Format:
1 Online-Ressource (circa 52 Seiten)
,
Illustrationen
ISBN:
9781513561141
Series Statement:
IMF working paper WP/20, 239
Content:
Asia and Latin America and the Caribbean (LAC), two regions with large growth potential, have become increasingly connected over the last 20 years. China has emerged not only as a top trading partner, but also as an important competitor of LAC exports. China's retreat from certain markets, due to the ongoing rebalancing process, could open new opportunities for LAC exporters but also entail some challenges. Our results show that China's rebalancing will have an overall positive effect on LAC's GDP and exports in the long run, but this effect is small and uneven across countries, leading to winners and losers. We also provide evidence that other countries, such as India, are currently trying to fill the gap left by China and could undermine LAC's competitive advantage in some export markets. In this context, reduction of trade barriers and further integration within the region and/or with the rest of the world would lead to unequivocally positive outcomes for all LAC countries. The COVID-19 shock might exacerbate the effects identified in our analysis
Additional Edition:
Erscheint auch als Druck-Ausgabe Aasaavari, Nitya China's Rebalancing: Opportunities and Challenges for LAC Exporters Washington, D.C. : International Monetary Fund, 2020 ISBN 9781513561141
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781513561141.001
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