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A Fast Herd and a Slow Tortoise?

机译:快速的牧群和缓慢的乌龟?

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摘要

During the last three decades, the Dominican Republic has experienced a rapid process of transformation in its export structure and an acceleration of economic growth. Since the mid-1980s, the government promoted export processing zones (EPZs) and the tourism sector aggressively, providing generous incentives and creating effective institutions to regulate them. These vertical policies succeeded in developing pockets of excellence. Lack of accumulation of social- and firm-level capabilities in the rest of the economy, however, contributed to a parallel increase in structural heterogeneity that may hamper the Dominican Republic's long-term performance. The Dominican experience has at least three significant implications for the way we conceptualize and apply industrial policy in small countries: (a) the need to overcome sterile debates between horizontal and vertical policies, (b) the advantages of conceptualizing the process of development as one of continuous elimination of structural constraints to upgrading, and (c) the urgency of policy adaptation in the era of rapid globalization and Chinese competition.
机译:在过去的三十年中,多米尼加共和国的出口结构经历了快速的转型,并加速了经济增长。自1980年代中期以来,政府积极地促进了出口加工区(EPZ)和旅游业的发展,提供了慷慨的激励措施并建立了有效的机构来对其进行监管。这些垂直政策成功地开发了卓越的产品。但是,在其余经济体中缺乏社会和企业层面能力的积累,导致结构异质性的同时增加,这可能会妨碍多米尼加共和国的长期绩效。多米尼加的经验至少对我们在小国概念化和应用产业政策的方式具有三个重大影响:(a)需要克服横向政策和纵向政策之间的无聊辩论,(b)将发展过程概念化为一个优点持续消除升级的结构性制约因素;以及(c)在迅速全球化和中国竞争时代,政策调整的紧迫性。

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