Industrialisation and the factor content of Latin American exports of manufactures

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Abstract
This article shows that Latin American exports of manufactures that grow consistently over time arise from both traditional as well as policy induced sources of comparative advantage. Case studies for Argentina, Colombia and Venezuela show that manufactures originally developed for the domestic market were exported with consistent growth rates and came to represent an important proportion of total manufacturing exports. The study also shows that inter‐country differences in the factor content of these exports reflect both differences in original resource endowments as well as the effects of industrialisation policy.

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