Belt and Road Initiative and the South American Integration Initiatives: A Comparative Analysis between Asian and Latin American Initiatives with a Complementary Proposition

China has been emerging as an alternative source of international cooperation and recently launched One Belt One Road Initiative. To have a better understanding of the Initiative, to explore possible benefits and lesson to South American countries, this paper firstly investigates the Chinese initiative and later discusses South American Integration and Development initiatives, including financial institutions and the main infrastructural initiative. Lastly, it is proposed the “South American Road” to be created complementing the Chinese initiative and integrating with other regions as Central America, Oriental part of Europe, South and Oriental parts of Africa, and Oceania.