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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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PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 16 May 2022

Latin America’s Pivot toward Asia

Latin America’s Pivot toward Asia

(p.229) 7 Latin America’s Pivot toward Asia

Carol Wise

Yale University Press

This concluding chapter summarizes the book’s conceptual framework with regard to China’s economic integration with select LAC countries since 2000. The author disputes realist interpretations of China’s rise in Latin America as a security threat to US hegemony and argues that China needed to internationalize its development strategy to compensate for its natural resource deficit. China’s ten LAC strategic partners now represent the majority of trade, loans, and FDI outflows from China to Latin America, and China is now the second-most-important trade partner for the region after the US. This relationship is contributing to the development of select LAC countries in order to propel China’s own growth and development. The author then moves to the political economy scenarios that have evolved within those LAC countries that have the strongest trade links and FDI inflows from China, in order to dispute the critique of neo-dependency scholars before offering the main takeaways.

Keywords:   Trans-Pacific Partnership (TPP), Regional Comprehensive Economic Partnership (RCEP), US-China trade war, Economic performance, Institutional erosion, Trump Administration, Trade deficit

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