The structure of their bilateral trade tells us the same old story of the CACZ countries: main exports are natural resources such as sugar, metals, seafood or wood.
Looking at the big picture regarding China, the Nicaraguan situation is not so much different from that of the other CACZ countries.
Theoretical Implications and the Future of the CACZ
There are strong links between the CACZ countries and China.
The Chinese process of its increasing presence in the CACZ is hardly over.
Because of their unfair trade practices, public perception is that the Chinese are guilty of CACZ economies' bad situation.
Quite the opposite happens in the CACZ, where benefits are few.
Processes related to Chinese international actors involvement in the CACZ have practical implications for their future, but my main concern is academic, and finding implications of theoretical approaches is the aim.
In the CACZ it is possible to stress that local oligarchies have chosen an economic path of dependency.
Trade has relatively skyrocketed from around 2000 to 2003 thanks to three interrelated factors: a more globalized Chinese economy, the CACZ economies in deep crisis because of oligarchies rifts and the fact that Americans have abandoned this region in many ways.
While Beijing has arisen as a power in the CACZ, Washington seems to be crouching.
At this very moment, China is very far from displacing the United States or even from being Washington's peer in the CACZ, and yet it is already a significant power in the region.