The Dragon in the Room

China and the Future of Latin American Industrialization

Kevin Gallagher, Roberto Porzecanski

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English

Stanford University Press
24 September 2010

International relations; International economics; Trade agreements

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.

By: Kevin Gallagher, Roberto Porzecanski
Imprint: Stanford University Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 534mm
Weight: 431g
ISBN: 9780804771870
ISBN 10: 0804771871
Pages: 200
Publication Date: 24 September 2010
Audience: Professional and scholarly , Professional and scholarly , Undergraduate , Undergraduate
Format: Hardback
Publisher's Status: Active

Kevin P. Gallagher is Associate Professor of International Economics at Boston University, where he directs the Global Economic Governance Initiative at the Pardee Center for the Study of the Longer Range Future. He is author of numerous books, articles, and opinion pieces on trade policy, development, and the environment. Roberto Porzecanski is a research fellow at the Global Development and Environment Institute at Tufts University.

Reviews for The Dragon in the Room: China and the Future of Latin American Industrialization

Gallagher and Porzecanski focus on the economic aspects [and] provide an overview of the region as a whole . . . [A] welcome overview of the current state of knowledge on China and Latin America. --Rhys Jenkins, Journal of Latin American Studies