Loading...
Please wait, while we are loading the content...
Similar Documents
Angel or Devil ? Chinese Trade Impact on Latin American Emerging Markets 1
| Content Provider | Semantic Scholar |
|---|---|
| Author | Blázquez-Lidoy, Jorge Rodríguez, José Ángel Santiso, Javier |
| Copyright Year | 2005 |
| Abstract | China's progress since it first opened to foreign investment and reform in 1978 has been dazzling. Over the last 20 years, and after a long period of economic autarky, the country emerged as a major player in world trade. In this context, the China's accession into World Trade Organisation (WTO) in 2001 could be considered as a milestone. China emerged as both a threat and an opportunity for Latin American emerging markets. On average, and in spite of some exceptions, Latin America is a clear trade winner from Chinese global integration. In order to analyse the Chinese trade impact, we study the exporting and importing structure of the country. We used a database of 620 different goods and built two indexes of trade competition in order to compare Chinese impact over the period 1998-2002 on 34 economies of which 15 are Latin American countries. In general terms, the results confirm that there is no relevant trade competition between China and Latin America. Not surprisingly, those countries that export mainly commodities face lower competition. This is an expected result since China is a net importer of raw materials. The results also hint at Mexico facing the strongest commercial competition. In fact, only Rumania, Hungary and Thailand suffer from tougher potential competition from China. On the other hand, and more surprisingly, Mexico could also be one of the potential big winners of Chinese world trade integration. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.ids.ac.uk/files/SantisoBackgroundPaper.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
