The Belt and Road Initiative and its Impact on Latin American Connectivity: A Case Study from Chile and Peru

Authors

DOI:

https://doi.org/10.11606/issn.1676-6288.prolam.2022.200142

Keywords:

Regional and Global Connectivity, China, Belt and Road Initiative, International Trade, Investments

Abstract

Since its launch in 2013, the Belt and Road Initiative (BRI) has boosted investments in large infrastructure projects that promote new trade and investment flows between China and the countries receiving its capital. This article aims to analyze how the BRI has produced, specifically, greater regional and global connectivity from Latin America and the Caribbean (LAC) — a region that is an important link in the initiative and that, until July 2022, had 21 participating countries. In order to do so, the authors empirically examined the experience of two countries that acceded to the initiative, Chile and Peru, in order to understand whether Chinese investments have impacted their connectivity to neighboring countries and other global regions, starting from the understanding of the concept of connectivity as a three-pronged phenomenon that encompasses investment, trade and legal regulation dynamics. The article concludes that there is an increase in regional connectivity of the participating countries in the region via greater regional and global trade flows with China. However, such results cannot be attributed to the official adhesion of countries in the initiative, especially when it comes to connectivity in legal aspects and physical infrastructure.

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Author Biographies

  • Maria Eugênia Kroetz, Fundação Getúlio Vargas. Escola de Direito

    Doutoranda e mestre em Direito e Desenvolvimento pela Escola de Direito da FGV São Paulo – agraciada pela Bolsa Mário Henrique Simonsen. Advogada em Hapner e Kroetz Advogados. Bacharel pela Universidade Federal do Paraná (UFPR). Vinculada ao Núcleo de Direito Global e Desenvolvimento da Fundação Getulio Vargas (FGV-SP) e ao Center for Global Trade and Investment Studies - WTO Chair Programme. E-mail: mekroetz@gmail.com.

  • Marco André Germanò, Universidade de São Paulo. Faculdade de Direito

    Marco Germano is a Master Candidate in International Law at the University of São Paulo (USP) and in Chinese Law and Studies at the University of Peking (Yenching Scholar). Associate Researcher of the "China, Law and Development" project at the Faculty of Oriental Studies at the University of Oxford. Linked to the Center for Global Law and Development of Fundação Getulio Vargas (FGV-SP) and the Center for Law, Globalization and Development of the Federal University of Rio Grande do Sul (UFRGS). CV Lattes: https://lattes.cnpq.br/2609506820564399. ORCID: https://orcid.org/0000-0003-4106-816X. Email: marco.rgermano@gmail.com

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Published

2022-12-31

Issue

Section

Artigos

How to Cite

Kroetz, M. E., & Germanò, M. A. (2022). The Belt and Road Initiative and its Impact on Latin American Connectivity: A Case Study from Chile and Peru. Brazilian Journal of Latin American Studies, 21(44), 20-47. https://doi.org/10.11606/issn.1676-6288.prolam.2022.200142