Joint UNU-MERIT/School of Governance Seminar: “The New Context for Development around Natural Resources: An opportunity for Latin America (and other resource rich countries)? “
For many decades, the raw-materials-exporting nations have been trying to reach development by moving away from natural resource production (or using its proceeds) in order to invest in manufacturing industry. Natural resources have been seen as at a disadvantage vis-a-vis industrial products and as lacking in technological dynamism. More recently the notion of the “resource curse” has intensified these convictions.
This presentation by Prof. Carlota Perez (London School of Economics) will propose a different view of the problem. She will argue that opportunities are a moving target, dependent on the diffusion of technical change, and that the information revolution has modified the global context in such a way that the markets for natural resources, as that of every other product, are now highly segmented and capable of frequent technical change, of specialized high-value niches and of creating networks of innovation up and downstream. She will discuss the various aspects in which conditions for innovation in natural resources and in the developing country contexts have changed favourably, including the competition for access to them between East and West, and will touch upon the conditions for these possibilities to be realized.
Prof. Carlota Perez is Centennial Professor of International Development at the London School of Economics (UK), and Professor of Technology and Development at the Nurkse Institute, Technological University of Tallinn (Estonia). A researcher, lecturer and international consultant, she specializes in the social and economic impact of technical change and in the historically changing conditions for growth, development and competitiveness.
For more information, see the Future Events page on the UNU-MERIT website.