oso/9780197648070.003.0002
• Keywords: Latin America; Innovation; Institution; Economic development; Economic policy
• Public URL: https://hull-repository.worktribe.com/output/4164798
• Publisher URL: https://global.oup.com/academic/product/innovation-competitiveness-and-development-in-latin-america-9780197648070?q=Policy%20for%20Innovation,%20Competitiveness%20and%20Development%20in%20Latin%20America:%20Lessons%20from%20the%20Past%20and%20Perspectives
• Contract Date: Jan 6, 2023