The dragon in the room
Subtitle: China and the future of Latin American industrialization
By: Kevin P. Gallagher and Roberto Porzecanski
Contributors: Porzecanski, Roberto
Publisher: Stanford University Press
Published: 2010
Place of publication: Stanford, Calif
Language: eng
Number of pages: 182
ISBN-13: 9780804771870; 9780804771887
Description: In the eyes of many, China's unprecedented economic rise has brought nothing but good news to the countries of Latin America and the Caribbean. Indeed, China's growing appetite for primary products, and the ability of Latin America to supply that demand, has played a role in restoring growth in Latin America, both in the run-up to the global financial crisis and in its aftermath. The dragon in the room that few are talking about is the fact that China is simultaneously out-competing Latin American manufacturers in world markets - so much so that it may threaten the ability of the region to generate long-term economic growth. One of the authors' key claims is that China is rapidly building the technological capabilities necessary for industrial development, whereas Latin American tech innovation and sophistication lags considerably. At a deeper level, the findings in this volume imply that China's road to globalization, one that emphasizes gradualism and coordinated macro-economic and industrial policies, is far superior to the "Washington Consensus" route taken by most Latin American nations, particularly Mexico. -- Publisher's website.
Notes: Includes bibliographical references and index.
Table of contents: title: Enter the dragon; title: China to the rescue? : China and the Latin American commodities boom; title: Lost in translation : China and the competitiveness of Latin American manufacturing; title: Taking away the ladder? : the fate of high-tech exports; title: Clear and present danger : Mexico and China in the U.S. market; title: The state of the state : industrial reform in China and Mexico; title: China and the future of Latin American industrialization.