- Figures (and map)
- Shifting Paradigms in Latin America's Economic Development
- Institutions and the Historical Roots of Latin American Divergence
- Political Institutions, Policymaking, and Economic Policy in Latin America
- The Washington Consensus: Assessing A “damaged Brand”
- From Old to New Developmentalism in Latin America
- Environmental Sustainability
- Taming Capital Account Shocks: Managing Booms and Busts
- Exchange Rate Regimes in Latin America
- Monetary Policy in Latin America: Performance Under Crisis and the Challenges of Exuberance
- Domestic Financial Development in Latin America
- Fiscal Policy in Latin America
- Fiscal Legitimacy, Inequalities, and Democratic Consolidation in Latin America
- Latin America in the World Trade System
- Regional Integration
- The Effects of Trade Liberalization on Growth, Employment, and Wages
- The Recent Commodity Price Boom and Latin American Growth: More than New Bottles for an Old Wine?
- Curse or Blessing? Natural Resources and Human Development
- Foreign Direct Investment in Latin America
- China and the Future of Latin American Economic Development
- Latin America in the Recent Wave of International Migration
- Structural Transformation and Economic Growth in Latin America
- Learning, Technological Capabilities, and Structural Dynamics
- Why Has Productivity Growth Stagnated in Most Latin American Countries Since the Neo-Liberal Reforms?
- Agricultural and Rural Development
- An Energy Panorama of Latin America
- Infrastructure in Latin America
- The Rise and Fall of Income Inequality in Latin America
- Multidimensional Poverty in Latin America: Concept, Measurement, and Policy
- Economic Insecurity and Development in Latin America and the Caribbean
- Employment: The Dominance of the Informal Economy
- Latin American Labor Reforms: Evaluating Risk and Security
- Social Protection in Latin America: Achievements and Limitations
- Social Security Reforms in Latin America
Abstract and Keywords
This chapter analyses the extent to which China's unprecedented growth has improved the performance of the Latin American and Caribbean (LAC) economies in the period of economic boom that took place from the turn of the century until the run-up to the global financial crisis. It finds that the direct impact on the region's exports is much smaller than what was touted. What is more, the chapter notes that there are signs that Chinese demand is accentuating concerns about de-industrialization in the region. The second section analyses the impacts of China's economic expansion on the pre-crisis commodity-driven boom in LAC. The third section examines the impact that China is having on the ability of LAC manufacturers to penetrate world manufacturing markets. The fourth section summarizes findings and outlines an agenda for policy and future research.
Kevin P. Gallagher, Associate Professor of International Relations at Boston University, Boston and Senior Researcher at the Global Development and Environment Institute, Tufts University, Medford/Somerville
Roberto Porzecanski is Associate at McKinsey & Company and researcher at the Global Development and Environment Institute at Tufts University, Medford/Somerville.
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