Sino-Latin American Economic Relations

'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.