Asia-Latin America: Damaged goods
Latin America has become ever more dependent on commodities exports to Asia â€“ some fear at the expense of boosting the productivity of its own domestic industries
By Ivan Castano
That Asia's rise has been transformative for Latin America is
As the main source of growth for the region's exports, trade
with Asia has meant high growth for many countries across Latin
America â€" in many cases, without the need for
measures to boost productivity.
But companies and investors are now urging authorities in
Latin America to do more to shift the pattern of commerce,
while improving the quality of trade and investment between the
regions â€" especially as demand grows for
competitive manufactured goods and not just raw materials.
Trade between the two regions hit $442 billion in 2011,
according to the Inter-American Development Bank, and is poised
to grow sharply in the coming years.
Latin America's exports to Asia are forecast to exceed $230
billion by 2017, up from $180 billion in 2011, according to
research firm IHS Global Insight. At the same time,...
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