Over the period 1974 to 2003, Latin American countries exhibit much slower de-agriculturalization than East Asian countries, while the manufacturing employment share has been almost stagnant in Latin America but exhibits a hump shaped pattern among East Asian countries. A multi-sector general equilibrium model, treating sectoral productivity growth rates as exogenous, accounts well for the differing sectoral reallocations of labor in Latin America and East Asia over the sample period. Had Bolivia experienced the same productivity growth in agriculture that Korea has, then the agricultural employment share in Bolivia would have been 12.0 percent in 2003 rather than 27.4 percent.