Publisher's Synopsis
This book is essential for anyone who wishes to understand the microeconomic foundations behind the current Latin American export boom, the ways in which government policies affecting exports may retard or promote economic growth, and the future prospects of the proposed Free Trade Association of the Americas. The authors conduct an econometric analysis which uses new measures of export diversification, structural change in exports, and export similarity which provide a basis for region wide comparisons. The cases of Chile, Colombia, Mexico and Venezuela are analysed in particular detail. Cross country analysis focuses on the potential role of export diversification in promoting economic growth, in the context of other important determinants of growth.
