This thesis explores Panama’s relations with the US and China, across history and more specifically in the 21st century, through a neorealist lens. Neorealist assumptions are applied to the case,...Show moreThis thesis explores Panama’s relations with the US and China, across history and more specifically in the 21st century, through a neorealist lens. Neorealist assumptions are applied to the case, and Panama’s bandwagoning and balancing strategies with the US and China are discussed as observed by historical trends and economic data such as Foreign Direct Investment (FDI), trade (Panamanian exports and imports from/to the US and China), foreign aid statistics, bilateral agreements, and diplomatic statements by high officials on economic and security issues. The study finds that China’s hegemonic rise in Panama-China relations represents merely an indication of China’s potential to be a long-term hegemonic challenger to US hegemony, and does not signify a shift in hegemony. Panama is seen to balance and bandwagon with both the US and China, choosing alignment depending on the perceived economic gains involved and potential threats to survival. Panama balances with their long-standing ally and regional hegemon, the US, to foremost secure survival in the long-term while in the short-term Panama bandwagons with China for economic gains. Panama’s consideration of China as alternative to the US as a greater power for alignment demonstrates China’s hegemonic character in LAC. Nonetheless, this case study shows that the US maintains its primacy and superiority as a hegemon due to its strong historical ties and yet unrivaled economic and military capacity.Show less
China has established an interconnected bond with Latin American ans Caribbean states, with a strong presence in macroeconomic policies and funding infrastructure. A partnership that goes beyond...Show moreChina has established an interconnected bond with Latin American ans Caribbean states, with a strong presence in macroeconomic policies and funding infrastructure. A partnership that goes beyond economic transactions, is the relationship with China and Latin America. Brazil being a large state, membership of the BRICS and having international exposure with the Global South and the Global; has offered them to be the perfect target for geopolitical strategy. By this China has taken advantage of this distinctive feature, as they slowly form a new Global hierarchy during the Pink Tide.Show less
Throughout the 20th century the region of Latin America has been widely influenced by external actors such as the United States or international organizations, like the IMF or the World Bank. The...Show moreThroughout the 20th century the region of Latin America has been widely influenced by external actors such as the United States or international organizations, like the IMF or the World Bank. The influences of those actors gave rise to “dependency theory”, which highlights the inequalities between more powerful actors of the so-called “center” of the world and those of the “periphery”. As a response, Latin American countries have engaged in different attempts to decrease the influence of those external actors, while increasing their own. In the early 2000s, due to changes in its foreign policy, the focus of the United States on Latin America has decreased. The risen gap has allowed the recently grown superpower China to focus on the region. Consequently, the East-Asian country has become the first or second biggest trade partner for states like Argentina, Brazil, Chile, Ecuador, Mexico or Venezuela. Next to the risen trade other bilateral relations, such as investments, combined attempts of development and political relations, have increased. While there are several apparent benefits for both sides, criticism has been voiced regarding a new version of dependency on China replacing that towards the United States. However, such criticism has mainly focused on assessing the international relations between China as a state and Latin America as an entire region. Therefore, by addressing the rising dependency, this paper will show that, in regard to Sino-Latin American relations, the region of Latin America cannot be analyzed as a whole but has to be divided into its nation states. By comparing the two case studies Chile and Venezuela and their respective relations with China the varying levels of dependency between China and different Latin American states will be portrayed.Show less
