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China'S Economic Slowdown Makes It Face Several Years Of Adjustment For Analgesia.

2013/9/12 20:03:00 27

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Workers in P, Brazil, are turning the coffee beans in the air. Taking R & D as an example, this is a major challenge for Latin American countries. Clearly, Latin American countries need to enhance their innovation capability if they want to get rid of their dependence on commodity exports. However, Luis Alberto Moreno, President of the Inter-American Development Bank, said that the total R & D expenditure in Latin America is only 85% of that in Korea, including the government, universities and the private sector. The gap between Moreno and Dalian at the a href= "//www.sjfzxm.com/news/index_c.asp" World Economic Forum < /a > indicates that the biggest challenge for Latin American countries is productivity. 
This is also China's challenge, P. China is now in the process of reform, hoping to avoid repeating the mistakes of countries such as Brazil and Mexico. The growth rates of these countries have been far ahead in the world, but then the growth rate has slowed down and they have not been among the rich countries. 
 of course, the development of scientific research needs a solid enterprise environment (such as South Korea), which usually requires government funding. Moreno said that 40% of the enterprises in Latin America and 50% of the labor force were not part of the formal economy. Therefore, even if the enterprise environment is strong and the government subsidy is in place, it will not help. 
 infrastructure is another bottleneck. The lack of investment in spanportation networks is a problem left by Latin American countries during the past financial crisis, and has become an obstacle to the spanportation of goods and the flow of people between countries. According to Moreno, the "a href=" //www.sjfzxm.com/news/ "trade" in the Asian region accounts for 50% of the total trade volume, which is as high as 70% in Europe, while only 18% in Latin America. 
 this is both an opportunity and a challenge. If Latin American countries can replicate China's brilliant success in large-scale construction of expressways and high-speed railways and build ports and airports, this will become a huge growth bonus. 
 Moreno predicts that the economic growth rate of Latin American countries this year will be 3%, lower than the growth rate of 4.5%-5% in the following years after 2008. China launched a large-scale domestic demand expansion plan in 2008, which stimulated the upsurge of infrastructure and real estate construction, and imported Chile's copper, Brazil's iron ore and Argentina soybeans. 
 but Moreno says Latin America is not always facing bad news. First of all, the negative effects brought about by the slowdown in the growth rate of < a href= "//www.sjfzxm.com/" > China's economy < /a > are not balanced. The South American countries such as Brazil are the most affected, while Mexico and other Central American countries are less affected. 
 secondly, the debt level of Latin American countries accounts for a relatively low proportion of gross domestic product, and the financial situation is healthy, so that governments can have room for investment. 
Besides, P also has enough power to change the mode of economic growth and provide more and better public services for the new middle class. 
 Moreno states that Latin American countries will have to rely more on themselves because of the less easily obtained benefits from "a href=" //www.sjfzxm.com/ "China trade < /a >.