Tuesday, April 29, 2025

India could have its ‘Latin America moment’ amid ongoing US–China trade war, says Richard Baldwin

 ​In the article "India could have its ‘Latin America moment’ amid ongoing US–China trade war" from The Indian Express, economist Richard Baldwin draws a historical parallel between Latin America's post-World War II industrialization and India's current economic opportunity. He suggests that, much like Latin America capitalized on Britain's declining manufacturing dominance, India can now leverage the US–China trade tensions to integrate more deeply into global supply chains.

Baldwin recommends that India adopt World Trade Organization-compliant measures to prevent the dumping of Chinese goods, a potential consequence of the trade war. Simultaneously, he emphasizes the importance of India pursuing additional trade agreements, noting that while the US accounts for only 15% of global imports, the remaining 85% presents significant opportunities for Indian exports. By strategically navigating these dynamics, India could enhance its role in global trade and manufacturing.

https://indianexpress.com/article/business/india-latin-america-moment-us-china-trade-war-richard-baldwin-9967557/

1 comment:

Jason Quartson Jr. said...

You summed it up really well. I think Baldwin makes a solid point that India has a real chance to step up in global trade as tensions between the U.S. and China continue. His comparison to Latin America’s post-WWII moment is spot on in my opinion. I also agree that using WTO compliant measures to protect against cheap imports while expanding trade beyond just the U.S. could really help India grow its manufacturing base.