Retrieved
Interestingly, China’s presence in LAC has been guided by pragmatism and not by ideological motive. The changing nature of partnership amid the Covid-19 pandemic has opened up new vistas through Chinese medical aid that could build a new world order even while no new loans were granted to the region in 2020 reflecting recovery efforts of its economy. Apprehensions about China challenging the presence of the US are allayed because both of them have competence in different fields and engage with a different focus on countries. The relations come with a fair degree of scepticism. Alicia Barcena, Executive Secretary of ECLAC is apprehensive that greater Chinese investment in high-technology sectors would entail a structural change in the region, ultimately leading to debt-trap diplomacy. The other unease is around the emergence of another variant of Import-Substitution Industrialisation through “reindustrialisation” of LAC and perhaps another “lost decade”. By Aprajita Kashyap. Full Text -> SundayGuardianLive
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