This paper explores the competitive threat posed by People's Republic of China (PRC) to Latin America and Caribbean (LAC). It focuses on the impact of PRC's rise as a major exporter of manufactures, but it also considers bilateral trade between LAC and PRC.

The presentation discusses the East Asian Miracle Experience regarding industrial policy and export growth. It commences reviewing the strategic policies for global competition that were implemented in the region; then it continues with the analysis of a series of models and finally it...

Industrial policy was for many years associated in policy discourse with failed interventionist import substitution strategies despite its apparent success in East Asia. Further despite the obvious point that in the real world 'markets fail' and enterprises impinge on each other, so that...