Category: Kevin Gallagher

Peru has copper. China wants it. And now Beto Chahuayllo is dead.

Los Angeles Times Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies When the Chinese took over the Las Bambas copper mine here in the Andes Mountains in 2014, Beto Chahuayllo at first barely noticed the change… Expert quote: “Finance ministries loved it, and so did the heads of state.” View full […]

China’s big bet on Latin America is going bust

CNNMoney.com Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies Last year alone, China offered $65 billion to Latin America, it biggest bet yet. Many see the move as a power play to counter the U.S. influence in the region… Expert quote: “They’re now giving loans to protect their previous loans. They’re […]

China doubles bets on ailing Latin American economies

Financial Times (subscription required) By Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies As Western-backed development banks and the private sector are on the retreat from Latin America, China’s development banks are coming to the rescue, at least for now… View full article by expert Kevin Gallagher

Latin America: China’s power play right under the U.S.

CNNMoney.com Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies China is making its biggest bet ever on Latin America, just as the United States is turning its back… Expert quote: “China underestimated challenges that it would face in the region. But while the rest of the investment community has turned sour […]

Capital controls no longer taboo as emerging markets battle flight

Financial Times (subscription required) Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies When Haruhiko Kuroda, governor of the Bank of Japan, suggested last week that China should use capital controls to support its currency, it was as if he had broken a taboo… Expert quote: “These countries are bleeding. They can’t just […]

With COP21 underway, development banks urged to boost ‘green finance’ in Latin America

The Tico Times Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies Mitigating the expected ravages of climate change – let alone investing in sustainable infrastructure projects – won’t come cheap, say finance experts who calculate the cost at a staggering $110 billion a year for Latin America alone… Expert quote: “Latin […]

China-Latin America Relations: In Ecuador, Dependency On Beijing Financing Of Development Projects Raises Fears, Uncertainty For Some

International Business Times Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies The long stretch of roadway snaking through the parched, rolling hills outside this sleepy Ecuadorean port city will one day wind up at the foot of one of the country’s most buzzed-about development projects: a mega-refinery that will transform Ecuador […]

Pacific trade deal shows Latin America’s new ideological divide

Washington Post Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies The benefits of signing up for the biggest trade deal in history may take a while to materialize in the three Latin American countries that agreed Monday to the 12-nation Trans-Pacific Partnership (TPP)… Expert quote: “These countries had a tough time […]

China’s Ambitious Rail Projects Crash Into Harsh Realities in Latin America

New York Times (subscription required) Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies The ambitions are dizzying, some of the grandest in Latin America since thousands of laborers perished building railways through the forbidding jungles of Brazil more than a century ago… Expert quote: “With all due respect, the African countries […]