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 e...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Toro Hardy, Alfredo (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Singapore World Scientific Pub. Co. c2013
Schriftenreihe:	Series on Contemporary China 34
Schlagworte:	BUSINESS & ECONOMICS / International / Economics BUSINESS & ECONOMICS / International / General Wirtschaft China / Foreign economic relations / Latin America Latin America / Foreign economic relations / China Lateinamerika
Online-Zugang:	Volltext
Zusammenfassung:	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
Beschreibung:	Includes bibliographical references (p. 223-231) and index Ch. 1. Emerging China. Shareholder capitalism versus stakeholder capitalism. The Washington Consensus. The GATT Uruguay Round. The pendulum starts swinging back. The Asian crisis. The Beijing Consensus. The Singapore model. China and the developing world. The Lewis turning point. China's ruder -- ch. 2. A declining West. Mighty Chiindia. The Indian model. A multicultural globalisation. The Global South and shareholder capitalism. The West: an embattled fortress. The United States lagging behind. Obama's response to a rising China 2008: The American decline. The Euro zone's nightmare. Timing incompatibility and incompatible objectives. Japan's three "D"s. The West's lonely band. Decoupling -- ch. 3. A dragon in Latin lands. The dragon that appeared from nowhere. What is Latin America? Latin America plus the Caribbean. The import-substituting industrialisation process. Flaws, results and implosion. Opening of the gates. China's redeeming virtue. Mexican-type economies. Brazilian-type economies. China's investments and loans. The in between economies. Commodities: curse or development opportunity? -- ch. 4. Is there a future for Latin America? Between China's torch and technology's Damocles sword. Where does Latin America go from here? Commodities exporters' first steps. The Belindia syndrome. Services: the new exports frontier. Global chains of value. Infrastructural development. Sovereign wealth funds. White paper and negotiations
Beschreibung:	1 Online-Ressource (1 online resource (xxiv, 243 p.)) ill., maps