Open AccessCHINESE ENGAGEMENT IN LATIN AMERICA AND EUROPE: INSIGHTS FOR ROMANIA
Author(s) -
R. Evan Ellis
Publication year - 2021
Publication title -
proceedings of the ... international scientific conference "strategies xxi". romania in the new international security dynamics/proceedings of the ... international scientific conference "strategies xxi". romania and the new dynamics of the international security
Language(s) - English
Resource type - Journals
eISSN - 2668-5094
pISSN - 2668-3865
DOI - 10.53477/2668-5094-21-15
Subject(s) - china , competitor analysis , latin americans , politics , corporate governance , political science , government (linguistics) , economy , political economy , business , economics , finance , linguistics , philosophy , marketing , law
This paper examines Chinese commercial, political, and security engagement with Latin America and the Caribbean, comparing it with similar engagement in Europe. It findsevidence that PRC engagement globally is driven by a strategy focused on re-orienting the world to the economic benefit of the PRC, with nonetheless important political, institutional,and security engagement in support of these objectives and the consequences of their pursuit. It finds common elements in China’s pursuit of secure sources of supply, markets andtechnology across regions, its use of the PRC government supporting roles, with differences reflecting the governance and political structure of each partner, the economic opportunitiesavailable, and the imperatives of geography. It finds that PRC “soft power” over political and business elites in both regions is significant, based more in the expectation of benefit than analignment of values, and thus can coexist with mistrust of the PRC. It finds that Europe can not only gain insights from examining Chinese engagement in Latin America, but that engagementimpacts Europe directly through the roles of its companies as both competitors and partners of European ones in the region, and through intraregional supply chains and the flows of fundsthrough mergers and acquisitions by China of stakes in European companies.Keywords: PRC, China, Latin America, Belt and Road, BRI, Infrastructure, Security Engagement.