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Infrastructure: The Belt and Road Initiative in Latin America

In: China, Latin America, and the Global Economy

Author

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  • Alessandro Golombiewski Teixeira

    (Tsinghua University)

  • Nicolás Azócar

    (Tsinghua University)

Abstract

China's Belt and Road Initiative has arrived in Latin America and the Caribbean, calling for a new international cooperation model. It promises resources to improve connectivity and reduce the infrastructure investment gap in the region. However, it raises some concerns about the lack of information and transparency, the asymmetrical relationship based on economic dependency, and the potential discoordination and competition among countries to get resources individually rather than exploring potential co-financed projects. This chapter explores why the BRI is crucial for China and to what extent Latin American regional cooperation might influence the Chinese approach to the region. The chapter also argues that complementing BRI execution through a combination of multilateral and bilateral projects can be a useful way forward for China and Latin America to address shared challenges.

Suggested Citation

  • Alessandro Golombiewski Teixeira & Nicolás Azócar, 2023. "Infrastructure: The Belt and Road Initiative in Latin America," Springer Books, in: Aaron Schneider & Alessandro Golombiewski Teixeira (ed.), China, Latin America, and the Global Economy, chapter 0, pages 113-140, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-18026-2_6
    DOI: 10.1007/978-3-031-18026-2_6
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