Cambio estructural, crecimiento e industrialización en América Latina 1950-2005

Publication Place: 
Universidad Nacional de Colombia y Universidad Central
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Applying the theoretical framework of growth based on structural change —developed during the phase of the “high theory of development” that keeps in the present its relevance—, this work examines the relationship between industrialization and growth in Latin America and Colombia, in particular, during the period going from 1950-2005. The main tenet is that this association experiences a structural break in the midst of the seventies. In the first subperiod, manufacturing grows faster than the GNP, yielding high growth rates of this variable; and in the second, the industry growth, its productivity and employment generation declines, pulling down in its fall the overall growth of the economy. The relationship between the above mentioned variables is empiricaly tested, on the basis of the Kaldorian model of the industry as the “engine of growth”. In addition, the work identifies the negative consequences of the premature industrialization in Latin America, in terms of the productive structure backwardness and employment generation capacity. Specific reference is made to the Colombian case.