In the eyes of many, China’s unprecedented economic rise has brought nothing but good news to the countries of Latin America and the Caribbean. Indeed, 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. However, China is simultaneously out-competing Latin American manufacturers in world markets — so much so that it may threaten the region’s ability to generate long-term economic growth.
Kevin P. Gallagher is an associate professor of International Relations at Boston University, where he directs the Global Development Policy Program. He is also senior researcher at the Global Development and Environment Institute at Tufts University. The author of: The Dragon in the Room: China and the Future of Latin American Industrialization, with Roberto Porzecanski (Stanford University Press, 2010), Professor Gallagher also writes regular columns on global economic and development policy for The Guardian, Financial Times and POLITICO