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China and the change of the energy matrix in Latin America: a global political economy approach

Author

Listed:
  • Oscar Ugarteche

    (Instituto de Investigaciones Económicas UNAM, SNI III/CONACYT, Coordinator Observatorio Económico Latinoamericano OBELA.)

  • Carlos De León

    (Intern, Instituto de Investigaciones Económicas UNAM, member Observatorio Económico Latinoamericano OBELA.)

Abstract

China is leading the global change in the energy matrix and mainly Latin America.This change questions the position and leadership of the United States in general andparticularly in Latin America. Evidence shows that the United States lags in energy changein technical and institutional terms and is anchored heavily in dirty energy. Evidence alsoindicates that the US is not allowing China to advance in the region quickly. Power generationfrom renewable energy sources is rising, with China leading in solar equipment andhydroelectric dams while buying out electric distribution networks from US firms. The consequencesfor the global economy will be felt on many fronts, from the balance of trade sign change and decreased inflation to currency realignments and power reshuffle as oil pricescollapse. JEL Classification: F6; O1; F18; F5; O36; O38.

Suggested Citation

  • Oscar Ugarteche & Carlos De León, 2022. "China and the change of the energy matrix in Latin America: a global political economy approach," Brazilian Journal of Political Economy, Center of Political Economy, vol. 42(2), pages 442-459, May.
    • Handle: RePEc:ekm:repojs:v:42:y:2022:i:2:id:95005
    DOI: 10.1590/0101-31572022-3203
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    Keywords

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    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F18 - International Economics - - Trade - - - Trade and Environment
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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