The China Triangle

Latin America's China Boom and the Fate of the Washington Consensus

Author: Kevin P. Gallagher

Publisher: Oxford University Press

ISBN: 0190246731

Category: China

Page: 256

View: 8816

"Latin America rode the coattails of what may be seen as the most significant event of the 21 Century--the rise of China. As China grew from a poverty-stricken nation to the largest economy in the world, many Latin Americans boomed. Latin American countries sent iron ore to be forged into steel for China new cities; copper to lace China's boom electronics industry with wire; petroleum to fuel hundreds of millions of new cars. Indeed, from 2003 to 2013 Latin America experienced a China boom. Beginning in 2014 however, the boom began to fade, with China's economy slowing in general and shifting toward a consumer-based economy less dependent on natural resource imports. Latin America was caught over-exposed to China, and had saved very little of its China windfall to prepare for the future. The region now faces slow growth, and increasing social and environmental conflict. Drawing on ten years of research and traveling along the China-Latin America economic relationship, Gallagher tracks how the rise of China impacted Latin America, how Latin America squandered much of the benefits gained during its China boom, and how Latin Americans can better position themselves to turn growing Asian trade into prosperity"--
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The China Triangle

Latin America's China Boom and the Fate of the Washington Consensus

Author: Kevin P. Gallagher

Publisher: Oxford University Press

ISBN: 0190246758

Category: Political Science

Page: 240

View: 3450

Since 1980, China has evolved from a poor and mostly rural society into one of the largest economies in the world. As it grew into a major industrial power, it demanded enormous amounts of steel for new factories and cities, copper for electronic wires, petroleum for cars and manufacturing plants, and soybeans and cattle to feed its workers. By the 1990s, many Latin American countries were riding China's coattails and beginning to prosper from the new demand. Ever since China entered the World Trade Organization at the turn of the century, Latin America supplied China with more and more of the primary commodities it needs and more. That in turn has produced one the most impressive periods of economic growth on the continent in fifty years. And it was more evenly spread too - a region infamous for its extreme inequality saw it decline by a couple of percentage points over the course of the era. In The China Triangle, Kevin P. Gallagher traces the development of the China-Latin America trade over time and covers how it has affected the centuries-old (and highly unequal) US-Latin American relationship. He argues that despite these opportunities Latin American nations have little to show for riding the coattails of the 'China Boom' and now face significant challenges in the next decades as China's economy slows down and shifts more toward consumption and services. While the Latin American region saw significant economic growth due to China's rise over the past decades, Latin Americans saved very little of the windfall profits it earned even as the region saw a significant hollowing of its industrial base. What is more, commodity-led growth during the China boom reignited social and environmental conflicts across the region. Scholars and reporters have covered the Chinese expansion into East Asia, Southeast Asia, Australasia, Africa, the US, and Europe. Yet China's penetration Latin America is as little understood as it is significant-especially for America given its longstanding ties to the region. Gallagher provides a clear overview of China's growing economic ties with Latin America and points to ways that Latin American nations, China, and even the United States can act in order to make the next decades of China-Latin America economic activity more prosperous for all involved.
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The China Triangle

Latin America's China Boom and the Fate of the Washington Consensus

Author: Kevin P. Gallagher

Publisher: Oxford University Press

ISBN: 019024674X

Category: Political Science

Page: 240

View: 3150

Since 1980, China has evolved from a poor and mostly rural society into one of the largest economies in the world. As it grew into a major industrial power, it demanded enormous amounts of steel for new factories and cities, copper for electronic wires, petroleum for cars and manufacturing plants, and soybeans and cattle to feed its workers. By the 1990s, many Latin American countries were riding China's coattails and beginning to prosper from the new demand. Ever since China entered the World Trade Organization at the turn of the century, Latin America supplied China with more and more of the primary commodities it needs and more. That in turn has produced one the most impressive periods of economic growth on the continent in fifty years. And it was more evenly spread too - a region infamous for its extreme inequality saw it decline by a couple of percentage points over the course of the era. In The China Triangle, Kevin P. Gallagher traces the development of the China-Latin America trade over time and covers how it has affected the centuries-old (and highly unequal) US-Latin American relationship. He argues that despite these opportunities Latin American nations have little to show for riding the coattails of the 'China Boom' and now face significant challenges in the next decades as China's economy slows down and shifts more toward consumption and services. While the Latin American region saw significant economic growth due to China's rise over the past decades, Latin Americans saved very little of the windfall profits it earned even as the region saw a significant hollowing of its industrial base. What is more, commodity-led growth during the China boom reignited social and environmental conflicts across the region. Scholars and reporters have covered the Chinese expansion into East Asia, Southeast Asia, Australasia, Africa, the US, and Europe. Yet China's penetration Latin America is as little understood as it is significant-especially for America given its longstanding ties to the region. Gallagher provides a clear overview of China's growing economic ties with Latin America and points to ways that Latin American nations, China, and even the United States can act in order to make the next decades of China-Latin America economic activity more prosperous for all involved.
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China and Sustainable Development in Latin America

The Social and Environmental Dimension

Author: Rebecca Ray,Kevin Gallagher,Andres López,Cynthia Sanborn

Publisher: Anthem Press

ISBN: 1783086157

Category: BUSINESS & ECONOMICS

Page: 382

View: 6620

During Latin America’s China-led commodity boom, governments turned a blind eye to the inherent flaws in the region’s economic policy. Now that the commodity boom is coming to an end, those flaws cannot be ignored. High on the list of shortcomings is the fact that Latin American governments—and Chinese investors—largely fell short of mitigating the social and environmental impacts of commodity-led growth. The recent commodity boom exacerbated pressure on the region’s waterways and forests, accentuating threats to human health, biodiversity, global climate change and local livelihoods. China and Sustainable Development in Latin America documents the social and environmental impact of the China-led commodity boom in the region. It also highlights important areas of innovation, like Chile’s solar energy sector, in which governments, communities and investors worked together to harness the commodity boom for the benefit of the people and the planet.
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China's Expansion into the Western Hemisphere

Implications for Latin America and the United States

Author: Riordan Roett,Guadalupe Paz

Publisher: Brookings Institution Press

ISBN: 9780815775546

Category: Political Science

Page: 276

View: 3949

With President Hu Jintao's November 2004 visit to Latin America, China signaled to the rest of the world its growing interest in the region. Many observers welcome this development, highlighting the benefits of increased trade and investment, as well as diplomatic cooperation, for both sides. But other analysts have raised concerns about the relationship's impact on Latin American competitiveness and its implications for U.S. influence in Washington's traditional backyard. In C hina's Expansion into the Western Hemisphere, experts from Latin America, China, and the United States, as well as Europe, analyze the history of this triangular relationship and the motivations of each of the major players. Several chapters focus on China's growing economic ties to the region, including Latin America's role in China's search for energy resources worldwide. Other essays highlight the geopolitical implications of Chinese hemispheric policy and set recent developments in the broader context of China's role in the developing world. Together, they provide an absorbing look at a particularly sensitive aspect of China's emergence as a world power. Contributors include Christopher Alden (London School of Economics), Robert Devlin (ECLAC), Francisco González (Johns Hopkins–SAIS), Monica Hirst (Torcuato Di Tella University), Josh Kurlantzick (Carnegie Endowment for International Peace), Xiang Lanxin (Graduate Institute of International Studies, Geneva), Luisa Palacios (Barclays), Jiang Shixue (Chinese Academy of Social Sciences), Barbara Stallings (Brown University), Juan Tokatlián (San Andrés University), and Zheng Kai (Fudan University).
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China in Latin America

the whats and wherefores

Author: Robert Evan Ellis

Publisher: Lynne Rienner Pub

ISBN: N.A

Category: Business & Economics

Page: 329

View: 1808

With China on the minds of many in Latin Americażfrom politicians and union leaders to people on the street, from business students to senior bankersża number of important questions arise. Why, for example, is China so rapidly expanding its ties with the region? What is the nature of the new connection, and how will it affect institutions, economic structures, politics, and society? R. Evan Ellis provides a comprehensive look at the character and impact of the developing PRCżLatin America relationship.Ellis examines how the relationship has taken on distinct characteristics in various subregions, considering the role of supplier-and-market countries such as Argentina and Brazil, Chinażs cautious dance with populism as it seeks access to Andean oil, and the dominance of the Taiwan issue in Chinażs dealings with Central American and the Caribbean. He also addresses the unique case of Cuba. Not least, his work sheds light on the implications of the ChinażLatin America relationship for conventional wisdom regarding globalization, development, and the links between economics and politics.
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The Dragon in the Room

China and the Future of Latin American Industrialization

Author: Kevin Gallagher,Roberto Porzecanski

Publisher: Stanford University Press

ISBN: 0804771871

Category: Political Science

Page: 182

View: 7426

This book shows that China's rise may jeopardize the future of Latin American industrialization.
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Latin America and the Asian Giants

Evolving Ties with China and India

Author: Riordan Roett,Guadalupe Paz

Publisher: Brookings Institution Press

ISBN: 081572697X

Category: Political Science

Page: 336

View: 2528

How an evolving relationship with China and India is changing Latin America's political and economic dynamics. In the years since China has adopted a "going global" strategy to promote its overseas investment, expand export markets, and gain much-needed access to natural resources abroad, Sino–Latin American relations have both deepened and broadened at an unexpectedly rapid pace. The main driver behind this sea change in bilateral relations has been economic complementarity, with resource-rich countries in Latin America exporting primary goods to the Asian giants' growing market and China exporting manufactured goods back into the region. In recent years, Sino–Latin American relations have matured considerably, becoming far more nuanced and multifaceted than ever before. India is a relatively new player in the region, but has slowly strengthened its ties. As one of Asia's largest markets, it offers interesting parallels to the Chinese case. Will Indo–Latin American ties follow a similar path? The main areas of growth include trade and investment, mining, energy, information technology, motor vehicle production, and pharmaceuticals. To what extent these changing dynamics will redefine Latin America's relations with India is a question of increasing relevance for policymakers. This volume offers a review of key cross-regional trends and critical policy issues involving the changing relationship between these two Asian giants and Latin America. Selected country case studies—Argentina, Brazil, Chile, and Mexico—provide a more in-depth analysisof the implications of China's and India's evolving interaction with the region.
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China, The United States, and the Future of Latin America

U.S.-China Relations

Author: David B.H. Denoon

Publisher: NYU Press

ISBN: 1479890332

Category: Political Science

Page: 432

View: 4359

Provides insight into U.S. and Chinese involvement in aid, trade, direct investment and strategic ties in Latin America In recent years, China has become the largest trading partner for more than half the countries in Latin America, and demonstrated major commitments in aid and direct investment in various parts of the region. China has also made a number of strategic commitments to countries like Nicaragua, Cuba, and Venezuela which have long-standing policies opposing U.S. influence in the region. China, the United States, and the Future of Latin America posits that this activity is a direct challenge to the role of the U.S. in Latin America and the Caribbean. Part of a three-volume series analyzing U.S.-China relations in parts of the world where neither country is dominant, this volume analyzes the interactions between the U.S., China, and Latin America. The book series has so far considered the differences in operating styles between China and the U.S. in Central Asia and Southeast Asia. This third volume unpacks the implications of competing U.S. and Chinese interests in countries such as Brazil and Argentina, and China’s commitments in Nicaragua and Venezuela. This volume draws upon a variety of policy experts, focusing on the viewpoints of South American and Caribbean scholars as well as scholars from outside states. China’s new global reach and its ambitions, as well as the U.S. response, are analyzed in detail.A nuanced examination of current complexities and future implications, China, the United States and the Future of Latin America provides readers with varied perspectives on the changing economic and strategic picture in Latin America and the Caribbean.
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APEC and the Construction of Pacific Rim Regionalism

Author: John Ravenhill

Publisher: Cambridge University Press

ISBN: 9780521667975

Category: Business & Economics

Page: 294

View: 4677

Examines APEC's establishment, the paths it has followed, and the causes of its failures.
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The Political Economy of China–Latin America Relations in the New Millennium

Brave New World

Author: Margaret Myers,Carol Wise

Publisher: Routledge

ISBN: 1317214072

Category: Political Science

Page: 300

View: 3726

In this book, China-Latin America relations experts Margaret Myers and Carol Wise examine the political and economic forces that have underpinned Chinese engagement in the region, as well as the ways in which these forces have shaped economic sectors and policy-making in Latin America. The contributors begin with a review of developments in cross-Pacific statecraft, including the role of private, state-level, sub-national, and extra-regional actors that have influenced China-Latin America engagement in recent years. Part two of the book examines the variety of Latin American development trajectories borne of China’s growing global presence. Contributors analyse the effects of Chinese engagement on specific economic sectors, clusters (the LAC emerging economies), and sub-regions (Central America, the Southern Cone of South America, and the Andean region). Individual case studies draw out these themes. This volume is a welcome addition to the growing body of literature on China-Latin America relations. It illuminates the complex interplay between economics and politics that has characterized China’s relations with the region as a second decade of enhanced economic engagement draws to a close. This volume is an indispensable read for students, scholars and policy makers wishing to gain new insights into the political economy of China-Latin America relations.
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The China Boom

Why China Will Not Rule the World

Author: Ho-fung Hung

Publisher: Columbia University Press

ISBN: 0231540221

Category: Political Science

Page: 256

View: 4628

Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung details the competing interests and economic realities that temper the dream of Chinese supremacy—forces that are stymieing growth throughout the global South. Hung focuses on four common misconceptions: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Hung ultimately warns of a postmiracle China that will grow increasingly assertive in attitude while remaining constrained in capability.
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China Engages Latin America

Tracing the Trajectory

Author: Adrian H. Hearn

Publisher: Lynne Rienner Pub

ISBN: 9781588267672

Category: Political Science

Page: 325

View: 7513

While the world is preoccupied with the Middle East, what inroads is China making into Latin America? In China Engages Latin America, experts from three continents provide local answers to this global question.
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The Third Century

U.S.–Latin American Relations since 1889

Author: Mark T. Gilderhus,David C. LaFevor,Michael J. LaRosa

Publisher: Rowman & Littlefield

ISBN: 1442257172

Category: History

Page: 336

View: 4666

This text focuses on U.S. relations with Latin America from the advent of the New Diplomacy late in the nineteenth century to the present. Providing a balanced perspective, it presents both the United States’ view that the Western Hemisphere needed to unite under a common democratic, capitalistic society and the Latin American countries’ response to U.S. attempts to impose these goals on its southern neighbors. The authors examine the reciprocal interactions between the two regions, each with distinctive purposes, outlooks, interests, and cultures. They also place U.S.–Latin American relations within the larger global political and economic context.
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Cocaina

A Book on Those Who Make It

Author: Magnus Linton

Publisher: Soft Skull Press

ISBN: 161902392X

Category: Social Science

Page: 256

View: 1663

When Pablo Escobar, Colombia's “King of Cocaine,” was killed, the world thought—or hoped—the cocaine industry would crumble. But ten years later the country's production had almost quadrupled, and since 2001, Colombia has produced more than 60% of all the cocaine consumed in the world. Cocaine is both a curse and a salvation for Colombians. Farmers grow coca for cash but fear discovery. Families must cooperate with drug-funded guerrillas or go on the run. Destitute teens become trained killers for a quick buck in a ruthless underworld where few survive for long. At the same time, tension grows between Colombia's right-wing government and its socialist neighbors in Latin America. With the failed US War on Drugs playing into this geopolitical brew, the future of cocaine is about more than what happens to street dealers and their customers. Based on three years of research and more than 100 interviews with growers, traffickers, assassins, refugees, police, politicians, and drug tourists, Cocaína is a brilliant work of journalism, and an insight into one of the world's most troubling industries.
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The Specter of Global China

Politics, Labor, and Foreign Investment in Africa

Author: Ching Kwan Lee

Publisher: University of Chicago Press

ISBN: 022634097X

Category: Social Science

Page: 256

View: 2791

China has recently emerged as one of Africa’s top business partners, aggressively pursuing its raw materials and establishing a mighty presence in the continent’s booming construction market. Among major foreign investors in Africa, China has stirred the most fear, hope, and controversy. For many, the specter of a Chinese neocolonial scramble is looming, while for others China is Africa’s best chance at economic renewal. Yet, global debates about China in Africa have been based more on rhetoric than on empirical evidence. Ching Kwan Lee’s The Specter of Global China is the first comparative ethnographic study that addresses the critical question: Is Chinese capital a different kind of capital? Offering the clearest look yet at China’s state-driven investment in Africa, this book is rooted in six years of extensive fieldwork in copper mines and construction sites in Zambia, Africa’s copper giant. Lee shadowed Chinese, Indian, and South African managers in underground mines, interviewed Zambian miners and construction workers, and worked with Zambian officials. Distinguishing carefully between Chinese state capital and global private capital in terms of their business objectives, labor practices, managerial ethos, and political engagement with the Zambian state and society, she concludes that Chinese state investment presents unique potential and perils for African development. The Specter of Global China will be a must-read for anyone interested in the future of China, Africa, and capitalism worldwide.
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Tales from the Development Frontier

How China and Other Countries Harness Light Manufacturing to Create Jobs and Prosperity

Author: Hinh T. Dinh,Thomas G. Rawski,Ali Zafar,Lihong Wang,Eleonora Mavroeidi

Publisher: World Bank Publications

ISBN: 0821399896

Category: Business & Economics

Page: 552

View: 941

Tales from the Development Frontier presents analytical reviews and case studies that show how selected countries have developed light manufacturing to create jobs and foster prosperity. The focus is on China, a current powerhouse in light manufacturing, but the volume also analyzes a selection of countries in Africa and Asia.
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Asia's Reckoning

China, Japan, and the Fate of U.S. Power in the Pacific Century

Author: Richard McGregor

Publisher: Penguin

ISBN: 0399562672

Category: History

Page: 396

View: 785

China, red or green -- Countering Japan -- Five ragged islands -- The golden years -- Japan says no -- Asian values -- Apologies and their discontents -- Yasukuni respects -- History's cauldron -- The Ampo mafia -- The rise and retreat of great powers -- China lays down the law -- Nationalization -- Creation myths -- Freezing point -- Afterword
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Pacific Currents

The Responses of U.S. Allies and Security Partners in East Asia to China's Rise

Author: Evan S. Medeiros

Publisher: Rand Corporation

ISBN: 0833044648

Category: Political Science

Page: 279

View: 3105

China1s importance in the Asia-Pacific has been on the rise, raising concerns about competition the United States. The authors examined the reactions of six U.S. allies and partners to China1s rise. All six see China as an economic opportunity. They want it to be engaged productively in regional affairs, but without becoming dominant. They want the United States to remain deeply engaged in the region.
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China Dream: Still Coming True?

Author: A cura di Alessia Amighini

Publisher: Edizioni Epoké

ISBN: 8899647194

Category: Political Science

Page: 124

View: 5379

At a time when the economic transition in China is casting shadows on the weak world recovery, and the country is further increasing military spending at double-digit rates, it is key to assess how far President Xi has gone in fulfilling the “China Dream” of ascendance to cultural, economic and military power. Even more important is to try to figure out what the substance of the “China Dream” is likely to be in the near future. The current risk is that the Chinese people and the Chinese government are dreaming different dreams, and that Xi’s “China Dream” might be more a dream for the country and much less so for the people. China has recently reached a series of symbolic milestones: the Yuan’s inclusion in the IMF’s SDR basket; the new China-led Asian Infrastructure Investment Bank (AIIB); the market economy status by a number of countries. The 2016 Chinese G20 Presidency will provide a timely occasion for China to better define its role in global economic governance. However, progress on reforms is lagging behind expectations and international tensions are on the rise. This volume explores the viability of the China Dream and analyzes its major challenges.
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