Latin American countries have complementary strengths and assets, from abundant and complementary critical mineral wealth, to manufacturing capacity, proximity to important trade routes, and low-cost complementary renewable energy generation potential, which can all be leveraged to develop an efficient regional industrial ecosystem around low carbon technologies. To a large extent, the magnitude of improvements in terms of structural transformation of Latin American economies and the ability to capture the benefits of green transitions hinges on adequate regional coordination. This research project draws on empirical evidence and international experiences for multilateral industrial policy and extracts key lessons from past attempts in order to inform current debates on regional green industrial policy.

Researchers