The behavior of manufacturing firms under the new economic model

A study of medium and large domestic manufacturing firms in Latin America s hows that the region's new economic model has led to significant transforma tions in firm behavior. The study results may not be generalizable, however , since the sample is small and not statistically representative. Neverthel ess, they provide insights into the behavior of the most modernizing domest ic manufacturing firms, and into the role of policy aimed at encouraging fi rms to upgrade. (C) 2000 Elsevier Science Ltd. All rights reserved.