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

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Drawing a parallel with post-World War Latin America, which had very little manufacturing but began industrialising as Britain — then the global manufacturing powerhouse — weakened, RICHARD BALDWIN, Professor of International Economics at IMD Business School, said in an interview with RAVI DUTTA MISHRA that middle powers like India could similarly secure a foothold in global supply chains amid the ongoing US-China trade war. Baldwin suggested that India should, on the one hand, use WTO compliant measures to curb dumping of Chinese goods into its borders — an inevitable consequence of the trade war — and, on the other, pursue...