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

China's and India's fast economic growth since 1990 is paralleled only by their growing presence in policy discussions throughout the Latin America and the Caribbean (LAC) region. The success of these Asian countries is looked upon with a...

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Main Authors: Lederman, Daniel, Olarreaga, Marcelo, Perry, Guillermo E.
Format: Publication
Language:English
Published: World Bank 2012
Subjects:
GDP
WTO
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090128002333
http://hdl.handle.net/10986/2591
id okr-10986-2591
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ACCUMULATION OF RESERVES
ADJUSTMENT COSTS
ANTIDUMPING
ANTIDUMPING CASES
ANTIDUMPING DUTIES
APPAREL
APPAREL INDUSTRIES
APPAREL INDUSTRY
ASSETS
BILATERAL AGREEMENTS
BILATERAL COOPERATION
BILATERAL TRADE
BUSINESS CYCLE
BUSINESS CYCLE SYNCHRONIZATION
BUSINESS CYCLES
CAPITAL FLOWS
CAPITAL MARKETS
CAPITAL OUTFLOWS
CAPITAL STOCK
CAPITAL STOCKS
CENTRAL BANK
COMMODITIES
COMMODITY PRICE
COMMODITY PRICES
COMPARATIVE ADVANTAGE
COMPETITIVENESS
CONSTANT ELASTICITY OF SUBSTITUTION
CONSUMER PREFERENCES
CONSUMERS
COPYRIGHT CLEARANCE
COPYRIGHT CLEARANCE CENTER
CORPORATE GOVERNANCE
CORRELATION ANALYSIS
CORRELATION COEFFICIENT
CORRELATION OF BUSINESS CYCLES
COUNTRY DUMMIES
COUNTRY ECONOMY
DEMAND SHOCKS
DEPENDENT VARIABLE
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICIES
DOMESTIC MARKETS
DOMESTIC PRODUCERS
ECONOMETRIC MODEL
ECONOMIC COOPERATION
ECONOMIC GROWTH
ECONOMIC POLICIES
ECONOMIC POLICY
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIC SIZE
ECONOMICS
ECONOMICS RESEARCH
ELASTICITY
ELASTICITY OF SUBSTITUTION
EXPLANATORY VARIABLE
EXPORT GROWTH
EXPORT MARKET
EXPORT PRICES
EXPORT SPECIALIZATION
EXPORT SUPPLY
EXPORT VOLUME
EXPORTER
EXPORTERS
EXPORTS
EXPOSURE
EXTERNALITIES
FACTOR ENDOWMENTS
FACTORS OF PRODUCTION
FEDERAL RESERVE
FINANCIAL SECTOR
FISCAL POLICY
FOREIGN ASSET
FOREIGN ASSET HOLDINGS
FOREIGN CAPITAL
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN RELATIONS
FREE TRADE
FREE TRADE AGREEMENT
FREE TRADE AREA
GDP
GDP PER CAPITA
GENERAL AGREEMENT ON TARIFFS
GENERAL EQUILIBRIUM
GEOGRAPHIC PROXIMITY
GLOBAL COMPETITION
GLOBAL ECONOMY
GLOBAL LIQUIDITY
GLOBAL MARKETPLACE
GLOBAL MARKETS
GLOBALIZATION
GRAVITY MODEL
GROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT PER CAPITA
HUMAN CAPITAL
IMPACT OF TRADE
IMPORT COMPETITION
IMPORT DATA
IMPORT DEMAND
IMPORT MARKETS
IMPORT PENETRATION
IMPORT PRICE
IMPORT PRICES
IMPORT TARIFFS
IMPORTS
INCOME LEVELS
INDUSTRIAL PRODUCTION
INDUSTRIAL SECTOR
INDUSTRY TRADE
INEQUALITY
INSTRUMENTAL VARIABLES
INTERMEDIATE GOODS
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCE
INTERNATIONAL INTEREST
INTERNATIONAL INTEREST RATES
INTERNATIONAL MARKETS
INTERNATIONAL STANDARD
INTERNATIONAL TRADE
INTERNATIONAL TRADE COMMISSION
INVESTMENT CLIMATE
INVESTMENT OPPORTUNITIES
INVESTOR PROTECTION
JOB CREATION
LABOR FORCE
LABOR MARKETS
LIQUIDITY
LOBBYING
MACROECONOMIC VULNERABILITY
MACROECONOMICS
MARKET SHARE
MARKET SHARES
MONOPOLISTIC COMPETITION
MULTINATIONAL ENTERPRISES
MULTINATIONAL FIRMS
NATURAL RESOURCE
NATURAL RESOURCES
NET EXPORTER
NET EXPORTS
OPEN ECONOMY
OUTPUT
PATENTS
POLITICAL ECONOMY
POSITIVE EXTERNALITIES
PREFERENTIAL ACCESS
PREFERENTIAL TARIFFS
PREFERENTIAL TRADE
PRICE INDEXES
PRIMARY COMMODITY
PRIVATE CAPITAL
PRIVATIZATION
PRODUCTION STRUCTURES
PRODUCTIVITY
PROTECTIONISM
PROTECTIONIST
PUBLIC DEFICITS
QUOTAS
RAPID GROWTH
REGIONAL TRADE
REGIONAL TRADE AGREEMENTS
REGRESSION ANALYSIS
RELATIVE PRICES
REMITTANCES
RESERVE BANK
SAFETY NETS
SHARE OF WORLD EXPORTS
SIDE EFFECTS
SLOWDOWN
SOCIAL DEVELOPMENT
SPECIALIZATION
SUGAR PRICES
SUPPLY CAPACITIES
SUPPLY CAPACITY
SUPPLY CONDITIONS
SUPPLY SHOCKS
SUPPLY SIDES
SUPPLY-SIDE
SURPLUSES
TELECOMMUNICATIONS
TERMS-OF-TRADE GAINS
TOTAL EXPORTS
TOTAL FACTOR PRODUCTIVITY
TOTAL IMPORT
TOURISM
TRADE BALANCE
TRADE CLASSIFICATION
TRADE COSTS
TRADE DATA
TRADE FLOWS
TRADE IN GOODS
TRADE IN SERVICES
TRADE INTEGRATION
TRADE LIBERALIZATION
TRADE POLICIES
TRADE RELATIONSHIPS
TRADE SHOCKS
TRADE STATISTICS
TRADEMARKS
TRADING PARTNERS
UNEMPLOYMENT
UNSKILLED LABOR
VALUE ADDED
WAGES
WEALTH
WORLD DEMAND
WORLD DEVELOPMENT INDICATORS
WORLD MARKETS
WORLD PRICE
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
spellingShingle ACCUMULATION OF RESERVES
ADJUSTMENT COSTS
ANTIDUMPING
ANTIDUMPING CASES
ANTIDUMPING DUTIES
APPAREL
APPAREL INDUSTRIES
APPAREL INDUSTRY
ASSETS
BILATERAL AGREEMENTS
BILATERAL COOPERATION
BILATERAL TRADE
BUSINESS CYCLE
BUSINESS CYCLE SYNCHRONIZATION
BUSINESS CYCLES
CAPITAL FLOWS
CAPITAL MARKETS
CAPITAL OUTFLOWS
CAPITAL STOCK
CAPITAL STOCKS
CENTRAL BANK
COMMODITIES
COMMODITY PRICE
COMMODITY PRICES
COMPARATIVE ADVANTAGE
COMPETITIVENESS
CONSTANT ELASTICITY OF SUBSTITUTION
CONSUMER PREFERENCES
CONSUMERS
COPYRIGHT CLEARANCE
COPYRIGHT CLEARANCE CENTER
CORPORATE GOVERNANCE
CORRELATION ANALYSIS
CORRELATION COEFFICIENT
CORRELATION OF BUSINESS CYCLES
COUNTRY DUMMIES
COUNTRY ECONOMY
DEMAND SHOCKS
DEPENDENT VARIABLE
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICIES
DOMESTIC MARKETS
DOMESTIC PRODUCERS
ECONOMETRIC MODEL
ECONOMIC COOPERATION
ECONOMIC GROWTH
ECONOMIC POLICIES
ECONOMIC POLICY
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIC SIZE
ECONOMICS
ECONOMICS RESEARCH
ELASTICITY
ELASTICITY OF SUBSTITUTION
EXPLANATORY VARIABLE
EXPORT GROWTH
EXPORT MARKET
EXPORT PRICES
EXPORT SPECIALIZATION
EXPORT SUPPLY
EXPORT VOLUME
EXPORTER
EXPORTERS
EXPORTS
EXPOSURE
EXTERNALITIES
FACTOR ENDOWMENTS
FACTORS OF PRODUCTION
FEDERAL RESERVE
FINANCIAL SECTOR
FISCAL POLICY
FOREIGN ASSET
FOREIGN ASSET HOLDINGS
FOREIGN CAPITAL
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN RELATIONS
FREE TRADE
FREE TRADE AGREEMENT
FREE TRADE AREA
GDP
GDP PER CAPITA
GENERAL AGREEMENT ON TARIFFS
GENERAL EQUILIBRIUM
GEOGRAPHIC PROXIMITY
GLOBAL COMPETITION
GLOBAL ECONOMY
GLOBAL LIQUIDITY
GLOBAL MARKETPLACE
GLOBAL MARKETS
GLOBALIZATION
GRAVITY MODEL
GROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT PER CAPITA
HUMAN CAPITAL
IMPACT OF TRADE
IMPORT COMPETITION
IMPORT DATA
IMPORT DEMAND
IMPORT MARKETS
IMPORT PENETRATION
IMPORT PRICE
IMPORT PRICES
IMPORT TARIFFS
IMPORTS
INCOME LEVELS
INDUSTRIAL PRODUCTION
INDUSTRIAL SECTOR
INDUSTRY TRADE
INEQUALITY
INSTRUMENTAL VARIABLES
INTERMEDIATE GOODS
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCE
INTERNATIONAL INTEREST
INTERNATIONAL INTEREST RATES
INTERNATIONAL MARKETS
INTERNATIONAL STANDARD
INTERNATIONAL TRADE
INTERNATIONAL TRADE COMMISSION
INVESTMENT CLIMATE
INVESTMENT OPPORTUNITIES
INVESTOR PROTECTION
JOB CREATION
LABOR FORCE
LABOR MARKETS
LIQUIDITY
LOBBYING
MACROECONOMIC VULNERABILITY
MACROECONOMICS
MARKET SHARE
MARKET SHARES
MONOPOLISTIC COMPETITION
MULTINATIONAL ENTERPRISES
MULTINATIONAL FIRMS
NATURAL RESOURCE
NATURAL RESOURCES
NET EXPORTER
NET EXPORTS
OPEN ECONOMY
OUTPUT
PATENTS
POLITICAL ECONOMY
POSITIVE EXTERNALITIES
PREFERENTIAL ACCESS
PREFERENTIAL TARIFFS
PREFERENTIAL TRADE
PRICE INDEXES
PRIMARY COMMODITY
PRIVATE CAPITAL
PRIVATIZATION
PRODUCTION STRUCTURES
PRODUCTIVITY
PROTECTIONISM
PROTECTIONIST
PUBLIC DEFICITS
QUOTAS
RAPID GROWTH
REGIONAL TRADE
REGIONAL TRADE AGREEMENTS
REGRESSION ANALYSIS
RELATIVE PRICES
REMITTANCES
RESERVE BANK
SAFETY NETS
SHARE OF WORLD EXPORTS
SIDE EFFECTS
SLOWDOWN
SOCIAL DEVELOPMENT
SPECIALIZATION
SUGAR PRICES
SUPPLY CAPACITIES
SUPPLY CAPACITY
SUPPLY CONDITIONS
SUPPLY SHOCKS
SUPPLY SIDES
SUPPLY-SIDE
SURPLUSES
TELECOMMUNICATIONS
TERMS-OF-TRADE GAINS
TOTAL EXPORTS
TOTAL FACTOR PRODUCTIVITY
TOTAL IMPORT
TOURISM
TRADE BALANCE
TRADE CLASSIFICATION
TRADE COSTS
TRADE DATA
TRADE FLOWS
TRADE IN GOODS
TRADE IN SERVICES
TRADE INTEGRATION
TRADE LIBERALIZATION
TRADE POLICIES
TRADE RELATIONSHIPS
TRADE SHOCKS
TRADE STATISTICS
TRADEMARKS
TRADING PARTNERS
UNEMPLOYMENT
UNSKILLED LABOR
VALUE ADDED
WAGES
WEALTH
WORLD DEMAND
WORLD DEVELOPMENT INDICATORS
WORLD MARKETS
WORLD PRICE
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
Lederman, Daniel
Olarreaga, Marcelo
Perry, Guillermo E.
China's and India's Challenge to Latin America : Opportunity or Threat?
geographic_facet Latin America & Caribbean
Latin America
Caribbean
China
India
description China's and India's fast economic growth since 1990 is paralleled only by their growing presence in policy discussions throughout the Latin America and the Caribbean (LAC) region. The success of these Asian countries is looked upon with admiration, but there is also concern about the effects that growing Chinese and Indian exports may have on the manufacturing and service sectors throughout LAC. Blame for the private sector's poor performance in some LAC countries often falls on the growing presence of China, and to a lesser extent India, in world markets. The rest of this introduction is organized as follows: the next section summarizes the evidence on the positive aggregate effects of China's and India's growth in world trade markets, foreign direct investment (FDI) flows, and innovation activities on LAC economies, and is followed by a section presenting evidence on the effects of China's and India's growth within industries, concluding that negative effects are limited to certain manufacturing and service sectors, in particular in Mexico and to a lesser extent in Central America and the Caribbean. Next is a section that summarizes evidence of the effects of China's and India's growth on specialization patterns and factor adjustments, and actual and potential policy responses by LAC governments. The final section summarizes policy implications.
format Publications & Research :: Publication
author Lederman, Daniel
Olarreaga, Marcelo
Perry, Guillermo E.
author_facet Lederman, Daniel
Olarreaga, Marcelo
Perry, Guillermo E.
author_sort Lederman, Daniel
title China's and India's Challenge to Latin America : Opportunity or Threat?
title_short China's and India's Challenge to Latin America : Opportunity or Threat?
title_full China's and India's Challenge to Latin America : Opportunity or Threat?
title_fullStr China's and India's Challenge to Latin America : Opportunity or Threat?
title_full_unstemmed China's and India's Challenge to Latin America : Opportunity or Threat?
title_sort china's and india's challenge to latin america : opportunity or threat?
publisher World Bank
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090128002333
http://hdl.handle.net/10986/2591
_version_ 1764385667465347072
spelling okr-10986-25912021-04-23T14:02:03Z China's and India's Challenge to Latin America : Opportunity or Threat? Lederman, Daniel Olarreaga, Marcelo Perry, Guillermo E. ACCUMULATION OF RESERVES ADJUSTMENT COSTS ANTIDUMPING ANTIDUMPING CASES ANTIDUMPING DUTIES APPAREL APPAREL INDUSTRIES APPAREL INDUSTRY ASSETS BILATERAL AGREEMENTS BILATERAL COOPERATION BILATERAL TRADE BUSINESS CYCLE BUSINESS CYCLE SYNCHRONIZATION BUSINESS CYCLES CAPITAL FLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL STOCK CAPITAL STOCKS CENTRAL BANK COMMODITIES COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT ELASTICITY OF SUBSTITUTION CONSUMER PREFERENCES CONSUMERS COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE GOVERNANCE CORRELATION ANALYSIS CORRELATION COEFFICIENT CORRELATION OF BUSINESS CYCLES COUNTRY DUMMIES COUNTRY ECONOMY DEMAND SHOCKS DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DOMESTIC MARKETS DOMESTIC PRODUCERS ECONOMETRIC MODEL ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RELATIONS ECONOMIC RESEARCH ECONOMIC SIZE ECONOMICS ECONOMICS RESEARCH ELASTICITY ELASTICITY OF SUBSTITUTION EXPLANATORY VARIABLE EXPORT GROWTH EXPORT MARKET EXPORT PRICES EXPORT SPECIALIZATION EXPORT SUPPLY EXPORT VOLUME EXPORTER EXPORTERS EXPORTS EXPOSURE EXTERNALITIES FACTOR ENDOWMENTS FACTORS OF PRODUCTION FEDERAL RESERVE FINANCIAL SECTOR FISCAL POLICY FOREIGN ASSET FOREIGN ASSET HOLDINGS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN RELATIONS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA GDP GDP PER CAPITA GENERAL AGREEMENT ON TARIFFS GENERAL EQUILIBRIUM GEOGRAPHIC PROXIMITY GLOBAL COMPETITION GLOBAL ECONOMY GLOBAL LIQUIDITY GLOBAL MARKETPLACE GLOBAL MARKETS GLOBALIZATION GRAVITY MODEL GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT PER CAPITA HUMAN CAPITAL IMPACT OF TRADE IMPORT COMPETITION IMPORT DATA IMPORT DEMAND IMPORT MARKETS IMPORT PENETRATION IMPORT PRICE IMPORT PRICES IMPORT TARIFFS IMPORTS INCOME LEVELS INDUSTRIAL PRODUCTION INDUSTRIAL SECTOR INDUSTRY TRADE INEQUALITY INSTRUMENTAL VARIABLES INTERMEDIATE GOODS INTERNATIONAL ECONOMICS INTERNATIONAL FINANCE INTERNATIONAL INTEREST INTERNATIONAL INTEREST RATES INTERNATIONAL MARKETS INTERNATIONAL STANDARD INTERNATIONAL TRADE INTERNATIONAL TRADE COMMISSION INVESTMENT CLIMATE INVESTMENT OPPORTUNITIES INVESTOR PROTECTION JOB CREATION LABOR FORCE LABOR MARKETS LIQUIDITY LOBBYING MACROECONOMIC VULNERABILITY MACROECONOMICS MARKET SHARE MARKET SHARES MONOPOLISTIC COMPETITION MULTINATIONAL ENTERPRISES MULTINATIONAL FIRMS NATURAL RESOURCE NATURAL RESOURCES NET EXPORTER NET EXPORTS OPEN ECONOMY OUTPUT PATENTS POLITICAL ECONOMY POSITIVE EXTERNALITIES PREFERENTIAL ACCESS PREFERENTIAL TARIFFS PREFERENTIAL TRADE PRICE INDEXES PRIMARY COMMODITY PRIVATE CAPITAL PRIVATIZATION PRODUCTION STRUCTURES PRODUCTIVITY PROTECTIONISM PROTECTIONIST PUBLIC DEFICITS QUOTAS RAPID GROWTH REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGRESSION ANALYSIS RELATIVE PRICES REMITTANCES RESERVE BANK SAFETY NETS SHARE OF WORLD EXPORTS SIDE EFFECTS SLOWDOWN SOCIAL DEVELOPMENT SPECIALIZATION SUGAR PRICES SUPPLY CAPACITIES SUPPLY CAPACITY SUPPLY CONDITIONS SUPPLY SHOCKS SUPPLY SIDES SUPPLY-SIDE SURPLUSES TELECOMMUNICATIONS TERMS-OF-TRADE GAINS TOTAL EXPORTS TOTAL FACTOR PRODUCTIVITY TOTAL IMPORT TOURISM TRADE BALANCE TRADE CLASSIFICATION TRADE COSTS TRADE DATA TRADE FLOWS TRADE IN GOODS TRADE IN SERVICES TRADE INTEGRATION TRADE LIBERALIZATION TRADE POLICIES TRADE RELATIONSHIPS TRADE SHOCKS TRADE STATISTICS TRADEMARKS TRADING PARTNERS UNEMPLOYMENT UNSKILLED LABOR VALUE ADDED WAGES WEALTH WORLD DEMAND WORLD DEVELOPMENT INDICATORS WORLD MARKETS WORLD PRICE WORLD TRADE WORLD TRADE ORGANIZATION WTO China's and India's fast economic growth since 1990 is paralleled only by their growing presence in policy discussions throughout the Latin America and the Caribbean (LAC) region. The success of these Asian countries is looked upon with admiration, but there is also concern about the effects that growing Chinese and Indian exports may have on the manufacturing and service sectors throughout LAC. Blame for the private sector's poor performance in some LAC countries often falls on the growing presence of China, and to a lesser extent India, in world markets. The rest of this introduction is organized as follows: the next section summarizes the evidence on the positive aggregate effects of China's and India's growth in world trade markets, foreign direct investment (FDI) flows, and innovation activities on LAC economies, and is followed by a section presenting evidence on the effects of China's and India's growth within industries, concluding that negative effects are limited to certain manufacturing and service sectors, in particular in Mexico and to a lesser extent in Central America and the Caribbean. Next is a section that summarizes evidence of the effects of China's and India's growth on specialization patterns and factor adjustments, and actual and potential policy responses by LAC governments. The final section summarizes policy implications. 2012-03-19T10:02:32Z 2012-03-19T10:02:32Z 2009 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090128002333 978-0-8213-7308-8 http://hdl.handle.net/10986/2591 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean Latin America Caribbean China India