China’s role in Latin America and the Caribbean (LAC) will need to adapt and evolve if it is going to have a lasting, positive impact, a new World Bank report has said.
The report, titled ‘Latin America and the Caribbean’s Long-Term Growth: Made in China?’ noted that the region’s relationship with the Asian giant has proved to be a critical source of stability, both during the global economic crisis of two years ago, but questions whether it can be sustained over the long term, a press release from the World Bank said.
The bank’s Chief Econo-mist for the region, Augusto de la Torre, who led the preparation of the report, said that there is little evidence that China can play a role in fostering productivity growth for
