Asymmetric interdependence and small states: power and vulnerability in trade relations between China with Costa Rica and Ecuador

Abstract

Interdependence outlines a scenario where economic and political issues gain weight on the global agenda. This paper explains the effects of asymmetrical interdependence between a World economic power, such as China, and two small Latin American states such as Costa Rica and Ecuador, for which commerce is the empirical element to be analysed in the relationship. To get this objective the concept of ‘asymmetric interdependence’ defined as a source of power is discussed, and also the concept of small states, which is defined as the most vulnerable actor inside an interdependent relationship from the point of view of International Political Economy. It is concluded that even if the interdependent relationship between China and Costa Rica and Ecuador offer mutual commercial benefits, costs which arising from this relationship placed small states in a situation of greater vulnerability.