Download or read book Composition of Trade in Latin America and the Caribbean written by Xiaodan Ding and published by International Monetary Fund. This book was released on 2017-03-09 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes composition of goods trade in Latin America and the Caribbean (LAC) along four main dimensions: revealed comparative advantage, product complexity, sophistication, and diversification. After describing some key trade patterns over the last half century, it compares the findings for LAC with other regions. Second, the study investigates how infrastructure quality, education, and tariff levels affect export composition. Third, using an approach based on product proximity, it aims to predict changes in LAC’s future composition of exports. The study concludes that policies to upgrade human capital and infrastructure are essential for increasing LAC’s export share in high-skill products.