World Turned Upside Down, The: The Complex Partnership Between China And Latin America
Regular price
€93.99
A01=Alfredo Toro Hardy
Author_Alfredo Toro Hardy
Category=KCL
China
Commodities
ECLAC
Emerging Economies
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
European Union
Global South
Global Trade
India
Industrial Policies
Latin America
Technological Development
United States
Washington Consensus
Product details
- ISBN 9789814452564
- Publication Date: 28 Jun 2013
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
Secure
checkout
Fast Shipping
Easy returns
Acting as a Sorcerer's Apprentice, the West incorporated 1.3 billion Chinese and 1.2 billion Indians into the world's labour equation within a context of lower production costs. This resulted in erosion of its competitive capacity and social stability, while greatly benefiting developing economies, many of which were able to emerge with unprecedented speed. With China as the main engine, the developing economies have become increasingly integrated, sustaining in the process a fundamental part of the global trade growth. While this phenomenon took shape, excesses within Western economies generated a seismic crisis that dramatically accelerated a slow decline. As the ascendant and descendant curves of developing and developed economies are crossing each other, a decoupling tendency between both has become evident. The economic partnership between China and Latin America epitomizes well the growing integration between emerging economies. Even if mostly benefiting from it, Latin America is under the double sign of threat and opportunity due to this complex relation. For Latin America to succeed, it will need to reinvent itself.The analyses and information contained in this book will be of interest to researchers, academics and policy-makers alike.
