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Wednesday, April 6, 2011

Professor gives lecture on Chinese, Latin American economics

On April 1, associate professor of political science and comparative politics Jose de Arimateia da Cruz presented "The Chinese in Latin America: The Commodity Lottery Winners and Losers," a lecture on the effects of Chinese economic influence in Latin America.

The main focus of de Arimateia da Cruz's lecture was the world's response to the growing Chinese economy. Many people are starting to worry that China may grow into a threat. Most people who are excited for China's economic growth are in developing countries.

De Arimateia da Cruz said the Chinese have worked hard to rebuild their economy. From 1950-1976, the Chinese government increased overall industry, focused on education and created special economic zones to promote investment.

While the Chinese government has done a lot of work economically, there is still much to be done, de Arimateia da Cruz said.

"Although China is expanding exponentially, we still have a long way to go, civilly especially," said Teresa Winterhalter, associate professor of English and director of women's studies. "Despite their expanding, there are still thousands in sweatshops."

Assistant Professor of criminal justice Becky da Cruz agreed.

"Don't forget about the censorship of the Internet," da Cruz said. "For all their changes, they still have a long way to go."

Although they are rapidly extending their influence, most places don't see China's economic occupancy as a threat. Neither do the Chinese see themselves as threats, but as business partners, de Arimateia da Cruz said.

China's presence in Latin America is rapidly growing due to its unique business strategy — offering foreign benefits, low cost imports and giving developing countries higher profiles in the global economic system. China has become, as de Arimateia da Cruz said, the economic Wal-Mart of the world.

De Arimateia da Cruz said, in China's eyes, its new economic system promotes peace and development. China will become one of the world's superpowers, not replacing the United States but standing next to it. So far, a lot of the way a country feels about China has to do with that country's economics. China imports vast amounts of raw materials, which Latin America is abundant in. Countries that have labor-intensive economies are in direct competition with China.

Due to this, China frequently trades with Cuba, Trinidad and Tobago, and North African countries. China is in constant economic competition with Mexico.

At the end of the lecture de Arimateia da Cruz remained and answered all of the numerous questions that were posed to him.

Attendee Christina Piva said de Arimateia da Cruz was knowledgeable, concise and patient.

"It's quite nice of him to stay and answer all of these questions, despite it being so far past his scheduled time to present," she said.

Due to the enthusiastic feedback and questions from his audience, de Arimateia da Cruz said he felt the lecture went well.

"The rise of the Chinese is nothing to fear," he said. "It is important to educate people on things like these. The last thing we want is misconception leading to more violence and wars."

Source: http://www.theinkwellonline.com

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