China and Asia-Pacific in Globalization: Trends and Opportunities for Peru
In 2021, when Peru celebrated the bicentenary of its independence, it also marked 50 years of diplomatic relations with the People’s Republic of China. This milestone raises important questions. What is on the agenda for this relationship in the coming decades? What should our priorities in Asia-Pacific be? Both questions are connected given how central Peru’s economic relations with China are to its inclusion in the region. To formulate proposals that address these matters, the present study contributes insights into the transformation of the Chinese economy and its future direction, as well as its international economic strategy. Moreover, a comparative analysis is presented of Peru and the Asian and Oceanic APEC member states across a range of indicators of competitiveness and productivity, in order to inform Peru’s relations with China—and the Asia-Pacific region–and, in turn, facilitate structural change in the country. Finally, the study analyzes how China and Asia-Pacific are considered in national strategic planning, and identifies a significant weakness: a lack of specifics about how Peru seeks to position itself in the global economy, which has repercussions on its economic projection towards China and Asia-Pacific. Defining this vision of global economic inclusion, and the means of realizing it, remains an outstanding task. Thus, the conclusions of this study may be useful for advancing on this front with regard to China and the Asian Pacific economies.
- Center for China and Asia-Pacific Studies