The China Triangle: Latin America's China Boom and the Fate of the Washington Consensus

In less than a quarter century, China has gone from one of the poorest to one of the largest economies in the world. As China grew from a rural economy to the largest industrial powerhouse since the Industrial Revolution, it demanded more and more steel for factories and new cities, copper for electronic wires, petroleum for cars and manufacturing plants, and soybeans to feed people and cattle in a country with an increasing standard of living and diversified diet. Many Latin American countries rode China's coattails and prospered. From the turn of the century when China entered the World Trade Organization until 2013, Latin America served as a strategic location that supplied China with these primary commodities and more, allowing it to log one of the region's most impressive periods of economic growth in a fifty years. In The China Triangle, Boston University political economist Kevin P. Gallagher argues that Latin American nations have little to show for riding the coattails of the "China Boom" and now face significant challenges for the next decades as China's economy slows down and transforms itself in a variety of ways. While the region saw significant economic growth due to China's rise over the past decades, Latin Americans saved very little of the windfall profits it earned while the region saw a significant hollowing of its industrial base. What is more, commodity-led growth during the China boom reignited social and environmental conflicts across the region. Scholars and reporters have covered the Chinese expansion into East Asia, Southeast Asia, Australasia, Africa, the US, and Europe. Yet China's penetration Latin America is as little understood as it is significant. Gallagher provides a clear overview of China's growing economic ties with Latin America and points to ways that Latin American nations, China, and even the United States can act in order to make the next decades of China-Latin America economic activity more prosperous for all involved.

Table of Contents:
Chapter 1: The China Triangle Chapter 2: A Tale of Two Globalizations Chapter 3: Winning the China Lottery Chapter 4: Yuan Diplomacy Chapter 5: Back to the 19th Century? Chapter 6: The Dragon's Footprint Chapter 7: Saving the China Boom Chapter 8: Navigating the China Triangle

About the Author :
Kevin P. Gallagher is a Professor of Global Development Policy at Boston University's Pardee School for Global Studies, where he co-directs the Global Economic Governance Initiative. He has been a visiting scholar at Johns Hopkins University, Tsinghua University, and the Center for the State and Society in Argentina. Gallagher has authored and edited more than ten books and writes frequently in the Guardian, Financial Times, Al-Jazeera, and beyond.

Review :
"As professor at Boston University's Frederick S. Pardee School for Global Studies, he has established himself as one of the most prolific and widely quoted economists in this field, and The China Triangle attests to that reputation...The book sums up much of his work over the past several years and as such presents a good overview of the opportunities and challenges that China's growing economic involvement presents for the countries of Latin America. It also offers a series of broad macroeconomic policy recommendations for how those countries and their primary patron and partner, the United States, ought to address those challenges in the future." -- Benjamin Creutzfeldt, China Review International "A well-written and insightful analysis of the economic ties between China, Latin America, and the United States that will be of interest to academics..." -- Library Journal "Kevin Gallagher's The China Triangle adds much to a profusion of books on China-Latin America relations."--Nature