Saudi Journal of Humanities and Social Sciences (SJHSS)
Volume-6 | Issue-10 | 414-429
Review Article
The Insights of China’s New International Strategy of Hyper Exploitation of Natural Resources (NISHENR) in the Lucrative Zones of South American Continent (LZSAC) 2001-2020
Dr. Njuafac Kenedy Fonju
Published : Oct. 14, 2021
Abstract
The present paper focuses on Sino- Latin America and the Caribbean, (LAC) radical profitable continental relations of the South-South relations with exploitative agenda based on win-win diplomacy in the aftermath of terrorists attack of a Hyper-Super Power and subsequent recognition of Chinese Global Economic Strength (CGES) from the beginning of the 21st Century. The historical challenges in the contemporary World ended up with the admission of China as a member of the World Trade Organisation (WTO) headquarters in the New York City of the United States of America. The main objective is to bring out specific mechanisms used by China to consolidate her relationship with LAC bringing out the potentials of the thirty three countries of the region perceived by Chinese investors and heavy industries in quest of raw materials and available markets for the final products. Therefore, New Peking Consensus of win-win Going Out policy goals vis-à-vis the outdated Washington Consensus proved to be more realistic in the region than those manifested in the previous Centuries by Western capitalist countries in relations to late 19th Century Monroe Doctrine. The scrutiny of primary and secondary sources with evidences collected from Government documents made available online, specialized research papers and related articles enabled the used of historical analytical approach to illustrate the visibility of new strategy of Sino-LAC during the first two decades of the 20th Century making China an unchallengeable position of a Hyper-Economic Power (HEP) vis-à-vis USA in political economy as one of the most powerful existing Communist World.