This week’s featured graphic maps the geographic distribution of the Asian Infrastructure Investment Bank and New Development Bank lending (approved loans) as of October 2020. For more on China, Multilateral Banking and Geopolitics, read Chris Humphrey and Linda Maduz’s CSS Analysis in Security Policy here.
This graphic outlines the US national defense and international affairs budget from 1990-2019. To find out more, click here to read Jack Thompson’s Strategic Trends 2018 chapter on how the US is struggling to manage external challenges as well as domestic constraints, such as the underfunding and mismanagement of the military and diplomatic corps.
This graphic outlines the US national defense and international affairs budget from 1990-2019. To find out more, click here to read Jack Thompson’s Strategic Trends 2018 chapter on how the US is struggling to manage external challenges as well as domestic constraints, such as the underfunding and mismanagement of the military and diplomatic corps. For more CSS charts, maps and graphics on defense policy, click here.
This Expert Commentary was published by the Elcano Royal Institute on 11 July 2016. It also appeared in the discussion paper “EU-China Relations: New Directions, New Priorities” by Friends of Europe.
China’s re-emergence over the last few decades coincides chronologically with the process of diversification in Latin America’s pattern of international insertion. We have witnessed Beijing grow from a marginal factor in Latin America, to become a key player in shaping the evolution of countries in the region and their process of regional integration. Deepening relations with non-traditional partners has opened a more pluralistic scenario for Latin American countries, extending the range of their international cooperation options in all spheres.
The economic dimension of Chinese-Latin American relations has blossomed in the areas of trade and finance. Beijing has become the second largest trade partner and the main source of international public finance for Latin America. With that being said, the economic development of some Latin American countries is so dependent on the performance of the Chinese economy that a fall of one percentage point in the growth rate of Chinese GDP would reduce Latin American growth by 0.6%, according to the World Bank. Therefore, it is particularly relevant to analyse whether engagement with China is healthy for the economic development of Latin America or not.
One in five African states produce hydrocarbons, and most of these are heavily dependent on oil and gas revenues to finance their governments and generate foreign exchange. Further, an emerging group of East African states are waiting on international oil companies to develop new oil and gas reserves. But Africa’s record using non-renewable oil and gas resources to trigger economic and social development is poor – and plummeting prices may portend more instability to come.