The authors examine the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, they extend the protection for sale model to allow for different...

For many in Latin America, the increasing participation of China and India in international markets is seen as a looming shadow of two mighty giantson the region's manufacturing sector. Are they really mighty giants when it comes to their impact on manufacturing employment? The authors attempt...