Ecuador: Del Financiamiento de las Instituciones de Bretton Woods al Financiamiento de China, 2007-2012

The financial crisis that started in 2007, deeply transformed the international financial system which cause important effects and repercussions in Latin America. The restriction and tightening to external loan conditions which had states sovereign guarantees given by Latina America and Caribbean countries to Bretton Woods financial institutions, evidence the real scope of the international financial crisis. This situation was presented as an opportunity for Chinese banks, and based on the certainty that China was consider as the second large economy, they were able to finance energy generating and mining projects in Latin America. The approach between China and Latin America was based on the interest the Chinese giant had for energy supply that came from oil and other minerals in order to support their industrial sector to guarantee the Chinese´s economic growth, development and industrialization. In terms of diplomacy and foreign relations, the proximity of China with Latin America, was given and pursuant with five basic principles which is consider as a transverse axis in the actual Chinese foreign policy, which are: i) Mutual respect for the sovereignty and territory integrity; ii) Non-aggression mutual deal; iii) Non-interference in other countries internal issues; iv) equality and mutual advantage; and, v) peaceful coexistence between countries. These principles also applied to the conditions to access the international loans, and were gladly accepted by Latin America countries, because those conditions were different from the ones impose by Bretton Woods institutions.

• Autor principal: Barahona Lema, Verónica Soledad (author)
• Format: masterThesis
• Idioma: spa
• Publicat: 2016
• Matèries: CRÍSIS FINANCIERA; CRECIMIENTO ECONÓMICO; POLÍTICA EXTERIOR; RELACIONES INTERNACIONALES
• Accés en línia: http://repositorio.iaen.edu.ec/handle/24000/5179