China's New Economic Strategy in Latin America

Book Chapter
DOI: 10.31483/r-109670
Open Access
Monograph «Vectors of socio-economic development in Russia. Modern challenges and opportunities»
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Published in:
Monograph «Vectors of socio-economic development in Russia. Modern challenges and opportunities»
Authors:
Dmitrij N. Ermakov 1 , Rustam M. Shubenok 1 , Andrei A. Tkachenko 1 , Dmitrii I. Mameko 1 , Sergei V. Frolov 1 , Maksim D. Khromov 1
Work direction:
Глава 10
Pages:
150-159
Received: 31 December 2023

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849
Published in:
РИНЦ
1 Tsentr mirovoi politiki i strategicheskogo analiza FGBUN "Institut Kitaia i sovremennoi Azii RAN"
For citation:
Basueva S. N., Deberdieva N. P., Minakov A. V., Ivanova L. N., Sausheva O. S., Shmidt I. I., Zhuplei I. V., Zadvorneva E. P., Zaitseva E. V., Sal'nikova N. A., Kruglov V. N., Shaimieva E. S., Gumerova G. I., Barilo L. V., Kugai A. I., Ermakov D. N., Shubenok R. M., Tkachenko A. A., Mameko D. I., Frolov S. V., Khromov M. D., Kugai A. I., Goriunova S. A., & Mkrtumova I. V. (2024). Vectors of socio-economic development in Russia. Modern challenges and opportunities, 180. Чебоксары: PH "Sreda". https://doi.org/10.31483/a-10564

Abstract

At the beginning of the 21st century, China adopted a strategy of “going global”. In the first decade of the 21st century, much has been written about the growing international presence of the People's Republic of China, especially in developing regions such as Southeast Asia, Africa and Latin America. China-Latin America relations have deepened significantly in recent years so much, that the first decade of the 21st century can be called the “Chinese decade of Latin America.” However, as predicted at the very beginning, Latin America's trade relations with China are characterized by exports of primary goods from the region and imports of manufactured goods from China. The commodity boom driven by China undoubtedly helped the region weather the global financial crisis that broke out in 2008/2009. Latin American politicians are increasingly concerned about the imbalance of their trade schemes, especially as the Asian giant is going through an economic decline, commodity prices tend to decrease.

References

  1. 1. Victor Bulmer-Thomas. The Economic History of Latin America since Independence. Cambridge University Press, 2014.
  2. 2. Luis Bertola and Jose Antonio Ocampo. The Economic Development of Latin America since Independence. Oxford University Press, 2012.
  3. 3. The organization changed its name to the Economic Commission for Latin America and the Caribbean (ECLAC) in 1984.
  4. 4. Arturo Sarukhan, comment in "Will Mercosur and the Pacific Alliance Strengthen Ties?" Inter-American Dialogue, Latin America Advisor, October 2, 2014, p. 4.
  5. 5. Huma Siddiqui, "India, LAC Countries Can Together Become a Formidable Global Economic Force" In Focus, August 18, 2014 (Government of India, Ministry of External Affairs).
  6. 6. Government of India, Department of Commerce and Industry, Export Import Data Bank, Exports and Imports for Latin America (including Mexico) [Electronic resource]. – Access mode: http://commerce.nic.in/eidb/
  7. 7. Jahangir Aziz, comment in "What Is Driving Latin America-India Energy Relations?" Inter-American Dialogue, Latin America Advisor-Energy Advisor, October 14–18, 2013, p. 3.
  8. 8. Mauricio Mesquita Moreira, "India: Latin America’s Next Big Thing?" Latin Trade, July 29, 2010 [Electronic resource]. – Access mode: http://latintrade.com/india-latin-americas-next-big-thing/

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