Latin American nations face the critical task of enhancing their standing in global markets to achieve economic and social progress. The book investigates whether current policy approaches in selected countries are adequate for the necessary structural changes, emphasizing the need for effective governance that corrects market failures and fosters domestic industry. It analyzes how governments in small and medium-sized Latin American economies can bolster the international competitiveness and export focus of their manufacturing sectors. The volume draws on theoretical, cross-country, and country-specific studies to examine recent policy improvements, transition challenges, and future obstacles.

This book addresses the pressing issue of Latin America's integration into the global economy, focusing on the crucial role of international competitiveness for national development. The analysis centers on the effectiveness of current government policies and the potential for structural transformation, highlighting the importance of 'better government' in fostering a conducive environment for domestic industries. It draws upon a range of studies to explore past policy corrections, ongoing challenges, and future prospects for the region's manufacturing sectors. The work is positioned as a key resource for understanding the complexities of economic policy and international trade in Latin America.