BELT AND ROAD INITIATIVE (BRI) AND CHINA’S INTERNATIONAL DEVELOPMENT COOPERATION IN LATIN AMERICA: BETWEEN ADHESIONS AND HESITATIONS
The last decade has witnessed a substantial increase in the volume of Chinese financing for large-scale projects in developing countries. Although it cannot be said that these financing are strictly limited to the concept of “aid” in its conventional meaning, they are consi...
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| Format: | Article |
| Language: | English |
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Instituto de Pesquisa Econômica Aplicada
2022-12-01
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| Series: | Revista Tempo do Mundo |
| Subjects: | |
| Online Access: | https://www.ipea.gov.br/revistas/index.php/rtm/article/view/382/344 |
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| author | Ticiana Gabrielle Amaral Nunes Carlos Renato da Fonseca Ungaretti Lopes Filho Giulia Marianna Rodrigues Di Marco Marco Aurélio Alves de Mendonça |
| author_facet | Ticiana Gabrielle Amaral Nunes Carlos Renato da Fonseca Ungaretti Lopes Filho Giulia Marianna Rodrigues Di Marco Marco Aurélio Alves de Mendonça |
| author_sort | Ticiana Gabrielle Amaral Nunes |
| collection | DOAJ |
| description | The last decade has witnessed a substantial increase in the volume of Chinese financing for large-scale projects in developing countries. Although it cannot be said that these financing are strictly limited to the concept of “aid” in its conventional meaning, they are considered the cornerstone of China’s International Development Cooperation (IDC) and have thus constituted a valuable alternative for emerging economies. Following this premise, the article analyzes the expansion of flows in Latin America and the Caribbean (LAC), focusing on the increasing projection of the Belt and Road Initiative (BRI) in the region. As for the theoretical framework, the study employs literature review on IDC and South-South Cooperation (SSC) to examine the intrinsic characteristics of the Chinese model. Empirically, the research addresses the growth of Chinese banks financing in the region as well as the current framework of entrances and hesitations among the three largest regional economies (Brazil, Argentina and Mexico). It is argued that, although the Chinese cooperation dynamic does not match the conventional definition of the concept, it produces tangible effects on regional economies and their dependence vis-à-vis traditional donors which should not be overlooked. |
| first_indexed | 2024-04-09T21:10:26Z |
| format | Article |
| id | doaj.art-0785fd60f4864fb39d0ab244da8c19c4 |
| institution | Directory Open Access Journal |
| issn | 2176-7025 2675-150X |
| language | English |
| last_indexed | 2024-04-09T21:10:26Z |
| publishDate | 2022-12-01 |
| publisher | Instituto de Pesquisa Econômica Aplicada |
| record_format | Article |
| series | Revista Tempo do Mundo |
| spelling | doaj.art-0785fd60f4864fb39d0ab244da8c19c42023-03-28T20:10:16ZengInstituto de Pesquisa Econômica AplicadaRevista Tempo do Mundo2176-70252675-150X2022-12-0129165206http://dx.doi.org/10.38116/rtm29art6BELT AND ROAD INITIATIVE (BRI) AND CHINA’S INTERNATIONAL DEVELOPMENT COOPERATION IN LATIN AMERICA: BETWEEN ADHESIONS AND HESITATIONSTiciana Gabrielle Amaral Nunes0https://orcid.org/0000-0002-0999-9637Carlos Renato da Fonseca Ungaretti Lopes Filho1https://orcid.org/0000-0002-1599-2941Giulia Marianna Rodrigues Di Marco2https://orcid.org/0000-0001-8370-4289Marco Aurélio Alves de Mendonça3https://orcid.org/0000-0001-7806-4942Subprogram of Research for National Development (PNPD); International Studies Department of the Institute for Applied Economic Research (Dinte/Ipea)Subprogram of Research for National Development (PNPD); International Studies Department of the Institute for Applied Economic Research (Dinte/Ipea)Subprogram of Research for National Development (PNPD); International Studies Department of the Institute for Applied Economic Research (Dinte/Ipea)International Studies Department of the Institute for Applied Economic Research (Dinte/Ipea)The last decade has witnessed a substantial increase in the volume of Chinese financing for large-scale projects in developing countries. Although it cannot be said that these financing are strictly limited to the concept of “aid” in its conventional meaning, they are considered the cornerstone of China’s International Development Cooperation (IDC) and have thus constituted a valuable alternative for emerging economies. Following this premise, the article analyzes the expansion of flows in Latin America and the Caribbean (LAC), focusing on the increasing projection of the Belt and Road Initiative (BRI) in the region. As for the theoretical framework, the study employs literature review on IDC and South-South Cooperation (SSC) to examine the intrinsic characteristics of the Chinese model. Empirically, the research addresses the growth of Chinese banks financing in the region as well as the current framework of entrances and hesitations among the three largest regional economies (Brazil, Argentina and Mexico). It is argued that, although the Chinese cooperation dynamic does not match the conventional definition of the concept, it produces tangible effects on regional economies and their dependence vis-à-vis traditional donors which should not be overlooked.https://www.ipea.gov.br/revistas/index.php/rtm/article/view/382/344chinalatin america and the caribbean (lac)international development cooperation (icd)belt and road initiative (bri) |
| spellingShingle | Ticiana Gabrielle Amaral Nunes Carlos Renato da Fonseca Ungaretti Lopes Filho Giulia Marianna Rodrigues Di Marco Marco Aurélio Alves de Mendonça BELT AND ROAD INITIATIVE (BRI) AND CHINA’S INTERNATIONAL DEVELOPMENT COOPERATION IN LATIN AMERICA: BETWEEN ADHESIONS AND HESITATIONS Revista Tempo do Mundo china latin america and the caribbean (lac) international development cooperation (icd) belt and road initiative (bri) |
| title | BELT AND ROAD INITIATIVE (BRI) AND CHINA’S INTERNATIONAL DEVELOPMENT COOPERATION IN LATIN AMERICA: BETWEEN ADHESIONS AND HESITATIONS |
| title_full | BELT AND ROAD INITIATIVE (BRI) AND CHINA’S INTERNATIONAL DEVELOPMENT COOPERATION IN LATIN AMERICA: BETWEEN ADHESIONS AND HESITATIONS |
| title_fullStr | BELT AND ROAD INITIATIVE (BRI) AND CHINA’S INTERNATIONAL DEVELOPMENT COOPERATION IN LATIN AMERICA: BETWEEN ADHESIONS AND HESITATIONS |
| title_full_unstemmed | BELT AND ROAD INITIATIVE (BRI) AND CHINA’S INTERNATIONAL DEVELOPMENT COOPERATION IN LATIN AMERICA: BETWEEN ADHESIONS AND HESITATIONS |
| title_short | BELT AND ROAD INITIATIVE (BRI) AND CHINA’S INTERNATIONAL DEVELOPMENT COOPERATION IN LATIN AMERICA: BETWEEN ADHESIONS AND HESITATIONS |
| title_sort | belt and road initiative bri and china s international development cooperation in latin america between adhesions and hesitations |
| topic | china latin america and the caribbean (lac) international development cooperation (icd) belt and road initiative (bri) |
| url | https://www.ipea.gov.br/revistas/index.php/rtm/article/view/382/344 |
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