Issues in International Political Economy - The Essentials of U.S. Policy towards Latin America - June 2009 - Number 114

  • Jun 15, 2009

    President Barack Obama has not yet defined the essentials of U.S. policy toward Latin America despite the painful economic situation in the region brought on by the U.S. financial collapse.The best posture for the U.S. government in dealing with Latin America is to demonstrate by its actions that the United States is sincere in wanting to help countries of the region. The two main actions are to stimulate the U.S. economy to the extent needed to return to GDP growth; and to avoid protectionism. Philosophically, the U.S. government must give up a common practice of the past of giving unsolicited advice.