The “China effect” on commodity prices and Latin American export earnings

Bibliographic Data

ID11650548
AuthorsRhys Jenkins (corresponding author)
Year2011
Volume2011
Issue103
Pages73-87
Publication date2011-08-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueCEPAL review (JOURNAL)
Journal identifiersISSN: 0251-2920 • E-ISSN: 1684-0348
PublisherUnited Nations Publications (PUBLISHER • US)
DOI10.18356/ceb8a981-en
OpenAlexW1772788112
LanguageEN
Citations received17

The commodity boom between 2002 and 2008 played an important role in increasing export earnings from Latin America. Growing demand from China for primary products was one factor stimulating the boom. While the direct effects of the growth of exports from Latin America to China have been extensively explored, the indirect impact of higher Chinese demand for commodities on global commodity prices has received less attention. This paper estimates the contribution made by the growth of Chinese demand to the rise in the prices of the 15 main commodities exported from the region. On the basis of these estimates, it calculates the total gain for the region as a whole in export revenues from the “China effect” on world prices. It also provides estimates for 17 Latin American countries of the net effect of Chinese-induced price increases on their trade balances

Boom · China · Commodity · Earnings · Economics · Geography · International economics · Latin Americans · Market economy · Monetary economics · Revenue · Global Financial Crisis and Policies · Global Trade and Competitiveness · Global trade and economics

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