Sergei V. Frolov

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 o...

To finance modernization strategies, Latin American countries need to take advantage of the demand for commodities stimulated by Asian countries. Promote increased competitiveness and productivity through strengthened industrial policy and development, diversification of exports and production, and participation in global value chains to move towards higher value-added activities.