Trade and Growth: Why Asia Grows Faster than Latin America

Abstract

It is already an accepted stylized fact of international development that Latin American countries (LACs) grow at more modest rates than the Asian exporters of manufactures. It is also true that the latter countries made a transition to export-oriented growth well before LACs; moreover, they have been considerably more successful in encouraging export growth and in diversifying their output and export mix. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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