Latin America and the Caribbean’s Long-Term Growth: Made in China?

Thursday, September 22nd 2011 - 07:42 UTC

Full article 3 comments

Robust growth over the past decade in Latin America and the Caribbean (LAC) has had one new, key driver: China. The region’s relationship with the Asian giant has proved to be a critical source of stability, both during the global economic crisis of two years ago, the greatest since the Great Depression, and even the current market turmoil that is rolling across Europe and the United States. Read full article

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GeoffWard2
In general terms, 'The first decade of China relations with Latin America have lacked much of that promising exchange that we saw with the rise of Japan where there was a significant outward distribution of technology and knowledge. '

So, we now know Argentina's secret strategy for weathering the world financial crisis (we were all agog!) . . . . China likes lots of soy sauce.

What was it the article said . . . . LACs will fail to develop because of poor infrastructure, insufficient electrical energy in the grid, and under-achieving and sparse higher education.

But Latin America has 'vibrant democracies' -
- oh, good, so all will be OK then.

Sigh . . .
Sep 22nd, 2011 - 10:11 pm - Link - Report abuse 0
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razor654321
The LAC countries better hope and pray that there's no forthcoming housing bubble in China and that the Chinese government can control inflation, and that there's no forthcoming recession in China. These are all real possibilities. Then what will happen? Also, the little Tigers like Vietnam, Indonesia, etc. are increasingly taking manufacturing away from China because of even cheaper labor costs. China will continue to be incredibly important for the rest of time, but to pin all hopes on it probably isn't the best course of action.
Sep 23rd, 2011 - 05:54 pm - Link - Report abuse 0
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Pedro
When Greece defaults and Europe is in crisis this will affect China as well (biggest lender to the EU) Tighten your belts! Those that are happy with the woes of Euerope and the US will realise that it will affect you just as badly. The world is in serious trouble
Sep 25th, 2011 - 08:01 am - Link - Report abuse 0
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