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China and the Latin America Commodities Boom: A Critical Assessment
Abstract:
This Working Paper analyzes the extent to which Chinese demand enhanced the performance of Latin American economies in economic boom that took place from the turn of the century until the run up to the financial and economic crisis of 2008-2009. It has been argued that China’s rise was been a blessing for the region, because Chinese demand boosted exports and in part caused a hike in commodities prices worldwide. The author finds that the direct impact on the Latin American exports was much smaller than what was touted. He goes on to address concerns over a Chinese-demand-led 'resource curse' and deindustrialization in Latin America.
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