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Current U.S.-Latin American Relations

The greatest international change affecting U.S.-Latin American relations today is perhaps the steady transformation of the world economy from a series of loosely connected national markets to an increasingly interdependent global one(Lowenthal, pp. 66). In this, the nature of multilateralism in international relations is changing; in an environment of collective action and free trade organizations, it is an increasingly difficult task to define the role of the United States in the burgeoning economy of the Western Hemisphere. Specifically, are collective action, national sovereignty, and United States leadership compatible goals in this new configuration? If we confine our interests abroad specifically to the achievement of economic(and not necessarily political) harmony, perhaps the United States may continue to enjoy its superpower status for decades to come.

First, it is necessary to consider whether a multilateralist approach to Latin America will diminish the role of the United States in the region. As it stands today, the United States does adhere to the multilateral approach in dealing with market access and unfair trade practices(Garten, 1995, pp. 50). Interestingly, in recent years, the U.S. has sustained criticism from foreign leaders who claim that American trade practices have moved away from multilateralism towards a bilateral(even unilateral) system(Garten, 1995, pp. 51). Actually, as the face of global economics has changed, so has the American assessment of multilateralism.

Today the United States continues to support multilateralism; it is in our commercial interest to do so. That American companies are the most multinational in the world supports this. Most international companies are globalizing their production in ways that require trade liberalization across many countries simultaneously. And, given that the U.S. has the world's largest open market, it is in our interest to see multilateral commi...

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Current U.S.-Latin American Relations. (1969, December 31). In LotsofEssays.com. Retrieved 07:15, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1694137.html