The contemporary international scenario calls for regionalisms that are appropriate to the political reality of states. The construction of a region is not limited to the dominant vision promoted by the West and the European Union (EU) model. Eurasian and Latin American integration projects and their transcontinental relationship have become more dynamic recently. The People's Republic of China (PRC) and the Russian Federation are key actors in this process. Contemporary multilateralism is heterogeneous and bipolar.
Foreign Direct Investment
China is an increasingly important partner for the countries of the region, now in trade and investment, especially in energy in South America. China's foreign direct investment (FDI) in electricity distributors in the region is noteworthy.
Despite the dominant U.S. influence in Latin America, China is slowly increasing its economic relationship with the entire region. Its economic expansion strategy is divided into three: trade flows; capital flows in the form of FDI; and the novelty is the establishment of productive enclaves.
China's presence in Latin America is a challenge to the U.S. domination of the region that it has maintained throughout the twentieth century with invasions and economic policies that have retarded growth to levels never recorded since macroeconomic data were available.