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Sectorial specialisation in east Asia and Latin America compared

Author

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  • Marcela Miozzo

Abstract

East Asian countries have been successful at specialising in machinery and capital goods. Latin American countries, on the other hand, have retreated from these sectors, reinforcing their specialisation in resource-intensive goods. Institutional arrangements in place in both regions explain these divergences. In particular, the differences in the strategy and structure of leading firms, the nature of industrial promotion by the government, the development and support of small and medium-sized firms and the operation of foreign-owned firms may explain the respective success and failure in sectoral specialisation in machinery. Failure to develop these sectors may hinder the process of economic development. JEL Classification: O53, O54, L6.

Suggested Citation

  • Marcela Miozzo, 2002. "Sectorial specialisation in east Asia and Latin America compared," Brazilian Journal of Political Economy, Center of Political Economy, vol. 22(4), pages 613-634.
    • Handle: RePEc:ekm:repojs:v:22:y:2002:i:4:p:613-634:id:955
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    More about this item

    Keywords

    East Asia; Latin America; capital goods; companies;
    All these keywords.

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

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