China–Latin America Economic Relations in the New Millennium

С 1988 года начался новый период экономических и политических отношений России с развивающимися странами Азии, Африки и Латинской Америки. Особо тесные торговые и финансовые отношения России сложились и поддерживаются с Венесуэлой, Бразилией, Индией, Эфиопией, Ливией, Ганой, Алжиром, Нигерией, Сирией, Ираком и другими развивающимися странами. Но с 2019 года это взаимодействие усложнилось в связи с мировым кризисом вследствие пандемии Covid-19. Все страны мира были вынуждены вносить коррективы в свои внешнеэкономические связи. Since 1988, a new period of economic and political relations between Russia and the developing countries of Asia, Africa and Latin America began. Particularly close trade and financial relations of Russia have developed and are maintained with Venezuela, Brazil, India, Ethiopia, Libya, Ghana, Algeria, Nigeria, Syria, Iraq and other developing countries. But since 2019, this interaction has become more complex due to the global crisis due to the Covid-19 pandemic. All countries of the world were forced to make adjustments to their foreign economic relations

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New World Economic Development Trends and Latin America

World Economy and International Relations ◽

10.20542/0131-2227-2016-60-4-48-60 ◽

2016 ◽

Vol 60 (4) ◽

pp. 48-60

Author(s):

L. Klochkovsky

Keyword(s):

Economic Development ◽

Latin America ◽

Latin American ◽

New World ◽

The United States ◽

Economic Relations ◽

Technological Gap ◽

World Markets ◽

The Future ◽

World Economic

There are substantial changes in the evolution of world economy and world economic relations. The growth rates of international trade have diminished two-fold, the prices for oil and other commodities have fallen, and the competition on world markets has sharpened greatly. These new trends complicate fundamentally external conditions for the economic development of peripheral regions, especially Latin America. Latin American countries have reached a phase of considerable economic deceleration. Under these circumstances, there is an urgent need for reconsideration of key conclusions made by some Russian experts on the possibilities of the future economic and social growth of Latin America. The author examines the most discussed aspects of the Latin American modern economic situation – the deepening technological gap and slow rates of technological progress, the limited role of internal economic motive forces, the conservation of foreign economic dependence. The future of Latin America’s economic development is uncertain in many respects and will depend greatly on foreign economic conditions. The new world balance opened important additional possibilities for Latin America on world markets. China has converted into the second largest economic partner of the region. But there is a number of complicated problems in their relations that need an urgent regulation. At the same time, the strategic task for Latin America consists in finding of effective ways for further broadening of economic relations with the United States in terms of equality and mutual benefit.

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