The main topic of the article is the Chinese economic rise in South America and how the experiences of that region can be useful for Serbia in its relations with great powers. Over the past 25 years, China has become the largest trading partner of most South American countries, surpassing the United States, which traditionally considered the Western Hemisphere its sphere of influence. China’s investment approach is characterized by not imposing political conditions, openness to technology transfer, flexibility in debt repayment, and not imposing its value system. However, there are challenges, such as the engagement of Chinese companies that profit in South America, lack of adherence to environmental standards, and influence on the foreign policies of countries. Analyzing Chinese strategies in South America can help Serbia improve its tactics towards Chinese investments and the broader US-China rivalry.
Political Perspectives:
Left: Left-leaning sources emphasize the geopolitical implications of China’s rise in South America as a challenge to US hegemony and highlight the benefits of China’s non-interventionist investment approach, which contrasts with Western conditionalities. They also point out the environmental and social challenges posed by Chinese investments, advocating for sustainable and equitable development.
Center: Centrist sources provide a balanced view, acknowledging China’s significant economic influence in South America and its pragmatic investment strategies. They note both the opportunities for economic growth and the challenges such as environmental concerns and the need for careful diplomatic balancing between China and the US.
Right: Right-leaning sources focus on the strategic threat posed by China’s expansion into what has traditionally been considered the US sphere of influence. They emphasize the risks of dependency on Chinese investments, potential erosion of Western values, and the need for Serbia and other countries to be cautious in their engagement with China.
