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Korea breaking the mold of the Asia-Latin America relationship

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  • Korea breaking the mold of the Asia-Latin America relationship
  • Mesquita Moreira, Mauricio
  • IDB(Integration and Trade Sector)


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Title Korea breaking the mold of the Asia-Latin America relationship
Similar Titles
Material Type Reports
Author(English)

Mesquita Moreira, Mauricio

Publisher

New York:IDB(Integration and Trade Sector)

Date 2011-10
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Trade
Economy < Direct Investment
Holding Inter-American Development Bank (IDB)

Abstract

China's meteoric emergence in the last decade and its profound impact on the economic performance of Latin America and the Caribbean (LAC) has eclipsed the importance of the region's other Asian partners. Yet, LAC`s governments can only ignore them at their own peril. These countries remain a major source of opportunities for trade and investment and Korea is a case in point. It has a one trillion dollar economy, with an impressive growth record (a 7% annual average growth since the early 1960s) and a population of nearly 49 million, sitting on a very limited pool of natural resources.