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The purpose of the paper is to carry out an analysis between Mexico and Trinidad & Tobago, as Latin American countries. A theoretical analysis of scientific articles on innovation in Mexico and Trinidad & Tobago and international literature extracted from international scientific databases was used. An analysis of statistical data from the World Bank, RICYT and the CACE research group of the Universidad Cooperativa de Colombia was carried out. It was concluded that Trinidad & Tobago has a higher per capita income compared to Mexico but is not growing in innovation, given that its investment is destined more to tourism.