03793oam 2200481 450 991078687360332120190911112729.0981-4452-57-2(OCoLC)844311168(MiFhGG)GVRL8RBH(EXLCZ)99267000000037246820130131h20132013 uy 0engurun|---uuuuatxtccrThe world turned upside down the complex partnership between China and Latin America /Alfredo Toro HardyHackensack, N.J. World Scientific2013New Jersey :World Scientific,[2013]�20131 online resource (xxiv, 243 pages) illustrations, mapsSeries on contemporary China,1793-0847 ;vol. 34Gale eBooksSeries on contemporary China,1793-0847 ;v. 34Description based upon print version of record.981-4452-56-4 Includes bibliographical references and index.Contents; Foreword by Geoffrey Hawthorn; Foreword by Xulio Ríos; Foreword by L. Enrique García; Acknowledgements; Introduction; Endnotes; Chapter 1 Emerging China; Shareholder capitalism versus stakeholder capitalism; The Washington Consensus; The GATT Uruguay Round; The pendulum starts swinging back; The Asian crisis; The Beijing Consensus; The Singapore model; China and the developing world; The Lewis turning point; China's ruder; Chapter 2 A Declining West; Mighty Chiindia; The Indian model; A multicultural globalisation; The Global South and shareholder capitalismThe West: An embattled fortressThe United States lagging behind; Obama's response to a rising China; 2008: The American decline; The Euro zone's nightmare; Timing incompatibility and incompatible objectives; Japan's three "D"s; The West's lonely band; Decoupling; Chapter 3 A Dragon in Latin Lands; The dragon that appeared from nowhere; What is Latin America?; Latin America plus the Caribbean; The import-substituting industrialisation process; Flaws, results and implosion; Opening of the gates; China's redeeming virtue; Mexican-type economies; Brazilian-type economiesChina's investments and loansThe in between economies; Commodities: Curse or development opportunity?; Chapter 4 Is There a Future for Latin America?; Between China's torch and technology's Damocles sword; Where does Latin America go from here?; Commodities exporters' first steps; The Belindia syndrome; Services: The new exports frontier; Global chains of value; Infrastructural development; Sovereign wealth funds; White paper and negotiations; Conclusion; Bibliography; About the Author; IndexActing as a Sorcerer's Apprentice, the West incorporated 1.3 billion Chinese and 1.2 billion Indians into the world's labour equation within a context of lower production costs. This resulted in erosion of its competitive capacity and social stability, while greatly benefiting developing economies, many of which were able to emerge with unprecedented speed. With China as the main engine, the developing economies have become increasingly integrated, sustaining in the process a fundamental part of the global trade growth. While this phenomenon took shape, excesses within Western economies generaSeries on contemporary China ;v. 34.ChinaForeign economic relationsLatin AmericaLatin AmericaForeign economic relationsChina337.5108Toro Hardy Alfredo1950-1125235MiFhGGMiFhGGBOOK9910786873603321The world turned upside down3778516UNINA