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This volume explores the policy dynamics, economic commitments and social impacts of the fast evolving Sino-LAC relations. China’s engagement with Latin America and the Caribbean has entered into an era of strategic transition. While China is committed to strengthening its economic and political ties with Latin America and the Caribbean, Latin America as a bloc is enthusiastically echoing China’s endeavor by diverting their focus toward the other side of the ocean. The transitional aspect of China-LAC ties is phenomenal, and is manifested not only in the accelerating momentum of trade, investment, and loan but also in the China-CELAC Forum mechanism that maps out an institutional framework for decades beyond. While Latin America is redefined as an emerging priority to the leadership in Beijing, what are the responses from Latin America and the United States? In this sense, experts from four continents provide local answers to this global question.
This book conceptualizes the economic relations between China and Latin America in different national cases from the perspectives of international political economy–based structuralism theory, the core-periphery model and the world system theory. It contributes to the interpretation of the consequences of the interaction between China’s successful modernization and Latin America’s failed development model.
The economic successes of China and India are viewed with admiration but also with concern because of the effects that the growth of these Asian economies may have on the Latin American and Caribbean (LAC) region. The evidence in 'China's and India's Challenge to Latin America' indicates that certain manufacturing and service industries in some countries have been negatively affected by Chinese and Indian competition in third markets and that LAC imports from China and India have been associated with modest unemployment and adjustment costs in manufacturing industries. The book also provides substantial evidence of positive aggregate effects for LAC economies associated with China's and India's greater presence in world exports, financial flows, and innovation. Chinese and Indian growth is creating new production possibilities for LAC economies, particularly in sectors that rely on natural resources and scientific knowledge.
The book explores the ways in which Latin American states are capitalizing or failing to capitalize on the initiatives of China in world affairs. The authors hypothesize that a dearth of regional agency and social construction, and a consequent institutional deficit in foreign relations, characterizes Latin America and its inadequate reaction to Chinese agency. The volume includes multiple case studies from eight Latin American countries and discusses the Asian Infrastructure Investment Bank’s initiatives and policies. The book will interest scholars, researchers, policy-makers, foreign policy analysts, and graduate students in Latin American and Asian politics as well as development studies and political economy.
The last quarter of the twentieth century was a period of economic crises, increasing indebtedness as well as financial instability for Latin America and most other developing countries; in contrast, China showed amazingly high growth rates during this time and has since become the third largest economy in the world. Based on several case studies, this volume assesses how China's rise - one of the most important recent changes in the global economy - is affecting Latin America's national politics, political economy and regional and international relations. Several Latin American countries benefit from China's economic growth, and China's new role in international politics has been helpful to many leftist governments' efforts in Latin America to end the Washington Consensus. The contributors to this thought provoking volume examine these and the other causes, effects and prospects of Latin America's experiences with China's global expansion from a South - South perspective.
The Latin American Economic Outlook 2019: Development in Transition (LEO 2019) presents a fresh analytical approach in the region. It assesses four development traps relating to productivity, social vulnerability, institutions and the environment.
This book explores China’s engagement with Latin America and the Caribbean as a case study of its broader effort to use commercial tools and instruments of state to create a global economic order that functions to its benefit, while neutralizing challenges from institutions, states, and others that would oppose it. Unlike the common representation of the Cold War as a political-military struggle, this work uniquely examines China’s current efforts as primarily seeking to dominate global value chains, with supporting political, technological, and military components. In this regard, it both leverages and goes beyond works based on dependency theory, which has played a key role in the academic and popular discourse in the region. The book examines evidence for China’s economically-focused strategy within Latin America and the Caribbean, including the interrelationships and coordination between China’s activities in different sectors, and between commercial, political, and other dimensions in the region. It further looks at the supporting role played by a diverse range of Chinese initiatives, from China’s Belt and Road initiative, to people-to-people diplomacy, soft power, security engagement, and the PRC struggle with Taiwan for diplomatic recognition in the region, among others. The book highlights the implications for Latin America and the Caribbean, and for the U.S. whose prosperity and security is intimately tied to the region.
This is the first English book on the economic relations between China and Latin America written by Chinese scholars. The authors are all from the Institute of Latin American Studies, Chinese Academy of Social Sciences — China’s premier think tank. By combining empirical techniques and political-economic analysis, it investigates the history of and the outlook for China-Latin America relations. It offers readers insights into the Chinese perspective and an evaluation of the development of the relations between the two parties.
Since the early 1980s Latin America has seen a definitive shift toward civilian rule. Significant trade, fiscal and monetary reforms have accompanied these changes, exposing previously statist economies to the forces of the market. Despite the conventional notion that liberal economic reforms sprang out of necessity, as opposed to an enlightened set of policy choices, the combination of civilian regimes and market-based strategies has proved to be resilient. Economic and political hardships remain, including a debt default in Argentina and an attempted coup in Venezuela; however, the defining themes of open market and liberal politics still dominate in the region.
Over the past few years, something remarkable has occurred in Latin America. For the first time since the Sandinista Revolution in Nicaragua in the 1980s, people within the region have turned toward radical left governments - specifically in Venezuela, Bolivia, and Ecuador. Why has this profound shift taken place and how does this new, so-called Twenty-First-Century Socialism actually manifest itself? What are we to make of the often fraught relationship between the social movements and governments in these countries and do, in fact, the latter even qualify as 'socialist' in reality? These are the bold and critical questions that Latin America's Turbulent Transitions explores. The authors provocatively argue that although US hegemony in the region is on the wane, the traditional socialist project is also declining and something new is emerging. Going beyond simple conceptions of 'the left', the book reveals the true underpinnings of this powerful, transformative, and yet also complicated and contradictory process.