Carrots or sticks? Analyzing the application of US economic statecraft towards Latin American engagement with China

Datos Bibliográficos

ID3017482
AutoresJulieta Zelicovich (0000-0002-8524-9002, National University of Rosario, autor de correspondencia), Priscilla Yamin (0000-0002-9964-3430, Universidad Torcuato Di Tella)
Año2024
Volumen66
Número4
Páginas58-77
Fecha de publicación2024-11-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaLatin American Politics and Society (JOURNAL)
Identificadores de la revistaISSN: 1531-426X • E-ISSN: 1548-2456
EditorialCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/lap.2024.9
OpenAlexW4396222651
IdiomaEN
Citas recibidas6
Referencias citadas40

Geopolitical competition between the United States and China has led to an increased reliance on economic statecraft. In this context, understanding the conditions that trigger trade, aid, or investment weaponization becomes crucial. This article examines how the United States has employed economic statecraft in response to Latin American countries' engagement with China. The study revisits the theoretical debate on positive and negative economic statecraft and proposes a mechanism that identifies the conditions under which "carrots" or "sticks" are more likely to be employed. We argue that the US response towards Latin American countries' engagement with China tends to prioritize economic engagement over economic coercion, particularly when dealing with countries that are politically and economically aligned with Washington policies. To test our argument, we adopt a mixed-methods approach. First, we conduct a case study analysis on the United States-Panama relationship. Second, we perform a statistical analysis to assess the impact of economic engagement with China on the allocation of American foreign assistance in the region

China · Development economics · Economics · Latin Americans · Political science · Global trade and economics · International Development and Aid