Should Latin America Fear China?

Eduardo Lora

No 4367, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper compares growth conditions in China and Latin America to assess fears that China will displace Latin America in the coming decades. China's strengths include the size of the economy, macroeconomic stability, abundant low-cost labor, the rapid expansion of physical infrastructure, and the ability to innovate. China's weaknesses, stemming from insufficient separation between market and state, include poor corporate governance, a fragile financial system and misallocation of savings. Both regions share important weaknesses: the rule of law is weak, corruption endemic, and education is poor and very poorly distributed.

Keywords: WP-531; WP-536 (search for similar items in EconPapers)
Date: 2005-05
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Citations: View citations in EconPapers (1)

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Working Paper: Should Latin America Fear China? (2005)
Working Paper: Should Latin America Fear China? (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:4367

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