USA – Latin America

1. Definition2. History of US-LA relations3. Cold War4. Substitution of imports5. Integration tendencies6. ALBA7. Mutual trade

Definition of Latin America

History of US-LA relations,America’s Back Yard

• 1823: Monroe Doctrine• 1846: US Mexican War• 1898: Cuban Independence• 1904: Big Stick

Cold War

• 1959: Cuban Revolution• 1962: Cuban Crisis• 1982: Falklands• Proxy Wars

Substitution of imports

• Raúl Prebisch• Idea of the Center and the Periphery• Director of the CEPAL – 1948• Results of SI policies

Integration

• 1948: OAS• 1969: ACN• 1991: MERCOSUR• 1994: NAFTA• ??? : FTAA• 2004: DR-CAFTA• Peru• Colombia• Chile• Panama

ALBA

• 2004

Mutual trade

• 16,7% of US population, 52 million people. Countries?• US – Latin American trade: over 800 bn. USD• approx. 40% of all trade• US Exports: computers and computer accessories, telecommunication parts, cars, civilian aircraft, and machinery• LA Exports: raw materials—oil, minerals, and agricultural products• US FDI: 25 bn USD

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