The Competitiveness of Latin American Economies: Consolidation of the Double Diamond Theory

Posted: 11 Apr 2019

See all articles by Segundo Castro-Gonzáles

Segundo Castro-Gonzáles

IEN Business School; Universidad del Este

Jesús Peña-Vinces

University of Seville

Jorge B. Guillen

UESAN

Date Written: May 31, 2016

Abstract

The aim of this research is to assess the competitiveness of countries through the development of a new model, which is much simpler than those currently in use. The premise of this research is based on the fact that the current models contain numerous indicators/measures and cannot be applied to other contexts, such as the Latin American (LA) one. Based on the “diamond competitiveness” approach, we developed a model for the LA economies (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay and Venezuela). Our model has clear implications for both academics and policymakers and could help design state policies to improve economic growth, especially for the less developed LA economies.

Highlights

Based on the “diamond competitiveness” approach, we evaluated the competitiveness of Latin American (LA) economies.

Our research has clear implications for academics and policymakers, especially concerning less developed LA economies.

The results show that in Latin America there are three distinct competitive levels: high, medium and low.

Keywords: global competitiveness (domestic/international), Latin-American economies, developing countries, emerging economies, economic development

JEL Classification: F14, F63, F52, R11

Suggested Citation

Castro-Gonzáles, Segundo and Peña-Vinces, Jesús and Guillen, Jorge B., The Competitiveness of Latin American Economies: Consolidation of the Double Diamond Theory (May 31, 2016). Economic Systems, Vol. 40, 2016, Available at SSRN: https://ssrn.com/abstract=3122736

Segundo Castro-Gonzáles (Contact Author)

IEN Business School; Universidad del Este ( email )

Carretera 190, Km. 1.8
Barrio Sabana Abajo
Carolina, Puerto Rico, 00984
Puerto Rico
787-923-6372 (Phone)

HOME PAGE: http://www.suagm.edu/une/

Jesús Peña-Vinces

University of Seville ( email )

Avda RAMON Y CAJAL
Sevilla, Sevilla 41004
Spain

HOME PAGE: http://personal.us.es/jesuspvinces/

Jorge B. Guillen

UESAN ( email )

Alonso de Molina 1652
Lima 33
Peru

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