An Alternative to Mercantilism: Manufacturing Extension Services in Latin American and Caribbean Countries

Stephen Ezell November 12, 2013
November 12, 2013
SME manufacturing extension programs are boosting innovation and growth in Latin American and Caribbean nations.

A growing number of Latin American nations are turning to "innovation mercantilist" practices to grow their economic sectors, including manufacturing. Yet, an alternative approach, enhancing innovation among manufacturers, particularly small and medium sized enterprises (SMEs), is actually much more effective in spurring sustainable growth. This report benchmarks SME manufacturing extension services in eight Latin American and Caribbean countries and highlights best practices in bolstering manufacturing productivity, innovation, and export potential. The report also provides a comprehensive impact analysis of manufacturing extension services in both developed and developing countries, finding that such programs have achieved significant impacts in bolstering competitiveness.