Elite Dynamics and China's Influence in Latin America

Benedicte Bull and Antulio Rosales

Development and Change, 2024, vol. 55, issue 6, 1206-1229

Abstract: The rise of China as a trading partner, lender and investor is among the most significant developments in the global political economy over the last two decades. This shift has created important new opportunities for developing countries, but it has also introduced new challenges, with benefits and drawbacks unevenly distributed across different nations. This article argues that understanding the developmental consequences of China's involvement requires studying not only Chinese priorities and modalities but also the interests and strategies of local elites. The development of Latin America has been profoundly influenced by these elite interests, which are shaped by the region's integration into the global economy. Elites may leverage the benefits of the relationship to China to enhance their rent‐seeking capabilities and limit competition, thereby hindering development and perpetuating inequality in Latin America. This argument is examined through the contrasting cases of Chile and Venezuela; while Chile's approach to China has been dominated by private sector elites, Venezuela's approach has been driven by governmental elites. In both cases, integration with China is shaped by and has in turn strengthened interests and strategies of the elites.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/dech.12861

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:devchg:v:55:y:2024:i:6:p:1206-1229

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0012-155X

Access Statistics for this article

More articles in Development and Change from International Institute of Social Studies
Bibliographic data for series maintained by Wiley Content Delivery ().