LAC International Trade

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Information about LAC International Trade
Education

Published on March 28, 2008

Author: Barbara

Source: authorstream.com

Latin American International Trade: Openness, Structure and Comparative Advantage:  Latin American International Trade: Openness, Structure and Comparative Advantage Guillermo Perry Chief Economist for Latin America The World Bank March 2000 Structurally Adjusted Trade Intensity:  Structurally Adjusted Trade Intensity Structurally Adjusted Trade Intensity - Latin America:  Structurally Adjusted Trade Intensity - Latin America Structurally Adjusted Trade Intensity - Asia:  Structurally Adjusted Trade Intensity - Asia Hydrocarbons and Minerals- Regional Comparison:  Hydrocarbons and Minerals- Regional Comparison Land Intensive Commodities - Regional Comparison:  Land Intensive Commodities - Regional Comparison Major Natural Resource and Land Intensive Commodities - Latin America:  Major Natural Resource and Land Intensive Commodities - Latin America Major Natural Resource and Land Intensive Commodities - Asia:  Major Natural Resource and Land Intensive Commodities - Asia Labor and Capital Intensive Merchandise - Regional Comparison:  Labor and Capital Intensive Merchandise - Regional Comparison Labor Intensive Merchandise - Latin America:  Labor Intensive Merchandise - Latin America Labor Intensive Merchandise - Asia:  Labor Intensive Merchandise - Asia Capital Intensive Merchandise - Latin America:  Capital Intensive Merchandise - Latin America Capital Intensive Merchandise - Asia:  Capital Intensive Merchandise - Asia Machinery:  Machinery Balassa Index: Hydrocarbons and Minerals - Regional Comparison:  Balassa Index: Hydrocarbons and Minerals - Regional Comparison Balassa Index: Land Intensive Commodities - Regional Comparison:  Balassa Index: Land Intensive Commodities - Regional Comparison Balassa Index: Major Natural Resource and Land Intensive Commodities - Latin America:  Balassa Index: Major Natural Resource and Land Intensive Commodities - Latin America Balassa Index: Major Natural Resource and Land Intensive Commodities - Asia:  Balassa Index: Major Natural Resource and Land Intensive Commodities - Asia Balassa Index: Labor and Capital Intensive Merchandise - Regional Comparison:  Balassa Index: Labor and Capital Intensive Merchandise - Regional Comparison Balassa Index: Labor Intensive Merchandise - Latin America:  Balassa Index: Labor Intensive Merchandise - Latin America Balassa Index: Labor Intensive Merchandise - Asia:  Balassa Index: Labor Intensive Merchandise - Asia Balass Index: Capital Intensive Merchandise - Latin America:  Balass Index: Capital Intensive Merchandise - Latin America Balassa Index: Capital Intensive Merchandise -Asia:  Balassa Index: Capital Intensive Merchandise -Asia Intra-Industry Trade Index:  Intra-Industry Trade Index Intra-Industry Trade Index - Sample Average:  Intra-Industry Trade Index - Sample Average Intra-Industry Trade Index- Latin America:  Intra-Industry Trade Index- Latin America Intra-Industry Index - Asia:  Intra-Industry Index - Asia Net Service Exports per Workers - Regional Comparison:  Net Service Exports per Workers - Regional Comparison Structure of Service Exports:  Structure of Service Exports Structure of Service Imports:  Structure of Service Imports Summary: Regional Comparisons:  Summary: Regional Comparisons LAC has become more open since the mid-1980s, but still lags behind Asia and OECD countries LAC’s “revealed” comparative advantage remains in natural-resource and land-intensive products Asia remains competitive in labor-intensive exports, and to a lesser extent, in capital intensive products Slide46:  Summary: Sub-Regional Comparisons The US remains LAC’s most important export market, and still is an important purchaser of US exports Mercosur is an exception in to this regional pattern Slide47:  Summary: LAC’s Comparative Advantage LAC remains dependent on exports of natural-resource and land-intensive products, with relatively low intra-industry trade Some exceptions: Brazil in capital-intensive products Mexico in labor- and capital-intensive products Colombia, a very minor exporter of labor-intensive products Some notable cases of high reliance on natural resources and land: Chile, Venezuela and Argentina Slide48:  Why this is important? Effects on income distribution Competition based on relative factor abundance, and less on product differentiation and productivity Need to look deeper into services, which may help LAC follow the path of rich countries such as Australia and New Zealand (natural resource-rich, but competitive in services that use human capital) Protection is not the answer Savings and education could help change the Region’s comparative advantage

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