Item description for The Visible Hand of China in Latin America (Development Centre Studies) by Javier Santiso...
Latin America is looking towards China and Asia -- and China and Asia are looking right back. This is a major shift: for the first time in its history, Latin America can benefit from not one but three major engines of world growth. Until the 1980s, the United States was the region's major trade partner. In the 1990s, a second growth engine emerged with the European investment boom in Latin America. Now, at the dawn of the new century, the increasing global economic importance of Asia, and in particular China, potentially provides a third engine of growth. This book describes the opportunities and challenges that Latin American economies will face as Chinese importance in the world economy -- and in Latin America's traditional markets -- continues to grow. Preface by Louka T. Katseli Introduction: China; A Helping Hand for Latin America by Javier Santiso Chapter 1. Should Latin America Fear China? by Eduardo Lora Chapter 2. Angel or Devil? China's Trade Impact on Latin American Emerging Markets by Jorge Blquez-Lidoy, Janvier Radriguez and Javier Santiso Chapter 3. China and Latin America: Trade Competition 1990-2002 by Sanjaya Lall and John Weiss Chapter 4. Competing with the Dragon: Latin American and Chinese Exports to the US Market by Ernesto Lpez-Crdova, Alejandro Micco and Danielken Molina Chapter 5. Does China Have and Impact on Foreign Direct Investment to Latin America? by Alicia Garcia-Herrero and Daniel Santabrbera
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Studio: Organisation for Economic Co-Operation & Dev
Est. Packaging Dimensions: Length: 0.5" Width: 6.25" Height: 9" Weight: 0.5 lbs.
Release Date Apr 30, 2007
Publisher Organisation for Economic Co-Operation & Dev
ISBN 9264027963 ISBN13 9789264027961
Availability 0 units.
More About Javier Santiso
Javier Santiso is Professor of Economics at ESADE Business School and Vice President of the ESADEgeo think tank. Previously he has held the position of Chief Economist and Director General of the OECD Development Centre, responsible for emerging markets. He has also been Chief Economist for Emerging Markets of BBVA and adviser on emerging markets for Pfizer and Lazard.
Javier Santiso has an academic affiliation as follows - OECD Development Centre.
Reviews - What do customers think about The Visible Hand of China in Latin America (Development Centre Studies)?
visible hand better than invisible hand? Feb 4, 2008
This is a collection of essays by experts on Latin America. They all assess the impact of China's global power on the region. The general conclusion is that, on one hand "China's trade impact on Latin America is "... positive; directly, through a boom of exports, and indirectly, through better terms of trade" ( p. 7). On the other hand, China's demand favors Latin American primary goods. This raises the possibility of Dutch diseases and resource curses in the form of resource and price booms. Even so, China offers a good development model for Latin America, because the former never followed a textbook example of economic growth and development. Instead, China's performance has depended on pragmatic policies.
In the end Latin American countries need not fear China, except in manufacturing, technological progress, and foreign direct investment (FDI). For example, wages in China compare well to wages in Latin America; five Latin American countries have an hourly wage rate below China's and 11 above. The productivity of physical and human capital is also comparable. However, between 1980 and 2000 total factor productivity of Latin American countries has been negative. This seems to underscore the fact that China is increasingly attracting more U.S. FDI than Latin America. In spite of all that China has a positive effect on Latin America.
I strongly recommend this beautiful little book to all readers, especially policy-makers and researchers.
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