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Revista de Economia Contemporânea
Print version ISSN 1415-9848
CUNHA, André Moreira; LELIS, Marcos Tadeu Caputi and BICHARA, Julimar da Silva. Brazil as a mirror of China: new trends after the global financial crisis. Rev. econ. contemp. [online]. 2012, vol.16, n.2, pp. 208-236. ISSN 1415-9848. http://dx.doi.org/10.1590/S1415-98482012000200003.
This paper analyses how China's response to the global financial crisis (GFC) has affected Latin American countries, particularly Brazil. We argue that, despite the intentions of a growth model re-orientation, Chinese policymakers' response to the GFC, at least in the short and medium terms, will reinforce the previous reliance on exports and investments. Considering the sluggish recovery in advanced economies, that strategy will amplify Chinese pressures to access dynamic domestic markets in emerging countries. In this context, Latin America will represent not only a source of natural resources, but also an increasingly important market for Chinese manufactured products. As a result, countries with more diverse productive might experience a regressive pattern of specialization.
Keywords : China; Brazil; global financial crisis; development.