scholarly journals CHANGES IN THE CHINESE DEVELOPMENT STRATEGY AFTER THE GLOBAL CRISIS AND ITS IMPACTS IN LATIN AMERICA

2018 ◽  
Vol 22 (1) ◽  
Author(s):  
Celio Hiratuka
Keyword(s):  
Latin America ◽  
Development Strategy ◽  
Latin American ◽  
Global Financial Crisis ◽  
Trade Flows ◽  
First Century ◽  
Economic Relations ◽  
New Challenges ◽  
The Global Financial Crisis ◽  
Latin American Countries

ABSTRACT This paper aims to analyze the recent changes in economic relations between Latin American countries and China in the context of the transformations occurred in the latter’s development strategy after the global financial crisis. The text argues that, in relation to the first decade of the twenty-first century, connections linked to FDI, financing flows, and infrastructure projects have been growing in importance and present new challenges to Latin America, which surpass the ones based only on trade flows.

China's Belt and Road Initiative in Latin America: What has Changed?

2021 ◽  
pp. 186810262110478
Author(s):  
Rhys Jenkins
Keyword(s):  
Latin America ◽  
Latin American ◽  
Global Financial Crisis ◽  
Belt And Road Initiative ◽  
Economic Relations ◽  
Policy Statements ◽  
Belt And Road ◽  
The Global Financial Crisis ◽  
Latin American Countries ◽  
The Belt And Road

When China invited the Latin American countries to participate in the Belt and Road Initiative, it fuelled expectations of a much closer and more productive relationship with the region. In practice, however, there is little evidence that this was happening even before the coronavirus disease 2019 pandemic. The article shows that neither the policy statements by China nor the trends in economic relations indicate a substantive change in Sino–Latin American relations and that the Belt and Road Initiative represents a repackaging of existing relations and the continuation of trends that have been underway since the global financial crisis.

China’s trade policy towards Latin America: an analysis of free trade agreements policy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Dorotea Lopez ◽  
Felipe Munoz
Keyword(s):  
Latin America ◽  
Latin American ◽  
Bilateral Trade ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
Trade Flows ◽  
Content Type ◽  
Economic Relations ◽  
The Impact ◽  
Latin American Countries

PurposeThe emergence of China in the international trading system has shifted its gravity center, as the country has become one of the mayor actors in international economic relations. Through the subscription of preferential agreements, China is building a network of strategic partnerships worldwide, including Latin America. The purpose of this paper is to answer the questions: Do free trade agreements (FTAs) between China and Latin American countries contribute to expand trade flows and enhance products diversification?Design/methodology/approachThree countries have an FTA with China, Chile (2005), Peru (2009) and Costa Rica (2010). Through an econometric estimation based on a gravity model, the authors expect to determine the impact of these agreements over both trade flows and products.FindingsThe study shows that FTAs have a positive impact on both bilateral trade flows and on the number of exchanged products. Nevertheless, this impact is positive but diminishes in time. The authors confirm that these agreements allowed for a substantive expansion of trade between Latin American economies and China, becoming relevant for policymakers regarding the bi-regional relation.Originality/valueThe study contributes to the understanding of the bilateral trade relations between China and Latin American countries, giving evidence of the magnitude of the impact of FTAs. Through new data, at a six-digit level of detail, this study improves current knowledge regarding bilateral economic relations.

scholarly journals Systemically important financial institutions in Latin America - a Primer

2016 ◽  
Vol 36 (2) ◽  
pp. 410-429
Author(s):  
JACOB KLEINOW ◽  
MARIO GARCIA MOLINA ◽  
ANDREAS HORSCH
Keyword(s):  
Latin America ◽  
Latin American ◽  
Financial Institutions ◽  
Global Financial Crisis ◽  
State Of The Art ◽  
Risk Exposure ◽  
Historical Experience ◽  
Systemic Risks ◽  
Depth Analysis ◽  
The Global Financial Crisis

ABSTRACT Financial institutions show a characteristic risk exposure and vulnerability, making them prone to instability. Financial systems in Latin America, however, were left largely unscathed by the global financial crisis starting in 2008. This state-of-the-art survey provides an in-depth analysis on the identification and regulation of systemically important financial institutions (SIFIs). While Latin America benefits from its rich historical experience in managing systemic risks, we find the problem of SIFIs to be still underestimated. However, there are first efforts to cope with SIFIs in science and particularly Latin American supervisors and regulators are starting to take the threat posed by SIFIs seriously.

scholarly journals Military-technical cooperation between Russia and Latin America at the present stage (cases of Venezuela, Peru, Brazil)

2019 ◽  
pp. 59-64
Author(s):  
A. Yu. Stepanov
Keyword(s):  
Latin America ◽  
Latin American ◽  
Technical Cooperation ◽  
Present Stage ◽  
Economic Relations ◽  
Latin American Countries ◽  
Development Of Partnership

The article provides the overview of military-technical cooperation (MTC) of theRussian Federationwith Latin American countries, its main trends and impact on bilateral political and economic relations withVenezuela,PeruandBrazil. After the collapse of theUSSR, the supply of domestic arms to the Latin American market declined significantly. In the 2000s,Russiaregained its position in this market. Modern MTC strategies are primarily economic, marketing and political. The development of partnership in the field of military-technical cooperation is of long-term strategic importance, since the purchase of weapons entails the need for cooperation in other areas related to its use.

The return of Keynes and the Phillips curve in Latin America: evidence from four countries

2020 ◽  
Vol 8 (1) ◽  
pp. 84-101
Author(s):  
Esteban Pérez Caldentey ◽  
Nathan Perry ◽  
Matías Vernengo
Keyword(s):  
Latin America ◽  
Latin American ◽  
Phillips Curve ◽  
Global Financial Crisis ◽  
Theoretical Level ◽  
Unemployment Rates ◽  
Keynesian Economics ◽  
Demand Pull ◽  
Wage Inflation ◽  
The Global Financial Crisis

Robert Rowthorn, in his Godley–Tobin Lecture, suggests that Keynesian policies have again been incorporated by the mainstream of the profession, and the old Phillips relation is again relevant. In other words, there seems to be a persistent trade-off between inflation, wage inflation in particular, and unemployment rates, properly measured, which would create the space for Keynesian policies. This paper discusses the return of Keynesian economics, in particular in Latin American economies. While it is true that Keynesian economics made a comeback in terms of policy in Latin America, as in other parts of the world, in the aftermath of the global financial crisis of 2008–2009, it is also true that the Keynesian moment was relatively weak and short-lived. The evidence in Latin America for a Phillips curve is relatively weak, and suggests that inflation is often cost-push rather than demand-pull, which could be understood to suggest that there is space for expansionary fiscal policy, at least in the absence of an external constraint. The authors remain skeptical about the return of Keynesian economics at the theoretical level, and the possibilities for Keynesian policies in the region.

scholarly journals SPANISH INVESTMENT IN LATIN AMERICA IN THE FACE OF NEW CHALLENGES

2016 ◽  
pp. 56-61
Author(s):  
T. . Sidorenko
Keyword(s):  
Latin America ◽  
Latin American ◽  
Competitive Advantages ◽  
Crisis Period ◽  
The Face ◽  
New Challenges ◽  
Latin American Countries

The article analyzes the main directions of expansion and location of Spanish multinationals in the economies of Latin America in the late XX - early XXI centuries. Particular attention is paid to the identification of the competitive advantages of Spanish companies, which would allow them to strengthen their position in the markets of Latin American countries in the post-crisis period.

scholarly journals Diversity in Science Education: Its Role in the Development of Latin America in the 21st Century

1997 ◽  
Vol 3 (1) ◽  
pp. 74-82 ◽  
Author(s):  
Assefaw Tewolde
Keyword(s):  
Science Education ◽  
Latin America ◽  
Latin American ◽  
Agricultural Production ◽  
Environmental Conservation ◽  
First Century ◽  
Quarter Century ◽  
Urban Sector ◽  
The World ◽  
Latin American Countries

Over the next quarter-century, the world's population is expected to grow by an unprecedented 90 million people-the equivalent of Mexico's population in 1995 (IFPRI, 1996). The resulting strain on food supplies, agricultural production, services and the environment will pose enormous challenges to even the most resourceful leaders. However, a growing body of research shows that these challenges can be met provided that well-planned science education and research is in place. That being so, there still is wide variation in the levels of literacy between the different Latin American countries, indicating the differential effect that science education has on the region. This is probably due to the differential investment in science that countries have made over the years. For example, while Costa Rica, Uruguay, Argentina, and Chile are among the countries with the highest literacy rates in South America, there are other countries in the same continent with literacy rates at levels below 75 percent.  Latin America, like the rest of the world, will not escape the challenges of the twenty-first century. These challenges include: an ever increasing concern for environmental conservation and the management of biodiversity; the globalization of the economy; and the increasing need to ensure food security to the growing population in general and particularly to the urban sector. This means that science education must focus on these challenges. In all these, science has had, and will continue to have, significant influence. 

Financial Integration in Latin America

Policy Papers ◽  
2016 ◽  
Vol 23 (2016) ◽  
Author(s):  
Keyword(s):  
Latin America ◽  
Latin American ◽  
Financial Integration ◽  
Global Financial Crisis ◽  
Access To Credit ◽  
Advanced Economies ◽  
Economic Volatility ◽  
The Global Financial Crisis ◽  
Global Banks ◽  
China’S Growth

Many Latin American economies have experienced significant reductions in growth recently, as a result of the end of the commodity super-cycle and the rebalancing of China’s growth, and a number of global banks have been leaving the region. AlthoughLatin American countries were generally less affected by the global financial crisis (GFC) than other regions, the region continues also to suffer from the protracted sluggish growth in advanced economies. In addition, there has since 2008 been a withdrawal of global banks from the region, thus potentially worsening access to credit or reducing competition in the financial sector. More broadly, the GFC demonstrated that extreme economic volatility can originate from outside the region, rather than internally, as was the experience of the 1980s and 1990s...

scholarly journals An Appraisal of Floating Exchange Rate Regimes in Latin America

2017 ◽  
Vol 2 (2) ◽  
pp. 239-246
Author(s):  
Roberto Frenkel
Keyword(s):  
International Economic ◽  
Latin America ◽  
Exchange Rate ◽  
Latin American ◽  
Exchange Rate Regime ◽  
Exchange Rate Regimes ◽  
Economic Relations ◽  
International Economic Relations ◽  
Floating Exchange Rate ◽  
Latin American Countries

The exchange rate regime is a crucial variable in international economic relations. This presentation attempts to evaluate the performance of floating exchange rate regimes in the major Latin American countries.

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