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Latin America's Emergence in Global Services

A New Driver of Structural Change in the Region?

image of Latin America's Emergence in Global Services
Business services have been one of the fastest growing export areas in emerging economies over the past decade. The spread of information and communication technologies and the rise in trade liberalization have facilitated the global unbundling and offshoring of services activities from advanced to developing countries, including those in Latin America. The empirical and analytical insights in this volume document how several countries in Latin America have entered the offshore services sector both through the attraction of multinational companies and the internationalization of domestic service suppliers. The future of the offshore services sector in Latin America will depend on its ability to upgrade its knowledge - and skill-intensive product offerings. This will call for the development of domestic technical capabilities, the adoption of renewed industrial policies, the promotion of backward and forward linkages, and the continued upgrading of human capital and information technology-integrated manufacturing.

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Scientific-technical services for the pharmaceutical industry in Mexico

The offshoring of services is one of the most dynamic activities of the twenty-first century. Offshore services associated with R&D have grown 27.1% since 2000, ranking second only to services associated with information technologies (IT), which grew 33.6% in the same period (Bureau of Labor Statistics, 2011). While such services are typically associated with countries like China, India, the Philippines, the United Kingdom and the United States, employment in this sector has also grown significantly in Argentina, Brazil, Chile and Mexico (Gereffi and Fernandez-Stark, 2010).

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