This report is supported by Fudan-Latin America University Consortium (FLAUC) Idea Lab Project. As one of the Double First-rate projects of Fudan University, the FLAUC Idea Lab Project is an interdisciplinary platform jointly built and shared by China and Latin America to help incubate long-term large-scale research projects on hot issues in both regions.

The contents of this report are as follows:

1. Background: The analysis of current Latin America's participation in the global value chain 

2. Key Issues: Technological Transformation 

3. The influence of technology transition: great power relationship, New value chain and business model, and New sustainable development.