THE RISE OF CHINA, CHANGES IN THE CAPITALIST WORLD-ECONOMY AND IMPACTS TO TRADE PATTERNS IN LATIN AMERICA

Abstract

This article seeks to developed the concept of capitalist world-economy in order to demonstrate its analytical potential for understanding the transformation of the “global economy” before and after the 2008 crisis. This theoretical approach is key for understanding the trade patterns developed between China and some central and peripheral regions in the period 2000-2016. Its main purpose is to stress the unfolding of different trade patterns in the countries of Latin America. The rise of China and the models of international integration of these countries have led to a process of disintegration and fragmentation of Latin America at least in economic terms, thus bringing about new dilemmas for the development of the region.

Keywords

• capitalism
• globalization
• rise of china
• development
• regional integration