Published: Sep 14, 2010 3:22 PM EDT
Updated: Sep 14, 2010 12:22 PM EDT

MIAMI (AP) - Commodity wealth, long considered a trap to promoting sustainable growth in Latin America and the Caribbean, could be the foundation for future prosperity.

That is the conclusion of a new World Bank study presented Monday in Miami.

Examining the recent growth in commodity exports and the shift in destination markets, the World Bank report states that the increased demand from countries like China could serve as a key driver of regional economic expansion - if the current windfall is properly managed and invested.

The report was presented on the eve of the Americas Conference, an annual event convening leading policy makers from Latin America and the Caribbean.