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The article analyzes the patterns of formation and development of China’s economic strategy in Latin America and the Caribbean (LAC) from 2008 to 2023. The object of study is the economic strategy of the PRC, and the subject is the Latin American direction of the strategy. The hypothesis is that China’s economic ties with countries are a specific variation of “center-periphery” relations. These ties arose as a result of the development of a new economic model of China from the late 1990s to the mid‑2000s. This model is characterized by a focus on domestic demand and capital export while maintaining a high level of state participation. The global financial and economic crisis of 2008 created more favorable conditions for the penetration of Chinese companies into Latin America. LAC countries had to compensate for losses from the decline in demand from traditional partners. China, in turn, needed labor and resource sources. These relationships intensified after a sharp drop in commodity prices in 2014. Moreover, in this case, the advantages of the Chinese economic model over the traditional partners of the region allowed to strengthen the presence even more, offering better conditions in the field of trade, investment, and finance. The analysis of trade, investment, infrastructure projects, and finance showed that China is forming its version of “center-periphery” relations with LAC countries based on the dominance of state-owned companies. Unlike the traditional model, which is based on the need for investment return and a high level of profitability, China is building its production infrastructure, increasing the level of economic development of LAC countries. At the same time, in recent years, negative trends can be traced in a number of directions of China’s foreign economic activity in the region, which can become a challenge for the set goal – to achieve the status of one of the leaders.
The article analyzes the patterns of formation and development of China’s economic strategy in Latin America and the Caribbean (LAC) from 2008 to 2023. The object of study is the economic strategy of the PRC, and the subject is the Latin American direction of the strategy. The hypothesis is that China’s economic ties with countries are a specific variation of “center-periphery” relations. These ties arose as a result of the development of a new economic model of China from the late 1990s to the mid‑2000s. This model is characterized by a focus on domestic demand and capital export while maintaining a high level of state participation. The global financial and economic crisis of 2008 created more favorable conditions for the penetration of Chinese companies into Latin America. LAC countries had to compensate for losses from the decline in demand from traditional partners. China, in turn, needed labor and resource sources. These relationships intensified after a sharp drop in commodity prices in 2014. Moreover, in this case, the advantages of the Chinese economic model over the traditional partners of the region allowed to strengthen the presence even more, offering better conditions in the field of trade, investment, and finance. The analysis of trade, investment, infrastructure projects, and finance showed that China is forming its version of “center-periphery” relations with LAC countries based on the dominance of state-owned companies. Unlike the traditional model, which is based on the need for investment return and a high level of profitability, China is building its production infrastructure, increasing the level of economic development of LAC countries. At the same time, in recent years, negative trends can be traced in a number of directions of China’s foreign economic activity in the region, which can become a challenge for the set goal – to achieve the status of one of the leaders.
The research examines the proposals of the “Cornwall Consensus” in the context of their possible application in Latin America. The authors argue that these proposals could contribute to the development of a new economic development strategy for the post-liberal period. It is likely that the “Cornwall Consensus” proposals become dominant in shaping the global agenda on the new economic paradigm. Although it is important to mention that nowadays there also also “Beijing” and “Delhi” consensuses those are linked to the Chinese and Indian models of economic liberalization and constitute an alternative to the “Washington Consensus”. The article analyzes the effectiveness of the “Washington Consensus” adjustment mechanism, carries out a comparative analysis of the Latin American economies that pursued both liberal and statist development models. Then the article examines the main recommendations and ideas of the “Cornwall Consensus”, the prospects of adapting the Latin American region to the proposals of a new development model against the background of existing experience in implementing the recommendations of the “Washington Consensus”, its consequences and existing “post-neoliberal” alternatives. The authors conclude that, despite the adaptability of the Latin American economies, the question remains whether the proposals of the “Cornwall Consensus” can contribute to the revival of the development policy in Latin America aimed at creating a new type of “welfare state”? The study concludes that the proposals of the “Cornwall Consensus” could contribute to the formulation of a new development policy, since the “welfare state” in its Latin American version, regardless of whether “neoliberal” or “progressive”, has exhausted itself.
КлейнерГеоргийБорисович , д-р экон. наук, профессор, член-корреспондент РАН, заместитель научного руководителя ЦЭМИ РАН, заведующий кафедрой «Системный анализ в экономике», Финансовый университет, Москва, Россия george.kleiner@inbox.ru РыбачукМаксимАлександрович, канд. экон. наук, старший научный сотрудник ЦЭМИ РАН, доцент кафедры «Системный анализ в экономике», Финансовый университет, Москва, Россия m.ribachuk@gmail.com Аннотация.Основные инструменты государственного воздействия на экономику, такие как экономические реформы, стратегическое планирование, инфраструктурное развитие, государственное регулирование, рассматриваются в статье с точки зрения системной теории государственного воздействия на экономику. Эти инструменты образуют определенное системное единство, реализуют различные подходы к системному пониманию экономики, а их список является исчерпывающим. В статье определяется рациональная последовательность их применения в целях обеспечения устойчивого развития экономики страны. Описывается опыт применения системной теории государственного воздействия на экономику на примере анализа экономических преобразований Китая и России. Ключевыеслова:экономические реформы; стратегическое планирование; инфраструктурное развитие; государственное регулирование; системная экономика; системная теория государственного воздействия на экономику Abstract.In the article, we considered the main instruments of state influence on the economy, such as economic reforms, strategic planning, infrastructure development, government regulation from the standpoint of the system theory of state influence on the economy. These tools form a certain systemic unity, realise different approaches to the system understanding of the economy, and their list is exhaustive. We determined the logical sequence of their application ensuring sustainable development of the economy of the country. We described the experience of using the system theory of state influence on the economy on the example of an analysis of the economic transformations of China and Russia.
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