Revisiting Industrial Policy and Industrialization in Twentieth Century Latin America

Abstract

This brief article seeks to introduce the reader to this special number on industrialization in contemporary Latin America. It does so considering three issues. First, the importance of industrialization in sustaining high rates of economic growth leading to high levels of income per capita. Second, the long-standing debate in global historiography regarding the successes and failures of industrial policy: markets vs. states. Lastly, Latin America´s industrial trajectory through the lenses of four historiographical tendencies, and the ways in which each of the four original papers relate to the extant literature, and contribute to enhancing our understanding of one of the most important economic transformations in the history of the region.