http://money.cnn.com/2015/03/04/news/economy/china-latin-america-relations-united-states/index.html
Over the past year, Chinese banks have increased their investments in Latin America by 71% and the country plans to double its trade volume with the region over the next decade. China has also helped to fund Argentina's nuclear power plant, Bolivia's first satellite, and more. This relationship is beneficial to Latin America and China because Latin American countries badly need cash and China wants more economic influence with countries near the U.S. However, there are some signs that the China-Latin America relationship is starting to strain. The demand for goods in China, paired with the end of the commodity boom is slowing economic ties, but China is committed to a long-term relationship.
I think it is important that the US invests more in Latin America. Over the last ten years, US investment in Latin America has gone down while investment in Asia has skyrocketed. It is important the US finds an appropriate balance between the two, so that we keep our allies closer to home.
3 comments:
I think it's rather funny that we're investing so much in the countries closer to China while they invest heavily in the countries closer to us. It's almost Cuban-Missile-Crisisesque, but more economic-based. Also, I feel like they've outdone the US in Latin American trade for at LEAST 5 years now.
I also feel that Latin America is an investment "gold mine" that the US continues to overlook. As the world becomes more global, I also think it is in the United States' best interest to balance their investments.
I agree this situation does reflect that U.S. and China are trying to gain dominance in each other's backyard.
This is dangerous as not being allies with your neighboring countries is a threat to national security.
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