China and the change of the energy matrix in Latin America: a global political economy approach

Oscar Ugarteche () and Carlos De León ()

Brazilian Journal of Political Economy, 2022, vol. 42, issue 2, 442-459

Abstract: China is leading the global change in the energy matrix and mainly Latin America.This change questions the position and leadership of the United States in general andparticularly in Latin America. Evidence shows that the United States lags in energy changein technical and institutional terms and is anchored heavily in dirty energy. Evidence alsoindicates that the US is not allowing China to advance in the region quickly. Power generationfrom renewable energy sources is rising, with China leading in solar equipment andhydroelectric dams while buying out electric distribution networks from US firms. The consequencesfor the global economy will be felt on many fronts, from the balance of trade sign change and decreased inflation to currency realignments and power reshuffle as oil pricescollapse. JEL Classification: F6; O1; F18; F5; O36; O38.

Keywords: Economic development; trade and environment; international relations; open innovation; government policy (search for similar items in EconPapers)
Date: 2022
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