Economic development in Latin America has experienced a positive evolution in the period 2000-2007, althought it could have been higher in case of more industrialization. The low levels of industrial real Value-Added per capita in comparison with OECD countries explains, at a great degree, the lower levels of real income per capita in Latin American countries.
The important role of industry, together with human capital, social capital, foreign trade and other factors is well explained in the figures presented in the article by Guisan(2009), free on line at Volume 9-1 of the journal AEID
Other articles published by our Association of interest for economic development in Latin America are listed
in our Blog of International Economics in Spanish. We will include here a list of those published in English.
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