Table of Contents

Introduction K.C. Fung and Alicia García-Herrero 1. China-Latin America Economic Cooperation: Going beyond Resource and Manufacturing Complementarity Masahiro Kawai and Fan Zhai 2. Asian Opportunities and Diversification Strategies: An Outlook for Latin American Trade Rolando Avendaño and Javier Santiso 3. Is India the Next Big Thing for Latin America? A Comparative Analysis of China’s and India’s Trade Antony Estevadeordal, Mauricio Mesquita Moreira, Christian Volpe and Juan Blyde 4. Production Sharing in Latin America and East Asia K.C. Fung, Alicia García-Herrero and Alan Siu 5. Financial Access of SMEs in Latin America: Lessons for China GAO Jing 6. The Latin American Experience in Pension System Reform: Coverage, Fiscal Issues and Possible Implications for China Daniel Titelman, Cecilia Vera and Esteban Pérez 7. A Comparison of Chinese Outward Direct Investment with Its Regional Peers: Japan, South Korea and Taiwan K.C. Fung, Alicia García-Herrero, Ya Lan Liu and Alan Siu 8. The Impact of the Emergence of China on Brazilian International Trade Enestor Dos Santos and Soledad Zignano 9. China and Mexico in the U.S. Market: Challenges and Opportunities Cecilia Posadas Pérez

About the Author

K.C. Fung is a Professor of Economics at the University of California, Santa Cruz and a senior research fellow at the Hong Kong Institute of Economics and Business Strategy (HIEBS) at the University of Hong Kong. Alicia Garcia-Herrero is Chief Economist for Emerging Markets at Banco Bilbao Vizcaya Argentaria (BBVA). She is also a member of the advisory board of the Hong Kong Institute of Monetary Research and special advisor to the European Commission on China issues. She is also adjunct professor at the Lingnan University (Hong Kong).

Reviews

'This book is a must for Latin American policymakers and scholars. The essays provide an unusually deep and provocative look into different aspects of Asian and Latin American comparative performance and their trade and investment interactions. These and many other insights offered by this book illuminate the present policy challenges for Latin America in order to be able to emulate Asian high growth performance and to take advantage of the spectacular growth of Asian trade.' Guillermo Perry, non resident fellow at the Center for Global Development and former Chief Economist for Latin America and the Caribbean at the World Bank. 'This volume provides keen insights on economic and financial integration between Asia (particularly China) and Latin America, as well as prospects for their deeper integration. The essays present both opportunities and challenges for Latin American economies resulting from China's rapid ascent in the world economy. Nevertheless, as the book highlights, their relationship is not unidirectional. China can learn policy lessons from the Latin American experience especially in pension reform and policies toward small- and medium-sized enterprises. As a whole, the book succeeds in filling a large gap in the literature relating to recent developments and lessons from Sino-Latin American relations.' Changyong Rhee, Chief Economist at the Asian Development Bank. 'This book is timely and provocative. Debunking old myths about the pros and cons for Latin America represented by the emergence of China, the authors argue that the two regions have much to gain from their relationship, not just by trading more, but by learning from each other. The book identifies policy challenges, suggests novel strategies to confront them, and opens new avenues for research.' Eduardo Lora, Chief Economist (a.i.) and General Manager of the Research Department Inter-American Development Bank.