TY - BOOK ID - 135073957 TI - Specialization and Adjustment During the Growth of China and India : The Latin American Experience AU - Lederman, Daniel AU - Olarreaga, Marcelo AU - Rubiano, Eliana PY - 2007 PB - Washington, D.C., The World Bank, DB - UniCat KW - Comparative advantage KW - Econometric estimates KW - Economic Theory and Research KW - Exports KW - Free Trade KW - Global integration KW - Gross domestic product KW - Industry KW - International Economics & Trade KW - Macroeconomics and Economic Growth KW - Market share KW - Markets and Market Access KW - Patterns of trade KW - Public Sector Development KW - Specialization KW - Terms of trade KW - Trade Policy KW - Water and Industry KW - Water Resources KW - World markets UR - https://www.unicat.be/uniCat?func=search&query=sysid:135073957 AB - This paper examines the extent to which the growth of China and India in world markets is affecting the patterns of trade specialization in Latin American economies. The authors construct Vollrath's measure of revealed comparative advantage by 3-digit ISIC sector, country, and year. This measure accounts for both imports and exports. The empirical analyses explore the correlation between the revealed comparative advantage of Latin America and the two Asian economies. Econometric estimates suggest that the specialization pattern of Latin A-with the exception of Mexico-has been moving in opposite direction of the trade specialization pattern of China and India. Labor-intensive sectors (both unskilled and skilled) probably have been negatively affected by the growing presence of China and India in world markets, while natural resource and scientific knowledge intensive sectors have probably benefited from China and India's growth since 1990. ER -