Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization,...

"This introductory chapter sets out the conceptual and empirical background for the book as well as the questions it addresses. The discussion suggests that despite many years of attempted reform and undoubted economic and social progress, Latin America has failed to close the income and...