Sino-Latin American Economic Relations

By He Li | Go to book overview

9
Prospects for Future Economic Relations

As can be seen from the preceding chapters, politics has been a powerful agent in the growth and change of Sino-Latin American relations. In the future, however, underlying economic factors will exert greater influence on the Sino-Latin American connection. This has already become a clear trend. China's relations with most countries in the region are already normalized, and its international relations are increasingly conducted pragmatically. The emerging Sino-Latin American economic relationship will therefore depend more on the structural characteristics of the Chinese and Latin American economies. China's position today is favorable as far as Latin America is concerned. Relations created by past and more recent Chinese immigrants as well as by recent economic ties constitute an excellent basis for close cooperation. China has maintained friendly relations with the Latin American countries, and no tense situation is anticipated. In addition, Chinese positions in international politics lead to no conflicts of interests with Latin America. Notwithstanding its increasing level of involvement in Latin America, and its growing importance in the global strategic balance and world economy, China will remain a regional Asian power; its influence in Latin America will be limited over the next few decades. The most likely scenario is that if China persists in its open-door and reform policy and succeeds, it will become an important trading partner for Latin America within the next two or three decades.

In spite of restraints mentioned in Chapter 8, there is apparently great potential for closer economic ties between China and Latin America. The first section of this chapter compares the salient macroeconomic characteristics of China and Latin America. The second one explores the

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Sino-Latin American Economic Relations
Table of contents

Table of contents

  • Title Page iii
  • Contents v
  • Tables and Figures vii
  • Abbreviations ix
  • Acknowledgments xi
  • 1 - Introduction 1
  • Notes 8
  • 2 - Early Development of Sino-Latin American Economic Relations: 1949-1958 10
  • Notes 17
  • 3 - The Years after the Cuban Revolution: 1959-1969 20
  • Notes 32
  • 4 - The Period of Normalization of Relations: 1970-1977 34
  • Notes 49
  • 5 - China's Open-Door Policy and Trade with Latin America: 1978-1990 53
  • Notes 74
  • Notes 87
  • 7 - Technology Transfer 89
  • Notes 95
  • 8 - Problems and Issues in Current Economic Relations 97
  • Notes 109
  • 9 - Prospects for Future Economic Relations 111
  • Notes 127
  • 10 - Summary and Conclusions 130
  • Notes 146
  • Appendix A: Trade Treaties and Agreements between China and Latin America, 1949-1990 151
  • Appendix B: Major Sino-Latin American Joint Ventures in Latin America 159
  • Selected Bibliography 161
  • Index 171
  • About the Author 179
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