Monday, July 22, 2019
Topics In Cultural Studies Essay Example for Free
Topics In Cultural Studies Essay Trade relationship between Latin America and United States of America was believed to have improved in 1980’s. However, the progress that should have been reaped after the post cold war has not been applied. Though there are possibilities that the two countries will have a more productive engagement in trade, there was still a tension between the trade relationship between Latin America and United States (Shifter, 2007).            In the past and up to these days, the United States of America had had been supporting the assets of economic reform. Trade liberalization and privatization are the most prioritized project in the economic reform of the United States. Economic reform was considered the basis for prosperity of the country. In the past, Latin American government had also been able to adapt to the economic reforms of the United States because they believe that this is the pattern of hemispheric policy when it comes to the engagement of trade towards United States (Shifter, 2007).            Latin America was considered to be a region wherein it is the fastest growing market for the United State’s export products. From the history of trade in the past, Latin America is expected to become the world’s primary market for the products and services that came from United States (Shifter, 2007).            The total exports of the United States to the Latin American region amounted to about 13 billion dollars in 1996, which had surpassed the export figures on 1990. US products were also exported in China but it only amounted to $10 B dollars in 1990 having Latin American region to have a larger amount of export form the United States (Shifter, 2007). Latin America is now engaging trade between China and United States need not to worry because they will not be displaced immediately by Chinese market. The trade relationship between China and Latin America had not been that significant not unlike the significance of the trade relationship between Latin America and United States (Frechette, 2006). Literature Cited: Frechette, M. (2006). Rethinking Latin America;A New Approach in US Foreign Policy. Academy and Policy, Vol. 28 (2). Harvard International Review. Shifter, M. (2007). United States-Latin American Relations: Shunted to the Slow Track. Retrieved September 18 2007 from http://www.currenthistory.com/archivefeb98/shifter.html
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