Presence of China and Asia-Pacific in the external sector of Latin América

Abstract

During the last decades, the impetuous growth and development of the Asian economies in general and particularly of the Chinese economy has led to a significant increase in the demand for raw materials . Thus, the new economic scenario has impact the performance of the gross domestic product and the export matrix of Latin America . In this line, this article analyzes the meaning and new role that the external sector acquires in Latin America as a consequence of the remarkable increase in commercial exchange. Using descriptive statistics, it is shown that due to the increase in the value of exports, both the purchasing power and the terms of trade are developed in favor of the countries of the region.