Wednesday, December 5, 2007

Waning US influence in Latin America

The article by Joe Contreras in this week's Newsweek subtitled "The influence the United States once claimed as a divine right in Latin America is slipping away, fast." Obviously China has enormous economic pull for the region; but Iran and North Korea? Come on. Is it our markets or our policies and actions that have contributed to the US's declining influence.

"From Tijuana to Tierra Del Fuego, American rivals are making rapid inroads into a region that the United States has long regarded as its natural sphere of influence. Though the United States remains Latin America's largest trading partner by far, Russia, China and Iran are cutting deals, opening up new markets and building diplomatic ties. Even North Korea has forged diplomatic relations with Guatemala and the Dominican Republic in recent weeks as Washington's focus remains stuck on the Middle East. "The Monroe Doctrine that the United States has had for nearly two centuries has completely gone out the window," says Alejandro Sánchez, a research fellow at the Washington-based Council on Hemispheric" Affairs.

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