Development Strategy or Endogenous Process? The Industrialization of Latin America

The author "reinterprets" the history of Latin American industrialization arguing that the contrast between a period of export-oriented growth and a period of import-substituting industrialization is less clear cut than suggested in the Latin Americanist literature. Furthermore, Latin American industrialization began as an endogenous outcome of the growth of the export sector (rather than as the result of a rethinking of export-led development), and once industrialization began, governments haphazardly enacted protectionist policies at the behest of manufacturers.