Development banks have a unique role to play in Latin America and the Caribbean (LAC) and in emerging market and developing countries across the globe. Development banks seek to correct key market and government failures and crowd-in private sector economic activity into areas such as infrastructure and cleaner energy technologies, as well as into policy […]
China experienced significant volatility in its housing market from 2005-2013. Economists analyzing the determinants of volatility in these markets find that the bubble was largely driven by factors specific to the Chinese economy and Chinese economic policy. In a 2015 working paper, Yuan Tian and Kevin P. Gallagher examine the extent to which short-term capital […]
Over the last decade, Peru has become one of Latin America’s economic success stories, by achieving sustained growth under a political democracy, cutting poverty in half and producing an expanding new middle class. Peru’s expanding relationship with China has played an important role in Peru’s economic growth. In particular, Peru’s trade and investment relationship with […]
Over the last two decades, Mexico-China trade has grown enormously, particularly imports from China to Mexico, following China’s entry into the World Trade Organization in 2001. This created a significant foreign trade deficit for Mexico with China and led to tensions between the two countries as Mexico regained US markets. Only recently have tensions begun […]
For the last several years, China has become an invaluable trading partner to Ecuador, ensuring Ecuador’s access to international credit markets after its partial bond default and provided an important source of new investment and trade revenue during the recent global downturn. The partnership also increased the importance of petroleum in Ecuador’s overall export basket. […]
In the last several years, Colombia’s coal sector has grown, spurred in part by demand from China, the world’s largest purchaser. Chinese foreign direct investment (FDI) in Colombia is limited, even as China has positioned itself as a leading trade partner. In a new working paper, Guillermo Rudas Lleras and Mauricio Cabrera Leal explore the […]