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China's and India's Challenge to Latin America: Opportunity or Threat?

Edited by Daniel Lederman, Marcelo Olarreaga, Guillermo E. Perry
Price: $35.00   *Geographic discounts available!

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Latin American Development Forum
English; Paperback; 360 pages; 6x9
Published October 31, 2008 by World Bank
ISBN: 978-0-8213-7308-8; SKU: 17308


The economic successes of China and India are viewed with admiration but also with concern because of the effects that the growth of these Asian economies may have on the Latin American and Caribbean (LAC) region. The evidence in China's and India's Challenge to Latin America indicates that certain manufacturing and service industries in some countries have been negatively affected by Chinese and Indian competition in third markets and that LAC imports from China and India have been associated with modest unemployment and adjustment costs in manufacturing industries. The book also provides substantial evidence of positive aggregate effects for LAC economies associated with China's and India's greater presence in world exports, financial flows, and innovation. Chinese and Indian growth is creating new production possibilities for LAC economies, particularly in sectors that rely on natural resources and scientific knowledge.

"This original study offers the first comprehensive analysis of the complex and heterogeneous impacts of emerging China and India on the countries of Latin America. It is a must read for those navigating the dramatically changing contours of the international economic landscape."

- Pravin Krishna
Chung Ju Yung Professor of International Economics, School of Advanced International Studies, and
Professor of Economics, Department of Economics, Johns Hopkins University

"The poor performance of Latin American countries is often blamed on the rapid growth of China and India. This book shows that Latin American countries have largely benefited from China's and India's growth, dispelling this fear often expressed in policy circles. Like globalization, China's and India's growth in world markets is easy to blame, but it should be embraced rather than feared."

- Jaime de Melo, Professor
Department of Political Economy, University of Geneva

"The growth of China and India in world trade is an indisputable fact, but the view that this must be at the expense of other countries' trade and welfare is highly disputable. This set of essays offers a detailed and novel empirical analysis of several aspects of Latin American trade. It shows that apart from a few specific sectors and countries, the region has gained rather than lost from the growth of the Giants. The debate will doubtless continue, and this book represents the essential starting point for future contributions."

- L. Alan Winters
Professor of Economics, University of Sussex

TABLE OF CONTENTS

Foreward
Augusto de la Torre

PART I: INTRODUCTION

1. Latin America's Response to China and India: Overview of Research Findings and Policy Implications
Daniel Lederman, Marcelo Olarreaga, and Guillermo E. Perry

PART II: THE GROWTH OF CHINA AND INDIA IS NOT A ZER-SUM GAME FOR LATIN AMERICA AND THE CARIBBEAN: SHORT- AND LONG-TERM EFFECTS

2. Trade, Specialization, and Cycle Synchronization: Explaining Output Comovement Between Latin America, China, and India
César Calderón

3. The Growth of China and India in World Trade: Opportunity or Threat for Latin America and the Caribbean?
Daniel Lederman, Marcelo Olarreaga, and Isidro Soloaga

4. Foreign Direct Investment in Latin America During the Emergence of China and India: Stylized Facts
Javier Cravino, Daniel Lederman, and Marcelo Olarreaga

PART III: THE NEGATIVE IMPACT OF CHINESE AND INDIAN COMPETITION IN SOME INDUSTRIES AND SOME REGIONS

5. China and the Recent Evolution of Latin America's Manufacturing Exports
Gordon H. Hanson and Raymond Robertson

6. The Effect of China's Exports on Latin American Trade with the World
Caroline Freund and ?ağlar ?zden

7. Effects on Services Trade with the United States
Caroline Freund

8. Trade Liberalization and Export Variety: A Comparison of Mexico and China
Robert C. Feenstra and Hiau Looi Kee

9. The Impact of Trade with China and India on Argentina's Manufacturing Employment
Lucio Castro, Marcelo Olarreaga, and Daniel Saslavsky

10. Factor Adjustment and Imports From China and India: Evidence from Uruguayan Manufacturing
Carlos Casacuberta and Néstor Gandelman


  • Shipping Weight: 1.28 lbs (0.58 kgs)



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