Infrastructure: The Belt and Road Initiative in Latin America

Alessandro Golombiewski Teixeira () and Nicolás Azócar ()
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Alessandro Golombiewski Teixeira: Tsinghua University
Nicolás Azócar: Tsinghua University

Chapter Chapter 6 in China, Latin America, and the Global Economy, 2023, pp 113-140 from Springer

Abstract: Abstract China's Belt and Road Initiative has arrived in Latin America and the Caribbean, calling for a new international cooperation model. It promises resources to improve connectivity and reduce the infrastructure investment gap in the region. However, it raises some concerns about the lack of information and transparency, the asymmetrical relationship based on economic dependency, and the potential discoordination and competition among countries to get resources individually rather than exploring potential co-financed projects. This chapter explores why the BRI is crucial for China and to what extent Latin American regional cooperation might influence the Chinese approach to the region. The chapter also argues that complementing BRI execution through a combination of multilateral and bilateral projects can be a useful way forward for China and Latin America to address shared challenges.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-18026-2_6

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DOI: 10.1007/978-3-031-18026-2_6

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