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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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An Institutional Resource Curse in Argentina and Brazil

An Institutional Resource Curse in Argentina and Brazil

(p.153) 5 An Institutional Resource Curse in Argentina and Brazil

Carol Wise

Yale University Press

This chapter details the incorporation of Argentina and Brazil into China’s internationalized development strategy as its demand for natural resources skyrocketed. In doing so, it considers the effects of institutional weakness and natural resource abundance on economic performance and the ways effective institutions deteriorate during a commodity boom. It proceeds in three sections: the first analyzing the rise of China in Argentina and Brazil post-2000, the second reviewing the developmentalist model both countries implemented during that time, and the third analyzing the resulting institutional erosion.

Keywords:   Strategic Partner (SP), China Boom, Foreign Direct Investment (FDI), BNDES, Resource Curse, Developmentalism, Corruption, Institutions, Kirchnerismo, Luiz Inacio Lula da Silva (Lula)

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