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Latin American Economic Outlook 2016

Towards a New Partnership with China

image of Latin American Economic Outlook 2016

The Latin American Economic Outlook 2016 is devoted to the evolving relationship between Latin America and China, as well as its prospects in the long term. China's transformation involves a gradual shift in its development strategy, including the rebalancing process from investment to consumption, the demographic transition, the structural transformation towards high value-added goods and services, and a "going-out" policy to approach other regions. This report lays the ground for discussing future trends in the relationship between China and Latin America, given these changing patterns. Based on the analysis of potential transmission channels of China’s new model to the region, which include issues on trade, finance and skills, the outlook aims to identify strategies and policy responses for Latin America to overcome development challenges. Latin America and China can complement each other further and build a mutually beneficial partnership for development.

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Shifting wealth, China's new normal and Latin America

OECD Development Centre

This chapter analyses the role of China and Latin America in the process of shifting wealth. The first section discusses how the integration of China into the global economy shaped the initial phase of shifting wealth, in which Latin America was mostly a spectator. The second section analyses the foreseeable evolution of this process, namely shifting wealth II, in light of several structural and policy trends unfolding in China (e.g. demographic ageing, the rise of the middle class and the structural transformation process). The third section explores the relationship of both China and Latin America with the “middle-income trap”, through a discriminant analysis that highlights the characteristics that separates them from the countries that escaped the trap. The chapter concludes with a summary of key findings.

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