East Asian countries have been successful at specialising in machinery and capital goods. Latin American countries, on the other hand, have retreated from these sectors, reinforcing their specialisation in resource-intensive goods. Institutional arrangements in place in both regions explain...

This article provides an extensive analysis of the technological specialisation of three Latin American countries (Argentina, Brazil and Mexico) and two East Asian countries (South Korea and Taiwan). Technological specialisation is measured both with respect to patents and trade flows. This...