1984/01/01 by Gabriel Palma · 1 citation
Economics, Econometrics and Finance · #Economic Theory and Policy #Industrialisation #Diversification (marketing strategy) #Latin Americans #Economics #Manufacturing sector #International trade #Economy #International economics #Economic system #Business #Market economy #Political science
paper · doi:10.1007/978-1-349-17554-3_3
openalex publication_date 1984/01/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/04
It is commonly argued that the process of industrialisation began in Chile only in the 1930s. Attention is drawn to a ‘frustrated’ attempt at industrialisation between 1830 and 1960 due to its ‘incompatibility’ with export-led growth, and hence it is held that local manufacturing industry could only flourish after the collapse of the export sector. 1 Chile thus fits neatly into the conventional model which at its simplest divides post-colonial economic development in Latin America into two major phases, ‘outward-oriented’ growth up to 1930 and ‘inward-oriented’ growth thereafter. 2 This assumes that in the first phase the export sector acts as the engine of growth, but generates little diversification throughout the rest of the economy, and in particular into manufacturing, while in the second phase a process of import-substitution is launched, and the State takes an active role in promoting local economic development. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.