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Dimensions of Competitiveness$
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Paul De Grauwe

Print publication date: 2010

Print ISBN-13: 9780262013963

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013963.001.0001

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Competitiveness: A Comparison of China and Mexico

Competitiveness: A Comparison of China and Mexico

(p.255) 8. Competitiveness: A Comparison of China and Mexico
Dimensions of Competitiveness

Felicitas Nowak-Lehmann

Sebastian Vollmer

Inmaculada Martínez-Zarzoso

The MIT Press

Latin American countries have lost competitiveness in world markets in comparison to China for the last two decades. This chapter examines the reasons behind the decline in Latin American trade share and measures the effects of relative productivity, changes in relative unit labor costs, changes in relative unit values, and changes in the overall price level on relative export strength. The analysis is limited to comparisons between China and Mexico in selected single markets (the United States, Japan, Korea, Germany, the United Kingdom, Spain, and Argentina).

Keywords:   Latin America, exports, trade, China, Mexico, competitiveness

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