Between dependency and cooperation: what China’s activities in Brazil’s energy sector tell us about the new international economic centre

Prado Silva, Eduardo (2021) Between dependency and cooperation: what China’s activities in Brazil’s energy sector tell us about the new international economic centre. Masters thesis, Memorial University of Newfoundland.

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Abstract

After 2010, there was a spike in China-Brazil (and Latin America) economic relations. The level of trade and investment coming from the Asian country reached unseen levels. Although the two groups of scholars analyzing this new phenomenon – dependency and south-south cooperation – provided a substantial understanding about it, they left some unanswered gaps. The two main gaps this work engages with are: 1) the lack of understanding about the role state-owned enterprises play in creating dependency or cooperation; 2) the lack of a specific analysis about investments in infrastructure, particularly in energy. To cover these gaps, this work provides an analysis of China Three Gorges and State Grid (two Chinese state-owned enterprises) in Brazil’s energy sector, which revealed the possibility of dependency and cooperation to coexist.

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