Overview

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.Contents: Emerging ChinaShareholder Capitalism versus Stakeholder CapitalismThe Washington ConsensusThe GATT Uruguay RoundThe Pendulum Starts Swinging BackThe Asian CrisisThe Beijing ConsensusThe Singapore ModelChina and the Developing WorldThe Lewis Turning PointChina's ruderA Declining WestMighty ChiindiaThe Indian ModelA Multicultural GlobalisationThe Global South and Shareholder CapitalismThe West: An Embattled FortressThe United States Lagging BehindObama's Response to a Rising China2008: The American DeclineThe Euro Zone's NightmareTiming Incompatibility and Incompatible ObjectivesJapan's Three D sThe West's Lonely BandDecouplingA Dragon in Latin LandsThe Dragon that Appeared from NowhereWhat is Latin America?Latin America Plus the CaribbeanThe Import-Substituting Industrialisation ProcessFlaws, Results and ImplosionOpening of the GatesChina's Redeeming VirtueMexican-Type EconomiesBrazilian-Type EconomiesChina's Investments and LoansThe in Between EconomiesCommodities: Curse or Development Opportunity?Is There a Future for Latin America?Between China's Torch and Technology's Damocles SwordWhere Does Latin America Go from Here?Commodities Exporters' First StepsThe Belindia SyndromeServices: The New Exports FrontierGlobal Chains of ValueInfrastructural DevelopmentSovereign Wealth FundsWhite Paper and NegotiationsReadership: Researchers, professionals, undergraduate and graduate students interested in China-Latin American relations, emerging economies, China's development and Latin American Economic Growth.

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9781299651944

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