The Impact of China in the Global Market: from the Admission to the Wto to the Implications for Latin America

The purpose of this article is to analyze the effects of the full admission of China to the global market, a political-economic opening and insertion process which with the admission for the World Trade Organization (WTO) is a key factor that makes it possible to explain the growing trend of China’s commercial positioning in both the markets of developed countries and non traditional export markets. Amazingly, this extension of China’s positioning in the international economy is also seen in the financial sphere to an extent that Chinese investments abroad have produced an impact in the international capital market. This double impact has very important implications for Latin American economy. In this sense, this work gets inside the political-economic relationships and tensions produced by the presence of China in countries which supply oil and raw materials not only modifying in this way the perspectives of supplies markets at an international level but also conditioning the design and implementation of economic policies to serve the goals for national development in each case studied.