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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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A Slow Thaw across the Pacific: From Socialist Revolution to Pragmatic Reform

A Slow Thaw across the Pacific: From Socialist Revolution to Pragmatic Reform

(p.62) 2 A Slow Thaw across the Pacific: From Socialist Revolution to Pragmatic Reform

Carol Wise

Yale University Press

This chapter provides a historical overview of the evolution of China-LAC relations from that of third world peers with distinct political and economic interactions in the postwar years to a takeoff in economic ties at the turn of millennium. It focuses on five of the six strategic partners with which China had the strongest bonds: Argentina, Brazil, Chile, Mexico, and Peru, excluding Costa Rica because it did not recognize China diplomatically until 2007. The author argues that although China’s rapid ability to become such a significant force within the economies of these countries is due to the sudden boom in commodity prices around 2003, the ties formed were largely an extension and exaggeration of much earlier trends. Thus, the sheer magnitude of the expansion in China–LAC economic relations in the 2000s may have caught policymakers and producers off guard, but the relationship itself was already under way and fairly well defined.

Keywords:   Third world solidarity, Non-Aligned Movement, Great Leap Forward, Cultural Revolution, One-China Policy, Balance-of-payments crisis, Chinese Communist Party (CCP), Cuban Revolution, United Nations

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