Comments on “What’s New in the New Industrial Policy in Latin America?” by Robert Devlin and Graciela Moguillansky

Abstract

In their recent publication, Breeding Latin American Tigers: Operational Principles for Rehabilitating Industrial Policies (2011), Robert Devlin and Graciela Moguillansky managed to transcend the old and endless discussion about the desirability of implementing industrial policies, and focused instead on characterizing how a group of countries successfully implemented industrial policies and were able to close or substantially narrow the development gap with more advanced economies. The authors make a major contribution since they analyze the complexities of consensus building, institutional development and policy implementation, thereby identifying lessons that are extremely valuable for industrial policy practitioners.