Political economy of China and US value chains in Latin America

نویسندگان

چکیده

In this paper, I aim to provide empirical evidence about how an efficient integration into global value chains can promote economic growth through industrial upgrading and prevention of external imbalances in Latin America (LATAM). define US-China political economics region for the period from 1998 2015. The research uses TiVA raw data that obtained UNCTAD-EORA database US, China, nine major economies LATAM. development has brought unprecedented alternatives commercial alliances strategies developing countries. An effective LATAM onto forward linkages or increases indirect added (DVX) strengthen both their manufacturing industries achieve macroeconomic goal long-term growth. China as world’s fastest growing economy when trade is measured by stimulated throughout several countries within ASEAN+3, EU -13, since 1998. However, strategic competition with US prevented further expanding its chain Therefore, whole endures a peripherical position relation chains, it still too reliant on lower value-added investments extractive industries. Yet strengthening exchanges along critical broadening sound sustainable

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ژورنال

عنوان ژورنال: Journal of business

سال: 2022

ISSN: ['2380-4041', '2380-405X']

DOI: https://doi.org/10.21678/jb.2022.2031