Sino-Latin American Economic Relations

This book analyses the economic and policy relationships between China and Latin America. One of the major economic developments in the world in the 21st century is the rise of Asia, particularly the rise of China. How does the rise of China affect the trade and investment of Latin American economies? In this volume, the contributors present expert analysis of these important effects using theoretical and conceptual insights as well as rigorous econometric tests. In addition, they also provide important policy implication which China could take from Latin American economies.Key issues covered by the contributors include international trade and direct investment, empirical analysis of the complementary and intra-industry trade nature of Latin American and Chinese trade, the comparison of the production and trade of parts and components in East Asia and in Latin America and an examination of policy issues such as policies towards small and medium sized enterprises as well as pension reforms. This book will be useful reading to anyone interested in Chinese Economics, Latin American Economics, and International Economics.

'This book is a must for Latin American policymakers and scholars. The essays provide an unusually deep and provocative look into different aspects of Asian and Latin American comparative performance and their trade and investment interactions. These and many other insights offered by this book illuminate the present policy challenges for Latin America in order to be able to emulate Asian high growth performance and to take advantage of the spectacular growth of Asian trade.' Guillermo Perry, non resident fellow at the Center for Global Development and former Chief Economist for Latin America and the Caribbean at the World Bank. 'This volume provides keen insights on economic and financial integration between Asia (particularly China) and Latin America, as well as prospects for their deeper integration. The essays present both opportunities and challenges for Latin American economies resulting from China’s rapid ascent in the world economy. Nevertheless, as the book highlights, their relationship is not unidirectional. China can learn policy lessons from the Latin American experience especially in pension reform and policies toward small- and medium-sized enterprises. As a whole, the book succeeds in filling a large gap in the literature relating to recent developments and lessons from Sino-Latin American relations.' Changyong Rhee, Chief Economist at the Asian Development Bank. 'This book is timely and provocative. Debunking old myths about the pros and cons for Latin America represented by the emergence of China, the authors argue that the two regions have much to gain from their relationship, not just by trading more, but by learning from each other. The book identifies policy challenges, suggests novel strategies to confront them, and opens new avenues for research.' Eduardo Lora, Chief Economist (a.i.) and General Manager of the Research Department Inter-American Development Bank."Sino-Latin American Economic Relations fills a gap in the current literature, and provides practical policy recommendations for both China and Latin American countries. In short, this edited volume is a thought-provoking work to policy-makers, scholars, students and anyone interested in Sino-Latin American economic relations and international economic relations." - East Asia Integration Studies, 2013.

K.C. Fung is a Professor of Economics at the University of California, Santa Cruz and a senior research fellow at the Hong Kong Institute of Economics and Business Strategy (HIEBS) at the University of Hong Kong. Alicia García-Herrero is Chief Economist for Emerging Markets at Banco Bilbao Vizcaya Argentaria (BBVA). She is also a member of the advisory board of the Hong Kong Institute of Monetary Research and special advisor to the European Commission on China issues. She is also adjunct professor at the Lingnan University (Hong Kong).