China in the Caribbean's Economic Future

Delisle Worrell
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Abstract

The remarkable surge in Chinese economic productivity, especially since the turn of the century, has been of material benefit to every economy in the world trading system, and the Caribbean has shared in those benefits. The most substantial benefit to the Caribbean from the relationship with China has been via the purchase of more affordable products made in China or made with Chinese inputs. The Caribbean has secured additional imports that may be of the order of five to ten per cent, compared with what the same money would have bought from alternative sources. This benefit may not increase in the future, and may well decline, if the anti-globalisation sentiment now sweeping across many Western nations is not reversed in the near future, and the region’s access to Chinese products is reduced. By comparison, the benefits from Chinese investment in the Caribbean, and from exports to China and Chinese tourism to the Caribbean, while not insignificant, are much less substantial. Caribbean strategies for transportation upgrades and investment, renewable energy adoption, use of digital currencies and universal use of the US dollar, offer promise of reaping benefits for the Caribbean from the China connection in the medium to long term, even in the face of Western isolationism.
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《中国在加勒比经济的未来》
中国经济生产力的显著提高,特别是自世纪之交以来,给世界贸易体系中的每一个经济体带来了实质性的利益,加勒比也分享了这些利益。加勒比地区从与中国的关系中获得的最实质性的好处是购买了更实惠的中国制造或中国投入制造的产品。与用同样的钱从其他来源购买的货物相比,加勒比已获得了大约5%至10%的额外进口。如果现在席卷许多西方国家的反全球化情绪在不久的将来得不到扭转,并且该地区获得中国产品的机会减少,那么这种好处在未来可能不会增加,而且很可能会下降。相比之下,中国在加勒比地区的投资、对中国的出口和对加勒比地区的旅游所带来的好处,虽然并非微不足道,但要少得多。加勒比地区的交通升级和投资战略、可再生能源的采用、数字货币的使用和美元的普遍使用,有望在中长期内为加勒比地区从与中国的联系中获益,即使面对西方的孤立主义。
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