Latin America and the Great U.S.-China Power Struggle
China’s “big bang” exit from COVID presents a number of opportunities for Latin American countries. Yet, investors are aware of the increasingly contentious nature of the relationship between the United States and China. U.S. President Joe Biden has used the term “extreme competition” to describe it. Interestingly, Latin American countries stand in the middle of this great power struggle, which generates both opportunities and risks for the region.
UBS and the Wilson Center’s Latin American Program hosted a conversation on the challenges of the U.S.-China bilateral relation and the implications for Latin America. Leaders from South America are increasingly looking to China to expand their markets as alternative to U.S. trade. They are also hesitant to join sides in the U.S.-China power struggle.
The United States sees Latin America prosperity as a strategic necessity but continuous blockage from Congress has made aid a cumbersome process. China, on the other hand, sees Latin America’s relations closely linked to its own economic objectives, but changes in its national economy are making aid more limited opening a new phase for cooperation and trade.
Latin America Program
The Wilson Center’s prestigious Latin America Program provides non-partisan expertise to a broad community of decision makers in the United States and Latin America on critical policy issues facing the Hemisphere. The Program provides insightful and actionable research for policymakers, private sector leaders, journalists, and public intellectuals in the United States and Latin America. To bridge the gap between scholarship and policy action, it fosters new inquiry, sponsors high-level public and private meetings among multiple stakeholders, and explores policy options to improve outcomes for citizens throughout the Americas. Drawing on the Wilson Center’s strength as the nation’s key non-partisan policy forum, the Program serves as a trusted source of analysis and a vital point of contact between the worlds of scholarship and action. Read more
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