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.



When SMEs think about delocalization: Theoretical issues

There is a wealth of delocalization studies for major corporations, but they largely overlook the constraints and mechanisms of decision-making in small and medium-sized enterprises (SMEs). We therefore analysed SME strategies in a bid to identify the risks and potential benefits of delocalization using a blend of internationalization theory, transaction cost theory and neo-institutional theory. This paper highlights linkages among these theoretical underpinnings and how they apply to SME delocalization decision-making.


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