Chile and the Belt and Road Initiative

Lunting Wu ()
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Lunting Wu: Freie Universität Berlin

Chapter Chapter 3 in Belt and Road Initiative in South America, 2024, pp 67-112 from Springer

Abstract: Abstract Chile has signed the MoU on cooperation within the BRI framework, concluded supplementary agreements, issued various BRI-related deliverables, and implemented relevant projects. Moreover, Chilean foreign policymakers have endorsed rhetorically key ideas behind the BRI. In this chapter I discuss why Santiago has endorsed the BRI, according to the theoretical framework. I discern that the intensity of business interests regarding the BRI is high, especially when it comes to attracting China’s investments. Hence, the cost of no agreement for them would be high. The rather homogeneous, export-oriented economic structure is behind the convergent business interests in the BRI, while opposition to this initiative has remained sporadic. Intense business interests have been transmitted to the state via informal channels, according to elite interviews. Being the foreign policy decision-making locus, the Chilean diplomatic establishment has insulated the decision-making process regarding its strategy towards the BRI, and has generated bureaucracy preferences that reflect business interests, besides the wide perception that endorsing the BRI would correspond to the country’s foreign policy doctrine of economic pragmatism and multilateralism. The presence of Michelle Bachelet, Sebastian Piñera, and Gabriel Boric at the BRI Fora in Beijing evidences this consistent and coherent state preference.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-1545-9_3

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DOI: 10.1007/978-981-97-1545-9_3

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