Abstract
This book examines the development of the Chilean salmon farming industry, paying special attention to public goods, namely: ‘knowledge development’, ‘environmental sustainability’, ‘institutions’ and ‘inclusiveness/social welfare’. Normally, policy interventions in managing public goods are justified by the market failure argument. There are; however, several scholars who question assumptions made by neoclassical approach and extend their argument for the policy intervention in correcting systemic failure as well as coordination failure (for example, Cimoli et al. 2009; Stiglitz 1999).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
The concept of absorptive capacity is defined as “the ability of a firm to recognize the value of new, external information, assimilate it and apply it to commercial ends” (Cohen and Levinthal 1990, 128).
- 2.
For instance, in 2006, UNDP created an initiative called ‘Growing Inclusive Markets’, which tries to make business inclusive and beneficial for the poor in ensuring that development is something that “marginalized groups take part in and benefit from, regardless of their gender, ethnicity, age, sexual orientation, disability or poverty.” It also seeks “to address the deepening inequality across the world that has arisen despite unprecedented economic growth” (UNDP 2008). In 2008, ‘inclusive and sustainable globalization’ became the vision of the World Bank group. Similarly, Asian Development Bank (ADB), in 2007 published “Propoor to inclusive Growth: Asian Prescriptions” (Ali 2007) and “Inclusive Growth toward a Prosperous Asia: policy implications” (Ali and Zhang 2007) and has positioned ‘inclusive growth’ as one of the three agendas in its long-term strategic framework of Strategy 2020 in 2008 (Rauniyar and Kanbur 2009). In 2011, ADB created Framework of Inclusive Growth Indicator (FIGI) and this has been updated annually (ADB 2011). In 2012, OECD published a report on innovation for inclusiveness trying to understand how innovation can support making economic structures that are relevant for the marginalized populations. UNEP’s Towards a Green Economy (2013) also considers inclusiveness as one of the most important pillars for a ‘green economy’.
References
Acemoglu, D., and J. Robinson. 2012. Why nations fail. London: Profile Books.
Acemoglu, D., S. Johnson, and J. Robinson. 2005. Institutions as a fundamental cause of long-run growth. In Handbook of economic growth, vol. 1A, ed. P. Aghion and S. Durlauf. Amsterdam: Elsevier.
Ali, Ifzal. 2007. Propoor to inclusive growth: Asian prescriptions, ERD Asian Development Review Policy Brief, vol. 48. Manila: ADB.
Ali, Ifzal, and J. Zhuang. 2007. Inclusive growth toward a prosperous Asia: Policy implications, ERD Working paper, vol. 97. Manila: ADB.
Aoki, M. 2007. Endogenizing institutions and institutional changes. Journal of Institutional Economics 3(1): 1–31.
Asian Development Bank (ADB). 2011. Framework of inclusive growth indicators; key indicators for Asia and pacific 2011, special supplement. Manila: ADB.
Bell, M., and K. Pavitt. 1995. The development of technological capabilities. In Trade, technology and international competitiveness, ed. I.U. Haque, 69–102. Washington, DC: World Bank.
Cimoli, M., G. Dosi, and J. Stiglitz. 2009. Industrial policy and development: Political economy of capabilities accumulation. Oxford: Oxford University Press.
Cohen, W.M., and D.A. Levinthal. 1990. Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly 35(1): 128–152.
Costanza, R., R. d’Arge, R. de Groot, S. Farber, M. Grasso, B. Hannon, K. Limburg, S. Naeem, R. O’Neill, J. Paruelo, R. Raskin, P. Sutton, and M. van den Belt. 1997. The value of the world’s ecosystem services and natural capital. Nature 387: 253–260.
David, P. 1993. Intellectual property institutions and the panda’s thumb: Patents, copy rights and trade secrets in economic theory and history. In Global dimensions of intellectual property rights in science and technology, ed. M.B. Wallerstein, M.E. Mogee, and R.A. Schoen, 19–64. Washington, DC: National Academy Press.
Fu, X., C. Pietrobelli, and L. Soete. 2011. The role of foreign technology and indigenous innovation in the emerging economies: Technological change and catch up. World Development 39(7): 1204–1212.
Greif, A. 2006. Institutions and the path to the modern economy: Lessons from medieval trade. New York: Cambridge University Press.
Hardin, G. 1968. The tragedy of the commons. Science 162(1968): 1243–1248.
Hawken, P., A. Lovins, and H. Lovins. 1999. Natural capitalism: Creating the next industrial revolution. Boston: Little Brown Publications.
Kapital Social. 2011. Encuesta de Percepción Industria del Salmón: Regiones de Los Lagos, Aysény Magallanes, presentation slides. Puert Montt.
Katz, J. 1984. Domestic technological innovations and dynamic comparative advantage: Further reflections on a comparative case study program. Journal of Development Economics 16(1–2): 13–38.
Kim, L. 1998. Crisis construction and organizational learning: Capability building in catching up at Hyundai Motor. Organization Science 9(4): 506–521.
Lall, S. 1992. Technological capabilities and industrialization. World Development 20(2): 165–186.
Lenzen, M., D. Moran, K. Kanemoto, B. Foran, L. Lobefaro, and A. Geschke. 2012. International trade drives biodiversity threats in developing nations. Nature 486: 109–112.
Nissanke, M., and E. Thorbecke. 2010. Globalization, poverty and inequality in Latin America: Finding from case studies. World Development 38(6): 797–802.
OECD. 2011. OECD guidelines for multinational enterprises. Paris: OECD.
Ostrom, E. 1990. Governing the commons: Evolution of institutions for collective action. New York: Cambridge University Press.
Ostrom, E., J. Burger, C.B. Field, R.B. Norgaard, and D. Policansky. 1999. Revisiting the commons: Local lessons, global challenges. Science 284(1999): 278–282.
Pardey, P.G., J.M. Alston, and V.W. Ruttan. 2010. The economics of innovation and technical change in agriculture. In Handbook of economics of technical change, ed. B.H. Hall and N. Rosenberg. Amsterdam: Elsevier.
Perez, C. 2011. Director of Social Kapital. Interview by author. December 1, 2011
Pietrobelli, C., and R. Rabellotti. 2011. Global value chains meet innovation systems: Are there learning opportunities for developing countries? World Development 39(7): 1261–1269.
Rauniyar, G., and R. Kanbur. 2009. Inclusive growth and inclusive development, ADB, Occasional paper, vol. 8. Manila: Asian Development Bank.
Rogers, E. 1995. Diffusion of innovations, 4th ed. New York: Free Press.
Stiglitz, J.E. 1999. Knowledge as a global public good. In Global public goods: International cooperation in the 21st century, ed. I. Kaul, I. Grunberg, and M. Stern, 308–325. New York: Office of Development Studies (ODS), Bureau for Development Policy (BDP), United Nations Development Programme (UNDP).
UNDP. 2008. GIM global reports. UNDP.
UNEP. 2013. Towards a green economy: Pathways to sustainable development and poverty eradication – A synthesis for policy makers. http://www.unep.org/greeneconomy. Accessed 23 May 2012.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2016 JICA Research Institute
About this chapter
Cite this chapter
Iizuka, M., Hosono, A., Katz, J. (2016). Conclusions and Policy Implications. In: Hosono, A., Iizuka, M., Katz, J. (eds) Chile’s Salmon Industry. Springer, Tokyo. https://doi.org/10.1007/978-4-431-55766-1_8
Download citation
DOI: https://doi.org/10.1007/978-4-431-55766-1_8
Published:
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-55765-4
Online ISBN: 978-4-431-55766-1
eBook Packages: Economics and FinanceEconomics and Finance (R0)