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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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International competitiveness and specialization

This paper takes as its starting point the idea that the overall benefits of competition are largely determined by dynamic changes in market patterns. The opportunities in trade depend obviously on how a country can serve the market and more obviously on how competitive it is. Attention will therefore be centered mainly on the interaction between competitiveness and changes in the market structure. This phenomenon is abstrapted from conventional factors to explain trade patterns. The approach provides a descriptive and synthetic framework to identify and evaluate recent shifts in the patterns of competition and specialization of developed, developing and centrally planned economies in the OECD market.

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