Eduardo Levy Yeyati, Samuel Pienknagura, 10 December 2014

Economic activity in Latin American countries in the past decade has been shifting from manufacturing to services. This column argues that this so-called ‘tertiarisation’ that the region experienced is not due to shift in less skill-intensive, non-tradable activities. Provided education and training do not lag behind, services are likely to remain key driver of growth.


CEPR Policy Research