Article

China and the Future of Latin American Economic Development

Kevin P. Gallagher and Roberto Porzecanski

in The Oxford Handbook of Latin American Economics

Published in print July 2011 | ISBN: 9780199571048
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199571048.013.0019

Series: Oxford Handbooks in Economics

 China and the Future of Latin American Economic Development

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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.

Keywords: China; LAC economies; global financial crisis; de-industrialization; economic expansion

Article.  10197 words. 

Subjects: Economics ; International Economics ; Economic Development and Growth

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