Since the 1950s, Korean and Japanese banks have loaned billions of dollars in loans to their “national champion” companies to encourage overseas investment. Now, Chinese state-owned banks have loaned billions to state-owned companies as part of China’s “Go Global” policy. While studies have compared China’s liberalization, inward foreign directing investment (FDI) attraction and export promotion […]
In the 1970s, China began to sign bilateral investment treaties (BITs), but refused to grant foreign investors the right to sue their host government in international arbitration tribunals. Few realize that China’s treaty negotiations have in fact abandoned this restriction in almost every Chinese BIT signed since 1998, including those with Latin America. Scholars have […]
China’s policy banks, the China Development Bank (CDB) and Export-Import Bank of China (CHEXIM), are new leaders in the world of sovereign finance. Within a decade, they have surpassed annual lending by the World Bank and many other counterparts. According to the Financial Times, the policy banks provided $10 billion more in financing to developing […]
Faculty Fellow Kevin Gallagher Speaks at Inter-American Development Bank November 26, 2012
Pardee House Seminar on Asia-Latin America Relationship November 7, 2012
Pardee Center Co-Sponsors Workshop in Buenos Aires June 29, 2012
The rise of China has created an unprecedented demand for Latin American and Caribbean (LAC) exports, which has helped boost the region’s growth for almost a decade. Ultimately, though, such export growth may not be sustainable. Perhaps even worse, Chinese manufactured goods are more competitive than those from Latin America in both home and world […]
By Kevin Gallagher and Roberto Porzecanski (October 2010) In the eyes of many, China’s unprecedented economic rise has brought nothing but good news to the countries of Latin America and the Caribbean. Indeed, China’s growing appetite for primary products, and the ability of Latin America to supply that demand, has played a role in restoring […]
After almost 25 years of experimenting with the neo-liberal economic reforms collectively known as “Washington Consensus” policies, Latin Americans are starting to re-assess the merits of these policies at the voting booth. Many newly elected governments are beginning to scrutinize the role of foreign direct investment (FDI) in particular, and some nations have gone so […]
Prior to the current economic and financial crisis, there have been contradicting views on the impact of China’s trade in Latin America and the Caribbean (LAC). Some have argued China’s rise has been a blessing for Latin America, as Chinese demand boosted exports and in part caused a hike in commodities prices worldwide, while others […]