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DragonomicsHow Latin America Is Maximizing (or Missing Out on) China's International Development Strategy$
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Carol Wise

Print publication date: 2020

Print ISBN-13: 9780300224092

Published to Yale Scholarship Online: September 2020

DOI: 10.12987/yale/9780300224092.001.0001

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Debating the New Terrain

(p.1) Introduction

Carol Wise

Yale University Press

This chapter introduces the rise of China in Latin America and the Caribbean (LAC). The author analyzes existing debates around the China-LAC relationship and offers three main points: (1) China will continue to be a mainstay in LAC’s political economy, (2) its presence does not threaten US hegemony in the region, and (3) dependency theory, while a useful method of analysis, fails to account for the role of domestic institutions in diverging economic outcomes between Latin American countries following the China boom. The author argues that the incorporation of Latin America into China’s international development strategy is a critical juncture that highlights the importance of domestic institutions, leadership, and sound policymaking on economic outcomes—and that it is up to Latin American policymakers to take advantage, and minimize the risks, of the trade and investment opportunities offered by China.

Keywords:   China, Latin America, International development strategy, Hegemony, Dependency theory, Institutions

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