Research, ideas, and leadership for a more secure, peaceful world

Past Event
Seminar

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

Open to the Public

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. However, China is simultaneously out-competing Latin American manufacturers in world markets. China is rapidly building the technological capabilities necessary for industrial development, whereas Latin American technology innovation and sophistication lags considerably.

THIS EVENT HAS BEEN POSTPONED.

Date: Time: -
Miners walk near the Toromocho copper project of the Chinese company Chinalco in Morococha, Peru, July 19, 2008. Chinese trade with Latin America has grown more than tenfold since 2000.

About

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. China is rapidly building the technological capabilities necessary for industrial development, whereas Latin American technology 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.

THIS EVENT HAS BEEN POSTPONED.