Export Diversification in Latin America and the Caribbean

Timothy G. Taylor

Farm and Business - The Journal of the Caribbean Agro-Economic Society, 2007, vol. 07, issue 01, 20

Abstract: Beginning in the mid-1980s the primary development paradigm pursued by Latin American and Caribbean countries undertook a major shift from the concept of import-substitution-industrialization (ISI) to that of export-led growth and openness to international markets. Despite these efforts, virtually no research has been undertaken to assess the degree to which the export structures of Latin American and Caribbean countries have in fact diversified. This is unfortunate as the trade policy environment facing these countries is poised to undergo significant changes. The purpose of this paper is to examine the structure of exports to the U.S. from 19 selected Latin American and Caribbean countries over the 1989 to 2000 period in order to assess the degree to which export diversification has occurred. The analysis is conducted at a reasonably disaggregate level using 2-digit HTS data. The countries included in the analysis provide a mix of commonalities and differences. The results suggest wide differences in the degree of diversification exhibited and suggest that these differences are related to economic size and social capability.

Keywords: Agricultural and Food Policy; International Development; International Relations/Trade; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/36806/files/Fa ... 201%20157%20-175.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:fabtho:36806

DOI: 10.22004/ag.econ.36806

Access Statistics for this article

More articles in Farm and Business - The Journal of the Caribbean Agro-Economic Society from Caribbean Agro-Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().