TAIPEI (FINANCIAL TIMES) - Earlier this year, four dozen lawyers, accountants and bankers from all over Latin America piled into a conference room in an office tower on Miami Waterfront. They listened, spellbound, as Mr Nicholas Chen, an energetic lawyer who had come all the way from Taiwan, told them about an exodus of manufacturing from China that could make them rich.

"The tsunami waters are flowing outward now," Mr Chen said to the audience.