Editor’s Note: A previous version of this post shared a chart that was inconsistent with the title of the piece. The chart has been corrected, and the piece has been updated as of Monday, August 8, 2021. By Bridgette Lang Since 2008, China has been a fast growing and evolving player in Latin America, with […]
For many developing countries, inward foreign direct investment (FDI) fills the local financial gap in the power sector and helps fuel the economy. In the 1980s, China suffered from severe power shortages, as state investment alone could not meet soaring demand for electricity. The government later removed its regulatory barriers and restructured feed-in-tariff schemes to […]
Since 2009, China has been Africa’s largest trading partner for ten consecutive years. Today, the continent is also China’s second largest market for overseas project contracting and fourth largest outward investment destination. China’s expansion in Africa also fits into Chinese leader Xi Jinping’s development framework, the Belt and Road Initiative. China’s political and economic engagement […]
Energy is the lifeblood of the global economy, critical to all sectors of the economy including agriculture, transportation, waste collection, information technology and communications sources. In 2011, energy expenditures amounted to approximately 10 percent of the world gross domestic product (GDP), in which North America accounts for 20 percent, Europe for 25 percent and Japan […]
In economic literature, productivity spillovers refer to events at a firm that lead to ripple effects at another firm. Previous research has investigated spillover effects resulting from multinational firms receiving foreign direct investment and then transferring knowledge to domestic firms. Identification of productivity spillovers between firms is a challenging task, and estimation typically requires data […]
According to the World Bank, Myanmar is now one of the fastest growing economies in Asia, with a projected GDP growth rate of 6.8 percent on average in the medium-term. Since the political liberalization initiated in 2011, attracting foreign direct investment (FDI) has become an important national strategy for promoting economic development. Though China is […]
In 2017, Latin America and the Caribbean (LAC) continued to strengthen economic ties with China, especially with respect to trade and foreign direct investment (FDI) in extraction, infrastructure and to a lesser extent, manufacturing activities. Conversely, Chinese policy banks gave fewer loans to Latin American governments, according to the China-Latin America Finance Database, jointly administered […]
In the last ten years, China has grown into a major trade and investment partner for Latin America and the Caribbean (LAC). It is now South America’s top export destination and the second-largest source of foreign direct investment (FDI) inflows for the LAC region. However, this new relationship has also come to symbolize the trend […]
China has become an important partner for Bolivia, both diplomatically and economically, having signed over 400 cooperation, aid and loan agreements. The country has also been a small but fast-growing partner, active in Bolivia’s mining sector and set to be Bolivia’s main partner in developing its lithium reserves. Bolivia’s exports to China have been concentrated […]
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 […]