The Hegemonic Transition in Latin America: To What Extent is China Challenging US's Hegemony?

In this paper, we examine the geopolitical consequences of China's enhanced engagement in Latin America. China is increasing its economic weight among Latin American countries, reinforcing its external image to counter the perception that the US is a unique relevant ally. In previous research, some authors have supported the idea that China could become a sort of neocolonial power in Latin America, substituting the hegemony of the United States. In this article, we carry out an in-depth review of Western literature and a comprehensive analysis of the bilateral relationship to discuss China's role in the region. We apply the principles of the hegemonic stability and the power transition theories, and we also include an assessment of "soft power" components. We conclude that China is eroding US power in Latin America but is still far from becoming the new regional hegemon.