Description:
This document contributes to the scarce empirical literature on the role of services as a source of manufacturing competitiveness in developing economies, providing evidence on the Latin American region. The 2018 release of the Organisation for Economic Co-operation and Development (OECD)’s Trade in Value Added (TiVA) database is used to assess the servicification of manufacturing exports in seven Latin American countries (Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru) between 2005 and 2015, in comparison with ten Asian emerging economies (eight ASEAN countries (Brunei Darussalam, Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam), China and India).