Latin America and the Asian Giants

CEPR Policy Insight No 10

Daniel Lederman, Marcelo Olarreaga, Guillermo Perry

China and India's fast economic growth during the past decade is paralleled only by their growing presence in policy discussions throughout the Latin America and the Caribbean (LAC) region. The success of these Asian countries is looked upon with admiration, but there is also concern about the effects that growing Chinese and Indian exports may have on the region's manufacturing and services sector. China and India's growing share in world markets is often blamed for the poor performance of the private sector in LAC.