IDEAS home Printed from https://ideas.repec.org/a/bla/worlde/v38y2015i9p1409-1437.html
   My bibliography  Save this article

The Growing Economic Presence of China in the Caribbean

Author

Listed:
  • Richard L. Bernal

Abstract

China's economic presence in the Caribbean has grown significantly in the last decade. The growing economic presence of China in the Caribbean is evident in China's exports and development assistance to the region. Caribbean exports to China have not significantly increased; in fact, they declined during the period 2006–09. This is in contrast to the growth of exports from Latin America and the rest of the world and represents a missed opportunity for Caribbean exporters. The potential for further growth in economic relations between China and the Caribbean lies in trade including services, foreign investment and tourism. The pattern of trade, investment and development assistance in the Caribbean is very different from that in Latin America, and therefore it is misleading to conflate the two regions and draw an inference of similarity beyond very broad trends as is the case of the literature on the economic presence of China in Latin America. The contrast is vividly evident in the fact that China is now the largest trade partner of some Latin American countries but remains a small fraction of the Caribbean's trade.

Suggested Citation

  • Richard L. Bernal, 2015. "The Growing Economic Presence of China in the Caribbean," The World Economy, Wiley Blackwell, vol. 38(9), pages 1409-1437, September.
    • Handle: RePEc:bla:worlde:v:38:y:2015:i:9:p:1409-1437
    DOI: 10.1111/twec.12204
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/twec.12204
    Download Restriction: no
    File URL: https://libkey.io/10.1111/twec.12204?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Alessandro Rebucci & Ambrogio Cesa-Bianchi & M. Hashem Pesaran & TengTeng Xu, 2012. "China's Emergence in the World Economy and Business Cycles in Latin America," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Spring 20), pages 1-75, January.
    2. C. Fred Bergsten & Bates Gill & Nicholas R. Lardy, 2006. "China: The Balance Sheet What the World Needs to Know Now about the Emerging Superpower," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa04648, October.
    3. Mesquita Moreira, Mauricio, 2007. "Fear of China: Is There a Future for Manufacturing in Latin America?," World Development, Elsevier, vol. 35(3), pages 355-376, March.
    4. Yongzheng Yang, 2003. "China'S Integration Into the World Economy: Implications for Developing Countries," IMF Working Papers 2003/245, International Monetary Fund.
    5. World Bank, 2009. "China - From Poor Areas to Poor People : China’s Evolving Poverty Reduction Agenda - An Assessment of Poverty and Inequality in China," World Bank Publications - Reports 3031, The World Bank Group.
    6. Daniel Lederman & Marcelo Olarreaga & Guillermo E. Perry, 2009. "China's and India's Challenge to Latin America : Opportunity or Threat?," World Bank Publications - Books, The World Bank Group, number 2591, December.
    7. World Bank, "undated". "Latin America and the Caribbean's Long-Term Growth," World Bank Publications - Reports 26674, The World Bank Group.
    8. Jenkins, Rhys & Peters, Enrique Dussel & Moreira, Mauricio Mesquita, 2008. "The Impact of China on Latin America and the Caribbean," World Development, Elsevier, vol. 36(2), pages 235-253, February.
    9. Rodríguez-Clare, Andrés & Devlin, Robert & Estevadeordal, Antoni, 2006. "The Emergence of China: Opportunities and Challenges for Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 421.
    10. World Bank, "undated". "Globalized, Resilient, Dynamic," World Bank Publications - Reports 27782, The World Bank Group.
    11. Mesquita Moreira, Mauricio, 2007. "Fear of China: Is There a Future for Manufacturing in Latin America?," World Development, Elsevier, vol. 35(3), pages 355-376, March.
    12. Harry G. Broadman, 2007. "Africa's Silk Road : China and India's New Economic Frontier," World Bank Publications - Books, The World Bank Group, number 7186, December.
    13. Richard L. Bernal, 2013. "Globalization, Trade, and Economic Development," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-35631-4, December.
    14. Calderón, César & Casacuberta, Carlos & Castro, Lucio & Cravino, Javier & Feenstra, Robert C. & Freund, Caroline & Gandelman, Néstor & Hanson, Gordon H. & Kee, Hiau Looi & Lederman, Daniel & Olarreaga, 2009. "China's and India's Challenge to Latin America: Opportunity or Threat?," IDB Publications (Books), Inter-American Development Bank, number 357.
    15. Andrés Rodríguez-Clare & Robert Devlin & Antoni Estevadeordal, 2006. "The Emergence of China: Opportunities and Challenges for Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 79458 edited by Andrés Rodríguez-Clare & Robert Devlin & Antoni Estevadeordal, February.
    16. Jenkins, Rhys Owen, 2011. "The "China effect" on commodity prices and Latin American export earnings," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    17. Daniel Lederman & Marcelo Olarreaga & Guillermo E. Perry, 2009. "China's and India's Challenge to Latin America : Opportunity or Threat?," World Bank Publications, The World Bank, number 2591, September.
    18. repec:idb:brikps:60038 is not listed on IDEAS
    19. De Groot, Olaf & Pérez Ludeña, Miguel, 2014. "Foreign direct investment in the Caribbean: Trends, determinants and policies," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 36620, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arteaga, Julio César & Cardozo, Mónica Liseth & Diniz, Márcia Jucá T., 2020. "Exports to China and economic growth in Latin America, unequal effects within the region," International Economics, Elsevier, vol. 164(C), pages 1-17.
    2. Peter J Buckley & L Jeremy Clegg & Hinrich Voss & Adam R Cross & Xin Liu & Ping Zheng, 2018. "A retrospective and agenda for future research on Chinese outward foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(1), pages 4-23, January.
    3. Munjal, Surender & Varma, Sumati & Bhatnagar, Ankur, 2022. "A comparative analysis of Indian and Chinese FDI into Africa: The role of governance and alliances," Journal of Business Research, Elsevier, vol. 149(C), pages 1018-1033.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Débora Bellucci Módolo & Celio Hiratuka, 2017. "The impact of Chinese competition on third markets: An analysis by region and technological category," Development Policy Review, Overseas Development Institute, vol. 35(6), pages 797-821, November.
    2. Yue Lin, 2018. "Post-crisis China impact on trade integration and manufacturing competitiveness between Argentina and Brazil," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 16(2), pages 147-170, April.
    3. Sargent, John & Matthews, Linda, 2009. "China versus Mexico in the Global EPZ Industry: Maquiladoras, FDI Quality, and Plant Mortality," World Development, Elsevier, vol. 37(6), pages 1069-1082, June.
    4. Adrian Wood & Jörg Mayer, 2011. "Has China de-industrialised other developing countries?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 147(2), pages 325-350, June.
    5. Rhys Jenkins, 2008. "China's Global Growth and Latin American Exports," WIDER Working Paper Series RP2008-104, World Institute for Development Economic Research (UNU-WIDER).
    6. Patricio Jaramillo & Sergio Lehmann & David Moreno., 2009. "China, Precios de Commodities y Desempeño de América Latina: Algunos Hechos Estilizados," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 46(133), pages 67-105.
    7. L. Alan Winters & Shahid Yusuf, 2007. "Dancing with the Giants: China, India, and the Global Economy," World Bank Publications - Books, The World Bank Group, number 6632, December.
    8. Iacovone, Leonardo & Rauch, Ferdinand & Winters, L. Alan, 2013. "Trade as an engine of creative destruction: Mexican experience with Chinese competition," Journal of International Economics, Elsevier, vol. 89(2), pages 379-392.
    9. Barbara Kotschwar, 2014. "China's Economic Influence in Latin America," Asian Economic Policy Review, Japan Center for Economic Research, vol. 9(2), pages 202-222, July.
    10. Rhys Jenkins, 2008. "Measuring the Competitive Threat from China for other Southern Exporters," The World Economy, Wiley Blackwell, vol. 31(10), pages 1351-1366, October.
    11. Kevin Gallagher & Roberto Porzecanski, 2009. "China and the Latin America Commodities Boom: A Critical Assessment," Working Papers wp192, Political Economy Research Institute, University of Massachusetts at Amherst.
    12. André Moreira Cunha & Julimar Da Silva Bichara & Marcos Tadeu Caputi Lélis & Julien Marcel Demeulemeester, 2016. "Brazil´S Development Pattern In A Sino-Centred World: An International Political Economy Perspective," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 079, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    13. Yoke Fong Kong & Richard Kneller, 2016. "Measuring the Impact of China's Export Growth on its Asian Neighbours," The World Economy, Wiley Blackwell, vol. 39(2), pages 195-220, February.
    14. Alexandra Sotiriou & Andrés Rodríguez-Pose, 2021. "Chinese vs. US Trade in an Emerging Country: The Impact of Trade Openness in Chile," Journal of Development Studies, Taylor & Francis Journals, vol. 57(12), pages 2095-2111, December.
    15. Lora, Eduardo, 2005. "Should Latin America Fear China?," IDB Publications (Working Papers) 4367, Inter-American Development Bank.
    16. Manning, Stephan & Ricart, Joan E. & Rosatti Rique, Maria Soledad & Lewin, Arie Y., 2010. "From blind spots to hotspots: How knowledge services clusters develop and attract foreign investment," Journal of International Management, Elsevier, vol. 16(4), pages 369-382, December.
    17. Rhys Jenkins, 2008. "Measuring the Competitive Threat from China," WIDER Working Paper Series RP2008-11, World Institute for Development Economic Research (UNU-WIDER).
    18. Ludovic Gauvin & Cyril C. Rebillard, 2018. "Towards recoupling? Assessing the global impact of a Chinese hard landing through trade and commodity price channels," The World Economy, Wiley Blackwell, vol. 41(12), pages 3379-3415, December.
    19. Mustafa Çakir & Alain Kabundi, 2017. "Transmission of China's Shocks to the BRIS Countries," South African Journal of Economics, Economic Society of South Africa, vol. 85(3), pages 430-454, September.
    20. Edwards, Lawrence & Jenkins, Rhys, 2014. "The margins of export competition: A new approach to evaluating the impact of China on South African exports to Sub-Saharan Africa," Journal of Policy Modeling, Elsevier, vol. 36(S1), pages 132-150.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:worlde:v:38:y:2015:i:9:p:1409-1437. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0378-5920 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.