[OPE] China’s Impact on Latin America

Date: Tue, 5 Oct 2010 12:37:36 -0400
From: gdaeannounce@tufts.edu
To: gdaeannounce@tufts.edu
Subject: New book on China’s Impact on Latin America

The Dragon in the Room
China and the Future of Latin American Industrialization

By Kevin P. Gallagher and Roberto Porzecanski
Stanford University Press, 2010
In the eyes of many, China's unprecedented economic rise has brought nothing but good news to the countries of Latin America and the Caribbean. Indeed, China's growing appetite for primary products, and the ability of Latin America to supply that demand, has played a role in restoring growth in Latin America, both in the run-up to the global financial crisis and in its aftermath.
The dragon in the room that few are talking about is the fact that China is simultaneously out-competing Latin American manufacturers in world markets—so much so that it may threaten the ability of the region to generate long-term economic growth. One of the authors' key findings is that China is rapidly building the technological capabilities necessary for industrial development, whereas Latin American tech innovation and sophistication lags considerably. At a deeper level, the findings in this volume imply that China's road to globalization, one that emphasizes gradualism and coordinated macro-economic and industrial policies, is far superior to the "Washington Consensus" route taken by most Latin American nations, particularly Mexico.
For more on The Dragon in the Room and to order
For updated figures and the policy implications of The Dragon in the Room, read this Policy Brief
Read more on GDAE’s work on China and Latin America

Read more on GDAE’s Globalization and Sustainable Development Program
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Received on Tue Oct 5 14:03:56 2010