The Social Impact of the Commercial Trade Between China and Latin America: Toward the Reformulation of Exchanges

Abstract

The Economic Commission for Latin America and the Caribbean (ECLAC) drew up a document that presents the context in which commercial relations between China and Latin America and the Caribbean (LAC) are developing. The challenge for both regions is not to repeat the story that so many developing countries have suffered participating as peripheral countries compared with those considered as the most industrialized in the world. Real and virtual globalization have contributed toward the spreading of a fundamental vision that proposes there is only one economic policy possible: to satisfy the expectation of those who make the decisions in the global scenario. Any attempt to follow alternative strategies will lead to unrest and the marginalization of the world economy. This “virtual globalization” is where developing countries suffer from the influence of demands for profit by the economic agents linked to yields obtained by the financial sector. This stage, far from being exempt from forms of intervention agreed to previously, also marks a disinterest toward the people of developing nations.