| Summary: | The study presents an analysis of the role of science and technological (S and T) policies in natural resource-based economies, focusing on the cases of Chile and Finland. The exploitation of natural resources has been identified by several authors as a limited-long-term factor that affects economic growth. Finland following a technology-intensive path has combined natural resource abundance (NRA) with high growth rates. On the other hand, Chile whose economy depends mainly on NRA industries such as mining and forestry has not attained the Finnish economic level in spite of the successful reforms undertaken during the last two decades. Using analytical tools I define the S and T contribution to national income per capita over the 1981-2000 period, and analyze the complementarity of the relationship between S and T expenditures and NRA in both countries. I explain the diverging S and T performances in lights of three factors: institutions, education, and decentralization
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