The Cipher Brief: Broadly speaking, how do you view China’s increased involvement in Latin America? Is it a good thing for Latin America? The U.S.?
Kevin Gallagher: China’s increased economic involvement is very good for Latin America. China came to the rescue of the region after the global financial crisis dried up demand for Latin American products in the region’s traditional export destinations in the United States and Europe. That new Chinese demand helped spark the largest run of economic growth in the region since the 1970s. This is also good for the United States, because a growing Latin America is a more stable one and one that demands more U.S. products. Challenges abound, of course.
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