In many Latin American manufacturing sectors, productivity rose through technological upgrading and capital accumulation rather than employment growth (a 'rationalization' of production), and the labor displaced moved to less productive informal services rather than to more productive parts of the economy.
causalpending
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Dani RodrikEvidence Quote
“we get this phenomenon of rationalization so in a part of the increase in productivity is used to the rationalization of production... there has been a massive movement in the wrong direction”
Created: 6/16/2026, 2:24:26 PM
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