Half Title Page -- Title Page -- Copyright -- Contents -- Acknowledgments -- Abbreviations -- 1 Introduction -- Conceptual Issues -- What Makes a Good Good? -- Beyond Goods -- Notes -- Part I What Makes a Good Good? -- 2 Cursed Goods: Natural Resources -- Stylized Facts and the Mechanisms of the Curse -- The Elusive Resource Curse -- Notes -- 3 Rich Country "High Productivity" Goods -- What Are High PRODY Goods? -- Of Monkeys and Trees -- Notes -- 4 Smart Goods -- Wage Premiums and Educational Endowments in Latin America -- Wage Premiums across Industries -- Country and Industry Effects on Skill Premiums -- Exports and Industry Skill Premiums -- Notes -- Part II Beyond Goods -- 5 Export Heterogeneity Along the Quality Dimension -- Export Heterogeneity along the Quality Dimension -- How Do Latin America and the Caribbean Compare in Export Unit Values? -- Unit Value Dynamics -- What Affects the Growth of Unit Values? Countries versus Industries -- Entry and Exit Patterns -- Conclusion -- Notes -- 6 Heterogeneity in the Production of Goods -- How Things Are Produced Matters -- Smart Goods or Smart Production Processes? -- The How -- Goods or Tasks? -- Notes -- 7 Trade Quality as Portfolio Diversification -- Development as Diversification -- Market Failures in Product Innovation and Diversification -- Scarce Evidence of Market Failures -- Natural Resources, Export Concentration, and Volatility -- Volatility as a Determinant of Export Structure and Financial Development -- The Distribution of Manufactured Exports -- Notes -- 8 Conclusion and Policy Reflections -- Bibliography -- Index -- Back Cover.