
As an Amazon Associate and affiliate partner, Menrva Books earns from qualifying purchases. Learn more
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 Lon
Does the economic relationship between China and Latin America provide a sustainable path for long-term development in the region? Kevin P. Gallagher, a professor of global development policy, examines the economic boom triggered by Chinese demand for Latin American commodities. He argues that while this trade relationship generated significant short-term growth, it simultaneously led to industrial hollowing, environmental degradation, and a failure to capitalize on windfall profits, leaving the region vulnerable as Chinese economic priorities shift.
What You Will Find
Scope Limits
Experts in international political economy identify this work as a critical examination of the 'China boom' and its unintended consequences for developing nations. Readers frequently note the academic density of the prose and the author's rigorous approach to synthesizing complex trade data.
Page Count:
240
Publication Date:
2016-01-01
Publisher:
Oxford University Press
ISBN-10:
019024674X
ISBN-13:
9780190246747
No comments yet. Be the first to share your thoughts!