Opportunities and challenges in Latin America-Asia relations

This article analyses the impact of the deepening economic relations China and other Asian countries have with the economies of Latin America. It looks at the main benefits and costs of this greater interaction with particular reference to Latin America’s capacity for growth in the short and medium term. To this end, after a brief review of Latin America’s economic history since the last century, an evaluation is made, on the one hand, of the influence of the growth of Asian developing economies on the terms of trade and Latin America’s export income and, on the other, the changes in the latter continent’s productive structure and trade patterns that may have resulted from the increase of trade with Asia. Finally, some conclusions are offered along with prospects for the future.

Key words: Latin America, Asia, economic development, terms of trade, specialisation patterns

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https://doi.org/10.24241/rcai.2016.114.3.41