Innovation trajectories and diversification strategies in Antofagasta

Two of Antofagasta’s primary natural resources, copper and its coastline, translate into primary economic assets: mining and the port network. Of Chile’s total copper production, 54.4% is concentrated in the region of Antofagasta, and mining represents 66% of the region’s GDP. The four ports forming Antofagasta’s port network, combined, handled 11.45 million tonnes of cargo in 2011, which would make the region of Antofagasta the largest port complex in Chile, representing 18% of total Chilean port volumes. This chapter explores the need for a locally established economic growth and competitiveness policy, supported by public and private actors. It covers the role of innovation and entrepreneurship in economic sustainability, reviews opportunities and barriers for the mining cluster’s development, and considers the scope available for economic diversification. It also reflects on Antofagasta’s competitiveness as a global port city and concludes with recommendations for building stronger industries around both existing assets.