latin america and the caribbean in world economy 2005 2006 95 chapter v competitiveness technological innovation natural resources experiences of australia new zealand introduction despite s export boom greater access to destination markets recent years region has made limited progress terms long term is vital for ensuring growth capacity its economies short it crucial taking advantage opportunities offered by free trade agreements that facilitate launch additional products ones with higher value added increasing also a way protecting position market coping global players competitors such as china india there no single measuring most direct measure performance on basis variables share per capita exports or content these indicators show gains losses positioning foreign exchange based country level economic forum publishes another type indicator related