Comparison of economies is essential for public policymaking but considerably hindered by the fact that statistics expressed in local currencies are not directly comparable. Market exchange rates give a distorted view, as they do not reflect the differences in price levels between countries.To...

This report examines the development and upgrading prospects of the medical device and aerospace clusters in Baja California, Mexico within the context of global value chains (GVCs). Prepared for the Economic Commission for Latin America and the Caribbean (ECLAC) and the Government of Baja...