The Chief Economist Office for the Latin America and Caribbean Region at the World Bank invites you to participate in a one-and-a-half-day workshop on Industrial Policy and The Role of Human Capital, featuring presentations from top academic researchers and a panel of representatives from multilateral organizations discussing the implications for the region.
There is a revival of Industrial Policy as an instrument to create jobs, foster innovation, improve productivity and accelerate growth. Its effectiveness depends on the tools used for implementation, the process employed to target specific industries, firms or activities, and the preparedness of the economy in terms of institutions, infrastructure, and in particular, human capital. Human capital is an essential ingredient both in the design, implementation and undergirding of Industrial Policy through at least four channels. The first, and most extensively explored, is the quality of the labor force. The second involves encouraging innovation through better reallocation of inputs, including inventors. The third, pertains to the quality of entrepreneurs and managers, which leads to better decision-making and managerial practices.
Finally, improving the level of human capital within the governments enhances institutional capacity, thereby increasing the government?s ability to effectively target its tools, evaluate those targets, and shield them from political pressures and market failures.
If you have any queries or for more details, please contact Fiorella Garcia fgarciavargas@worldbank.org