China And India Help Drive Latin American Growth

Latin America can thank the remarkable economic growth of China and India for around 10% of its total exports over the past 15 years, according to the World Bank’s chief economist Guillermo Perry, former finance minister of Colombia. In particular, over the past three years Latin American nations have benefited from the explosive growth of these two economies and their almost insatiable need for raw materials such as copper and oil to power their economic expansion.