Open AccessChina Pushed the Pink Tide and the Pink Tide Pulled China: Intertwining Economic Interests and Ideology in Ecuador and Bolivia (2005–2014)
Author(s) -
Ganchev Ivo
Publication year - 2020
Publication title -
world affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.159
H-Index - 14
eISSN - 1940-1582
pISSN - 0043-8200
DOI - 10.1177/0043820020965968
Subject(s) - left wing politics , china , ideology , geopolitics , latin americans , political science , economy , development economics , geography , political economy , politics , economics , law
This article examines the rise of leftist ideology in Ecuador and Bolivia in light of their deepening economic relations with China from 2005 to 2014. First, it reveals that market trends account for trade fluctuations but fail to explain Chinese investment in, and some loan deals with, Ecuador as well as loans to Bolivia. Second, it demonstrates how these forms of funding provided alternatives to U.S.‐led international institutions, enabling Rafael Correa and Evo Morales to steer away from Western influence. Third, it contends that four factors led to a cyclic reinforcement of Chinese economic interests and the rise of leftist ideology in Ecuador and Bolivia, namely: mutual complementarity between China's demand for energy/natural resource supply diversification and Pink Tide development agendas; U.S.–China geopolitical competition for influence in Latin America; China's experience in engaging with leftist governments from developing countries; and anti‐Americanism shaping national identity in Ecuador and Bolivia.