Description |
1 online resource (xx, 390 pages) : illustrations |
Contents |
Introduction: China's Latin American bankers -- The emergence of Chinese patient capital -- Globalizing patient capital : a theoretical framework -- The political economy of Chinese finance -- Chinese financing and Latin American fiscal space -- Public procurement's check on fiscal expansion -- International loans with commercial strings attached -- Conclusion : a dynamic creditor-debtor relationship |
Summary |
China's overseas financing is a distinct form of patient capital that marshals the country's vast domestic resources to create commercial opportunities internationally. Its long-term risk tolerance and lack of policy conditionality has allowed developing economies to sidestep the fiscal austerity tendencies of Western markets and multilaterals. Employing statistical tests and extensive field research across China and Latin America, Stephen Kaplan finds that China's patient capital endows national governments with more room to maneuver in formulating domestic policies. The author goes on to evaluate the potential costs of Chinese financing, raising the question of how Chinese lenders will react to developing nation's ongoing struggles with debt and dependency. By disaggregating the structure of international finance, Globalizing Patient Capital has significant implications for the rise of China in Latin America, offering new insights about globalization and showing the costs and benefits of state versus market approaches to development |
Bibliography |
Includes bibliographical references and index |
Notes |
Description based on online resource; title from digital title page (viewed on September 21, 2021) |
Subject |
Investments, Chinese -- Latin America
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Banks and banking, Chinese -- Latin America
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Capital investments -- China
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Capital investments -- Latin America
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Economic development -- Latin America
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Globalization -- Economic aspects
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globalism.
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Banks and banking, Chinese
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Capital investments
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Economic development
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Economic policy
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Globalization -- Economic aspects
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International economic relations
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Investments, Chinese
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SUBJECT |
Latin America -- Foreign economic relations -- China
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China -- Foreign economic relations -- Latin America
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China -- Economic policy -- 2000-
http://id.loc.gov/authorities/subjects/sh00001557
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Latin America -- Economic policy
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Subject |
China
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Latin America
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Form |
Electronic book
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LC no. |
2020058125 |
ISBN |
9781316856369 |
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1316856364 |
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