HIST 2211 Lecture Notes - Lecture 20: Neoliberalism
20 Apr 2016
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Document Summary
China had a large number of imports starting in 2000: some of the imports were materials being sent for assembly in china, lots of coal imports from australia, economic growth allowed for more imports of goods/resources. Between 2000 and 2006, china"s oil demand increased by 55% After exploring options in the 1970s and 1980s, china came to the conclusion that there would not be enough oil domestically to meet demand. By 2006, chinese oil imports from latin america amounted to 7% of their total imports. China began to think of latin america as a good place to invest in long term exploration of resources. There were good relations between china and hugo chavez. By 2006, 77% of latin america"s oil exports were going to the us, and only 5% to. China though they were following the rules of market liberalization. 11: there was lots of room for growth of oil exports to china.
